Ernest Lim's investing blog

Unique insights into SGX small caps

Month: May 2014

ISOTeam – On the verge of chart breakout

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ISOTeam has been testing the resistance of $0.400 – 0.405 on six occasions since 20 Jan 2014. There was a spike in RSI and ADX levels as the share price tested $0.400 – 0.405 on 9 & 12 May. RSI went to an all time high of 77.4 on 9 May. For the next four trading days (14 – 19 May), the share price consolidated around $0.380 – 0.405 and closed at $0.385 today (Monday). Due to this consolidation, ADX and RSI have fallen to more comfortable levels. RSI closed at 52.0 today. Based on Chart 1 below, ISOTeam remains on an uptrend, supported by the rising […]

Gallant Venture – Huge land bank @Bintan may be re-rating factor

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Gallant Venture is a commercial developer, integrated master planner and manager for industrial parks and resorts in Batam and Bintan. Based on its annual report 2013, it has the backing of key shareholders such as Salim (74.5%) and Sembcorp Industries (12.0%). As of 30 Apr 14 closing price at $0.300 Gallant’s market cap is S$1.45b. Notwithstanding its large market capitalization, there is no analyst coverage. There are some key factors which cause me to take a closer look at Gallant now. 1.     Huge land bank in Bintan totaling 18,000 hectares Gallant has significant land bank in Bintan totaling approximately 18,000 hectares. According to Gallant’s company website, the land […]