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My interview on Mediacorp Ch 8, 9am, Morning Express 晨光第一线 (24 Jun 2016)

Dear all, I am pleased to say that I have appeared on Mediacorp Ch 8, 9am, Morning Express 晨光第一线 on 24 Jun 2016. Readers who wish to know my market outlook on Morning Express 晨光第一线 can click the link indicated below. Please scroll the time bar to 14:00 to view it.

STI chart as of 24 Jun 16

Ernest’s market outlook (24 Jun 16)

Dear readers, Are you burnt in the aftermath of THE BREXIT? What should you do now? To cut loss, hold or buy more? Before you make the decision, it is good to consider the various markets and how they are likely to fare in the next two weeks.   S&P500 Index Just to recap what I have mentioned on 10 Jun 2016 (see HERE), I wrote “Given the low ADX, S&P500 may trade between 2,034 – 2,106 (barring Brexit on 23 Jun 2016).” –> Although Brexit happens, S&P500 reached an intraday low of 2,033 on last Fri, just 1 point […]

GKE chart as of 17 Jun 16

GKE Corp – A possible turnaround story unfolds (17 Jun 16)

On 16 Oct 2015, after seeing GKE Corp garnering significant media attention upon entering into a sales and leaseback agreement with Viva Industrial Trust for GKE’s existing headquarters cum warehouse property located at 30 Pioneer Road, I wrote a write-up on GKE. (See here for my previous write-up) Most of the updates outlined in my previous write-up have occurred, thus it is apt to provide an update on GKE’s upcoming developments in 4QFY16F (Financial year ends in May) and FY17F and beyond.   Gain of S$12m to be recognized in 4QFY16F According to GKE’s announcement, the disposal of 30 Pioneer […]

Top five companies sorted by total potential return 14 Jun   16

STI dives 130 pts in 1 week! Time to buy in? (16 Jun 16)

STI has tumbled 130 points, or 4.5% from an intraday high of 2,882 on 9 Jun 2016 to close 2,752 on 16 Jun 2016. The recent rapid sell off seems to reveal some interesting opportunities especially for those readers who have taken profit and moved to mostly cash (similar to me) since last week. Like most people, I am not clairvoyant and am not always able to catch the lowest level to buy into stocks.   Also, I will not know for sure whether: 1. Brexit will occur; 2. What is the exact impact (short term, medium term, long term […]

Table 1_Companies with significant exposure to UK 14 Jun   16

Brexit – which are the companies most exposed to UK? (15 Jun 16)

Dear all At the time of writing this article, STI has tumbled 121 points, or 4.2% from an intraday high of 2,882 on 9 Jun 2016 to trade at 2,761 on 15 Jun 2016. With Brexit’s concerns hanging over the equity markets like a sword of Damocles, I believe it is apt to review which are the companies with significant exposure to UK. According to a UOB Kayhian report dated today, Ascott Reit, City Development, CDL Hospitality, Comfort Delgro, Fraser Hospitality Trust, Ho Bee and SembCorp Industries were cited as companies with significant exposure to UK. (See Table 1 below) […]

S&P500 chart as of 10 Jun 16

Ernest’s market outlook (10 Jun 16)

Dear readers, Two weeks ago, I mentioned that I have increased my stock holding from 36% to 80% by accumulating on one stock on weakness. I have since taken profit on this single largest stock holding and have pared my stake in another stock. Besides the stock sales, I have increased my stake in another stock on weakness. All in, my percentage invested was reduced from 80% to approximately 31%. I am unlikely to exceed 50% invested in the next two weeks, unless I spot some extremely attractive opportunities as I remain cautious on the general market. Read on to […]

Innovalue chart as of 3 Jun 16

Innovalues’ potential bullish break in the making? (3 Jun 16)

On 17 May 2016, I wrote that Innovalues’ profit taking may be over soon (see here) and a break above $0.925 – 0.935 on a sustained basis should negate the bearish tinge in its chart. It was coincidental that Innovalues surged 6.5% or $0.060 to close $0.985 on the following day (18 May 2016) on strong volumes and has not traded below $0.925 since then. What’s next for Innovalues? Read on for more.   Chart analysis After hitting an intraday high of $1.015 on 23 May 2016, Innovalues has been consolidating its gain. Based on Chart 1 below, it seems […]