DBS analyst TP 26 Mar 18

DBS – potential trading idea going to XD (26 Mar 18)

Dear all, Based on a simple tracking of DBS’ share price performance from CD to XD, on average, DBS seems to move approximately 4-9% above its CD price, nearer to XD (translating to around S$27.86-29.13). See Table 1 below. DBS is going to XD $1.10 on 3 May. Table 1: DBS’ share price performance from CD to XD Source: Ernest’s compilations   What are the analysts saying? Based on Figure 1 below, average analyst target is around $31.15. At $27.21, this represents a potential capital upside of around 14.5%. Estimated div yield is around 4.1%. There are 17 buy; 6 […]

Table 1_Top five stocks with the highest estimated total potential returns 21 Mar 18

S&P500 – closed below its 200D EMA – a 1st since Nov 2016! (23 Mar 18)

Dear all, Previously, I mentioned in my write-up dated 21 Mar that I am avoiding the event risk of the U.S. tariff package against Chinese (click HERE). This proves timely as S&P500 fell 129 points, or 4.7% from 2,717 on 20 Mar to close 2,588 on 23 Mar. At 2,588, S&P500 has made its first close below its 200D exponential moving average (“EMA”) since Nov 2016. Why and how is this significant?  During the sharp 10% drop in the first part of Feb 2018, S&P500 has not closed below its 200D EMA. Furthermore, most technical analysts are watching this level […]

Koda's chart 18 Mar 18

Koda slumps 43% since hitting a high of $1.095 on 31 Oct 2017. What gives? (20 Mar 18)

Koda has dropped 43% from an intraday high of $1.095 on 31 Oct 2017 to close $0.625 on 16 Mar 2018. Has Koda’s fundamentals deteriorate since Oct 2017 to warrant such a massive price decline? I have the privilege of meeting Mr Joshua Koh, CEO of Commune Lifestyle Pte Ltd (“Management”) for a 1-1 discussion over Koda / Commune’s operations and prospects.   Koda’s & Commune’s background Koda was established in 1972 by Mr Koh Teng Kwee. It started by producing wooden TV and speaker cabinets. Since its inception, Koda has progressed from being an Original Equipment Manufacturer (OEM) to […]

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5 facts you must know before your next property investment (Feb 2018)

5 facts you must know before your next property investment (Guest post) Over the past 3 months, the media has been reporting mostly good news about the Singapore Property Market and Local Property Brokers have been upbeat about the property market. Against a backdrop of what looks like a very promising – The Great Singapore Upgrade for the Property Market, this article attempts to provide deep insights that investors should consider as well as questions investors should be asking. Below are three facts which most investors already know in the Singapore Residential Property Market : 1. Transaction volumes are increasing […]

Thai Bev analyst target price dated 23 Feb 18

ThaiBev drops to almost a two-year low. Will it go lower? (23 Feb 18)

ThaiBev has dropped 12% from an intraday high of $0.920 on 14 Feb 2018 (before the results) to trade at $0.810 on 23 Feb 2018. At $0.810, this was the lowest last seen on 13 May 2016. Will it go lower?   Chart analysis Based on Chart 1 below, ThaiBev is entrenched in a strong downtrend with all the exponential moving averages (EMAs) moving lower, coupled with death cross formations. The breakdown at $0.895 points to an eventual measured technical target of $0.805 which is attained today. Since its result release on 14 Feb after market, the volume of shares […]

Top 5 SIN listed stocks sorted by potential return 8 Feb 18

Global indices have tumbled 6% since their recent high. Will they go lower? (7 Feb 18)

Dear all, With reference to my earlier write-up citing that “Volatility in the market is among the lowest in 118 years…” (click HERE), I guess the old saying is still true. i.e. “Be careful of what one wishes for”, especially in the equity markets! Global indices have recently tumbled at least 6% since their recent high. Will markets fall further?   S&P500 closed at 2,682 S&P500 has swung from an intraday high of 2,873 on 26 Jan 2018 to touch an intraday low of 2,593 on 6 Feb 2018. 20D and 50D exponential moving averages (“EMAs”) are turning downwards. Other […]

Ying Li chart as of 12 Dec 17

Ying Li’s chart – consolidating nicely around $0.14+, before the next up-move? (12 Dec 17)

Ying Li’s chart seems to be consolidating nicely around $0.14+. Where will it go from here?   Personal chart observation With reference to Chart 1 below, Ying Li surged to an intraday high of $0.164 on 28 Nov 2017 immediately after the divestment announcement (See elaboration and announcement link below), before profit taking set in. Since then, Ying Li seems to be consolidating around $0.14+. Since 16 May 2017, Ying Li has been setting higher lows and higher highs. All the exponential moving averages (“EMAs”) have either stopped declining, or are moving higher. Although Ying Li’s share price has languished […]

Chart 1 Hatten's chart as of 3 Nov 17

2 companies to watch out as markets reach new highs (3 Nov 17)

Based on yesterday’s close, Nasdaq clocked a 63rd record close for 2017 and overtook the previous 62 record closes for 1980! S&P500, Nasdaq and Dow registered their 25th record close for 2017 simultaneously, matching the record established in 1995. On our local front, STI approaches a more than two year high. 2017 has not ended yet. For those investors who have not invested much, are they too late to the party? Are there still stocks with scope for potential upside? Personally, I believe that there are two companies, namely Hatten Land (“Hatten”) and GSS Energy (“GSS”) with interesting charts and […]

Table 1_How GSS Energy fare against other tech stocks since 25 Sep 2017

GSS Energy – Personal view from technical and fundamental aspects (6 Oct 17)

In my technical write-up on GSS Energy (“GSS”) dated 14 Sep 2017 (click HERE), I highlighted the possibility that GSS may be on the verge of forming a potential inverse head and shoulder formation. For this write-up, I have put in my personal view based on both technical and fundamental aspects. Read below for more.   Technical outlook – bullish Why do I feel the chart looks positive? a) Previously, in my earlier technical write-up, I mentioned that a breach above $0.157 with volume and on a sustained basis points to an eventual measured technical target of around $0.186. GSS […]

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 […]