After the Singapore Elections 2011, now it is the time to re-focus on the growth potential of Singapore Economy. As domestic activities increase, banks will be the key group of stocks to benefit, DBS has the greatest PE of 20 while UOB has the lowest PE of 11.4.Net earning growth % is the strongest in UOB. Based on the fundamentals…
Category: Investment Tips & Guides
USD Index, USD/SGD staged a recovery | Technical Analysis | Currency Markets
Few weeks back when I last did a post and recommended aggressive entry into major currencies against USD (especially USD/SGD pair), that was when $USD went as low as 72.60. This is among the multi-year lows. Now the $USD (USD Index) has staged a decent recovery and even breaches the top of the declining channel at 74.60. Slight formation of…
Starhub (CC3) – a good defensive play during uncertainty period and post Singapore Election 2011 | Technical Analysis | Stock Markets
On 5th May 2011, StarHub (CC3) Ltd reported its 1Q11: 1) Revenue inching up 0.2% YoY to S$558.5m (fell 0.1% QoQ due to seasonality), 2) Net profit, on the other hand, jumped 62.1% YoY to S$69.1m (but slipped 14.1% QoQ). StarHub has declared a quarterly dividend of S$0.05/share, payable on 2 Jun 2011. For the entire 2011, StarHub continues to…
Silver prices tumbled heavily for the first time in months with curb in speculations | Technical Analysis | Commodities Market
In the midst of Osama Bin Laden’s death, there were strong market reactions on Monday. It would seem that the 13% plunge of Silver on Monday trading to $42.20 an ounce earlier was the effect of the news. Sadly, this is only the partial trigger. Monday was the first full session after the increase in margin requirements. Initial margin requirements…
Osama Bin Laden is dead – How will Silver, Gold and Oil prices react? | Financial Review | Stocks & Commodities
On 2nd May 2011, one day after Singapore Labor Day, US President Obama officially announced that Osama Bin Laden was killed in a joint raid overnight Sunday in Pakistan’s northwestern district of Abbottabad, some 40 miles from Islamabad. The town also is home to a Pakistani military academy. Two American helicopters took part in the operation, the official said. One Pakistani…
US GDP data – still shows a weak US economic state | Financial Review | US Economy
Last night (29th April 2011), US released their latest US GDP economic data which shows that United States GDP increased at an annual rate of 1.8 percent in the first quarter of 2011. In the fourth quarter, real GDP increased 3.1 percent. The positive contributions came from: – personal consumption expenditures (PCE)– private inventory investment,– exports, and – nonresidential fixed investment The…
Yangzijiang Shipbuilding (BS6) reports good quarterly results but the prices are not as promising | Technical Analysis | Singapore Stock Market
Yangzijiang Shipbuilding (BS6) reported a 14% YoY rise in revenue to RMB3.05b and a 63% increase in net profit to RMB954.9m in 1Q11.The boost in net profit was mainly contributed by an increase in gross profit margin (27% in 1Q11 vs 23% in 1Q10) and higher other gains comprising mainly foreign exchange gains. 17 vessels were delivered in 1Q11, while…
Keppel Corporation (KepCorp) – Rising star to weaken? | Technical Analysis | Singapore Stock Market
KepCorp has always been a blue chip darling since Oct where its stock price has been in uptrend since then from a value of $8.50 to as high as $12.90, representing a return of more than 50% within 6 months. Stock price are well supported by the moving averages and PSAR. Upward channel is still intact. However, when it still…
Cosco – short term economic threats should not jeopardise long term recovery | Technical Analysis | Singapore Stocks
It has been awhile since I last touched on Cosco. During Feb 2011 when I last issued a sell call on technical weaknesses, the stock has tested a significant low of $1.80. That was worsened by the Japan Earthquake which causes much anxiety on a standstill or worsening of the world global recovery. Near term basis, shipbuilding activity and traffic…
Gold prices soar with the weakening of USD | Technical Analysis | Commodities
As we see the USD index depreciating to 3 years low against other major currency, it is no surprise that USD pegged commodities saw significant uptrend. Of greater interest is Gold. Earlier in the month when I last posted my analysis when Gold started to forma consolidating wedge with resistance around $1440, there were signs of bearish divergences in RSI,…