Weekly Wrap

It's a shortened week as many markets celebrated Christmas holiday. For the week, STI had 2.3% or 74 point gain on top of the list below. Other markets are also in green, we are into year-end window dressing period now.

DJI and SPX hit record high, STI crossed 18000 level for the first time in history. Marvelous.

 Still look good on China market, Shanghai index approaching its technical resistance level, it may consolidate in short run to give bulls a breath before run up again.

 STI closed at 3353.68, just beneath its resistance level 3360. The weekly candle is very bullish. Market may be dressed up for year end in coming week. Index stocks such as the banks DBS, OCBC, UOB, other counter SIA, kepcorp are in focus.

Merry Xmas

Dear Readers, Wish you Merry Christmas and Happy Holiday.

Weekly Wrap

Weekly Index performance as below table. Shanghai continue outperform all major indices with 5.8% gain for the week. It stood firmly above 3000 level now. Expected to go up further.

The US markets had a amazing U turn in past two weeks, with SPX and DJI had weekly gain of 3.4% and 3% respectively. 

HSI and SSE was sell-off initially and recovered then, but still in net loss for the week.

Crude oil rebounded for more than 6% on Friday to $58/barrel, but it's too early to confirm a bottom is seen.

HSI lost more than 850 points over past two weeks, it hit major ascending line support and rebounded there this week, expected HSI to continue rebound in coming week. 

 SSE weekly candle very bullish, every retracement will be a buy opportunity. The market is very bullish.

STI had a super long tail on its weekly chart. The weekly candle still bearish with immediate major resistance at 3360. and major support at 3167.

BYD: Sell-Off Storm

BYD (1211.HK) had its massive sell-off today, its stock listed in HK once dropped more than 40% to 18.7 HKD and recovered to 25 at close. Its Shanghai listing triggered 10% maximum loss limit.

However, company claimed business as usual and said the sell-off is for no reason. Market speculated the sell-off possible due to series of trading stop loss triggered. Good time to pick up?

Asia REITs Valuation

Asia Reit peers comparison table.
(Click to enlarge)

Weekly Wrap

For the week, Dow Jones Index(DJI) had its biggest weekly loss since 2011, dived 678 points or 3.8% to 17280, as crude oil price dropped more than 10% for past week.

The "Fear Index" VIX surged 77% to 21.08 for the week. Crude oil price dropped below 60 this week.

 DJI weekly chart. Next major support level is 16900 level which is its 50% fibonacci level.

 Crude Oil weekly chart

STI weekly chart. STI hit major resistance 3360 two weeks ago then retraced. next support 3250 if it continue drop.

HSI weekly chart. HSI looks very weak as well. It just dropped below its YEC 23306 this week, immediate support will be the ascending line support level at 22900, if it continue fall.

 S&P 500 weekly. Major support is 1950, which is its 50% fibo.

 Shanghai SSE weekly. SSE tested 3000 level this week and formed a weekly toppish candlestick at resistance, it may hovering around 3000 level or retrace due to profit taking.

All Focus on A shares and H shares

HK stocks(H share) and Shanghai stock(A share) price difference become bigger and bigger after recent A share soaring, the H shares aren't following up actually. So the next thing i expected is the H share will be next to catch up. Same comapny if H share is cheaper than A share, which one will you buy? Money will always flow to where it got better opportunities. 
Table for Financial sector hot stocks A/H ratio:

 HK listed broker houses:

 AH banks PE and PB ratio:

Weekly Wrap

Shanghai index has been up for about 30% in past three weeks. Marvelous move. whereas STI has been underperformed obviously. Major indexes weekly performance as in below table.

 Follow SSE index, iShare A50 ETF in hongkong (2823.HK) and United SSE 50 China ETF (JK8) in Singapore outperformed as well.

HSI weekly chart, poised for more upside move, after six weeks consolidation in a narrow range. It may test 25000 level again.

 SSE broken its major downtrend line and turned to upside on super high vol. Further upside move is expected.

 STI on the other hand, hit 3350 resistance and retraced. The three banks and SIA has been lifted up the index.

Long Candidates HK Stocks

Citic 267.HK

1788.HK so far have fullfilled all the textbook fibonacci levels. Next level is 423% at 8.3, let's see can it go there.

Capture on the Rise of China Stocks

iShare FTSE A50 （2823.HK) tracks China's top 50 blue chips listing in China mainland. It has broken up its multi-year downtrend on super high volume, which indicating further rebound afterwards. Buy on retracement.

Weekly/Monthly Wrap

For the week, Shanghai Stock Index (SSE) had its biggest advance in four years. It gained 7.88% or 196points weekly, its seven consecutive monthly gain as well.

 It's a remarkable rally for China stocks on Friday 28 Nov 2014, the A shares trading in Shanghai stock exchange and Shenzhen Stock Exchange had a combined trading value for 710.5 billion RMB or 115.9 billion USD in a single day, China surpassed USA 99.5 billion USD record on 26 Jul 2007. Become the single best trading day in human life.

Hongkong tracks China with 2.3% gain in the week.

Oil price drop has sent transportation stocks new highs as a low oil price means lower cost for them. Stocks such as SIA hit new high.

 Massive funds seen flow into the SSE with super high volume. SSE is in its 7th consecutive monthly gain.

Monthly index performance as follow. For the month of Nov, SSE gained the most with 10.9% on the top of the list. HSI is the only red index lost 10 points.

Other indexes gained from 3.5% to 2.3%. SSE is on its 7th consecutive month gain.

STI Index Stocks Pick

Weekly Wrap

Weekly indexes performance as follow:

HSI lost 2.7% for the week, retraced to just above its YEC 23306 level--which is the immeaidte support to watch for coming week. Expected to rebound from here.

 STI had a bullish candlestick for the week, immediate resistance 3350. More upside is expected.

ST Engineering Hit Support 3.35

STI Engineering retraced to its fib level yesterday, might be a techincal support level at 3.35 which is 38.2%.

Few Bullish Setup

Shanghai-HongKong Connect Focus List:

17/11 Mon, stockwatch

It's a big day today for the Shanghai-Hongkong markets. The Connect(沪港通）finally will be start today. Maybank Kim Eng client can trade Shanghai stock at ketrade online. Go to trade--> Quote-->from the markets drop-down list, select SH-HK, then key in stock code in the search box.

H shares: 

1、港交所(00388)

2、长城汽车(02333)

3、友邦保险(01299)

4、第一拖拉机(00038)

5、腾讯(00700)

A Shares:

1、上海汽车(沪:600104)

2、贵州茅台(沪:600519)

3、宝钢(沪:600019)

4、青岛海尔(沪:600690)

5、大秦铁路(沪:601006)

Stock top list for A Shares and H shares:
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Infra and Railways construction:
中材国际（600970，收盘价10.25元）、
中国建筑（601668，收盘价4.00元）
中国中铁(601390.SH)
中国铁建(601186.SH)
----------------------------------------------------------------
医药板块 Pharmacy:
天士力 600535.SH
恒瑞医药600276.SH
片仔癀600436.SH
同仁堂600085.SH
白云山600332.SH
威高股份01066.HK
-----------------------------------------------------------------
券商板块 Broker houses:
中信证券（600030，收盘价15.38元）

Guotai Junan (01788.HK)
----------------------------------------------------------
低估值蓝筹:
上汽集团（600104，收盘价18.87元）
青岛海尔600690.SH
-----------------------------------------------------
AH股折价较深个股:
海螺水泥（10.77%）、600585.SH
青岛啤酒（10.22%）、600600.SH
中国太保（9.14%）、601601.SH
招商银行（8.87%）600036.SH
-----------------------------------------------------
特色股板块:
贵州茅台 （600519，收盘价157.29元）
伊利股份（600887，收盘价25.48元）
中国国旅 （601888，收盘价37.90元）
中航科工（02357，HK）
航空动力（600893，收盘价27.07元）
腾讯控股（00700，HK）
金山软件（03888，HK）
金沙中国 （01928，HK）
银河娱乐（00027，HK）
美高梅中国（02282，HK）
永利澳门（01128，HK）

Weekly Wrap

For the week, Shanghai and Hongseng indexes gained the most, buoyant by the announcement Shanghai-Hongkong Connect will be kicked start on coming Mon, Nov 17, finally. SSE hit multi-year high this week at 2508.623, crossed 2500 level for the first time since Nov 2011. The weekly candlestick looks bullish, all ready for coming strong move.

HSI on the other hand, may test 25000 level again in coming weeks.

The US three indexes continued up marginally.

STI gained 29 points closed at 3315 for the week. Have held well above 3300 mark so far. The weekly candlestick looks bullish. It may rebound further with immediate target at 3350.

Singapore Developer Valuation