China Economy Slowdown in Focus

Long Candidate: Guocoleisure

Guocoleisure breakout from its multi weeks consolidation on high volume, range from 0.795-0.775. More upside is expected. Target is 86.5c.

Weekly Wrap

For the week, Hang Seng lead rose the most in my below weekly indices performance table. It added 606 points or 2.8%, Shanghai added 0.9% to close at 2010 points, its 4th week consolidation around 2000 level. I think Shanghai index (SSE) is awaiting...any good news would easily let it rebound.

US market flat this week.

STI little change for the week, added 22 point or 0.7% to close at 3236, it hit week high of 3277( just above 50% fib level 3265) but unable to hold above it. Shall continue watch this level 3265 for more upside signs, for downside, its YEC is 3267.

China as Economy Power House Ended?

STI At Three Week High

Message from FB "Trader Kakis Group",

A quick review for yesterday. US+22, SSE+39@2043, HSI+499@21915. Shanghai and HangSeng buying up after China PM said will keep growth above 7%.

STI+19@3253 yesterday. Refer to chart below:
1. It crossed above all 3 MAs, which is bullish sign
2. Daily chart formed High high and high low on close yesterday, indicating uptrend.
3. MACD 4R1G and MACD line shows bullishness
4. STI at its 3 weeks high 3258 and is also beneath its previous resistance level.
5. its 50% fib level at 3265(0%@3465, 100%@3065),bullish bias if above it.

Continue mind the trend as trend is our friend. Watch price action( candlestick) at resistance level for early trend reversal.

Weekly Wrap

For the week, markets are relatively quiet, as shown in below table, top gainer is SPX added 0.7%; and bottom is SSE with 2.3% loss. SSE dropped 46 points close at 1992, just dipped below 2000 level.

STI lost 22 points or 0.7% close at 3213. It formed a red candle last week, after four consecutive green. I'm bullish as long it above 3190 and 3167 level( YEC). 

Friday Indicator

Message From FB:

Jul 19 Fri, stockwatch

Market was up on the positive expectation from bernanke. US added 78points last night.

Quick review for yesterday. HSI still trapped in its 6 day sideway consolidation session, SSE dipped below 4 day low, closed@ 2023, back to 2000 support level again. Nothing spectacular for STI as well. it trapped within Thursday range and formed a small doji candle.

As today is Friday, there are two level need to pay attention: 1) 3240.5 which is the week open, it will decide whether the weekly candle is green or red. 2)3236 which is last week close, it will decide this week up or down.

Stock to focus today:
Tat hong: likely bottoming out after 6 wks fall from 1.5 to current 1.2
SIA Engg
Hafary
Starhill

Sembmar Hit its Major Resistance

Sembmar(SMM) added 8c closed at 4.55 today. Rebound back to its major long term downtrend line--since 2011 historical high. It has never been violated so far. Refer to chart below:

 On the other hand, a closer look at its recent price action, it seems forming a double bottom formation( NOT yet confirm), if double bottom formation confirmed, the first target price is 4.83. To confirm, it needs to close above neckline 4.55 and also broke above its major downtrend line at 4.6.

Weekly Wrap

For the week, all my six indexes continue its rebound , it's an "all green" week. US markets are leading the rise, Nasdaq rose the most with 3.5% gain, while STI up 2.1%, HSI +2% and Shanghai rose 1.6%, close @2039 points, above its 2000 level. the weekly candles are bullish, indicating further upside move for coming week.

STI has three weekly green candles in a row, it closed at 3236 points for the week, firmly above its YEC level 3167 and also 2010 YEC 3190. I'm bullish as long 3167 YEC level can hold. Market is expected to move higher with next resistance at 3265 and 3312( both are 50% and 38.2% fib level for the recent correction).

SPH REIT

SPH REIT Quick Facts
Sponsor:                         Singapore Press Holdings
Sponsor stake post IPO:         70%, Free float 30%
REIT manager:                 SPH REIT Management
Leverage:                         27.3 - 31.3%
Revenue breakdown:         97% of gross retail rent linked to contracted base rent, 3% tied to retail sales
Yield Comparison with Industry Peers
SPH REIT's indicative yield stands at 5.58%-5.79%, which is largely in line with its retail S-REITs peers, as illustrated in the following chart:

STI Rebounded Strongly

(From FB Group)

Jul 12 Fri, stock watch

US closed another 169 pts higher last night. HSI and Shanghai rebounded strongly yesterday. Bulls are in charge now.

STI added 60points yesterday to close at 3248 yesterday. The 3 banks was bought up heavily. There are other good news from the US and China that pushed the move, but from TA perspective, when STI closed above Year-End-Close(YEC) 3067, the funds are "pressured" to buy in, otherwise they will be underperform the index.( the opposite if STI below YEC). The more the they buy, the higher index will go, until they feel it's "enough". How to know when they are "enough"? Look at the candles, and the possible Resistance level.

STI 50% fib level at 3265 and 61.8%@ 3312 for the whole move from high to low recent two months. Do watch the 50% level.

Dukang Breakout 52c, More Upside

After it hit high of 65c on Jun 7, Dukang has been in retracement mode since then, from 65c dropped to low of 45.5c on Jun 25. It then rebounded and consolidating in a tight range with 52 as resistance, it just breakout with high volume today, currently trading at 53c, indicating the end of its retracement and uptrend maybe resume.

Temasek Investment Portfolio

Temasek top 3 single company investment:

Singtel

China Construction Bank (CCB)

Standard Chartered

China Minsheng Bank

Hong Kong Banks and Gaming Stocks

I see value in Chinese banks as Shanghai index dropped to its new low since 2009, and Hang Seng dropped to its near 20000 level. Chinese banks dropped quite a lot due to recent cash squeeze. Good time to buy if SSE below 2000.

Below are some major banks H share and gaming stocks in HK market.

Weekly Wrap

For the week, all the indices rebounded after last month bloody drop. Nasdaq($COMP) gained the most at 2.2%, while HSI rebounded the least with 0.2% up. Note that SSE closed just above its 2000 level, and HSI holding just above its 20000 level. Looks market is not that bad, may continue rebound in coming week.


STI closed at3169, just above last year close 3167 level. Resistance is at 3230 and 3264.

Long Candidates

From FB Group:

 

Jul 2 Tue, stockwatch

US up 65 points last night. HK closed for holiday yesterday and will open today.

STI lost 9points yesterday. 3163 level is last week high, also its 20ma. bullish if mkt can cross above this level, otherwise downside move will continue.
...
Bullish stocks to watch:
Dukang
THBEV
Sinarmas
Sinograndness
Wing tai
GLP
cordlife
SGX
genting Sp

Gaming Stocks in Singapore and Macau

Below table is the performance of gaming stocks in Singapore and Macau.