Dear all With reference to my market outlook published on 3 Oct (see HERE) citing opportunities in our Singapore market, STI has soared 191 points, or 6.3% from 3,051 on 1 Oct to close at a year to date high 3,242 on 5 Nov. Will STI continue to march higher, or will there be some profit taking?   Very briefly, my personal view is It is likely that STI may face some profit taking in the near term, attributable in part to the following factors: a) With reference to Figure 1 below, MSCI Singapore index will undergo a rebalancing in end Nov. The largest impact will be felt by our Singapore banks and Singtel where their weightage will be reduced to pave the way for the increase in weightage in SEA Ltd. Based on https://sginvestors.io/, DBS, OCBC, UOB and Singtel collectively comprise 47.8% of

Dear all With reference to my market outlook published on 3 Oct 2021 (see HERE) where I cited opportunities in our Singapore market, our Singapore market (represented by STI) has jumped 154 points, or 5.1% since 1 Oct. Amid the recent strength, is it too late to plough into the markets? Are there still stocks who may have further upside? Based on my personal chart observation, GSS Energy, China Sunsine and Sing Medical have interesting / bullish charts’ setups which may be interesting to take a look.   GSS Energy Based on Chart 1 below, GSS seems to be on a firm uptrend, evidenced by the rising trend line and its rising moving averages. Volume expanded on “up” days whereas volume shrank on “down” days. Indicators such as OBV, MACD, MFI and RSI are making higher highs and higher

 Market continued its uptrend from 2020, and with the Covid-19 situation stabilising, the old economy counters have started to recover as well. Overall, the local market had moved up along with the rest of the global indexes. As such, some of the sectors are not as cheap as they were during the massive correction last year.TransactionsWith the recent run up, I took profit on the following counters.KimlyDBSOCBC (Partial)ExxonSTI ETF (Partial)Some of the counters were mentioned in this post. For DBS, using 5 years average dividend of $1.09, at $25 it is fairly valued. Of course it can go higher but I am happy with my profit.The reason that I took profit is they have given me decent returns, most up to 5 years worth of dividend that I would have collected. With the sale, I can use it to

                                                                                    On 15/1/18, I added to my stake in AEM Holdings at $3.27 and Nordic […]