Long Candidates

Stock watch for coming week:

Singapore REIT sector remain favorite to investors, below REITs are in focus:
Cache
CMA
CapitaRchina
FirstREIT
KepREIT
ARA

Capitaland:
Just reported good earning result on Friday(after market close), more upside to my initial call.

ComfortDelgo:

Just breakout from its consolidation

ISDN:

Weekly Wrap

For the week, STI finally broke out of its more than 2.5 months trading range, finally!!! Please take a look at below self explanation chart yourself:

Malaysia General Election May 5, 2013

Breakout Play: Capitaland

STI finally breakout from its almost three months consolidation 3300-3260 range. It closed at 3337.71 yesterday.  More upside is expected.

 Capitaland: It dropped down from Feb peak about 4.0 to 3.5, then has been consolidating in the range from 3.44-3.58 for more than one month. Breakoing out upside from the range today. More upside.

Gaming/Casino Stocks: Genting Sp

Genting sp +4.5c @1.47( 11.25am), congratulation to those who bought. Data in below table shows Genting sp compares to its other peers. Fundamental numbers.
(click to enlarge)

You Will Get What You See

Genting Sp: Rebounded from its major support and 200ma yesterday. More upside.

 Keppel REIT: nice uptrend with accumulation volume. more upside.

You will NOT get what you see unless you take appropriate action.

Long Candidate

Long Candidates for coming week:

Ascendars Htrust
Cambridge
CapitaRChina
Comfort
Ezra
Ho Bee
SaizenREIT
Tat Hong
Yanlord
Wingtai

Weekly Wrap

For the week, the six major indexes all are red except Shanghai Index, SSE had biggest gain in the month yesterday, up 47 or 2.1%. Bring the whole week up 38 points or 1.7%. SSE index posied for rebound in coming week, the retracement over past 2.5 month with 50% correction may end.

Hangseng had biggest gain since Jan as well. Rose 500 points or 2.3% on Friday, recovered most of its loss this week, ended slightly down 75 points or 0.3%.

The three US major indexes posted a big reversal week, all erased previous week gain, with each lost more than 2%.

Local index STI is still sleeping, not much change. Continue watch 3300-3260 trading range for clearer direction (up or down) in coming week.

Case Study: DuKang update

Case Study:  Symetric Triangle Chart Formation Breakout
Stock: Dukang

Dukang surged 20% to closed at 41c in past two days. A classic textbook example for chart formation breakout. It's so difficult to have this kind of gems in current market situation, given that the STI index has been sideway for 12 weeks already.

Stage 1: Sep 14, 2012-- Oct 23, 2012, Initial up run. the stock rose 50% to 35c.
Stage 2: Oct 24, 2012 -- Apr 17, 2013, consolidation stage. with resistance at 35c.
Stage 3: Apr 18, 2013-- current, resume up run, has risen 20% so far, target is at least 44c based on chart formation projection.

Dukang In Consolidation

Dukang: potential long candidate if it breakout from its long term consolidation since last Nov. Target price is 44c IF breakout 35c resistance. it's +1c@35c now(2pm). Its volume confirmed it's under accumulation process now.

Long Candidates

I have picked two potential upside move stocks under two different buy technique:

1. Breakout Play: AscottREIT, closed at 1.445 today. It broke above its major resistance (since mar 2008) 1.415 with high volume today. Plenty of room to upside.

2.  Bottom fishing play: Bumitama, closed at 1.015 today. It's major 50% fib level at 1.02( with reference to all high to low). It also at its major classical support line 1.015. Plenty of room to upside too.

Gold and Silver Plunged

Weekly Wrap

For the week, the US three major indexes all gained more than 2% and hit all time high again( for DJI and SPX), Asian three major indexes are relatively weaker. The shanghai index slid about 9.5% its last two month high, HSI dropped about 8% from its last two month high.

Interestingly, STI basically stayed flat in the past two months, we are kind of indecisive to follow US or HSI and SSE. From Technical Analysis perspective, SSE has dropped to its 50% fib level @2197( the period from Dec 2012 bottom to this yr high), whereas HSI rebounded last week. It could provide us more steam if HSI and SSE were to rebound. That would put all indexes "in line".

For coming week, continue watch STI trading range 3300-3260, close beyond this range( up or down) could give us clearer direction.

China Minzhong and Sinograndness...Which One?

It's interesting to compare the two S-chips which in the same sector now:

China Minzhong and Sinograndness

As for today Apr 11, Chinaminzhong closed at 1.13 and Sinograndness closed at 1.19.
Sinograndness price seen surge by 21.4%  over last three days, and China Minzhong only added 7% in the same period. From fundamental perspective, China minzhong obviously much more attractive now if Sinograndness price was "rational":

Minzhong P/E 4.2 vs. Sinograndness 5.5;
Minzhong EPS 1.34 vs. Sinogranness 1.09;
Minzhong P/B 0.8 vs. Sinograndness 1.9.

But from Technical Anlaysis perspective, Sinograndness chart is obviously "nicer"  than minzhong. Let see if minzhong can catch up or Sinograndness back to "norm"?

Long Candidates

Starhill: Breakout on super high vol
Saizenreit
SGX

Weekly Wrap

For the week, all six indexes which I monitored are in red. DJI lost the least 0.1% and HSI was the the worst with 572 points or 2.6% down.



STI dipped below 3300 on close, after it spiked to as high of 3331.26 on Wed. The bearish HSI and China bird flu H7N9 spread made market jittery. It seems 3300 resistance is very strong for the index to cross above. If it can't cross above it, then another two options: sideway or drop. We should be cautious on long positions now. The immidiate support is at 3260.

Another important even for this week, Japan's move to follow Fed on monetary stimulus pushed Tokyo stocks higher. (click HERE for report).

USD/JPY on the strong uptrend.

SaizenREIT

The Japan focus Reit has a gross dividend yield of 6.84% ( data from Bloomberg). It closed at 19.3c yesterday. Breakout. More upside is expected.

SG Consumer Related Stocks

Research Report:

SG Consumers: OSK DMG note that amidst weaker consumer confidence and lacklustre results, Singapore consumer counters have risen 12% YTD, beating the STI’s 5% gain. House expect earnings growth to ease to 7% in FY13, which may cap any further price upside.

FJ Benjamin underperformed its peers as its share price has retreated by 14% YTD. The stock is now trading at 1.1x forward P/B, near the bottom of its band since 2010 (3-year low and high: 1.0-1.9x P/E; 2009 crisis: 0.4x P/B). The coy saw profits slide 72% to $1.3m in 2QFY13 owing to softer timepiece sales due to fewer purchases by the Chinese in China and Hong Kong. Nonetheless, the sales decline in its North Asia market appears to have bottomed as management is starting to see a pick-up.

Just as undemanding in terms of valuation is OSIM (BUY, TP $2.22), which is trading at a 15x FY13 P/E. OSIM remains house Top Pick.

Singapore consumer related stocks are:

SPH
Olam
SuperGroup
Osim
Parkson
Sheng Siong
Food Empire
Eu Yan Sang
FJ Ben
HTL

On the Table Today: Sheng Siong, Ezra

STI gained 10points yesterday, closed at 3317. The DJI rose 89 points last night could give upbeat to local market today. What's on the table today:

Sheng Siong
Ezra
CapitaRchina
Perennial CRT

刘明康：QE引通胀， 金融危机3年内再现

Weekly/Monthly Wrap

Last week, STI gained 49.5 points or 1.5%, closed at 3308.1 --- best performer among the six major indexes I'm monitoring, Shanghai index(SSE) was the worst performer which lost 91.7 points or 3.9% last week, worried about China property curb measures.

In the big picture, STI last week close was the highest weekly close since Jan 4, 2008. It has been trading in the range 3300-3260 most of the time for the past two months, hitting 100% fib resistance level 3307 now. The index still could move higher only when it closed above this level.

Below table is the monthly performance for major indexes. For the month of Mar, DJI gained the most, up 3.7%, Shanghai was the worst performer with 5.5% lost. STI gained 1.2%.

Long Candidate

Hello everyone. Still in tuning after my long weekend in overseas. Will post monthly and weekly market outlook in next post.  These two stocks are in my radar after a quick market screen.

Noble and LKH