singapore stock picks

Monday, November 24, 2014

Singapore Stock Signals: Technical Analysis Outlook 24th Nov

Market Review for STI:
Share prices opened higher today with the Straits Times Index up. Singapore shares struggled to hold on to their morning gains as investors seemed content to take profit and focus on markets in Hong Kong and China, where stocks were in greater demand as a surprise rate cut by the Chinese central bank fuelled hopes that companies would start to increase spending and investment. Market breadth has turned neutral from positive, with the Straits Times Index little changed at 3,344.57 at 12:30pm. The benchmark had risen to 3,356 earlier.

Market Updates

STI Day Performance
Open
3349.39
High
3356.27
Low
3339.53
Close
3340.53
Change(Points)
-4.79
% Change
-0.14
Volume
1456.0M
Rise
195
Fall
181
Unch
413
Market forecast for STI:
We may expect it to dip down in the next trading day as it is on its resistance level of 3350.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3330
3320
3310
3350
3365
3372
Technical Indicators:
RSI is at 62 and CCI is at 144.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
NOBLE.SG
1.24
2.06
OLAM INTL.SG
2.2
-1.79
CAPITALAND.SG
3.32
1.53
JARDINE C&C.SG
40.75
-0.95
ST ENGINEERING.SG
3.39
1.5
CITYDEV.SG
9.88
-0.9
GOLDEN AGRI-RES.SG
0.455
1.11
COMFORTDELGRO.SG
2.58
-0.77
SEMBCORP IND.SG
4.62
0.65
SINGTEL.SG
3.89
-0.77
Important Factor for today:-
  • Market update: sti is currently on its resistance i.e.3341. the bull is tired but still on top. it is not time to be aggressive buyer and all long positions must be protected with stops.
  • STI Mid Cap index gained +0.64% while the ftse st small cap index gained +0.83%. the top active stocks were sing tel (+0.51%), uob (+1.37%), dbs (+1.64%), keppel corp (+0.22%) and ocbc bank (+1.16%).
  • Singapore wants to be a smart nation in 10 years, making it one of the world's leading cities.
  • Singapore’s headline inflation eased more than expected in october, slowing to 0.1 per cent last month from 0.6 per cent in september. this marks a new low since december 2009.
  • Tehnics oil & gas limited is expected to report an operating net loss attributable to the equity holders of the company for q4 fy2014 and for fy2014 after taking into account the provision of impairment recommended by the auditors.
  • Pacific andes: announces 27.5% growth in net profit for fy2014.growth in gross profit and gross margin, mainly due to enlarged business. strong position to capitalise on robust global growth in aquaculture.
  • Forterra trust: US$300 million 3.98% 5-year loan from icbc to refinance the place.

Friday, November 21, 2014

SGX Singapore : STI Weekly Technical Analysis

Weekly wrap of STI:
Singapore stocks clawed back some of their losses from previous day, helped by a rebound in Japan, where investors are expecting Prime Minister Shinzo Abe to call for snap elections and announce a stimulus package for the economy, which slipped into recession in 3Q2014. Gains by the three local banks helped the Straits Times Index end in positive territory, even as most other Asian stock indexes pulled back. The STI rose 0.6% to 3,334.56. Singapore's Straits Times Index fell on Monday after non-oil export data set a negative tone to the days trading. The index closes 0.8% lower at 3,288.67, retreating from its highest level since mid-September. About 1.23 billion shares, valued at $1.03 billion, were traded. Interest in Singapore shares remains subdued as investors mull concerns of lower inflation expressed by the US Federal Reserve and data showing a slowdown in China's manufacturing sector in November. Singapore shares ended the morning session mostly higher, with banks among the key gainers. Live Signals
STRAIT TIMES WEEKLY WRAP
Open 3310.53
High 3347.42
Low 3285.6
Close 3345.32
Change (Points) 29.65
% Change +0.88%
 Market Forecast for week ahead:
STI is bullish from last six weeks and we may expect a correction next week. It may take support at the level of 3350 and can be bearish.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3330 3300 3280 3350 3370 3380
 Technical Indicators:
RSI is above the centre line and is at 59.80 CCI is at the level of 61.40
Macroeconomic factors:
  • SINGAPORE'S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics said on Thursday.The fall was largely due to the general wholesale trade industry, which recorded the largest decrease .
  • SINGAPORE is ranked only 16th in the world when it comes to talent competitiveness, due to its imbalance in optimising homegrown talent and attracting those from overseas.
  • The newly launched trading link between Shanghai and Hong Kong is a "positive catalyst" for the Singapore Exchange and could account for almost 9% of its FY2015 revenue, says Deutsche Bank.
  • STI market appears fully priced at 13.5 times forward earnings, close to one standard deviation above its seven-year average, said brokerage Maybank Kim Eng Research in a recent report.
  • The brokerage is "neutral" on the Singapore market with a 3,440-point Straits Times Index (STI) target in 2015, about 4 per cent higher from current levels.
  • THE Singapore Exchange (SGX) is launching five new petrochemical derivatives products in the next two months.
  • SINGAPORE has dropped six places when compared to its 2005 ranking in IMD's new annual World Talent Report, and is now in 16th place. It was ranked 17th last year. The ranking assesses a country's ability to develop, attract, and retain talent for companies that operate there.
  • Singapore's annual core inflation and headline consumer inflation in October probably held level against September, a seven-month low, a Reuters poll showed.
  • TELCO giants SingTel and Huawei are working together on the next generation of mobile broadband technologies.
  • ST Engineering has appointed several new senior management personnel to shore up its leadership team.
  • Gains in banks and SingTel drove the Straits Times Index higher in early trading.Since the recent release of their 3Q2014 results, which beat market expectations, DBS, OCBC and UOB have been widely recommended by analysts.
Sector Allocation Chart by Turnover
Sector Volume Values($) Rises Falls Unchanged
Properties 116,093,000 190,492,691 39 11 31
Multi-Industry 22,570,000 81,538,259 9 5 4
Construction 30,615,000 5,613,587 10 16 15
Commerce 89,836,831 46,341,462 24 21 56
Hotels/Restaurants 3,670,000 2,931,695 2 4 11
Transport/Storage/Communications 70,613,580 152,518,434 24 6 18
Finance 21,151,000 204,302,824 13 8 26
Manufacturing 187,621,650 115,287,948 67 34 154
Services 436,094,600 159,727,549 52 31 73
Agriculture 93,300,000 46,247,494 4 1 4
Mining 56,322,000 16,445,811 7 2 4
Electricity/Gas/Water 2,247,000 1,273,610 0 1 1
Shares in Foreign Currencies 27,768,510 66,722,163 17 11 123
Total 1,157,903,171 1,089,443,527 268 151 520

Thursday, November 20, 2014

SGX Stocks : Technical Analysis Review 20th Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 1.96 points to 3,336.52. Singapore shares are down slightly as investors ponder the Federal Reserve's concerns about lower inflation in the world's largest economy and new data showing a slowdown in China's manufacturing sector. Singapore shares may head lower in early trading in response to a slight pullback overnight on Wall Street, where concerns about possible deflation in the world's biggest economy weighed on investor sentiment. Live TRADING SIGNALS

STI Day Performance
Open
3337.50
High
3341.71
Low
3317.37
Close
3318.18
Change(Points)
-16.38
% Change
-0.49%
Volume
934.1M
Rise
134
Fall
232
Unch
423
Market forecast for STI:
STI today filled the previous gap and also is expected to move little lower and then may take support at the level of 3312.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3312
3300
3290
3350
3360
3370
Technical Indicators:
RSI is at 58 and CCI is at 99.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GENTING SING.SG
1.105
1.38
THAIBEV.SG
0.695
-3.47
JMH USD.SG
61.22
0.84
GOLDEN AGRI-RES.SG
0.45
-2.17
HONGKONGLAND USD.SG
6.99
0.58
JARDINE C&C.SG
40.97
-1.51
WILMAR INTL.SG
3.25
0.31
SEMBCORP MARINE.SG
3.31
-1.49
SPH.SG
4.33
0.23
ST ENGINEERING.SG
3.35
-1.47
Important Factor for today:-
  • SINGAPORE share prices opened higher on Thursday with the Straits Times Index up 1.96 points to 3,336.52.
  • The Singapore Productivity Centre (SPC) and DP Information Group (DP), released key findings on Thursday, from a sector-wide Retail and Food Services Productivity Benchmarking exercise held this year.
  • Asian markets mostly fell today after another round of weak manufacturing data underlined the slowdown in China's economy while minutes from the US Federal Reserve's latest meeting gave few hints about its plans for interest rates.
  • SINGAPORE'S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics Singapore said on Thursday.
  • Global Logistic Properties co-founder and deputy chairman Jeffrey Schwartz dies, aged 55.
  • The newly launched trading link between Shanghai and Hong Kong is a "positive catalyst" for the Singapore Exchange and could account for almost 9% of its FY2015 revenue, says Deutsche Bank.

Monday, November 17, 2014

Singapore Stock Market STI Review 17th Nov

Market Review for STI:
Share prices opened lower with the Straits Times Index down 4.82 points to 3,310.85.Asian markets mostly fell today with Tokyo tumbling almost two percent after data showed Japan's economy had slipped into recession, while Hong Kong and Shanghai were mixed on the first day of a landmark link-up between the two indexes. On a year-on-year basis, NODX declined by 1.5 per cent in October 2014, in contrast to the 0.9 per cent growth in the previous month, due to a decrease in both electronic and non-electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Thailand, South Korea, Taiwan, Japan, the EU 28 and China, declined in October 2014. Trading Signals for tomorrow

STI Day Performance
Open
3310.53
High
3314.23
Low
3285.60
Close
3288.67
Change(Points)
-27.00
% Change
-0.81%
Volume
1210.1M
Rise
131
Fall
302
Unch
352
Market forecast for STI:
As Singapore stock market consist of stocks from other countries also the effect of dip in Japan’s economy will result in dipping down of STI.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3280
3270
3260
3320
3330
3340
Technical Indicators:
RSI is at 54 and CCI is at 63.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
JMH USD.SG
60
1.01
THAIBEV.SG
0.715
-5.92
CITYDEV.SG
9.59
0.84
OLAM INTL.SG
2.16
-4
WILMAR INTL.SG
3.17
0.63
SEMBCORP MARINE.SG
3.38
-2.31
KEPPEL CORP.SG
9.16
0.33
GOLDEN AGRI-RES.SG
0.455
-2.15
JARDINE C&C.SG
40.63
0.32
DBS.SG
19.3
-2.08
Important Factor for today:-
  • STI are moving towards 3,350 which is a resistance. Current STI is at 3,315 points. The bull is tired but still on top. It is not time to be aggressive buyer and all long positions must be protected with stops.
  • OFFSHORE marine services firm Pacific Radiance announced a joint venture had won a long-term charter contract worth over US$140 million (S$181 million).
  • PROPERTY giant CapitaLand has entered into a 50-50 joint venture with a subsidiary of Indonesian real estate, auto and mining group Credo Group to develop an integrated development in Central Jakarta.
  • NON-OIL domestic exports last month were a tad higher than in September but they dipped 1.5% from a year ago. And the outlook doesn't look good, with leading indicator - non-oil retained imports of intermediate goods - falling from the previous month.
  • Linc Energy on Saturday afternoon reported net profit of A$106 million (S$120 million) from a A$40.9 million loss a year ago, for its first quarter ended Sept 30, 2014. This is primarily a result of the sale of the Carmichael Royalty Deed to the Adani Group.

Thursday, November 13, 2014

SGX : STI Technical Review 13th Nov

Market Review for STI:
Share prices opened higher with the Straits Times Index up 4.63 points to 3,288.34. Straits Times Index inches up; eyes on China data: The Straits Times Index was slightly higher, aided by gains in SingTel, which reported stronger earnings this morning. Shares ended higher with the Straits Times Index gaining 21.22 points to 3,304.93. 
Get Trading Signals FREE
FBMKLCI WEEK’s Performance
Open
3288.34
High
3313.89
Low
3285.08
Close
3304.93
Change(Points)
+21.22
% Change
+0.65%
Volume
1484.8M
Rise
204
Fall
178
Unch
403
Market forecast for STI:
After a sharp bullish move today we may expect STI to move to higher levels.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3280
3270
3260
3310
3320
3330
Technical Indicators:
RSI is 60 at and CCI is at 85.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
NOBLE.SG
1.25
4.17
COMFORTDELGRO.SG
2.61
-3.33
SEMBCORP IND.SG
4.65
2.42
ST ENGINEERING.SG
3.53
-2.22
DBS.SG
19.65
1.6
THAIBEV.SG
0.745
-1.32
CAPITAMALL TRUST.SG
1.97
1.55
GOLDEN AGRI-RES.SG
0.505
-0.98
SGX.SG
7.1
1.43
HPH TRUST USD.SG
0.68
-0.73
Important Factor for today:-
  • Pacific Radiance's 3Q2014 earnings up 24% on vessel sales,even as revenue declined on lower contributions from its subsea business.
  • Tritech Group stayed in the black in 3Q2014 despite more intense competition and higher operating expenses – thanks to a one-time investment gain.
  • KrisEnergy reported 3Q losses widened to US$10 million from US$3.5 million a year ago as a result of lower oil and gas prices.Revenue for 3Q2014 was US$18.2 million, a 33.4% increase from US$13.6 million in 3Q2013, thanks to higher sales of crude oil and gas at US$13.2 million and US$4.9 million respectively.
  • MAINBOARD-LISTED pawnbroker ValueMax Group saw its net profit attributable to shareholders fall 43.9 per cent year on year to S$1.69 million for the third quarter ended Sept 30, 2014.
  • ComfortDelGro posted a 5.3% rise in 3Q earnings of $80.8 million from $76.7 million a year ago on the back higher revenues. Earnings per share came in at 3.78 cents for the quarter.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms