Nasdaq chart 8 Sep 20

Recent weakness provides accumulation opportunities (9 Sep 20)

Dear all Based on Table 1 below, U.S. indices have fallen between 5.5% – 10% from the close of 2 Sep to 8 Sep. Nasdaq led the decline with a 10% drop. These are interesting times indeed! Why do I say so? Read on below. Table 1: Performance of various indices from 2 Sep to *8 Sep 20 Source: Ernest’s compilations (*STI and Hang Seng are based on 9 Sep closing prices) In my personal opinion, this recent U.S. market weakness provides accumulation opportunities for the well prepared and for those who have been waiting on the side-lines to accumulate […]

Top ten stocks sorted by total potential return 3 Sep 20

Stocks sorted by total potential return (7 Sep 2020)

Dear all U.S. markets have fallen sharply with Nasdaq dropping almost 1,200 points or 10% from an intraday high of 12,074 on 2 Sep to an intraday low of 10,876 last Fri. For example, Apple Inc. has lost $219b in market cap from the close of 1 Sep through 3 Sep which is larger than the market cap of Exxon Mobil Corp., for long the world’s largest company! In view of the recent decline, some clients have asked me which are the stocks that they can look at. Below is my compilation of the top ten stocks and the bottom […]

Title image - Avenue South Residence

The Skyscraper for Keppel+ Visionaries (22 May 20)

This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. There is rarely a time where we think a new condominium is almost a perfect 10, we think we finally found the one. This is one for both visionary homeowners and investors who would like to participate in two of Singapore’s most ambitious masterplan which we will elaborate further in the article. Sustainable desirability is an important trait that has to be built from the beginning and we believe that the condo […]

S&P500 10Y PEBD 1 Jul 19

Why am i cautious going into July… (2 Jul 19)

Dear all, With reference to my market write-up published on 29 May 2019 (click HERE), where I mentioned that the sell-off in the markets revealed interesting trading opportunities, markets coincidentally bottomed on 3 Jun 2019 and staged a strong recovery. I have already sold into strength and reduced my percentage invested in stocks from 150% in early June to 12% now. Personally, I am cautious in the market going into July. Why is this so?   Basis below 1) Markets jumped yesterday following the U.S. / China trade truce announced over the weekend, despite the lack of details on what […]

Uplift in property prices Jan 2018

Oxley – poised to benefit from Singapore’s property market upturn (10 Apr 18)

Dear all, Do you know that Oxley has the largest residential land bank in Singapore by number of dwelling units, based on an article in the Business times dated 23 Jan 2018? Based on a flash estimate from the Urban Redevelopment Authority, Singapore private home property prices jumped 3.1% in the three months to Mar 2018. This was the fastest since 2010. Notwithstanding such buoyant sentiment in home prices, Oxley’s share price has recently dropped to near six month low levels. Thus, I think it may be worthwhile to take a look at Oxley.   First, a description of Oxley […]

Chart 1 Hatten's chart as of 26 Sep 17

Hatten Land – poised to breach above $0.210 (26 Sep 17)

Hatten Land (“Hatten”) has been trading in a tight range $0.192 – 0.210 for the past two months. Recently, there seems to be a pick up in the volume traded for the past two days. Hatten’s chart looks positive on several fronts.   Chart analysis Based on Chart 1 below, odds seem high that Hatten may be poised to breach above $0.210 in the next couple of months. This is because a) The recent price increase (albeit mild price increase) is accompanied with volume. On the days which Hatten falls, it is accompanied with lower than average volume; b) A […]

Chart 1 Hatten's chart as of 10 Jul 17

Hatten Land – chart looks positive on several fronts! (10 Jul 17)

Pursuant to my previous write-up on 23 May 2017 (click HERE for the earlier write-up) citing the oversold nature on Hatten’s chart, Hatten has surged 20.2% from $0.183 on 23 May 2017 to close $0.220 on 10 Jul 2017. Hatten’s chart looks positive on several fronts.   Chart analysis Based on Chart 1 below, Hatten’s chart seems to have several positives. a) It is evident that the recent price increase is accompanied with volume. On the days which Hatten falls, it is accompanied with lower than average volume; b) A double bottom formation seems to have formed with the neckline breakout […]

Chart 1 Hatten's chart as of 23 May 17

Hatten Land – extremely oversold RSI 15; Analyst TP: $0.435 vs closing price $0.183 (23 May 17)

Hatten Land has dropped 39% from an intraday high of $0.300 on 28 Feb 2017 to close $0.183 on 23 May 2017. What has caused the sharp decline? Where is the bottom?   Possible reasons for the decline Personally, I believe the recent decline may be attributed in part to the following: a) Hatten reported losses for its 3QFY17 results due mainly to the RM87.8m expenses incurred in relation to the professional fees and acquisition costs arising from the Reverse Takeover exercise (“RTO”). It is noteworthy that these expenses are once off and non-cash in nature [click HERE for Hatten’s […]

Table 2_Strong sales track record and robust project pipeline

Hatten Land Limited – “Capitaland” of Malacca (10 Mar 17)

For those who have gone to Malacca, they may have seen some of the developments by Hatten Land. Some may have gone as far to say that Hatten Land in Malacca may be considered as our “Capitaland” (to some extent) in Singapore. For those who are not familiar with Hatten Land, below is a short write-up.   Company description Hatten Land is the property development arm of the conglomerate Hatten Group with business in property development, property investment, hospitality, retail and education. Based on their circular, Hatten Land’s core business (See Table 1 below), is to sell all developed units […]

chiwayland-chart-as-of-27-dec-16

CWG chart looks strong, despite price consolidation (27 Dec 16)

CWG International Limited (“CWG”), former Chiwayland, closed unchanged at $0.156 on 27 Dec 16. Based on Chart 1 below, notwithstanding the recent price consolidation, all its exponential moving averages (“EMAs”) are still rising strongly, indicative of an uptrend. OBV is at elevated levels despite the price consolidation (i.e bullish). Amid positively place directional indicators, ADX is around 25, indicative of a trend. RSI closed at 56. Although the usual benchmark for RSI’s overbought level is around 70, it is noteworthy based on historical records, its RSI can reach 90 before profit taking occurs. All in, the chart looks positive. A […]