singapore stock picks

Thursday, December 18, 2014

SIngapore Stock Signals & Technical Analysis

Market Review for STI:
Shares opened higher with the Straits Times Index at 3,240.51 in early trade, up 0.41 per cent, or 13.28 points. Oil prices edged higher in Asia after data showed US stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year. Currently Federal Reserve is not increasing rate so it’s good indication for stock market.
STI Day Performance
Open
3247.06
High
3252.01
Low
3227.52
Close
3243.65
Change(Points)
+16.42
% Change
+0.0.51%
Volume
1145.6M
Rise
196
Fall
156
Unch
843
Market forecast for STI:
Trend is still in correcting mode. Tomorrow opening will decide the trend of market.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3230
3220
3210
3260
3270
3280
Technical Indicators:
RSI is at 40 and CCI is at -180.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GOLDEN AGRI-RES.SG
0.44
3.53
GLOBAL LOGISTIC.SG
2.41
-3.21
OLAM INTL.SG
2.04
3.03
THAIBEV.SG
0.68
-2.16
JSH USD.SG
33.65
2.87
NOBLE.SG
1.04
-1.89
KEPPEL CORP.SG
8.44
2.68
COMFORTDELGRO.SG
2.47
-1.59
DBS.SG
19.53
2.36
SEMBCORP MARINE.SG
3.12
-1.27
Important Factor for today:-
  • Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday .
  • EU leaders on Thursday will discuss tense relations with Russia and punishing sanctions imposed over Moscow's actions in Ukraine at a summit led for the first time by Poland's Kremlin-wary former premier Donald Tusk.
  • Mainboard-listed Silverlake Axis (Silverlake) on Thursday revealed that it has formed a company, Silverlake HGH, to launch a takeover offer for Finzsoft Solutions - an Auckland-based financial technology company that develops and implements software and solutions for banks and financial institutions in New Zealand and Australia - at a price of NZ$3 per share.
  • Olam's US$1.3 billion deal to buy rival Archer Daniels Midland's cocoa processing business may reduce liquidity in the niche cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships.
  • Global Tech (Holdings) incurred a loss of HK$15.99 million (S$2.7 million) for the financial year ended Sept 30, 2014, compared to a net profit of HK$12.88 million made last year.

Wednesday, December 17, 2014

SGX Review: STI Technical Analysis 17th Dec

Market Review for STI:
Share prices opened lower at 3220.13.Asian markets edged up on Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meet. Marked ended with a bullishness at the level of 3227.23.
STI Day Performance
Open
3220.13
High
3232.64
Low
3200.63
Close
3227.23
Change(Points)
+12.14
% Change
+0.38%
Volume
1208.5M
Rise
174
Fall
192
Unch
829
Market forecast for STI:
It may be expected that STI will take little correction from previous down trend.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3210
3200
3190
3240
3250
3260
Technical Indicators:
RSI is at 36 and CCI is at 302.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
3.16
9.34
GOLDEN AGRI-RES.SG
0.425
-4.49
KEPPEL CORP.SG
8.22
3.01
SIA.SG
11.31
-2.42
SGX.SG
7.54
2.03
CAPITALAND.SG
3.1
-1.27
OLAM INTL.SG
1.98
1.54
SIA ENGINEERING.SG
3.92
-1.01
SEMBCORP IND.SG
4.16
1.46
WILMAR INTL.SG
3.11
-0.64
Important Factor for today:-
  • Singapore's non-oil domestic exports (NODX) grew 1.6 per cent in November from a year earlier, as a jump in pharmaceuticals exports outweighed the fall in electronic shipments, figures by trade agency IE Singapore showed on Wednesday.
  • Market cap of 23 Offshore Marine firms falls 15.7% in a month amid oil rout .Offshore support services firms listed in Singapore have seen their returns decline by more than one-tenth over the year, in line with falling oil prices, with some of the larger companies among these losing more than half of their returns during the same period.
  • Buoyed perhaps by their year-end bonuses and the holiday season, Singapore consumers ended 2014 slightly more optimistic about their finances and the economy
  • Asian markets edged up on Wednesday on bargain-hunting, although gains were limited following more losses on Wall Street, while investors await the outcome of a Federal Reserve policy meeting.
  • Supplies of western-origin fuel oil into Asia in January could hit its highest in nine months, as multi-year low crude prices fuel higher production of oil products in Europe and the America.
  • The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company and SIA Engineering Company in Singapore.

Tuesday, December 16, 2014

Singapore Stock Market Technical Analysis 16th Dec

Market Review for STI:
Shares gave gap down opening 15.34 points down at 3,278.80. Oil sinks deeper to 7-year lows in Asian trade, Crude prices have plunged roughly 50 per cent since June, weighed down by plentiful supplies, the stronger dollar and weak demand arising from the struggling global economy. 
STI Day Performance
Open
3274.08
High
3279.91
Low
3212.09
Close
3215.64
Change(Points)
-78.50
% Change
-2.38%
Volume
1131.2M
Rise
84
Fall
303
Unch
402
Market forecast for STI:
The continued worrying issues in the global economy pulled the market down and we may expect the same situation. STI may fill the previous gap and then recover taking the support at level 3203 or 3154.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3200
3190
3180
3240
3260
3285
Technical Indicators:
RSI is at 33 and CCI is at -37.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
2.89
0.7
GENTING SING.SG
1.03
-5.07
SIA ENGINEERING.SG
3.96
0.25
NOBLE.SG
1.065
-4.05
SIA.SG
11.59
0.09
JARDINE C&C.SG
39.94
-3.67
KEPPEL CORP.SG
7.98
-0.25
ST ENGINEERING.SG
3.23
-3.58
JMH USD.SG
57.64
-0.28
UOB.SG
23.25
-3.49
Important Factor for today:-
  • Singapore shares opened lower on Tuesday, with the benchmark Straits Times Index at 3,278.80 in early trade, down 0.47 per cent, or 15.34 points.
  • Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling. Cheaper executive condominiums (ECs) outsold private condo units by more than two-to-one in November, figures from the Urban Redevelopment Authority showed on Monday.
  • Mainboard-listed Yoma Strategic Holdings said on Tuesday that the Asian Development Bank (ADB) has approved a loan of up to US$100 million (S$131.18 million) to improve infrastructure connectivity needed for sustainable economic growth in Myanmar.
  • Mainboard-listed commodity giant Olam International said on Tuesday it will acquire the global cocoa business of US-based Archer Daniels Midland (ADM) for US$1.3 billion (S$1.71 billion), propelling it to the ranks of the world's top three cocoa processors.
  • Tokyo stocks opened 1.39 percent lower on Tuesday after Wall Street shares continued to come under selling pressure, while the US dollar remained weak against the yen.
  • Further drops in oil prices and slumping shares across Asia sent Singapore stocks down almost 1 per cent on Monday.The benchmark Straits Times Index lost 29.99 points, or 0.9 per cent, to 3,294.14, with energy plays continuing to take a hit.But overall trading activity was muted, with just 974.4 million shares worth $833.6 million changing hands.
  • Global shares prices came under pressure on Monday as oil prices briefly sank to fresh 5-1/2 year lows in choppy trade, doing little to allay concerns that some energy producers and exporters could find themselves in dire straits as revenues slump.

Monday, December 15, 2014

Singapore Stock Market Updates: STI Technical Review 15th Dec

Market Review for STI:
Share opened lower with the Straits Times Index down 16.7 points to 3,307.43. The unemployment rate in Singapore rose unexpectedly in the last quarter. Singapore Ministry of Manpower said that Singaporean Unemployment Rate rose to 2.0%, from 1.9% in the preceding quarter. It’s affected the Singapore stock market.
STI Day Performance
Open
3312.48
High
3314.30
Low
3285.49
Close
3294.14
Change(Points)
-29.99
% Change
-0.90%
Volume
974.4M
Rise
106
Fall
286
Unch
396
Market forecast for STI:
Oil prices fell more than two per cent to 5 1/2-year lows early, on concerns about supply glut and slower global growth, feeding fears. It will take time to regain the buying pressure in the market and the bearish rally may continue in the next trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3286
3270
3260
3320
3330
3340
Technical Indicators:
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
ASCENDAS REIT.SG
2.35
1.29
NOBLE.SG
1.11
-3.06
GOLDEN AGRI-RES.SG
0.455
1.11
SEMBCORP IND.SG
4.12
-2.83
CAPITAMALL TRUST.SG
2.03
1
THAIBEV.SG
0.69
-2.13
HONGKONGLAND USD.SG
6.83
0.44
JSH USD.SG
33.17
-1.89
OCBC BANK.SG
10.43
-0.29
JARDINE C&C.SG
41.46
-1.87
Important Factor for today:-
  • Singapore's non-oil domestic exports probably grew in November from a year earlier, when sales of pharmaceuticals were poor, with the comparison against a low base helping shipments recover from October's contraction.
  • The SGX issued a warning to investors on Monday to trade with caution Tritech Group's shares after it had queried the company for irregular trading.
  • Singapore mainboard and Philippine Stock Exchange dual-listed Del Monte Pacific Limited (DMPL) posted a Q2 net profit of US$185,000 on Monday, down from its US$8.9 million profit a year ago.
  • Singapore blue chip constituent Keppel Corp sank to a three-year low on Monday morning
  • Mainboard-listed Swiber Holdings has made its first foray into the offshore oil and gas market in West Africa by securing an award from a Houston-based oil and gas company to provide engineering, procurement, construction, installation and commissioning (EPCIC) services for an offshore field development project.
  • Singapore retail sales, seasonally adjusted, fell 1.3 per cent in October over the previous month on lower sales of cars and other vehicles.
  • XMH Holdings, a diesel engine provider for the marine and industrial sectors, has posted net profit of S$711,000 for the second quarter ended Oct 31, 2014, down 64.9 per cent for the same year-ago period.
  • The chairman of M1 ,Teo Soon Hoe, passed away after serving on its board for nearly two decades.

Thursday, December 11, 2014

Singapore Stock Market Technical Analysis Report 11th Dec

Market Review for STI:
Shares opened lower on with the Straits Times Index losing 6.43 points to 3,319.38. Asian stocks dropped after oil’s collapse to a five-year low triggered the biggest loss for Asian market .Traders are now eyeing an increasingly competitive battle for market share among OPEC exporters, for clues on when and at what price they would step in to help balance oil markets. Trading Signals

STI Day Performance
Open
3318.64
High
3326.13
Low
3314.95
Close
3318.7
Change(Points)
-711
% Change
-0.21%
Volume
1226.9M
Rise
178
Fall
626
Unch
910
Market forecast for STI:
Asian stocks are dipping as oil hits risk sentiment; we are expecting that market will move in same trend because Sentiment was also aided by a slightly weaker dollar.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3310
3300
3290
3330
3340
3350
Technical Indicators:
RSI is at 52 & CCI is at -26
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SIA ENGINEERING.SG
4.03
2.03
GENTING SING.SG
1.09
-1.8
SIA.SG
11.65
1.84
KEPPEL CORP.SG
8.21
-1.56
SINGTEL.SG
3.98
1.27
SEMBCORP IND.SG
4.29
-1.15
CAPITALAND.SG
3.33
1.22
JSH USD.SG
33.3
-1.13
OCBC BANK.SG
10.48
0.48
DBS.SG
19.8
-1
Important Factor for today:-
  • Economic growth of Singapore estimated that it will expand around 3.2 per cent next year.
  • Total transaction activity in Singapore has hit US$55.4 billion so far this year, up 30 per cent from US$42.5 billion a year ago, data from American Appraisal showed on Thursday. Transaction activity includes mergers and acquisitions (M&A), private equity, venture capital, and IPO deals.
  • Oil prices slid on Wednesday, but avoided new lows, as dealers awaited US stockpiles data for an indication of demand in the world's biggest consumer of crude.
  • Oil prices fell in Asia on Wednesday as dealers await the latest US supply report for clues about production levels, while weak Chinese and German trade data also weighed.
  • Online financial services platform iFast Corporation has made a positive debut in early trading on the Singapore Exchange today.

 
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