The general consensus in the market is to ‘Sell In May And Go Away’. While DBS does not think that the stock market is going down in 2018 (having just raised its year-end estimate of STI to 3,850), DBS thinks that the near-term performance of the Singapore market might take a slight dip. With the World Cup coming up in a month’s time, it could be a time for investors to look for a break in the month of May. Historically, the Straits Times Index fell by an average of 8.6 percent during the past six tournaments as trading activity starts to slow in May. Based on past statistics, the best market re-entry time is in the beginning of July, if history repeats. Investors Takeaway: 3 Stock Strategies To Recalibrate Your Portfolio Ahead Of FIFA World Cup Mid-To-Late-Cycle Plays As Singapo

Dear readers, US President Donald Trump announced at 2pm 8 May 2018 (US time) while many of us were asleep that US would pull out of the Iran nuclear agreement and to impose “powerful” economic sanctions on Teheran. Oil prices did not rally after Trump’s announcement though there was some price volatility in oil prices before the announcement. Analysts thought that pretty much, the above move has already been earlier factored in the recent higher oil prices by traders and more importantly, Iranian oil production would unlikely be impacted by US pulling out of the agreement unless Donald Trump can convince other allies to reimpose sanctions. Read more »

Sembcorp Marine: 8 May 2018, Tuesday, 10.19am Singapore Time(Click on Technical Chart above to Expand)Attached above is the Technicals for Sembcorp Marine which together with Keppel Corp dominates their industry. Sembcorp Marine is cushioned strongly by the moving average band of support. This band of supports have been absorbing all market sells from the retailers and from anyone who wants to sell. This is very bullish in nature. The moving average band of supports will be used to launch further uptrends. The technical price structure is as follows:Long Term: Bullish (Uptrend)Mid Term: CorrectionShort Term: SidewayImmediate Term: Correction(Bad news is never able to cause this stock to go below moving average band that is acting as a strong band of support for its general uptren

Last week, Sembcorp Industries Limited (SGX: U96)  released its 2018 first quarter earnings. As a quick introduction, Sembcorp Industries is a bona-fide conglomerate with four major business segments: Utilities; Marine; Urban Development; and Others. The Marine segment’s contribution comes from Sembcorp Industries’ 61% ownership stake in Sembcorp Marine Ltd (SGX: S51). Here are nine important things to know about Sembcorp Industries’ latest results: 1. Revenue for the reporting quarter jumped by 30% year-on-year to S$2.76 billion. 2. But, EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter actually fell by 17% year-on-year to S$286 million. 3. Profit from operations for the quarter declined harder, as it came in at S$213 million, 21% lower co

SGX Observer observed quite a few companies, including MindChamps Pre School, Sembcorp Marine, Dutech, Straits Trading Co. , etc had responded to SGX’s Queries on their recently published Annual Report, for one of the common queries regarding SGX Listing Rule 715.   What is SGX Listing Rule 715 about? The Listing Rule 715 is within the section […] The post SGX Listing Rule 715 appeared first on SGX Observer.

The earnings season continues apace with banks the main focus next week. In February DBS Group (SGX: D05) said it will pay $1.20 per share in dividends from 2018 onwards. It said the higher pay out was because the Basel reforms that have been finalised would not have much impact on the bank. We will also find out if Singapore’s biggest lender can outperform again? United Overseas Bank (SGX: U11) posted a 16% jump in fourth-quarter earnings in a February. This was thanks to an increase in net interest income, fee commission and net trading income. However, operating expenses and expenses were higher. Much is expected from Singapore’s smallest bank. It was a tale of two countries for CapitaLand (SGX: C31) in the fourth quarter. Revenue fell 35% because of lower completion an

MARKET OVERVIEW- The market could be choppy as benchmark US 10Y Treasury yields extend climb beyond 3%, while local corporate earnings were mixed. - Technically, the STI is likely to consolidate at current levels, with immediate resistance at 3,610 and downside support at 3,510. CORPORATE RESULTS*Venture Corp- 1Q18 net profit surged 72.2% to $83.7m but still trailed bullish street forecasts, coming in at 19% of full-year consensus estimate.- Revenue edged up 1.5% to $856m but would have been up 9.1% in USD terms.- Wider net margin of 9.8% (+4ppt) was achieved through favourable product mix and strong cost control. - CEO refutes short seller report on slowing IQOS smokeless device sales by Philip Morris and reaffirms its broad-based growth across 150 customers. - Last traded at 14.4x forwar

There are three Straits Times Index (SGX: ^STI) constituents that will be going ex-dividend on Wednesday, 25 April 2018. In other words, you need to own the shares before that day to receive their dividends. Let’s take a look at them. Company 1: Golden Agri-Resources Ltd (SGX: E5H) Founded in 1996, Golden Agri-Resources is one of the largest palm oil plantation companies in the world. Its plantations are located in Indonesia and span more than 502,000 hectares. The company is dishing out a dividend of 0.116 Singapore cents per share for the fourth quarter of 2017. For the entire 2017, Golden Agri-Resources’ revenue increased by 4.1% to US$7.5 billion. But, its net profit plunged by 81.5% to US$74.0 million, primarily due to foreign exchange losses, an impairment loss on certain ass

Following consolidation in STI’s trading range, DBS believes that a breakout is expected to happen in the next 1-2 months. DBS notes that STI will break out from its 3400-3500 range. However, the directional breakout will depend on the outcome of the US-China trade skirmish and the upcoming earnings season. How should investors navigate the month of April? According to DBS, there are three investment strategies that investors can consider for the month of April. Investors Takeaway: 3 Investment Strategies To Adopt In April Hedging Against Inflation Low inflation has long been a concern in the market. However, DBS believes that inflation could rise steadily, leading to a market re-focus on inflation. This is primarily driven by the Fed raising 2019 interest forecast by 20 basis points (

Sembcorp Marine: 11 April 2018, Wednesday, 2.35pm Singapore Time(Click on Technical Chart Above to Expand)I am adding some more buys on Sembcorp Marine @ 2.25 today 11 April 2018 Wednesday after my buy adds @ $2.22 yesterday 10 April 2018 Tuesday, and my buy adds on Sembcorp Marine @ $2.16 on 9 April 2018 Monday. Sembcorp Marine is a builder of oil rigs, floaters, offshore platforms, ships and niche chips. I am looking for at least +100% gains in my buys, longs and investments.  I am hyper bullish on the stock just as I am very bullish on Crude Oil since $30 per barrel (refer past track records).  In addition I continue to be bullish on the super-cycle scale in shipbuilding, shipping, commodities , raw materials, metals and energy-crude oil

Sembcorp Marine: 10 April 2018, Tuesday, 1.32pm Singapore Time(Click on Technical Chart Above to Expand)After my buy adds @ $2.16 yesterday, 9 April 2018 Monday, I am adding even more buys on Sembcorp Marine @ $2.22 today, 10 April 2018 Tuesday. Sembcorp Marine is a builder of oil rigs, floaters, offshore platforms, ships and niche chips. I am looking for at least +100% gains in my buys, longs and investments.  I am hyper bullish on the stock.  In addition I continue to be bullish on the super-cycle scale in shipbuilding, shipping, commodities , raw materials, metals and energy-crude oil sectors worldwide.Donovan Norfolk Ang

In this article, we will feature three stocks in different sectors that investors should look out for in the upcoming results season. The stocks are in from different sectors, giving investors opportunities to ride on varying sectoral growth. Genting Singapore In the past few earnings season, Genting Singapore has shown that it is recovering well with lower bad debts and stabilising earnings. Despite the increase in target price along with the bullish sentiments from consensus, Genting Singapore is still trading below its average EV/EBITDA multiple of 12 times. This is largely due to investors being sceptical about the sustainability of Genting Singapore’s earnings recovery. On the back of a selective credit extension to its VIP customers, it will address the scepticism and raise its ea

Sembcorp Marine Intra-day Technicals: 9 April 2018, Monday, 11.20am Singapore Time(Click on Technical Chart Above to Expand)Attached above is Intra-day Technicals for Sembcorp Marine.I am bullish of Sembcorp Marine and adding more buys @2.16, a posture which I had stated on my FB Wall Live Tweet on 5th April 2018 Thursday that if DJIA held most of its gains, I will add even more Sembcorp Marine cheaply, as it is very cheap -- a steal at this kind of prices. Donovan Norfolk Ang

This is post no. 260, which represents the 5th birthday for this weekly blog. In past years, this would have been a joyous occasion, as it means that I have blogged for another 52 continuous weeks. This year, however, there is a tinge of sadness, as there is a realisation that all things will eventually come to an end, including this blog. Regular readers of this blog would know that I like to string all posts with the same theme together, such as the telco theme of recent weeks. However, to have something useful to blog about, I need to carry out research. And research takes time. Despite this being a weekly blog, the amount of time needed to search, analyse and write useful stuffs is sometimes quite overwhelming. For example, the 4 posts on Hyflux last year were spread out over 7 weeks,

Everyone loves a bargain, but not everyone manages to get one. We had plenty of bargains coming our way in recent months. First, it was the Christmas sale—a chance to play Santa, and pick up presents for your loved ones. Even better, the gifts will be at a discount. Barely a week later, and it was time for a New Year’s sale. And, before the Christmas trees came down, the Chinese New Year lanterns were already adorning shopping malls island-wide, welcoming the Year of the Dog. Of course, we will need another round of sales. After all, it is customary to pick up new clothes to look our best, and what better way to do that than to have our new attire at a discount. Sadly, not everything bought during these sales period turn out to be bargains. If you snagged a $200 vacuum cleaner for $100

Sembcorp Marine Funds Flow Analysis: 28 March 2018, Wednesday, 8.52am Singapore Time(Click on FFA Chart above to Expand)Attached is the longer term funds flow on Sembcorp Marine, an important oil industry player. The first black circled region shows the region of first accumulation 1 at $1.40 to $1.80 zone where prices went down but smart money funds inflow went up. The second black circled region shows the second re-accumulation 2 of $1.60 to $2.10 zone where prices went down but smart money funds inflow continued to go up. The entire series are large waves, meaning crude oil is judged to have large wave upside, in line with my super-cycle target for crude oil of $175-$180 per barrel (refer to past comprehensive analyses). The 3rd circled region in green is our current point where th

MARKET OVERVIEW- The overnight sell off in the US tech sector could hit sentiment in SG tech-related manufacturers, spurring heavy downward pressure on profit-taking activities.- Technically, the STI sees support at 3,400 and topside resistance at 3,485.SECTOR WATCH*Aviation- Passenger traffic at Changi Airport for Feb rose 5.6% (Jan: +0.9%) to 4.93m, boosted by more travelling trips over the Chinese New Year holiday.- Aircraft movements were 6% higher at 29,700 landings and take-offs, while cargo throughput inched up 1.4% to 148,930 tonnes.- Strengthening traffic growth would be positive for aviation services providers SATS (Buy, TP $5.70) and SIA Engineering (Hold, TP $3.50).POSITIVE NEWS*Sembcorp Marine- Secured a contract from TechnipFMC for EPC of the hull and living quarters for a ne

Have started to see some support coming back around 2.00 over the past 2 weeks…From note last week, seems like we have again rebounded from the 2.00 level back to the key 2.20 resistance today…Hopefully, we see some firm price actions to lead the reversal higher….  To our next target at 2.40 as drawn last week?So far not yet happening but we’ll never know… Watching…For those who would like to accumulate on dips, 1.90 – 2.00 may be good support levels where buying may return….Longer term uptrend may still be intact above 1.90 for now… See chart issued last week… :)Want to get more Top Private Research reports PLUS Trade ideas delivered to your inbox?Open a Free Trading Account with Joey, click here….

Sembcorp Marine Hourly Funds Flow: 26 March 2018, Monday, 9.53am Singapore Time(Click on FFA Chart above to Expand)Attached is the Hourly Funds Flow Tabulation of Sembcorp Marine. There was no net outflow for the year 2018 no matter how worldwide markets did their corrections using fear factor as the pokers' liar. Increase in net longs inflow again since early March.Donovan Norfolk Ang

With oil prices climbing up in 2017 and continuing into this year, crude oil has been consistently trading above US$60. Given that OPEC and its allies have agreed to continue its oil production cuts till the end of the year to avoid a supply glut, coupled with data showing drawdowns on US crude oil inventory stockpile, crude oil prices are unlikely to come down too much shortly. Hence it may now be a good time to enter the Oil and Gas (O&G) industry to ride on the recovery of this sector. Keppel Corp and Sembcorp Marine have both retreated from earlier gains at the start of this year, and prices have fallen since February 2018. This has been due to “weaknesses in broad market and oil price, as well as earnings disappointment”, according to DBS’s report. However, despite the fall