Banyan Tree chart as of 17 Apr 17

Banyan Tree – collaborations with AccorHotels and Vanke may spark re-rating (17 Apr 17)

Banyan Tree recently clinched two noteworthy strategic partnership with AccorHotels and Vanke on 8 Dec 2016 and 23 Jan 2017 respectively. Since 23 Jan 2017, Banyan has largely traded between $0.465 – 0.530. It closed at $0.510 on 17 Apr 2017. If a company can catch the eyes of China’s largest property player Vanke and Europe’s largest hotel group / the world’s fifth largest hotel group AccorHotels, there must be some merit to it. I have managed to fix an exclusive 1-1 meeting with Mr Eddy See, Group MD and Mr Clement Ong, Head of Strategic Planning & Investment (“Management”) […]

sino-g-chart-as-of-26-sep-16

Sino Grandness – on the verge of testing critical supports (26 Sep 16)

Sino Grandness has slumped 45% from an intraday high of $0.785 on 7 Jun 2016 to $0.435 on 26 Sep 2016. Sino Grandness has broken its support at $0.450 on 22 Sep 2016 with a larger than average volume. It is on the verge of testing an important support around $0.415 – 0.425. If this breaks with volume and on a sustained basis, it will be pretty bearish. Based on Chart 1 below, it remains entrenched within a strong downtrend with death crosses forming on its 21D and 200D EMA and 50D and 100D EMA. RSI is trading at around […]

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 […]