Tuesday, September 30, 2014

Daily Summary 30 Sep 14

Dow and Europe were slightly down last night. Dow -42 at 17071.  Short term trend of Dow is looking down.  Dow's future is now +24.  Europe opened up.

Asian bourses were mixed. Hangseng continued to fall and closed -296.  Nikkei -137, ShanghaiC +6.  STI closed-17 at 3272.  Volume was 1.9b shares.  Gainers were 172 to 288 losers.

Trend of STI is down.

Market opened down and slipped down further. It recovered some grounds after lunch and closed off its day low.  Blue chips were mostly down.  Penny and speculatives were also weaker, weighed down by Hongkong.

Europe and Dow are looking steady at the moment.

Monday, September 29, 2014

Stock Picks 30 Sep 14

DBSV
Nam Cheong - tgt 52c

UOBKH
Rotary Eng - 10.2% upside
Sunvic Chemical - 13.7% upside
ComfortDelgro - 14% upside
Ezra - 8.9% upside

OCBC
ComfortDelgro - tgt $2.92

Daily Summary 29 Sep 14

Europe were mixed on Friday while Dow +167 to close at 17113.  Dow's short term downtrend is holding after the gain.  Dow's future is now -67.  Europe opened flat.

Asian bourses were mixed but Hangseng fell sharply due to the public protest. Hangseng -449.  Nikkei +81 and ShanghaiC +10.  STI closed -8 at 3284.  Volume was another low of 1.2b shares.  Gainers were 187 to 216 losers.

Trend of STI is sliding down gently.

Top volumes were Mirach +1, IHC unchanged, NextGenSat unchanged, APAC +0.1, TuanSing +2, Sunvic +2, SingaporeeDev unchanged, Charisma -0.2, Vibrant -0.1, Blumont unchanged.

STI opened flat and stayed flat for the whole day. It fell slightly in the last half hour to close -8. However after matching it recovered and closed at -2.  Blue chips were generally firmer. Market was not badly affected by Hongkong but cautious.

Europe are looking steady at the moment while Dow is a bit down.

Stock Picks 29 Sep 14

OCBC
OUE - tgt $2.69
Nam Cheong - tgt 55c

Friday, September 26, 2014

Daily Summary 26 Sep 14

Europe and Dow were sharply down last night.  Dow -264 closing at 16946.  Dow's short term trend has turned down. Dow's future is now +85.  Europe opened mixed.

Asian bourses closed slightly weaker.  Nikkei -144, ShanghaiC +3, Hangseng -90.  STI closed flat at 3291, +1.  Volume was a record low of 1.3b shares. Gainers were 171 to 268 losers.
 
Trend of STI is slipping down a bit.

Top volumes wer Xpress +0.1, IHC unchanged, APAC unchanged, OLS unchanged, LH +0.1, Mirach unchanged, Oceanus unchanged, SIIC -0.3, Blumont unchanged, ThaiBev  -0.5.

With the sharp fall in Dow STI opened down 14. It started to recover and by late afternoon was nearly flat. It stayed flat for the rest of the day and closed barely positive. Volume was a miserable 1.3b shares.  Blue chips were mostly weaker but off their lows. Penny and speculatives were generally weaker as well.

Europe and Dow are steady at the moment and may recover some of yesterday's losses.

Thursday, September 25, 2014

Stock Picks 26 Sep 14

DBSV
Starburst - tgt 77c

UOBKH
Tuan Sing  34.1% upside
SingHaiyi  40% upside
GentingHK 12.1% upside

Daily Summary 25 Sep 14

Another positive session for Europe and Dow last night.  Dow was up 154 closing at 17210.  Short term trend of Dow is recovering. Dow's future is now flat. Europe has opened up.

Asian bourses closed mixed.  Nikkei +207,  ShanghaiC +2, Hangseng -153.  STI closed -2 at 3291.  Volume was 1.5b shares.  Gainers were 191 to 221 losers.

Top volumes were CedarStrategic unchanged, IC unchanged, Digiland unchanged, APAC +0.1, AdvanceSCT unchanged, Artivision unchanged, Sapphire +1.8, GentingHK +1, PacificCentury -0.5, Blumont -0.1.

Market opened slightly up but went negative and then stayed relatively flat for the afternoon.  Blue chips were weaker. Penny and speculatives were mixed.

Europe and Dow are looking steady at the moment.

Wednesday, September 24, 2014

Daily Summary 24 Sep 14

Dow and Europe were all down last night.  Dow closed -117 at 17056.  Dow's short term trend going down.  Dow's future is now -2. Europe opened mixed and relatively flat at the moment.  

More Asian bourses were positive today.  Nikkei -38, ShanghaiC +34, Hangseng +85.  STI closed -5 at 3293.  Volume was 1.5b shares. Pathetic.  Gainers were 175 to 238 losers.

Trend of STI is slipping down.

Top volumes were SIIC -0.3, APAC unchanged, IHC unchanged, PacificCentury +0.5, MetalComponent +0.1, Versalink IPO closed at 34.  GoldenAgri -1.5, OLS -0.1, Genting -2, AdvanceSCT unchanged.

Market opened down but stayed flat for the whole day. It traded lower in the last two hours to close near day low.  Blue chips were weaker.  Penny and speculatives were mixed.

European bourses are looking flat at the moment while Dow's future is now slightly down.

Tuesday, September 23, 2014

Stock Picks 24 Sep 14

DBSV
Marco Polo Marine - book value 52.5c
SembCorp Marine - tgt $4.82

UOBKH
Buy recommendations for OEL, Keppel Reit and SIA but no target price.

Daily Summary 23 Sep 14

Dow and Europe were all down last night.  Dow -107 at 17173. Dow's uptrend is turning down after 5 days of gains. Dow's future is now -34.  Europe opened down.

Asian bourses were mostly down.  Nikkei -115, ShanghaiC +20, Hangseng -118.  STI closed +2 at 3298.  Volume was a low of 1.5b shares.  Gainers were 203 to 250 losers.

Short term trend of STI is still looking down.

Top volumes were APAC unchanged, GentingHK +1, IHC unchanged, SingaporeeDev unchanged, SinjiaLand -3, Vallianz +0.3, Genting +4, LionGold -0.3, LH +0.2, Digiland unchanged.

Market opened slightly negative but quickly recovered to stay positive for the rest of the session. It closed off its high with some weakness following Europe's weak opening.  This could be due to news of the US launching attacks against the IS inside Syria.  

Blue chips were slightly firmer. Penny and speculatives were slightly weaker.

Europe are down at the moment and Dow's future is also down. There could be fear of a retaliation by IS fighters in the US. With European countries staying out of the war and harm's way, the US is going to be a prime target for the IS.

Monday, September 22, 2014

Stock Picks 23 Sep 14

UOBKH

Ascott Residence Trust - tgt $1.40
GoldenAgri - 19.2% upside
Metro - 14.9% upside
Swiber - 15.3% upside
GP Industries - 13.7% upside

Daily Summary 22 Sep 14

Europe were mixed and relatively flat on Friday. Dow closed +14 at 17280.  Short term trend of Dow is up.  Dow's future is now -48.  Europe mixed.

Asian bourses were mostly down and quite sharply.  Nikkei - 115, ShanghaiC  -40, Hangseng - 351.  STI closed -5 at 3300.  Volume was 1.7b shares.  Gainers were 165 to 289 losers.

Short term trend of STI is weakening and still down.

Top volumes were LCDGlobalInv +0.5, SingaporeeDev unchanged, APAC unchanged, Digiland unchanged, IHC unchanged, SIIC +0.2, Acma +0.3, GoldenAgri +1.5, Pacific Century unchanged, LionGold -0.3.

Market opened up but fell after an hour to stay slightly down through the day. It closed at day low at -8.  Volume was low at below 2b shares.  Blue chips were mixed but the general market was weaker with more losers than gainers.

Asian markets were looking weak. Europe opened mixed but is now slightly lower.  Dow's future is also lower at the moment.

Friday, September 19, 2014

Daily Summary 19 Sep 14

Dow and Europe were up last night. Dow +109 at 17266. Dow's short term trend is up. Dow's future is now +75.  Europe opened up.

Asian bourses were mostly up.  Nikkei +254, ShanghaiC +14, Hangseng + 137.  STI closed +10 at 3307.  Volume was 2b shares.  Gainers were 276 to 204 losers.

Short term trend of STI is turning up.

Top gainers were SIIC +0.8, Digiland unchanged, Xpress +0.1, EMS +0.4, Keppel Reit -1.5, ThaiBev -1, APAC unchanged, IC unchanged, CompactMetal +0.2, SingaporeeDev +0.1.

Market opened marginally down but recovered immediately and stayed positive for the whole day. Volume was 2b. Blue chips were firmer.  Penny and speculatives were seeing more gainers as well.

Europe and Dow are looking to be firm tonight.

Stock Picks 19 Sep 14

DBSV
Keppel Land - tgt $4.59
YTL Starhill Global Reit - tgt 90c

OCBC
Keppel Land - tgt $4.09

Thursday, September 18, 2014

Daily Summary 18 Sep 14

Europe was flat last night.  Dow continued to recover, +25 to close at 17157.  Short term trend of Dow is turning up.  Dow's future at the moment is +35.  Europe opened firmly up.

Asian bourses were mostly up except Hangseng -208. Nikkei +179, ShanghaiC +8.  STI closed +4 at 3300.  Volume was 2.2b shares.  Gainers were 182 to 250 losers.

Short term trend of STI has stopped falling.

Top volumes were SingaporeeDev -0.2, Digiland unchanged, GSH +0.1, IHC unchanged, Noble +5.5, Mirach -0.2, APAC unchanged, Artivision +0.1, CompactMetal +0.5, Xpress -0.1.

Market opened slightly up and but stayed relatively flat for the day. Blue chips were slightly weaker. Penny and speculatives were also weaker.

Dow and Europe are looking firm at the moment.

Wednesday, September 17, 2014

Daily Summary 17 Sep 14

Europe were slightly down last night. Dow was +101 at 17132.  Dow's short term falling trend is reversing. Dow's future is flat at the moment. Europe opened up.

Asian bourses were mostly up.  Nikkei -23, ShanghaiC +11, Hangseng +240.  STI closed +24 at 3297.  Volume was 1.7b shares.  Gainers were 295 to 159 losers.

STI's short term down trend is held back with today's gain.

Top volumes were SingaporeeDev -0.1, IHC unchanged, ThaiBev -0.5, APAC unchanged, Xpress unchanged, MetalComponent +0.8, GoldenAgri +0.5, Genting 2.5, Edition unchanged, Digiland unchanged.

Market opened positive and gained more strength through the session. It closed near day high. Blue chips were mostly green reversing yesterday's losses. Penny and speculatives were also firmer.

Europe are firmer at the moment. Dow's future is flat. The fear of interest rate hike seems to have subsided with last night's gain.

Tuesday, September 16, 2014

Stock Picks 17 Sep 14

DBSV
YTL Starhill Global Reit - tgt 92c
Keppel Corp - tgt $12.60

OCBC
Frassers Commercial Trust - tgt $1.48

Daily Summary 16 Sep 14

Europe were relatively flat last night. Dow -44 at 17031.  Dow's trend is down. Dow's future is now -32.  Europe opened down.  

Asian bourses mostly closed down.  Nikkei -37, ShanghaiC -43, Hangseng -221.  STI closed -40 at 3273.  Volume was 1.8b shares.  Gainers were 106 and losers were 428.

STI is trending down.

Top volumes were APAC -0.1, Xpress -0.3, ThaiBev -2, Genting -3.5, IHC unchanged, SingaporeeDev unchanged, Noble -2, Digiland unchanged, GoldenAgr -0.5, GSH unchanged.

Market opened flat but continued to fall through the day. It fell further in late afternoon to close at near day low. Blue chips were mostly in the red. Penny and speculatives fared just as bad with losers to gainers at a ratio of 4:1.

Europe opened down and Dow's future down as well.

Monday, September 15, 2014

Stock Picks 16 Sep 14

DBSV
Rex Intl - tgt $1.05
Ezion - tgt  $2.04

UOBKH
Osim - 10.3 % upside
Wee Hur - 21.7 % upside
Noble - 5.1 % upside
King Wan - 21.2 % upside

Daily Summary 15 Sep 14

Europe were mixed on Friday but Dow - 61. Dow's trend is going down. Dow's future is now -21.  Europe opened flat.

Asian bourses closed mixed. Nikkei +39, ShanghaiC +7, Hangseng -238.  STI closed -26 at 3320.  Volume was 1.7b shares.  Gainers were 115 to 365 losers.

Trend of STI is beginning to slip down.

Top volumes were SingaporeeDev +0.1, APAC unchanged, Genting -4, IHC unchanged, AdvanceSCT unchanged, Mirach -0.3, Adventus +0.3, ThaiBev +0.5, Topglobal unchanged, CharismaEnergy -0.1.

Market opened slightly down and stayed down the whole day. It slipped further in the last hour of trading to close at day low. Blue chips were mostly red. Penny stocks and speculatives too were down.

Europe is looking flat at the moment while Dow's future is much weaker.

Sunday, September 14, 2014

Stock Picks 15 Sep 14

UOBKH
Centurion - tgt 15% upside
Sunvic Chemical - tgt 15.7% upsdie
CapitaCommercial Trust - tgt 9.1%
Kris Energy  - tgt 20.9%

OCBC
Ezion - tgt - $2.31

Friday, September 12, 2014

Daily Summary 12 Sep 14

Dow and Europe were slightly down last night.  Dow - 20 at 17049.  Dow's short term trend is still looking down. Dow's future is now -10. Europe opened slightly down.

Asian bourses were mixed. Nikkei +39, ShanghaiC +20, Hangseng -67.  STI closed -2 at 3346.  Volume was 1.3b shares.  Gainers were 210 to 241 losers.

Short term trend of STI is flat with slightly upward biased.

Top volumes were APAC unchanged, Mirach +0.5, SingaporeeDev unchanged, RexIntl +0.5, Genting -2, IHC unchanged, GoldenAgri unchanged, Equation unchanged, Blumont unchanged, Weiye +0.2.

STI opened down but stayed up marginally for most part of the day. There were some selling pressure in the last half hour of trading to close near day low at -2. Volume was again a low of 1.3b shares.  Blue chips closed a bit firmer while penny and speculatives were slightly weaker.

Europe and Dow were looking slightly weak at the moment.

Thursday, September 11, 2014

Daily Summary 11 Sep 14


Europe and Dow were slightly up last night.  Dow closed 55 at 17069. Dow's short term trend is still down. Dow's future is now -51.  Europe opened slightly down at the moment.

Asian bourses were  mixed.  Nikkei +120, ShanghaiC -7, Hangseng -43.  STI +7 at 3346.  Volume was 1.4b shares.  Gainers were 189 to 237 losers.

Trend of STI is still flat but looking firmer.

Top volumes were IHC unchanged, APAC unchanged, ThaiBev +2.5, Sincap -0.1, Vallianz -0.7, Genting -1, GoldenAgr -1, Blumont -0.1, Armarda +0.1, Mirach -0.1.

Market opened slightly up and gained a bit more closing near day high with +9 pts.  Volume was still a low of 1.4b shares.  Blue chips were firmer. Penny and speculatives were weaker.

Europe and Dow are looking weak at the moment.

Wednesday, September 10, 2014

Stock Picks 11 Sep 14

DBSV
SembCorp Marine - tgt $4.82
China Merchants - tgt $1.32

UOBKH
Riverstone Holding - tgt $1.14

OCBC
Venture Corp - tgt $8.24

Daily Summary 10 Sep 14


Europe and Dow were all down last night.  Dow -98 at 17014. Dow's trend is turning down and not looking promising. Dow's future is now -24.  Europe opened down.

Asian bourses were mostly down. Nikkei +40, ShanghaiC -8, Hangseng -485.  STI closed -4 at 3339.  Volume was 1.3b shares.  Gainers were 182 to 281 losers.

Trend of STI is starting to slip down though fairly flat.

Top volumes were ThaiBev +3, APAC +0.1, STATSChipPAC +2.5, Digiland -0.1, IHC unchanged, SingaporeeDev +0.1, OLS +0.1, Mirach -0.2, Artivision -0.1, Jaya -0.2.

STI opened down, managed to climb back to positive in mid afternoon but closed back negative of -4 pts. Blue chips were slightly weaker. Penny and speculatives were also weaker all round.

Europe at the moment is down. Dow's future is also negative.

Tuesday, September 9, 2014

Stock Picks 10 Sep 14

DBSV
Thai Bev - tgt 80c

UOBKH
Guoco Land - tgt $2.48

OCBC
UOB - tgt $25.00

Daily Summary 9 Sep 14

Europe were mixed last night. Dow closed -26 at 17111.  Dow's trend is flat and looks like a double top is forming. Dow's future is now -10 .  Europe opened slightly down

Asian bourses were mostly up.  Nikkei +44, ShanghaiC unchanged, Hangseng -50.  STI closed +8 at 3343.  Volume was 1.1b shares.  Gainers were 195 to 215 losers.

Trend of STI is flat.

Top volumes were APAC -0.1, IHC unchanged, STATSChipPAC +3, Sunvic +1.5, Blumont -0.1, Digiland +0.1, CNA unchanged, Sincap unchanged, SingaporeeDev unchanged, Memstar +0.1.

Market opened flat and crept up slightly through the day to close with a plus 8 points.  Volume was the lowest to day at just1.1b shares. At this rate, the market would go to hibernation soon.  Blue chips were slightly firmer. Penny and speculatives were mixed.

Europe and Dow are looking slightly weak at the moment.

Monday, September 8, 2014

Stock Picks 9 Sep 14

OCBC
Creosus Retail Trust - tgt $1.10

Daily Summary 8 Sep 14

Europe were slightly firmer on Friday while Dow closed + 68 at 17137.  Dow's short term trend is firming up.  Dow's future at the moment is -20.  Europe opened mixed.

Asian bourses were mixed and generally flat.  Nikkei +36, ShanghaiC +20, Hangseng -50.  STI closed -5 at 3336.  Volume was 2b shares.  Gainers were 171 to 256 losers.

Short term trend of STI is flat.

Top volumes were SingaporeeDev  unchanged, IC -0.5, APAC -0.5, ThaiBev -0.5, HPHTrust +0.5, DynaMac +2.5, SIIC +0.4, Mirach -0.4, Blumont unchanged, Cosmosteel +0.5.

Market opened flat but slipped down slightly subsequently. It traded in a very narrow band.  Blue chips were mixed but Penny and speculatives were weaker.

Europe and Dow are looking slightly weaker at the moment.

Stock Picks 8n Sep 14

UOBKH
Wee Hur - 25% upside
ISO Team - 9.5%

Friday, September 5, 2014

Daily Summary 5 Sep 14

Europe were up last night. Dow was up most of the session but down slightly in the last hour to close -8 at 17070.  Dow's short term trend is flat.  Dow's future is now -28.  Europe opened up.

Asian bourses were mixed and closed relatively flat.  Nikkei -8, ShanghaiC +20, Hangseng -58. STI closed -7 at 3339.  Volume was 1.5b shares.  Gainers were 191 to 241 losers.

Short term trend of STI is slightly up.

Top volumes were APAC -0.1, Digiland +0.1, IHC +0.5, GRP -0.2, ThaiBev +3, Mirach -0.2, GoldenAgri -0.5, Charisma -0.1, SingaporeeDev unchanged, TopGlobal unchanged.

Market opened positive but slipped down within half an hour to negative. It stayed negative for the rest of the session but closed off its low. Volume was a miserable 1.5b shares.  Blue chips were generally weaker.  Penny and speculatives were also slightly weaker for the weekend.

Europe are looking steady at the moment while Dow's future is slightly down.

Thursday, September 4, 2014

Stock Picks 5 Sep 14

DBSV
Sheng Siong - tgt 78c

Daily Summary 4 Sep 14

Europe and Dow were all positive last night.  Dow's short term trend is flat.  Dow's future is now -16.  Europe opened down.

Asian bourses were mixed.  Nikkei -52, ShanghaiC +18, Hangseng -20. STI closed -6 at 3342. Volume was 1.9b shares.  Gainers were 170 to 280 losers.

Short term trend of STI is turning up.

Top volumes were Shengsiong -3.5, Digiland unchanged, Elektromotive unchanged, APAC unchanged, Mirach -0.7, MetalComponent +0.1, IHC +0.5, GRP +0.5, Charisma -0.1, RexIntl +3.5.

Market opened down and remained down for the whole session. Volume was still below 2b shares.  Blue chips were mostly down. Penny and speculatives were also mostly weaker.

Europe and Dow are looking weak at the moment.

Wednesday, September 3, 2014

Stock Picks 4 Sep 14

DBSV
Ascott Reit - tgt $1.33
Frasers Hospitality - tgt 94c
Yoma - tgt 88c

UOBKH
Ezion - tgt $2.62

OCBC
Midas - tgt 50c

Daily Summary 3 Sep 14

Dow closed -31 at 17068 last night.  Europe were relatively flat.  Dow's uptrend is weakening.  Dow's future is now +87.  Europe opened strongly up.

Asian bourses were mostly up with Hangseng +569. Nikkei +60, ShanghaiC +23.  STI closed +17 at 3345.  Volume was 1.7b shares.  Gainers were 236 to 217 losers.

Short term trend of STI is reversing back up.

Top volumes were AdvanceSCT unchanged, IHC unchanged, Mirach -0.1, Artivision +0.1, SIIC +0.5, Charisma +0.2, Sincap -0.4, Genting -1.5, APAC unchanged.

Market opened slightly up but slipped back down to negative territory for a while before regaining strength. STI stayed positive for the whole afternoon and closed near day high following strength in Hangseng and Europe. Volume was still low. Blue chips were firm with many greens. Penny and speculatives were slightly firmer.

Europe and Dow are looking strong for tonight.

Tuesday, September 2, 2014

Stock Picks 3 Sep 14

DBSV
Singpost - tgt $2.12

OCBC
Soilbuild Reit - tgt 88c

Daily Summary 2 Sep 14

Europe were flat on Friday. Dow was closed.  Dow's short term trend is flattening. Dow's future is now +40.  Europe opened firmly up.

Asian bourses were mixed.  Nikkei +182, ShanghaiC +31, Hangseng -3.  STI closed +12 at 3326.  Volume was 1.7b shares.  Gainers were 222 to 228 losers.

Short term trend of STI is slipping down.

Top volumes were Digiland +0.1, SingaporeeDev +0.1m STATSChip -6.5, IHC -0.5, AdvanceSCT unchanged, MDR unchanged, Mirach unchanged, APAC unchanged, Weiye +0.1, Artivision +0.3.

Market opened marginally up and stayed up the whole day. It started to move further up after lunch to close near day high.  Another quiet trading day. Blue chips were seeing more gainers. Penny and speculatives were flat.

Europe and Dow are looking firm at the moment.

Monday, September 1, 2014

Stock Picks 2 Sep 14

DBSV
Valuetronic - tgt 65c

UOBKH
Rex International - tgt $1.27
PACC Offshore Servicing - 10.1%
SMRT - 10.1%

OCBC
Nam Cheong - tgt 55c
Ezion - tgt $2.78
Keppel Corp - tgt $12.31

Daily Summary 1 Sep 14

Dow and Europe were slightly up on Friday.  Dow's trend is sliding down. Dow's future is now -17.  Europe opened slightly down.

Asian bourses were mostly up.  Nikkei +52, ShanghaiC +18, Hangseng +10.  STI closed -13 at 3314.  Volume was 2b shares.  Gainers were 150 to 280 losers.

Short term trend is turning down.

Top gainers were Digiland unchanged, Blumont -0.2, IHC +0.5, APAC -0.1, MDR -0.1, STATSChipPac -6, OLS -0.1, Weiye +0.2, MirachEnergy -0.2, LionGold -0.7.

STI opened flat but slipped down by late morning and stayed down through the afternoon session to close near day low.  Volume slightly improved but still below 2b shares.  Blue chips have more losers than gainers.  Penny and speculatives were also generally weaker.

Dow and Europe are looking a bit weak at the moment.