singapore stock picks

Monday, September 29, 2014

Stock Market Singapore : Daily Techncal Analysis 29 Sept

Market Review for STI:
Week started with bearishness with STI down 2.86 points to 3,289.35.Also the minor trend for the index is down. Low for the day was marked at 3282.75 and high was marked at 3293.99.

STI Day Performance
Open
3290.82
High
3293.99
Low
3282.75
Close
3289.72
Change(Points)
-2.49
% Change
-0.08%
Volume
979.0M
Rise
176
Fall
192
Unch
762
Market forecast for STI:
We may find recovery in the market if the market opening is in the range of 3290-3300.

STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3280 3255 3220 3312 3338 3360
Technical Indicators:
RSI is at 40.95 & CCI is at -83.71

Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
COMFORTDELGRO.SG 2.5 2.04 JSH USD.SG 34.83 -1.8
OLAM INTL.SG 2.44 1.67 JMH USD.SG 59.14 -1.37
SEMBCORP MARINE.SG 3.76 0.8 THAIBEV.SG 0.72 -1.37
GLOBAL LOGISTIC.SG 2.77 0.73 HONGKONGLAND USD.SG 6.78 -1.02
ST ENGINEERING.SG 3.7 0.54 GENTING SING.SG 1.14 -0.87
Important Factor for today:-
  • Shares of Tuan Sing Holdings soared to a multi-year high today on strong volume after the real estate developer said a Singapore property tycoon has become a substantial shareholder.
  • Business confidence in singapore for the final quarter of this year slipped further to a one-year low weighed down by sputtering global economic growth on the back of geopolitical uncertainties, according to a recent survey.
  • Offshore marine firm nam cheong has sold three vessels for us$41 million and together with the five vessels sold to indonesian-listed pt pelayaran nasional bina buana raya (bbr) for us$85 million, it brings total orders for september to us$126 million.
  • OUE gained two singapore cents or 0.93 per cent to s$2.18 over the morning session. The firm announced over the weekend that it will invest us$200 million in cayman islands-based nuvest real return fund managed by gic-backed nuvest capital.
  • Ziwo holdings said that it is planning to buy a 25 per cent stake in xisheng (quanzhou) investment co, for 160 million yuan (s$33.2 million) to play a role in china's redevelopment of industrial zones in quanzhou city in fujian province.

Friday, September 26, 2014

Singapore SGX - STI Technical Outlook 22-26 Sept

Weekly wrap of STI::
STI opened lower and closed lower this week. It had a gap down opening today at 3276.84 and shares finished the day higher with Index up 1.22 points to close at 3,292.21.There was a positive move seen in the market and also the index took strong support at 3280 .The high of the day was marked at 3293.33 and the low of the day was marked at 3271.77.From last two weeks the index is down due to economic issue and the data releases for Singapore. 


STRAIT TIMES WEEKLY WRAP
Open 3307.31
High 3312.43
Low 3271.77
Close 3292.21
Change(Points) -12.84
% Change -0.39%
Market Forecast for week ahead:
With the week’s closing and the trend we may expect STI to be bullish in coming week. As the support of 3280 is found out to be the strong support market will soon recover.


Weekly Technical view on STI
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3253
3222
3100
3308
3340
3380
Technical Indicators:
RSI is at 52 and CCI is at -27 .MACD is indicating the level of 30.77.
Important Factor for today:-
  • HDB launched 4,630 new flats under the September 2014 Build-To-Order (BTO) exercise. These flats are spread across six projects located in the non-mature towns of Bukit Batok, Hougang and Jurong West, and the mature town of Kallang Whampoa.
  • Total live-births decreased by 6.9 per cent from 42,663 in 2012 to 39,720 in 2013. The number of resident births (i.e. births with at least one parent who is a Singapore citizen or permanent resident) also fell by 7.7 per cent from 38,641 in 2012 to 35,681 in 2013. Reflecting the lower number of births, Singapore's resident total fertility rate declined from 1.29 births per female in 2012 to 1.19 births per female in 2013...
  • As at end-June 2014, there were 3.87 million residents, comprising 3.34 million Singapore citizens and 0.53 million permanent residents. Including the 1.60 million non-residents, Singapore's total population was 5.47 million...
  • Data centre operator IO is just the kind of company Singapore wants to see in its future as cost pressures erode its competitiveness in the traditional low-end manufacturing that once helped make it an "Asian Tiger" economy.
  • Singapore eDevelopment is planning to issue listed and secured perpetual bonds of up to $300 million with an 8% annual coupon and a share of annual profits of property development projects to be funded, as well as a 100-to-one consolidation of its shares, to accelerate its strategy for corporate recovery.
  • Singapore mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential's Asia asset management arm East spring Investments.
Sector Allocation Chart by VOLUME
Top GAINERS% Sector (over 5 Trading Days)

SECTOR RISE FALL UNCH
PROPERTIES 16 30 36
MULTI-INDUSTRY 5 5 6
CONSTRUCTION 10 15 17
COMMERECE 12 25 62
HOTELS/RESTAURENTS 6 4 7
TRANSPORT 8 18 22
FINANCE 4 18 25
MANUFACTURING 37 63 154
SERVICES 37 42 73
AGRICULTURE 1 1 7
MINING 4 4 4

Thursday, September 25, 2014

SGX Singapore Technical Analysis Outlook 25 Sept

Market Review for STI:
Singapore shares fell down 1.82 points to close at 3,290.99. Asian shares are not stable and the market depends on the real time data which are not in favour of the stocks. The high of the day was marked at 3303.16 and the low of the day was marked at 3284.20.

STI Day Performance
Open
3301.69
High
3303.16
Low
3284.20
Close
3290.99
Change(Points)
-1.82
% Change
-0.06%
Volume
1234.3M
Rise
179
Fall
195
Unch
755
Market forecast for STI:
As the market is moving sideways we cannot expect a clear trend either bullish or bearish. It will depend on the opening on next trading session and also the economic factors affecting it.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3253.86
3222.59
3180.00
3308.55
3340.35
3370.00
Technical Indicators:
RSI is at 41.25 and CCI is at 94.15
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
SEMBCORP MARINE.SG
3.78
1.61
OLAM INTL.SG
2.42
-1.22
NOBLE.SG
1.39
1.46
ST ENGINEERING.SG
3.66
-0.81
HONGKONGLAND USD.SG
7
1.16
CAPITAMALL TRUST.SG
1.905
-0.78
GOLDEN AGRI-RES.SG
0.51
0.99
KEPPEL CORP.SG
10.48
-0.76
GENTING SING.SG
1.14
0.88
CITYDEV.SG
9.59
-0.72
Important Factor for today:-
  • Singapore eDevelopment is planning to issue listed and secured perpetual bonds of up to $300 million with an 8% annual coupon and a share of annual profits of property development projects to be funded, as well as a 100-to-one consolidation of its shares, to accelerate its strategy for corporate recovery.
  • With a moneylender's license in hand, ValueMax can now officially accept a wider range of collateral, especially properties. This business segment may be a new growth driver, with high margins of about +70%. We expect ValueMax to add about SGD25m in loans for this segment from now until FY15 - which would boost our FY15F NPAT by 17% to SGD16.7m.
  • ISOTeam's FY14 PATMI of SGD6.1m beat our earnings estimates by 43%, representing c.100% y-o-y growth (excluding one-off disposal gains in FY13). Growth outlook remains strong as R&R and A&A segment growth may be driven by government initiatives to rejuvenate mature housing estates and refurbish schools. We raise PATMI estimates for FY15F/16F by 33%/43%. Maintain BUY with raised DCFbased TP of SGD0.77.
  • OSIM's results were mostly in line with our expectations. 2Q14 was a slightly softer quarter due to the challenging retail conditions in South Asia, in our view. Nonetheless, its net profit of SGD29.5m still marked a record quarter, and is a testament to the company'sgrowing all-round strength. We are excited about the company's plans for the rest of the year and maintain BUY, with our TP still at SGD3.85.
  • AusNet Services is facing two new class actions in relation to bushfires that occurred in February 2014 in Yarram and Mickleham.
  • Wilmar International said on Thursday that the Australian Competition and Consumer Commission (ACCC) will not oppose plans by the company and First Pacific to buy Goodman Fielder for S$1.7 billion.
  • Singapore mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential's Asia asset management arm East spring Investments.

Monday, September 22, 2014

Singapore Stock Market - STI Technical Analysis Outlook 22 Sept


Market Review for STI:
STI opened up higher at 3307.31 and closed lower at 3296.57, we may consider it as a general pullback as the sellers were aggressive on the market today .The high of the day was marked at 3312.43 and the low was marked at 3295.44.

STI Day Performance
Open
3307.31
High
3312.43
Low
3295.44
Close
3296.57
Change(Points)
-8.48
% Change
-0.26%
Volume
1562.5M
Rise
155
Fall
255
Unch
710
Market forecast for STI:
We may expect market to move up if crosses the level of 3312 and may range in 3312-3325.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3290
3280
3270
3310
3325
3340
Technical indicators:
RSI is at 42.80 and CCI is at -103.12.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GOLDEN AGRI-RES.SG
0.52
2.97
NOBLE.SG
1.39
-2.46
THAIBEV.SG
0.735
1.38
OCBC BANK.SG
9.72
-1.52
ASCENDAS REIT.SG
2.26
0.89
CAPITALAND.SG
3.24
-1.22
SEMBCORP IND.SG
5.22
0.77
OLAM INTL.SG
2.51
-1.18
HONGKONGLAND USD.SG
7.02
0.72
GENTING SING.SG
1.11
-0.89
Important Factor for today:-
  • Singapore exchange is forecasting an end to a two-year hiatus for Chinese listings after regulators made it easier for companies from Asia’s biggest economy to sell shares in the city-state.
  • Singapore exchange (sgx) today launched a new research and company fundamentals portal on its website.
  • Keppel land which through its wholly-owned subsidiary, pt Keppel land, will be selling its 80 per cent stake in bg junction - a strata-titled retail development in surabaya, indonesia - to silverise enterprise and pt pelangi arjuno, for approximately 400 billion rupiah (s$42.8 million).
  • Main board-listed united engineers said that discussions with third parties relating to an offer for the shares of the company and its subsidiary, Wbl Corporation, are ongoing.
  • Main board-listed stats ChipPAC announced that its current executive vice-president and chief operating officer (coo), wan choong hoe, has resigned from both his positions with effect from sept 30 to "pursue personal interests".

Wednesday, September 17, 2014

SGX Singapore: STI Outlook 17 Sept


Market Review for STI:
STI took a correction after a steep downfall and opened at 3283.22 and closed at 3296.48, total positive change of 23 points was there and the high of the day was marked at 3299.64. shares rebounded following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance.The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop.

STI Day Performance
Open
3283.22
High
3299.64
Low
3283.12
Close
3296.48
Change(Points)
+23.86
% Change
+0.73
Volume
1341.7M
Rise
266
Fall
133
Unch
728
Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3282
3270
3260
3310
3325
3340
Technical indicators:
RSI is down and is at 40.If RSI goes above 50 then the bullish trend may form.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GENTING SING.SG
1.12
2.28
COMFORTDELGRO.SG
2.46
-1.99
CITYDEV.SG
9.79
1.98
THAIBEV.SG
0.72
-0.69
NOBLE.SG
1.365
1.87
CAPITAMALL TRUST.SG
1.95
-0.26
HONGKONGLAND USD.SG
6.86
1.48
SIA ENGINEERING.SG
4.56
-0.22
HPH TRUST USD.SG
0.7
1.45
UOB.SG
22.54
0.13
Important Factor for today:-
  • On a year-on-year basis, NODX rose by 6.0 per cent in August 2014, compared to the 3.3 per cent decrease in the previous month, due to the increase in non-electronic NODX which outweighed the decline in electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Hong Kong, Japan and Thailand, rose in August 2014.
  • XPRESS Holdings warned its shareholders of a significant net loss for FY2014. The group added that this is mainly attributed to the recoverability issue relating to its receivables and impairment of goodwill.
  • Keppel Corporation announced that its subsidiary Keppel FELS has secured a fifth jack up contract from Qatar's Gulf Drilling International (GDI) for US$227 million, scheduled for delivery in the first quarter of 2016. As part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017.
  • Magnus Energy Group announced the resignation of its managing director Lim Kuan Yew, after six-and-a-half-years in this position at the company, to pursue personal ventures and businesses. The resignation takes effect on Sept 30.

 
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