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Friday 23 May 2014

Comex Market Updates: Daily Technical Analysis

GOLD
Holdings of the SPDR Gold Trust fell 3.3 tonnes to 776.89 tonnes on Wednesday, the lowest since December 2008. The outflow was the biggest since April 30. Though Gold prices in the international markets gained Yesterday as the minutes from the Federal Reserve suggested that central bank would note raised interest rates soon.
Forecast
Gold price are expected to trade in the consolidate range.
SILVER
ETF Holdings of New York’s iShares Silver Trust SLV, fell by 35.86 tonnes stood at 10,284.40 tonnes from previous business day.
Spot silver prices rose by 0.4% in yesterday’s trade diverging from the gains in gold prices. A sharp upside was capped on account of strength in the DX.

Forecast
Silver prices are expected to trade consolidate in a range.
CRUDE
NYMEX CRUDE ended lower yesterday on profit booking after the rally a day before by ongoing violence in Libya and positive economic data in China and the United States. Prices fell after the release of the weekly Jobs numbers from the US which increased to 326,000, higher than markets estimates of 310,000. Along with this some selling pressure was also seen in the market. WTI crude fell 0.3% to 103.75 barrel as data came from US on housing and jobs too came weaker than expected. ICE Brent also pulled back some gains close to $110.40 barrel.
Overall though broad bullishness remains in the US crude which took strong upward momentum out of the better stocks data recently. As also reported earlier, DoE said crude stockpiles fell 7.2 million barrels to 391.3 million for the week ended May 16.
Overall a broad bullishness is seen in the US crude which took strong upward momentum. According to the DOE crude stockpiles fell 7.2 M barrels to 391.3 M for the week ended May 16.
There are some positive signs for demand in gasoline consumption as the demand in market over the past four weeks increased to 8.94 MBPD, its highest level since November and up 5.3% on a YoY comparison. So refiners churn more oil for producing gasoline.
Forecast
Crude oil prices could trade sideways.
TODAY’S DAY RANGE
COMMODITY S1 S2 R1 R2
GOLD 1290 1280 1298 1310
SILVER 19.00 18.50 20.00 20.50
CRUDE 103 102.50 104 104.50
DAY’S HIGHLIGHT
  • US Unemployment Claims rose to 326,000 for w/e on 16th Apr’14.
  • Euro Zone Manufacturing PMI fell to 52.5-mark in current month.
  • SPDR Gold holdings fell 3.3 tonnes to 776.89 tonnes on Wednesday.
  • UK’s Second Estimate GDP unchanged at 0.8 percent in Q1 of 2014.
Data Update for 23th May 2014
Time Currency Particular Actual Forecast Previous
7:30am CNY CB Leading Index m/m 0.90%
1.10%
11:30am EUR German Final GDP q/q
0.80% 0.80%
1:30pm EUR German Ifo Business Climate
111 111.2

EUR Italian Retail Sales m/m
0.30% -0.20%
Day 2 EUR European Parliamentary Elections


6:00pm CAD Core CPI m/m
0.20% 0.30%

CAD CPI m/m
0.30% 0.60%
6:30pm EUR Belgian NBB Business Climate
-4.7 -4.6
7:30pm USD New Home Sales
426K 384K

Wednesday 14 May 2014

Singapore Market: STI Technical Analysis Report

Market Review for STI:
STI performed well today as opened up by 22 points @3245 and buyers made the market bullish, the high of 3261.32 was marked on the chart and today’s closing was @3259.09
STI Day Performance
Open 3245.99
High 3261.32
Low 3244.08
Close 3259.09
Change(Points) 36.60
% Change 1.14
Volume 1711.3M
Rise 235
Fall 157
Unch 689
Market forecast for STI:
STI formed a long Green candle for the day and broke the resistance of 3250 some up move is expected in the coming session as the buyers are abrasive to take the market for the new levels.
Technical indicators:
RSI is above the centre line @57.53, where CCI @27.71
STI LEVELS
Support 1 3250
Support 2 3240
Support 3 3225
Resistance 1 3270
Resistance 2 3280
Resistance 3 3299
Important Factor for today:-
  • CNMC attained a net profit of US$1.26 million (S$1.58 million) with a large jump in gold production, recovered a loss of US$0.6 million the year before.
  • The share prices of Hotel Properties Limited (HPL) rises from S$3.50 to S$4 a share .This is because of 68 Holdings Pte Ltd company who agreed to buy 17.1 million shares @ S$4 each.
  • United Overseas Bank Limited’s (UOB) awarded with a rating of “BBB” by Fitch rating Agency.
  • Profit for CDW Holding was announced yesterday with a sharp fall of 50.4% where a year ago it was 1.41 million major reason that pull the profit was higher material cost so the earning per share (EPS) came @0.30 US cent and Revenue grew 2% to US$34.75 million
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ComfortDelGro 2.21 4.25 ThaiBev 0.595 -0.83
Jardine C&C 45.7 3.91 StarHub 4.11 -0.72
CapitaLand 3.13 2.96 HongkongLand USD 6.93 0.14
Global Logistic 2.82 2.92 CityDev 10.8 0.19
JMH 400 USD 61.42 2.37 SIA 10.24 0.39
Market Review for KLCI:
Today KLCI opened at 1874.19 almost 8 points up from the previous closing and took a Upside, made a high of 1879.64. buyers were fully active in todays session and took the KLCI to a new level.

KLCI Day Performance
Open 1874.19
High 1879.64
Low 1873.35
Close 1879.02
Change(Points) 13.12
% Change 0.70
Volume 1826.8M
Rise 521
Fall 283
Unch 1358
Market forecast for KLCI:
As today KLCI had broken the major resistance of 1870 and set a new level on the chart as today’s session had marked a major gap up opening and now there is a possibility that the market can took some correction to cover the gap where all the technical are showing bullish sign.
KLCI LEVELS
Support 1 1870
Support 2 1860
Support 3 1850
Resistance 1 1890
Resistance 2 1900
Resistance 3 1905

Tuesday 13 May 2014

Vicom: Company Profile & Business Model


VICOM Ltd is Singapore's leading provider in technical testing and inspection services. A pioneer in vehicle inspection, The VICOM Group is a subsidiary of ComfortDelGro Corporation Limited, the world's 2nd largest transport company. It comprises VICOM and JIC Inspection Centres and SETSCO Services. These centres are all located at convenient locations throughout Singapore.
Recognised for our service quality and efficient business practices, our expertise has also extended abroad to countries in Asia and the Middle East. As early as 1985, we were consultant/adviser to OMACO of Saudi Arabia and helped set up inspection centres there. In 1995, we offered consultancy services to MCM (Malaysia) and also Bangladesh. In 2003, we were jointly involved with ATB Services in the vehicle inspection project for Land Transport Department of Brunei.
Corporate Development
Vicom is performing in various business segment and had a vast business expansion plans like:-
  • Chemicals
  • Calibration & Measurement
  • Consumer Goods
  • Construction
  • Electrical & Electronics
  • Environment
  • Food & Biology
  • Industrial & Manufacturing
  • Medical & Pharmaceutical
  • Oil & Gas, Petrochemical
Profit & Loss
Q1 FY 2014
Q1 FY 2013
Growth %
Revenue
26,897
26,03
3.31%
Profit Before Tax
9,669
9,144
5.74%
Profit Attributable To Shareholders
8,013
7,463
7.37%
As compare to the other counter in the sector the Tritech is giving good return than any other counter on annual term and is at a right price to enter in the counter.
Reading into Vicom Annual Report
Total Equity increased by $8.1 million to $138.2 million as at 31 March 2014 due mainly to profits generated from operations, partially offset by dividend payment to non controlling interests.
Total Assets increased by $6.1 million to $164.5 million as at 31 March 2014 due to the increase in Current Assets by $6.2 million. Total Liabilities decreased by $2.0 million to $26.3 million as at 31 March 2014 due mainly to the payment of variable bonus in March 2014
The net cash inflow in the quarter was $6.4 million.
Fundamentals Analysis
Fundamentals
Values
EPS (S$)
0.321
PE
18.37
Dividend (S$)
0.16
Dividend Yield(%)
2.72
NAV(SGD)
1.55
Market Cap
522.82
Issued & Paid-up Shares
88,614,000
Price / NAV
3.08
Revenue
The Group’s total revenue was $26.9 million for 1Q14 was $0.9 million or 3.3% higher than 1Q13, contributed by higher business volume.
Operating Expenses
The Group’s operating expenses were of $17.4 million for 1Q14 was $0.4 million or 2.3% higher than 1Q13 due mainly to the higher expenses needed to generate the increased revenue.
Operating Profit
Consequently, the Group’s operating profit of $9.5 million for 1Q14 was $0.5 million or 5.2% higher than 1Q13. The Group’s profit before tax of $9.7 million for 1Q14 was $0.5 million or 5.7% higher than 1Q13.
The Group’s Profit attributable to Shareholders of the Company of $8.0 million for 1Q14 was $0.6 million or 7.4% higher than 1Q13
As per the return on the investment and security, Vicom is a good counter to hold for 6 or 12 months to 18 months.
Comparison of Vicom & transport sector.
Return
PE
Rolling PE
Price / NAV
Dividend Yield (%)
Vicom
18.378
18.030
3.8060
2.725
TRANSPORT Sector
24.968
25.212
1.5540
3.033
Technical Analysis
Currently the counter is trading in a very range bound phase and had bounded itself into very close Support of 5.8 and Resistance of 5.9 else the tec. Indicator RSI is above the centre line @76.90, is about to go in overbought condition. CCI is @67.17. we can expect the counter to take a up move and break the resistance in coming sessions.
#Bullish Consolidate
After having a detail study on the Vicom the counter is in consolidate up side phase. But overall the counter (Technically & Fundamentally) is in a bullish trend and is good to hold for a long term.

Tuesday 6 May 2014

Singapore Stock Market Technical Analysis View

Market Review for STI:
STI made a gap up at 3249.13 in the today’s session, a jump of almost 8 points was noticed at the time of opening. Later it came down and made a low of 3242.39 and closed near to low @ 3245.56.
STI Day Performance
Open
3249.13
High
3250.66
Low
3242.39
Close
3245.56
Change(Points)
3.96
% Change
0.12%
Volume
1242M
Rise
221
Fall
178
Unch
678
Market forecast for STI:
STI formed a red candle for the day. Today it was third continuous day for STI to form Red candle in a line. As it is standing on the major support of 3240. A little consolidation is expected in tomorrow’s session.
Technical indicators:
RSI is just above the centre line the centre line @56.62 Where CCI is @ 19.37
STI LEVELS
Support 1
3235
Support 2
3225
Support 3
3210
Resistance 1
3255
Resistance 2
3265
Resistance 3
3280
Important Factor for today:-
  • Purchasing Manager’s Index (PMI) for Singapore increased to 51.1 in April where in March it was 50.8 was in March.
  • Singapore Iron Ore Week starts from today to 8th May 2014.
  • Singapore Exchange announced that the total traded value of Securities fell from 17% to 25.8 Billion in April where the Commodity trading and the Clearing activity grew on YOY basis.
  • Q4 net Profit of SIAEC engineering fall to 1.1% to S$65.2 million.
  • Acquisition of 89.18% Stake was made in Natural Gas Business in China from China Print Power, valued to HK$ 515.4 Million.
  • Cash earning of S$15.3 million for Q4 ended 31 March 2014 published by CitySpring
Top Gainers
Top Loosers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
Genting Sing
1.345
2.67
SPH
4.14
-1.43
ThaiBev
0.61
1.67
Golden Agri-Res
0.61
-0.81
CityDev
10.89
1.02
HongkongLand USD
6.76
-0.59
UOB
21.61
0.75
Jardine C&C
44.77
-0.4
HPH Trust USD
0.68
0.74
Global Logistic
2.78
-0.36
Market Review for KLCI:
KLCI opened flat today @1860.35 and made a high of 1864.23 where it closed at the same of opening point of 1860.43, low of the day was 1856.85
KLCI Day Performance
Open
1860.35
High
1864.23
Low
1856.85
Close
1860.43
Change(Points)
-0.11
% Change
-0.01
Volume
1467.4M
Rise
460
Fall
273
Unch
1428
Market forecast for KLCI:
A long green Doji candle was formed for the day with a very small body and a long upper and lower shadow for the day. we expect a little correction for tomorrow’s trading session.
KLCI LEVELS
Support 1
1850
Support 2
1840
Support 3
1825
Resistance 1
1870
Resistance 2
1880
Resistance 3
1895
Technical indicators:
RSI is just above the centre line @ 54.20 where the CCI is performing at 26.22
Top Gainers
Top Loosers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
HLBANK
13.84
0.73
BAT
61.2
-1.29
MAXIS
6.97
0.72
ASTRO
3.27
-1.21
FGV
4.54
0.44
PETGAS
23.36
-0.68
SIME
9.48
0.42
PCHEM
6.76
-0.59
IOIPG
2.66
0.38
HLFG
15.02
-0.53