Stocks to Watch

Stocks to watch for coming week:

For Singapore market, oil and offshore sector very bullish last week. some of the stocks in focus:

Vard
YZJ
EMS
Mirach
Tritech
OKH
Ossia
Centurion
UE E&C
M1

HK stocks in focus:

Gaming:
2282.HK MGM China

Bank:
2356.HK Dah Sing Bank
1988. HK Ming Sheng Bank

Teleco:
0215.HK Hutchison Teleco
0633.HK China All Access

Hotel:
2006.HK Shanghai Jin Jiang

Weekly Wrap

In the first week of Sep, world major indices rebounded after a down month of Aug. Stocks rose for the week for indices I monitored in below table, HSI being the most bullish market with 4.1% gain, while STI added 0.6% or 19.41 points, is the least gainer.

STI rebounded a bit last week, closed at 3048. The market was cautious to further downside, bullish momentum was weak. The index was supported by 3000 level so far. I will be more bullish if the index can cross above 3065 in coming week, more bearish if it dropped below 3000.

STI weekly Chart

HSI added 889.8 or 4.1% last week, closed at 22621.2, just beneath last year end close 22657 level. The weekly candlestick looks very bullish. 

HSI weekly chart:

Vard Rebound

Vard rebounding from its consolidation today, breaking out from resistance 90c, at 93.5c now. target is its prior gap down at 99.5 to 1.08c.

Oil and offshore stocks in play today: Vard, YZJ, Rex, Mirach, Sembmar, Kepcorp, Sembcorp all on the move up.

YZJ breakout, more upside

Yangzijiang breaking out resistance 97c today from its 6 weeks consolidation range to upside, with high vol. more upside is expected. current price at 99c. 10.09am

Weekly/ monthly Wrap

Weekly Index performance

Monthly index performance:

 STI immediate support 3000, then 2950. The weekly candlestick looks bearish.

--defensive:

Singtel

Starhub
M1
Singpost
SIA Engg
ST Engg
SATS

--high yield:

NeraTel
SPH REITs

--uptrend:

Ossia
Cordlife
UE E&C

STI Selling Off to 3000 level

STI down 34.6 point at 2999.42 now(10.44am)

1. STI already broke new yearly low yesterday and stocks selling off fast.
2. US mkt lost 170pts last night, 4th week in selling off;
3. the sell-off is nothing but on
1) Worry the Fed will cut stimulus plan in Sep, which means Economy is improving
2) US may start war against Syria 

 In conclusion, I think the sell off is an opportunity to buy those "valued" stocks.

STI level to watch today: 3008-2930

Stocks at major support level:
OCBC @9.85
Singtel @3.45
GLP @2.65
Kepland @3.3

Weekly Wrap

It's a ugly big red candle for STI, very bearish. STI dropped the most 108.7points or 3.4% down, in the 6 indices I've been monitoring.

The tapering measure by Fed seems not much affected US markets but the Asian markets, money seen continue out-flowing. STI hit new yearly low and closed new yearly low as well. Refer to below STI chart, it spiked down below its major uptrend line, I would like to see a rebounce to above the line in coming week, further downside if it can't make it.

STI and High Dividend Yield Stocks

STI dropped another 24 points yesterday, after it broke 3200 support last week. It closed at 3173, just 6 points above its 2012YEC 3167. STI will be outperform last year if above this level, or underperform if below this level.

As market drop, the lower the stock price, the higher will be its dividend yield, thus make those dividend yield focused stocks more attractive now. below are the latest high yield stocks as reported by SGX my gateway:

For full report please click: "Singapore's 10 highest yielding mid-cap stocks".