Table 2_Most oversold stocks by RSI

Hang Seng & STI have fallen close to 2,900 & 250 points in one month! (28 May 19)

Dear readers, Asian markets have fallen quite a bit in the past one month. For example, Hang Seng has fallen close to 2,900 points since touching a high of 30,280 on 15 Apr to trade 27,391 which is the low last seen in January. STI has fallen almost 250 points from an intraday high of 3,415 on 29 Apr to close 3,165 today. Looking at the indices may be deceiving as many shares have fallen a lot. For example, based on Table 1 below, most stocks have fallen at least 10%, with Sembmarine tumbling almost 17% in less than a […]

SIA Analyst 24 May 19

SIA nears 10-year low price amid 10-year low valuations! (26 May 19)

Dear all This week, our National Carrier SIA caught my attention with its 10% fall in the past three months to close $9.17. At $9.17, it has fallen to close to the lows last seen in Oct 2018 and May 2009. In fact, when I informed my clients on SIA on 23-24 May, it was trading around $9.10-9.11 which is the lowest last seen in the past 10 years! Given the basis below, my personal view is that SIA may be presenting a favourable risk reward setup for a long trade. Do take a look at the basis and more […]

STI chart as of 27 Mar 19

S&P500 logged its largest one day fall since Jan. Buy more, or head to the exit? (27 Mar 2019)

Dear readers, Last Fri, S&P500 logged its largest one day fall since 3 Jan 2019, due in part to the weak European PMI and the yield curve inversion between U.S. 3-month bill and 10-year note yields. At the time of writing this, Dow closed 0.55% higher on Tues as U.S. 10 year bond yields stabilise. Is last Fri’s fall the precursor to something more serious? Or it is a false alarm?   First things first, what are the reasons for the sharp rally since late Dec? S&P500 has rallied approximately 20.1%, or 471 points from the intra-day low of 2,347 […]

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 […]

S&P500 chart as of 29 Mar 18

Island reversal; potential Dow Theory sell signal… What does this mean for our markets? (30 Mar 18)

Dear all, Besides the headline grabbing news on Facebook and the U.S. China trade tariffs etc. some of you may have noticed other equally interesting / alarming headlines such as the island reversal chart formation seen in Nasdaq 100 (click HERE) and Nasdaq Composite index, and reports that a potential “Dow Theory” sell signal, one of the oldest and arguably the most widely followed market timing tool, may happen anytime (click HERE). What should we do? Let’s take a closer look at the charts and my personal action plan.   S&P500 closed 2,640. Day range 2,610 – 2,659 Based on […]

CCB chart 23 Mar 18

HK listed China banks to report results this week – potential trading opportunities? (23 Mar 18)

With reference to my earlier write-up (click HERE), besides SGX listed stocks, clients and readers can consider to take a look at some of the China banks listed on HK stock exchange. They may be interesting due to their upcoming results which may present some potential trading opportunities, especially when some of them have fallen 13-14% from their recent highs on 29 Jan 2018.   Why do I choose HK listed China banks, instead of our local banks for potential trading opportunities? 1. On a macro picture, Hang Seng seems to be slightly stronger than STI based on chart. For […]

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 […]

Fig 1 Selected Developer affected by QC and ABSD 30 Jun 16

Profit from the Panic – Developers’ Deadlines? BREXIT? (30 Jun 2016)

Profit from the Panic – Developers’ Deadlines? BREXIT? (Guest post) – Developer’s deadlines to sell units are reaching – Where are the opportunities? – Is the Singapore Property Market bottoming out? – If ABSD is removed who will benefit the most? – Does BREXIT pose risks to Singapore Property Markets? What are the other risks?   Developers’ deadlines to sell units are reaching – Where are the opportunities? With many developers hitting their deadlines for Qualifying Certificate (QC) – which need to sell within 5 years of construction else fined 8/16/24% for 1st/2nd/3rd year OR ABSD (developers to pay 15% […]