Jul[4] - Property Sector Highlights

On last Thursday, a 5% increase in stamp duty was announced on some home buyers who is going to buy second or more properties. The change in policy came alongside tighter housing loans by Singapore's bid to keep price increase in line with economics fundamentals. Most of properties suffered heavy punch in shares price immediately on following day. A quick highlight on valuation of some major properties counters was shared below:

Generally most counters were trading > 20% lower than its 52 weeks high. Only Ho Bee Land slightly above its 52 weeks low. Recent acquisition of Ropemaker Place in UK could enhance its recurring EBIT by 39%. Bukit Sembawang and Wheelock are the only two close to zero debt. Former actually giving highest dividend at 6%, but with most exposure to SG residential market. Latter has more development projects in China. Capitaland has substantially sold off residential projects in SG. Underpinned by growing earning from commercial portfolio across the region, current dividend yield ~ 4% looks undemanding.

Jul[3] - Market Updates

Crude Oil:   
Following US sanction on oil import from Iran and surprising depletion in its domestic inventory on week before, crude oil has been rally ~ 20% for past two weeks. Few bearish factors could be expected, such as rising production from OPEC and Russia. Tariff war between US and China could restrict import from China as well. Trader could position from following ETFs for consolidation movement of oil price.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Jul[2] - Institute's Top BUY

The counter has been gathering strong interest from institutes fund. It top the buying list from mid May till last week, which translates to price zone ~ 1.22 as below chart. Higher low formation was seen. It might worth some attention for such accumulation activity.

Jul[1] - Market Updates

Singapore:   
STI broke its 2018 support last week. Trend look bearish for now but bull might not lose its battle yet. Next support would be ~ 3188 which was formed since 2017 April. 3342 shall become immediate resistant. On coming weeks, market would shift attention to latest earning reports from respective counters.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Jun[8] - Rebounding Counters

In tandem with overall market sell down, the following counters have been falling in price heavily but somehow they showed sign of hitting support or rebounding on last trading days.

<Capitaland> A hammer was seen when the counter down > 10% from its peak on last May. Current price represent >20% discount from its net tangible asset value. Further sell down shall be interpreted as more value to be hunted.

<M1> Significant buying volume on M1 could signal its downfall hitting some support for now. Market has been worrying over earning prospect of three local Telcos. During latest investor day Q&A, Singtel actually mentioned local market couldn't accommodate four telcos, so potential consolidation might take place.

<QAF> The producer of famous brand "Gardenia" has been facing severe challenge on its major business segment, primary production. Rivalea (its subsidiary, running pork production in Australia) is badly hit by oversupply in pork industry. Incidents like calling off of IPO plan, ammonia leakage in warehouse added more pressure to it. Looking at chart, price rebounded twice from 0.95 which is its net assets value. Considering its strong balance sheet, and potential business yet to announce, it deserve a place in watch-list for current price.

Jun[7] - Market Updates

US:   
DOW Jones has been swinging between 23340 to 25770 since last February. Shall 23340 baseline withhold, the downtrend is yet to come. 2Q earning will kick on week after next. It could draw more attention from market soon.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Jun[6] - Yield Hunt (STI Constituents)

SGX has undemanding valuation than its global peers. Its defensive business nature and deep pocket could protect itself well in volatile market condition as proven bearish cycle. Thus its weakening price period shall be interpreted as buying chance.

Telcos have been suffering in intensifying price competition in local market. Trading price is under severe winter as well. Singtel was singled out for consideration, mainly for its diversifying business. There is not single segment contributing more than 10% earning of the group. Its shares could be treated as "semi-bond" type for consistent dividend payout.

Jun[5] - Market Updates

Singapore:   
STI plunged ~ 2% last week. Down pressure accelerated upon FOMC hinted 1 more rate hike than early forecast for the year. STI shall test 2018 support 3340 on coming week. Shall it be broken, 3200 would be 2017 support. Support used to be breached easily in severe downtrend, which could present buying opportunity. Long term investors could consider STI ETF for their portfolio. Dividend yield is close to 3% for current price.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Jun[4] - Small but Strong

The following counters were shortlisted because their earning prospect looks good, and might not yet reflect in share price. Financial wise, they are strong in cash position: <Automation Industry> ISDN, <Gold Miner> CNMC, <Coal Miner> Golden Energy

ISDN shows steady track record

CNMC shall benefit from higher gold price year to date on 2018

Golden Energy saw its coal production ramping up across the years.

Jun[3] - Market Updates

USA:   
While DOW Jones and S&P500 are slowly recovering from lost ground since its historical peak, NASDAQ has hit its all time high last week. Strong performance among technology counters provided support to overall US market. Price retreated immediately from its peak for last two trading days. Some correction could be on the way. Traders could position with ETF below:

NASDAQ stock code: SQQQ (reverse ETF for bearish view on NASDAQ)                              

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Jun[2] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> Banyan, Dutech, Golden Energy, Jumbo, Mermaid Maritime, SATS and Spackman

Jun[1] - Market Updates

Singapore:   
STI moves in downward trend for the past month. Looking at longer time frame like 6 to 8 months, it has been actually moving within 3340 to 3627 for the year. This translates to STI ETF range from 3.35 to 3.66, with dividend yield ~ 2.7 to 3% as chart below. Mid to long term investors could actually accumulate on dip from the STI ETF, which provides an opportunity for passive income as well as short term capital gain from market spike.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

May[8] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> Asian Pay TV Trust (APTT), ISDN, Netlink Trust, Noble, SIA, Silverlake Axis, Singtel, Vallianz

May[7] - Market Updates

Crude Oil:   
Oil price plunged from its 3 years peak on last trading day. Few negative factors such as OPEC and Russia signaled potential rising in supply as well as rising production from US Shales. Next week, price could test support ~ 63 which saw triple top break up around last April. Regional conflict and Iran sanction might provide support to the downfall. Saudi Aramco listing might be one reason why Saudi shall be committed to keep production in check. Since oil price has been rally more than 1 month, the downfall could price could present trading opportunity.

Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

May[6] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> ComfortDelgro (CFD), CityDev, CNMC, Genting Sing, Golden Agri, SIA Eng, Singpost, ST Eng, ThaiBev, UMS, Wheelock and Wilmar

May[5] - Market Updates

Gold:   
Recent bull run of US Dollar has been pressing down on Gold price. Looking price trend of Gold since 2016, it has been forming higher low formation. Shall such formation holds, recent downfall might present trading opportunity.

Gold ETF (NYSE: IAU)

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

May[4] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> Bumitama, Centurion, China Aviation Oil, CSE Global, Falcon Energy, Halcyon, Hatten Land, Health Management International (HMI), Hyflux, OCBC, Perennial, QAF, United Engineers
<REIT> Frasers Logistics & Industrial Trust (FLT)

May[3] - Market Updates

US:   
S&P500 has broken up from the descending triangular consolidation zone last week, with next resistance ~ 2800. As movement finally changed from the lower high formation seen over past four months, confident could be back to market again.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

May[2] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> Capitaland (CAP), DBS, Japfa, Raffles Medical, Sembco Ind, Sheng Siong, Starhub, UOB
<REIT> Manulife US REIT, OUE HTrust

May[1] - Market Updates

US:   
S&P500 has been range bouncing within a triangle consolidation zone since early Feb. Lower high formation was seen so far. Last trading day saw price upward swing which resided just beneath the falling ceiling of the consolidation zone. Coming days shall see whether the zone would be broken up or down.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Apr[10] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> AEM,  China Jinjiang, Declout, Duty Free, Semb Marine, Talkmed, Yangzijiang
<REIT> Ascendas REIT, Cache Logistics Trust, Capital Commercial Trust (CCT), Frasers Hospitality Trust (FHT), Mapletree Greater China Commercial Trust (MGCCT), Mapletree Industrial Trust (MIT), Mapletree Logistics Trust (MLT), Starhill Global REIT (SGREIT)
 

Apr[9] - Market Updates

Singapore:   
STI has been hovering around its 2018 peak ~ 3609 last week. Few issues were overwhelming market meanwhile, such as flattening yield curve in US, confident shaken in Tech stocks, etc. Next week we are entering May, which used to be a SELL month. FOMC falls on next week as well. Investors are encouraged to take profit and position on undervalued stocks continuously along the journey. As volatility is getting higher in US, more opportunity could present.

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Apr[8] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided: 
<Companies> M1, Keppel Co, Keppel T&T, SGX, 
<REIT> Capitamall Trust (CMT), Frasers Commercial Trust (FCOT), First REIT, Keppel DC REIT, Soilbuild REIT

Apr[7] - Market Updates

US:   
S&P 500 has been moving within a triangle zone as below. Last two trading days saw it retreating from upper falling ceiling. Support could be ~ 2570. Shall it be broken, more downside could be seen. The index usually indicate broader market performance due to its market value weighted nature (DOW Jones is price-weighted).
https://www.investopedia.com/ask/answers/difference-between-dow-jones-industrial-average-and-sp-500/

Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Apr[6] - Financial Highlights

The following counters released respective latest financial results last week. A summary is provided:
SPH, HPH Trust (HPHT), SPH REIT

Apr[5] - Market Updates

Singapore:   
STI has been moving in the triangle consolidation zone since late January. Last trading day saw the price closed at the upper ceiling. Shall price move higher than 3503, market could enter new rally mode.

 
Market Calendar on coming week:   
(SG: Singapore; CH: China; US: USA). 

Apr[4] - Potential Earning Swing

Local banks (DBS, OCBC, UOB) have been showing stellar earning from last quarters. Rising interest rate ahead could be continuing earning catalyst to them as well. ThaiBev has been plunging in share price upon announcement of acquisition. Coming quarter will examine actual contribution from new acquisition. Recent price movement tends to seek support ~ 0.78.