Archive for April, 2014

Market Review for STI:
Singapore Stock opened higher today where STI was up by 11.61 points to 3249.35 as it was a gap up opening after yesterday’s gap down opening. STI took the up move later and made a high of 3267.83 and gave closing at 3264.71.

STI Day Performance
Open 3249.35
High 3267.83
Low 3248.62
Close 3264.71
Change(Points) 26.97
% Change 0.83
Volume 1651.6M
Rise 190
Fall 198
Unch 688

Market forecast for STI:
STI formed a long green candle for the day with a little upper shadow. Today STI took a movement of almost 16 points. Marubozu pattern was formed for the day. Hence performing in a consolidate phase.
Technical indicators:
RSI is just above the centre line @62.35. Where CCI is @ 69.74

STI LEVELS
Support 1 3255
Support 2 3244
Support 3 3230
Resistance 1 3275
Resistance 2 3288
Resistance 3 3299

Important Factor for today:-

  • Important Factor for today:-
  • New housing loan applications down by 45% on YOY basis.
  • Mapletree will acquire 49% stake in Oakwood Asia Pacific in a joint venture to target and acquire service apartment business in Asia.
  • Data for unemployment published for 1Q2014 with a rise of 2.1 % in unemployment rate where it was 1.8% in Dec2013.
  • Bank lending in Singapore grew a bit faster by 0.6% in march as total loans grew to S$ 587.7 billion in March.
  • 11% of gain posted by Yangzijiang Shipbuilding for 1Q2014 whereas net profit attributable to shareholder rose to 799.2million Yuan, as revenue grew 24% to 3.6 billion Yuan.
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
Noble 1.285 3.21 CityDev 10.83 -2.17
UOB 21.76 2.74 JSH 500 USD 35.7 -1.11
Global Logistic 2.85 2.52 SIA Engineering 4.79 -0.83
OCBC Bank 9.65 1.9 ST Engineering 3.82 -0.78
Golden Agri-Res 0.61 1.67 Sembcorp Ind 5.37 -0.56

Market Review for KLCI:
KLCI opened flat today at 1859.32 at the same level as of yesterday’s closing and made a high of 1871.52 and gave closing to the same level it formed a green candle for the day.

KLCI Day Performance
Open 1859.32
High 1871.52
Low 1857.07
Close 1871.52
Change(Points) 12.18
% Change 0.66
Volume 1506.8M
Rise 362
Fall 419
Unch 1380

Market forecast for KLCI:
A long green candle was formed for the day with a long real body and a short lower shadow today KLCI touched a four months high of 1871 and is trading at the peck point.

KLCI LEVELS
Support 1 1850
Support 2 1835
Support 3 1880
Resistance 1 1890
Resistance 2 1905
Resistance 3 1850

Technical indicators:
The technical indicators are strong on the chart as RSI is at 63.80 & CCI is at 124.84

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.33 4.06 PCHEM 6.73 -1.03
DIGI 5.54 2.78 SKPETRO 4.31 -0.46
TM 6.2 2.48 IOIPG 2.68 -0.37
IOICORP 5 2.46 UMW 10.76 -0.37
MAYBANK 9.9 1.85 GENTING 9.8 -0.3
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Market Review for STI:
STI made a gap down opening for today, down by 12 points at 3230.34 and made a low of 3222.77 further gave the closing at 3237.74. As it formed a green candle for the day and gave closing just above the major support of 3234.

STI

STI Day Performance
Open 3230.34
High 3238.78
Low 3222.77
Close 3237.74
Change(Points) -4.97
% Change -0.15 %
Volume 1359.3M
Rise 167
Fall 217
Unch 692

Market forecast for STI:
Today STI formed a hammer pattern on the daily chart, which has a real body without any upper shadow and a long lower shadow. As published in yesterday’s report STI took a correction and is trying to fill the earlier gap.
Technical indicators:
RSI is just above the centre line @57.02. Where CCI is @ 6.58

STI LEVELS
Support 1 3227
Support 2 3212
Support 3 3195
Resistance 1 3247
Resistance 2 3262
Resistance 3 3280

Important Factor for today:-

China Sunsine Net Profit grew to RM22.8Million i.e. 95% on YOY basis for 1Q2014

Vard Holding announced low in profit for Q12014 as the earning fall by 52.5% from a year ago to S$19 million or 1.61Cents per share.

Greater Eastern Holdings reported a jump of 12% in Net Profit for Q12014 to 231.6 million. Else it was 207.5million over a year ago.

Far East Hospitality Trust posted a fall of 1.30 SG Cent in distribution per stapled security for Q12014.

United Overseas Bank share falls as a dividend of 50cent per share was declared.

Market Review for KLCI:
KLCI opened lower at 1852.27 down by 3.47 points. Where the day range of KLCI was 7.07 points else the low of the day was same the opening price and the closing was the same of the high price @1859.27.
KLCI

KLCI Day Performance
Open 1852.27
High 1859.34
Low 1852.27
Close 1859.34
Change(Points) 3.60
% Change 0.19 %
Volume 2500.9M
Rise 192
Fall 728
Unch 1237

Market forecast for KLCI:
A green candle was formed for the day with a long real body & without upper and lower shadow. Marubozu pattern was formed for the day which is also called as a shaven head candle. As on today’s closing KLCI is standing near to major support of 1850 and some correction is expected.
Technical indicators:
The technical indicators are not that strong on the chart as RSI is at 56.38 & CCI is at 5.31.

KLCI LEVELS
Support 1 1850
Support 2 1840
Support 3 1825
Resistance 1 1870
Resistance 2 1880
Resistance 3 1895

Market Review for STI:
STI made a gap down opening at 3255.35 down by almost 12 points. Further made a high of 3267.39 and then the buyers were dominated by the sellers and STI made a low of 3234.12 and gave the closing at 3242.71. hence today it was a bearish day for STI.

STI Day Performance
Open 1861.54
High 1862.97
Low 1855.74
Close 1855.74
Change(Points) -5.24
% Change -0.28
Volume 2169.0M
Rise 235
Fall 647
Unch 1275

Market forecast for STI:
STI formed a red candle for the day and with a long real body and a long upper and lower shadow.
After taking a long upside or high of 3284 in last few days now it seems that the STI is going to take some corrections or it could close the gap which was formed on 15th April 2014, a gap up of 21 points.
Technical indicators:
RSI is just above the centre line @53.78. Where CCI is @ 26.61.

STI LEVELS
Support 1 3232
Support 2 3215
Support 3 3190
Resistance 1 3252
Resistance 2 3265
Resistance 3 3285

Important Factor for today:-

  • According to the latest data by Swift, Singapore is on the top to retain its position for the clearing centre of offshore RMB (renminbi) outside of China and Hong Kong in March.
  • United Envirotech sold 5% of stake in China membrane Memstar Technology the counter slipped 5.6% down As United Envirotech is the substantial shareholder sold and sold a sizeable stake in open market at about 2.07 cent per share on average.
  • US$ 350 Million syndicated revolving credit facility launched by wholly owned subsidiary of Swiss based trading house Gunvor Group, to finance new investment and existing operations in Asia Pacific region.
  • Net Profit grew by 8% to S$14.56 Million announced by Raffles Medical Group on Monday for the 1Q14.
  • Atlantic Reports 61% increase in 1Q14 Net profit where the revenue grew by 9.6%
  • Non landed homes price fall by 1.1% in March as compared to Feb.
  • Corporate tax for Singapore continues to be lower in Asia @17%, announced by KPMG in a report.

Market Review for KLCI:
KLCI opened flat today at 1861.54 and came down and made a low of 1855.74 and closed at the same level. A long red candle was formed for the day.

KLCI Day Performance
Open 1861.54
High 1862.97
Low 1855.74
Close 1855.74
Change(Points) -5.24
% Change -0.28
Volume 2169.0M
Rise 235
Fall 647
Unch 1275

Market forecast for KLCI:
It’s the continuous 2nd red candle for the day on daily chart and the way the KLCI is falling it is standing on the major support of 1854 If the next candle is formed bellow the support than KLCI can be seen on the level of 1845 currently it’s in consolidate mode.
Technical indicators:
The technical indicators are not that strong on the chart as RSI is at 53.78 & CCI is at 26.71

KLCI LEVELS
Support 1 1845
Support 2 1830
Support 3 1810
Resistance 1 1865
Resistance 2 1880
Resistance 3 1899

Market Review for STI:
STI made a gap down opening at 3255.35 down by almost 12 points. Further made a high of 3267.39 and then the buyers were dominated by the sellers and STI made a low of 3234.12 and gave the closing at 3242.71. hence today it was a bearish day for STI.

STI Day Performance
Open 1861.54
High 1862.97
Low 1855.74
Close 1855.74
Change(Points) -5.24
% Change -0.28
Volume 2169.0M
Rise 235
Fall 647
Unch 1275

Market forecast for STI:
STI formed a red candle for the day and with a long real body and a long upper and lower shadow.
After taking a long upside or high of 3284 in last few days now it seems that the STI is going to take some corrections or it could close the gap which was formed on 15th April 2014, a gap up of 21 points.
Technical indicators:
RSI is just above the centre line @53.78. Where CCI is @ 26.61.

STI LEVELS
Support 1 3232
Support 2 3215
Support 3 3190
Resistance 1 3252
Resistance 2 3265
Resistance 3 3285

Important Factor for today:-

  • According to the latest data by Swift, Singapore is on the top to retain its position for the clearing centre of offshore RMB (renminbi) outside of China and Hong Kong in March.
  • United Envirotech sold 5% of stake in China membrane Memstar Technology the counter slipped 5.6% down As United Envirotech is the substantial shareholder sold and sold a sizeable stake in open market at about 2.07 cent per share on average.
  • US$ 350 Million syndicated revolving credit facility launched by wholly owned subsidiary of Swiss based trading house Gunvor Group, to finance new investment and existing operations in Asia Pacific region.
  • Net Profit grew by 8% to S$14.56 Million announced by Raffles Medical Group on Monday for the 1Q14.
  • Atlantic Reports 61% increase in 1Q14 Net profit where the revenue grew by 9.6%
  • Non landed homes price fall by 1.1% in March as compared to Feb.
  • Corporate tax for Singapore continues to be lower in Asia @17%, announced by KPMG in a report.

Market Review for KLCI:
KLCI opened flat today at 1861.54 and came down and made a low of 1855.74 and closed at the same level. A long red candle was formed for the day.

KLCI Day Performance
Open 1861.54
High 1862.97
Low 1855.74
Close 1855.74
Change(Points) -5.24
% Change -0.28
Volume 2169.0M
Rise 235
Fall 647
Unch 1275

Market forecast for KLCI:
It’s the continuous 2nd red candle for the day on daily chart and the way the KLCI is falling it is standing on the major support of 1854 If the next candle is formed bellow the support than KLCI can be seen on the level of 1845 currently it’s in consolidate mode.
Technical indicators:
The technical indicators are not that strong on the chart as RSI is at 53.78 & CCI is at 26.71

KLCI LEVELS
Support 1 1845
Support 2 1830
Support 3 1810
Resistance 1 1865
Resistance 2 1880
Resistance 3 1899

Weekly Technical view on STI
Weekly wrap of STI:
This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.
STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3250 3230 3200 3280 3300 3330

Macroeconomic factors:
Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business
Market Forecast for week ahead:
The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.
In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN 3260.78
HIGH 3284.70
LOW 3250.09
CLOSE 3267.57
CHANGE (In Points) 13.77
% CHANGE 0.42 %

Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.
Weekly Technical view on KLCI
Weekly wrap of KLCI:
KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.
A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1845 1825 1800 1875 1890 1915

Market Forecast for week ahead:
KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.
Technical Indicators:
Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN 1851.61
HIGH 1870.89
LOW 1849.68
CLOSE 1860.98
CHANGE (In Points) 8.29
% CHANGE 0.44 %

Weekly Technical view on STI
Weekly wrap of STI:
This was the good week for STI & it made a Green candle for this week continuing the bullish trend of last week as there was a gap up opening of around 8 points in this week.
STI cover the range of 34 points for this week. A spinning top candle was formed for this week and with a short real body. As the whole week was full of Q1 result & dividend distributed by the counters so the bullish trend is expected in the coming week.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3250 3230 3200 3280 3300 3330

Macroeconomic factors:
Singapore consumer price or inflation rose by 1.2% in March, where food inflation rose by 2.9% & health care inflation by 3.4%A fall of 22% reported in net profit of Singapore Exchange a net profit of S$ 75.8 million was reported
Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.
CapitaMall Asia made a jump of 2.8% to S$75.3 million in Net Profit for 1Q 2014.
RH Perto Gas Investments proposed sale of 49% Stake in RHP for US $ 2.79Million
Shares in Catalist listed SHC Capital Asia surged on Monday that it is discussing a sale of its core insurance business
Market Forecast for week ahead:
The market is moving in the uptrend and is supported by the good volume the technical indicators are also positive for the next week. The expected range for the coming week of STI would be 3250- 3300.
In the coming week there will be many counters like MapleTree, ThaiBev,SGX, CapitaMalls Asia, OCBC Bank and many more which will be delivering there dividend so the fundamental will be supportive for the up move of STI.

STRAIT TIMES WEEKLY WRAP
OPEN 3260.78
HIGH 3284.70
LOW 3250.09
CLOSE 3267.57
CHANGE (In Points) 13.77
% CHANGE 0.42 %

Technical Indicators:
Technical Indicators are showing the uptrend where RSI is above the centre line @52.27 else CCI is @ 181.57 which means that there is still a fair move for STI to take upside.
Weekly Technical view on KLCI
Weekly wrap of KLCI:
KLCI opened at 1851.61 for this week, took the uptrend and made a high of 1870.89 and closed at 1860.98 for this week. A green candle was formed for this week. For this week KLCI make a movement of almost 20 points.
A Inverted hammer Pattern was formed for this week with a long real body and a long upper shadow. 20 Days EMA is @1830 where the 50 Days EMA is @ 1792.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
1845 1825 1800 1875 1890 1915

Market Forecast for week ahead:
KLCI is performing at its peak and is able to sustain itself form last three week so it can be said that now it is above the crucial level and expected to break the resistance.
Technical Indicators:
Technically KLCI is having a bullish trend on the chart where CCI is @121.03 & RSI is about to enter in the overbought range @62.83

KLCI WEEKLY WRAP
OPEN 1851.61
HIGH 1870.89
LOW 1849.68
CLOSE 1860.98
CHANGE (In Points) 8.29
% CHANGE 0.44 %

Market Review for STI:
Today STI Opened at 3258.56 and came in a bullish trend after a consolidate move for last three days, it made a high of 3277.53 and closed at the same. It formed a green candle for the day.

STI Day Performance Open 3258.56
High 3277.53 % Change 0.67% Close 3277.53
Low 3255.64 Volume 2063.7M Fall 122
Change(Points) 21.70 Rise 296 Unch 654

Market forecast for STI:
A Green candle with a long real body was formed for the day with a short shadow. After three days of range bound trading today STI made a long candle for the day & take a bullish move. Marubozu pattern was formed for the day. Today STI break the high of 24th July 2013 a high point from last 11 Months, expected to take an up move for the coming sessions.

STRAITS TIME LEVELS
Support 1 3267
Support 2 3255
Support 3 3240
Resistance 1 3288
Resistance 2 3307
Resistance 3 3320

Technical indicators:
RSI is above the centre line @75.36 is about to move in overbought level. Where CCI is @ 149.49.
Important Factor for today:-

  • Mapletree Logistics Trust posted 1.89 Sg Cents for its Q4DPU
  • Ascendas Reit posted 3.5 Sg Cents for its Q4 DPU where the distributable income was 85.3 Million
  • Gerard Ee elected as a President of Institute of Singapore Chartered Accountants.

Market Review for KLCI:
A short green candle was formed for the day where KLCI opened at 1862.90 and made a high of 1866.42 and gave the same closing with a low of 1816.90

KLCI Day Performance Open 1862.90
High 1866.42 % Change 0.19% Close 1866.42
Low 1861.90 Volume 2609 M Fall 404
Change(Points) 3.49 Rise 455 Unch 1289

Market forecast for KLCI:
After taking a long up move yesterday KLCI maintain itself above the support level of 1850 and now is in an uptrend as a green candle with a little lower shadow was formed for the day. By observing the last three trading session KLCI is now in an uptrend and buyers are more interested now.
Technical indicators:
RSI is above the centre line @64.26 else CCI is @175.54