Long Candidates

Below stocks poised to move higher:

Noble
Guocoleisure
ChipEngS
Sinamars
HPL
Tiongwoon
FalconEne

Straits Times Closed Highest Since 2010

STI index closed at 3313.03, its highest close since Nov 9th, 2010 which closed at 3313.61.

STI may move higher from here, after its two months long consolidation in the range of 3300-3250. Next target is 3250 for upside move.

It's Cyprus this Round, Next?

Long Candidate

Potential more upside move:

HPL
Wilmar
NOL
UE

Long Candidate: HPL

HPL breakout on high vol. target 3.77 by price projection. Friday closed at 3.2

Weekly Wrap

For the week, Shanghai index( SSE) gained 2.2%, the only green in my list below, the US market basically flat for the week, formed a top indecisive candlestick(weekly), STI and HSI lost 0.8% and 1.9% respectively.

on Friday, STI closed marginally below the 3300-3260 trading range for the past two months, lost 27.5 points at 3258.6, STI is seen still in sideway consolidation mode for now, next support level to watch is 3235, which is previous resistance turn support level.

Will Iskandar become Malaysia's Shenzhen? Really?

Iskandar in Johor recently getting hot, especially after the two PMs from both countries recently launched three projects in Johor.

Everything looks beautiful when I read all the reports, but after I saw the map of it, I'm really surprised. Wow...it's three times of Singapore, and two times of Hongkong. How many people do we need to support the growth there? and where are these people come from? Immigrants? hot topic again.

Bottom Fishing: SoundGlobal

From DBS Research Report today:

Sound Global was sold down after its weak 4Q12 results, CFO departure and the ensuing management shuffle. The stock is now trading at 9x FY13F PE or –1SD of its historical mean. It is the cheapest water stock in the region, trading at >40% discount to peers’ average of 15x PE. Our analyst has adjusted FY13/14F earnings by -5%/+12% respectively to conservatively phase out project recognition schedule. Maintain BUY, target price lowered to S$0.81 (Prev S$ 0.89), but there is still 62% potential upside. Surging interest expense and delayed execution are key risks; Sound Global’s depressed valuations could draw privatization interest, in our view.

SoundGlobal rebounding after hit its bottom support 49c, currently 52c, up 2c(10.35am)

Wanna Catch up China Market Rebound?

If you wanna catch up with the Chinese market rebound, consider buy Utd SSE 50 China ETF( sgx code: JK8, click HERE for more info), it tracks closely the Shanghai SSE index.

It closed at 1.77 yesterday.

STI Trapped in Between 3300-3260

STI spiked down below 3260 support and back to the trapped range again on Tue. Continue to watch 3300-3260 level to be breakout for clear up/down direction. Most of the stocks are in sideway action as well but I see some potential long setups for a rebound.

Biosensor
Wilmar
Ezra
ChinaMZ
Tat Hong

THBEV (Thai Beverage) as I posted last week(click HERE) poised to continue its upside move. It closed at 62c yesterday.

Broker House Stock Picks

Weekly Wrap

As I'm leaving town early tomorrow morning for my weekend and only be back late Sunday. Think I will just go ahead with the weekly wrap without the US index, as I'm writing now(11.47pm), DJI -26 pts at 14512and SPX -2pts at 1561. This week until now, the DJI gained for a total 113 pts.

It's a red sea for Asian markets this week. STI dropped 0.1% and HSI lost 2.4%.
STI has been trapped within the range 3300-3260 for seven weeks, with spike through in between but closed within the range.

Thai Beverage(THBEV) in STI Effect on Mar 18

Thai Beverage join the STI will take effect on Monday Mar 18, to replace IHH healthcare.


New STI index stocks:

CapitaLand Ltd
Noble Group Ltd
CapitaMall Trust
Olam International Ltd
CapitaMalls Asia Ltd
Oversea-Chinese Banking Corp Ltd
City Developments Ltd
SembCorp Industries Ltd
ComfortDelgro Corp Ltd
SembCorp Marine Ltd
DBS Group Holdings Ltd
SIA Engineering Co Ltd
Fraser and Neave Ltd
Singapore Airlines Ltd
Genting Singapore PLC
Singapore Exchange Ltd
Global Logistic Properties Ltd
Singapore Press Holdings Ltd
Golden Agri-Resources Ltd
Singapore Technologies Engineering Ltd
Hongkong Land Holdings Ltd
Singapore Telecommunications Ltd
Jardine Cycle & Carriage Ltd
Starhub Ltd
Jardine Matheson Holdings Ltd
Thai Beverage PCL
Jardine Strategic Holdings Ltd
United Overseas Bank Ltd
Keppel Corp Ltd
Wilmar International Ltd

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Hutchison Port Holdings Trust, Keppel Land, Ascendas Real Estate Investment Trust, UOL Group and CapitaCommercial Trust. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review. (from SGX website)

Nice Song from Linda Ronstadt

Singapore Banks Hit Multi Year High(Resistance)

Among the three banks, DBS and UOB hit their multi-year high(also major resistance), while OCBC registered historical high today.

Today: DBS  high 15.73, UOB high19.99, OCBC10.45.

Friday Indicator

STI still trapped within the range 3300-3260, with spike up and downs for six times for the past 1.5 months. In this kind of mkt, majority of the breakout would fail and we can see lots of false breakout and whipsaws. The effective strategy would be buy at support and sell and Resistance.


As for this week, STI did spiked up and registered week high of 3317.42 and then fell back within the range again. Do monitor the levels, if STI can close above 3295 tmr, then we will have a green candle for the week.

Is US Stocks Inflated Now?

YOMA Break Down

YOMA broke its uptrend line support and MA support, poised for more downside.

THBEV: Thai Beverage

THBEV breakout on high vol on Friday. On good news it will be included into STI index, to replace IHH.

STI Resisted by 3300-3307

Weekly Wrap

Hello. I'm rather inactive last week as STI basically in a range trading, rather doring despite bullish run in the US and HK. STI stucked in between 3300-3260 range. We should have clearer direction for either side breakout( up or down). 3300 -3307 is rather major resistance level.

Below is the indexes performance for the week.

Stock Watch

The US mkt very bullish now, DJI +96@ 14223 as I'm writing now. its ALL-TIME HIGH. its historical high 14198.1 has been over taken today. It's just phenomenal. and SPX another 40pts to reach historical high 1576. 10.54pm.


Screened out below stocks for tmr:

Tianjin $us
FrasersCT
Starhill
UtdEnvironTech
Rowsley
Asiasons
Ezion

Weekly/Monthly Wrap

Feb just ended, I have tabulated major indexes Feb performance below, the US three indexes are positive and Asian three indexes i.e HSI, SSE and STI are negative. A quite a clear picture that investors are still like to invest in the state.

For the week, Friday is first day of Mar, SSE and HSI actually rebounded alot but not for STI, it's the only index in red...

Below is the foret picture for STI, it has been resisted by 100% @ 3307 level for the past four weeks, my immediate support is 3260, next support level would be 3200 if 3260 broken down.