singapore stock picks

Thursday, January 22, 2015

Singapore SGX : STI Technical Report 22nd Jan

Market Review for STI: Share prices opened flat on Thursday with the Straits Times Index down 2.39 points to 3,352.07. Singapore shares are likely to head higher on news that the European Central Bank will proceed with a massive bond buying programme to shore up the flagging euro zone economy. A surprise move by the Bank of Canada to cut interest rates, its first reduction in almost six years, is also expected to bolster expectations among investors that central banks worldwide will continue with efforts to help boost economic activity.  TRADING TIPS
Market forecast for STI: We may see bullish trend, if STI cross the level of 3385.
Technical Indicators: RSI is at 56 and CCI is at 103
Important Factor for today:-
  • Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying programme by the European Central Bank (ECB) later in the day that could push the dollar to new highs and put downward pressure on commodities
  • Singapore Exchange Ltd, Southeast Asia's biggest bourse, plans to start trading Chinese equity-index options as investors seek ways to hedge risks in the world's most volatile stock market
  • Two Singapore companies have made it to the ranks of the world's 100 most sustainable companies again in a global ranking.
  • Weak global market conditions have caused food and beverage company Del Monte Pacific to defer an international offering of up to US$360 million worth of preference shares.
  • Shares of Singapore Exchange slipped as much as 2.3% despite a decent set of December-quarter results from the bourse operator, as investor sold into strength amid concerns that growth may not be sustainable.
  • Singapore's prime office rents are set to extend gains this year as the number of new properties coming onto the market is limited, according to Capita Commercial Trust Management (CCTM).

Wednesday, January 21, 2015

SGX Singaopore : Technical Analysis for STI 21st Jan

Market Review for STI: Share prices opened higher with the Straits Times Index up 4.93 points to 3,338.95.Singapore stocks held on to modest gains, getting a lift from an uptick in most Asian markets. Investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.
Market forecast for STI: STI may go up after the level crosses 3370 as we can see a bullish movement in the market. Stocks Tips
STI Day Performance
Open- 3336.58
High- 3354.46
Low- 3331.27
Close- 3354.46
Change(Points)- +20.44
% Change- +0.61%
Volume- 1982.4M
Rise- 222
Fall- 173
Unch- 396
Technical Indicators: RSI is at 55 CCI is at 42
Support 1- 3340
Support 2- 3320
Support 3- 3300
Resistance 1- 3360
Resistance 2- 3370
Important Factor for today:-
  • The Infocomm Development Authority of Singapore (IDA) on Wednesday challenged the San Francisco Bay Area tech community to come out with innovative solutions to analyse the more than 8,000 open government data sets as the country strives towards becoming a Smart Nation.
  • Auditing firm KPMG has joined the host of voices from the business community calling for government productivity schemes to be enhanced in the upcoming Budget.
  • KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.
  • Asia Pacific investors are expected to increase their global real-estate allocation this year, with an estimated US$58.5 billion ($78.2 billion) of capital is set to flow into global real estate.
  • CAPITACOMMERCIAL Trust, a real estate investment trust (Reit) holding central business district (CBD) offices, reported on Wednesday morning before trading hours a distribution per unit (DPU) of 2.15 cents for its fourth quarter ended Dec 31, 2014, up 2.9 per cent from 2.09 cents a year ago.
  • investors preferred to wait for more developments, including the Bank of Japan's monetary statement today and the outcome of the European Central Bank's policy meeting tomorrow.

Tuesday, January 20, 2015

SGX Singapore - Daily Technical Review 20th Jan

Share prices opened higher with the Straits Times Index up 6.56 points to 3,314.26.Singapore shares opened higher and held on to gains. Official data just released showing China's economy expanded 7.3% in 4Q 2014,Asian markets rallied in relief  after China reported its economy had not slowed as far as many had feared, a rare glint of brightness amid gloom over the global outlook.
Stock Signals
STI Day Performance
Open 3315.57
High 3338.69
Low 3311.59
Close 3334.02
Change(Points) +26.32
% Change +0.80
Volume 1208.0M
Rise 249
Fall 135
Unch 409
Market forecast for STI: We may expect bullish trend in STI in range of 3334 to 3373.
Technical Indicators: RSI is at 52 and CCI is at -26.
Support 1 3300
Support 2 3277
Support 3 3240
Resistance 1 3350
Resistance 2 3371
Resistance 3 3404
Important Factor for today:-
  • Singapore’s sovereign wealth fund GIC is investing 10.2 billion rupees (US$165.5 million) in India's Bandhan Financial Services, which is setting up one of the country's two newest banks.
  • JTC Corporation (JTC) has awarded the tender for an industrial site at Tuas South Street 9 (Plot 52) to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, for S$7.04 million.
  • Rolls-Royce has unveiled the first made-in-Singapore Trent 1000 engine, which will be used in local budget carrier Scoot's new Boeing 787 aircraft.
  • Some 33 per cent of Singaporeans expect their standard of living to fall when they retire, far above the global average of 23 per cent who said so, a global survey has found.
  • Water treatment firm China Everbright Water Limited is placing out 120.7 million new shares at S$0.94 each to raise S$113.4 million for growth and expansion purposes. The firm said in an announcement early morning that the money came from International Finance Corporation (IFC) and Dalvey Asset Holding (DAH).
  • The war for Singapore talent has heated up with Fair Consideration Framework, and the private and public sectors are looking overseas to lure them back home, a new survey found .

Monday, January 19, 2015

Singapore Stock Market Technical Analysis 19th Jan

Share prices opened higher with the Straits Times Index up 20.67 points to 3,321.35.Asian equity markets mostly rose following a rally on Wall Street and a strong pick-up in oil prices, Market breadth was positive, but volume was thin, suggesting the change in lot trading sizes from 1,000 shares to 100 has yet to make an impact. Trading Tips
STI Day Performance
Change(Points)- +7.020
% Change-+0.21%
Market forecast for STI: Market is consolidation range we can’t predict anything right now. STI is not in stable mode.
Technical Indicators: RSI is at 46 and CCI is at -73.
Support 1-3275
Support 2-3250
Support 3-3230
Resistance 1-3340
Resistance 2-3355
Resistance 3-3371
Important Factor for today:-
  • Singapore handled 33.9 million 20-foot containers last year, according to a statement posted on the Maritime & Port Authority of Singapore's website dated Jan. 16. Last month, Shanghai said it expects to process about 35.2 million boxes in 2014. A year before, the gap between the two ports was about 1 million boxes.
  • SLIDING oil prices and uncertain global growth have sent inflation expectations plummeting in Singapore to their lowest levels in three years.
  • The Singapore economy will benefit from lower oil prices since it is a net importer of oil.
  • Efforts by the Singapore Exchange to grow its derivatives business may have yielded positive results, with average derivatives trading volumes up 53% y-o-y in 4Q2014, but the recent strength may not be sustainable, says UBS.
  • JTC Corporation (JTC) has awarded the tender for an industrial site at Tuas South Street 9 (Plot 52) to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, for S$7.04 million.
  • Singapore remains a gateway to Asia, but not when it comes to raising equity. The city-state's annual share of equity issuance in local markets including Malaysia, Indonesia, the Philippines and Thailand averaged 45 per cent between 2004 and 2009. That has fallen to 37 percent over the last five years.

Friday, January 16, 2015

Singapore Stock Market Weekly Analysis

Opening of the STI was not in this week. first day of week STI open not good. Oil fell further in Asia, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years. Second day of week STI was in consolidation face, 
Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen, so nothing good happened with STI. Most Asian stock declined as the yen gained a fourth day against the dollar and commodity prices slumped. And last day of week STI was too down with 38 points. Trading Signals
OPEN: 3332.96
HIGH: 3349.19
LOW: 3291.5
CLOSE: 3300.68
CHANGE (In Points): -37.76
% CHANGE: 1.14%
Market Forecast for week ahead: This week was not good for STI. Because of continuously oil price dipping down and world economy crises. crude oil higher on Friday, holding above US$48 a barrel as  prices were well supported around current levels, although few expect a strong rebound anytime soon as global output continues to outweigh demand. If oil will take rebound then it will good for STI market. We may expect oil will take rebound then STI will be better condition in next week.
Support 1: 3275
Support 2: 3220
Support 3: 3160
Resistance 1: 3371
Resistance 2: 3404
Resistance 3: 3420
Technical Indicators: RSI is above the centre line which is supporting the uptrend for the week at 55.32 and CCI is also supportive at the level of 48.37.
Macroeconomic factors:
  • Credit Suisse now believes Singapore's central bank will ease monetary policy in April, considering the weaker inflation outlook and subdued GDP (gross domestic product) growth prospects.
  • A sudden new-year jump in Singapore interest rates threatens to push up mortgage costs and steepen a slide in home prices. The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points to 0.6392% this year to the highest since April 2010, driven by a stronger US dollar and new liquidity requirements for Singapore banks.
  • A bond index created by the Singapore Exchange (SGX) and Reuters tracking Singapore-dollar denominated bonds continues to hit new highs, outperforming the Straits Times Index (STI) for the week ended Jan 9, 2015.
  • Singapore’s non-oil domestic exports in December were expected to fall versus a year earlier, a Reuters poll found, after recent business surveys showed the global economy ended 2014 on weak footing.
  • SINGAPORE remains the favored Asean hub, where 80 per cent of multinational companies locate their regional head office, according to the latest findings of a Baker & McKenzie report released on Wednesday.
  • Singapore shares could fall by 30% on average if the collapse in oil prices and fallout from Russia’s economic woes tips the world into recession, according to Maybank Kim Eng.
  • Singapore is the third most expensive market for construction within the Asia region, according to the International Construction Cost Report, which was released on Thursday. This is despite the country having seen significant relative cost reductions over the past year.
  • Singapore’s non-oil domestic exports (NODX) expanded by 2.3% in December on a year-on-year (y-o-y) basis, due to the rise in both electronic and non-electronic NODX.

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