Ernest Lim's investing blog

Unique insights into SGX small caps

Month: October 2013

Sembmarine – potential multi month breakout of base formation

el15

With reference to Chart 1, Sembmarine may be in the process of breaking out a multi month base formation, as it has breached 4.60-4.61 with volume expansion. Chart 1: Sembmarine – potential multi month breakout Source: CIMB itrade complimentary chart (18 Oct 13) Chart observations 1.     Chart seems to be forming a giant 6 month bottom formation. In addition, it seems to have broken from the downtrend since Apr 2011. This line is significant as it has 5 – 6 anchor points. Supports around 4.59 – 4.61 / 4.55-4.56 / 4.52. Resistances around 4.65 – 4.66 / 4.71 / 4.78. Chart 2: Sembmarine – Broke the […]

Sino Grandness – Asdew, Fidelity and CEO up stake. What gives?

el15

Since my writeup in Oct 2012 where Sino Grandness (“SFGI”) was trading at $0.23 (post split basis), it has more than tripled to an intraday high of $0.800 on 28 May 2013 before retracing to the current price of $0.640. In addition to share purchases made by Asdew and SGFI’s CEO Mr Huang, Fidelity is the latest institution to become a substantial shareholder of SFGI. It seems like there has been quite a lot of interest in SFGI. Let’s take a look at SFGI’s recent and potential developments. 1HFY13 results – Good momentum 1HFY13 revenue and net profit jumped 29% and 24% y/y to RMB972m and RMB174m respectively. […]