Singapore Stock- Weekly Technical Analysis Report 27-31 Aug

Weekly wrap of STI:

STI opened at 3231.81 for the week and ended higher at 3274.25 .STI was 51 points up and made a high of 3274.25 for the week. The Resale Price Index fell by 1.7% from 195.7 in 2nd Quarter 2014 to 192.4 in 3rd Quarter 2014. Resale transactions increased by 2.8% from 4,389 cases in 2nd Quarter 2014 to 4,513 cases in 3rd Quarter 2014. Prices of private residential properties decreased by 0.7% in 3rd Quarter 2014, following the 1.0% decline in the previous quarter. 

STRAIT TIMES WEEKLY WRAP
Open	3231.81
High	3274.25
Low	3206.21
Close	3274.25
Change (Points)	51.7
% Change	+1.57%

This was the fourth straight quarter of price decline. The stock of completed private residential units (excluding ECs) increased by 4,512 units in 3rd Quarter 2014. Redundancy rose in the third quarter of 2014, reflecting the impact of restructuring. Some 3,400 workers were laid off, up from 2,410 workers in the preceding quarter and 2,710 in the third quarter of 2013.Traders and investors appear generally reluctant to load up on stocks ahead of a two-day meeting by the US Federal Reserve's policy-setting committee.

Market Forecast for week ahead:

It is expected that the market took a weekly rebound and is in uptrend from the level of 3180 till 3274. A further up movement can be seen in coming week with STI trading in t he range of 3240-3320.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3240	3220	3200	3300	3320	3340

Technical Indicators:

RSI is indicating bullishness and is at 51.55 and is at and CCI is at -66.57.Both the indicators are showing bullishness towards the prices. MACD is indicating at 1.67.

Macroeconomic factors:

• The Singapore Exchange's chief regulatory officer has resigned.Richard Teng will leave the bourse operator on Feb 28 next year to become CEO of Abu Dhabi Global Market Regulator, SGX said in a statement.
• TUAN Sing Holdings has reported net profit of S$17.53 million for the third quarter ended Sept 30, 2104, triple the S$5.76 million net earnings it posted in the same year-ago period.
• Singapore Exchange's (SGX) new framework for secondary listings to encourage companies from developed markets to list here will be implemented from next Monday, the exchange said. The move follows a public consultation on the changes in June, which lasted a few weeks.
• Singapore's Ministry of Manpower said the unemployment stayed low and steady for the third quarter of 2014.Overall seasonally-adjusted unemployment rate came in at 1.9% for 3Q14, down from 2.0% in 2Q14, the manpower ministry said in its Employment Situation, Third Quarter 2014 report out this morning.
• Companies with a secondary listing in Singapore but are not listed in any jurisdiction classified as "developed" by FTSE and MSCI may soon be placed under greater regulatory scrutiny.In a bid to better regulate companies with a secondary listing here, the Singapore Exchange may impose additional requirements on those whose home exchange is deemed "developing", it said in a statement today.
• Global Logistic Properties has inked new lease agreements in China totalling 68,000 sq m.The tenants are retailers and third-party logistics service providers in Eastern and Midwestern China, GLP said in a statement.They include Goodaymart, a logistics joint venture between Alibaba and Haier.
• Singapore stocks ended generally higher but pared most of their earlier gains as investors took some money off the table ahead of comments tonight by the US central bank after it ends its two-day policy meeting.
• Yoma Strategic Holdings' September quarter earnings tripled on the back of a fair value gain on its investment properties.Earnings for the September quarter (FY2Q2015) rose to $10.8 million from $3.3 million a year earlier as the Myanmar-focused diversified business group booked a $8.1 million fair value gain on its Star City project, a major residential and commercial development.
• Singapore is the best country to do businesses in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined.
• OSIM International saw a 28% fall in earnings for the 3Q ended Sept to $16 million from $23 million a year ago.Basic earnings per share fell from 3.14 cents to 2.11 cents correspondingly.Revenue grew 3% to $158 million from $153 million a year ago.

Sector Allocation Chart

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	171,305,000	295,979,129	46	13	22
Multi-Industry	32,977,000	99,038,065	11	3	4
Construction	109,797,000	11,092,012	11	6	25
Commerce	208,218,000	115,055,733	35	12	52
Hotels/Restaurants	4,060,000	1,924,835	4	3	10
Transport/Storage/Communications	102,202,380	197,371,880	26	8	14
Finance	37,291,240	330,473,473	18	2	28
Manufacturing	331,967,633	137,322,650	88	30	140
Services	627,015,980	170,267,280	67	15	71
Agriculture	39,305,000	28,674,869	5	0	4
Mining	32,756,000	10,271,003	7	1	4
Electricity/Gas/Water	895,000	781,255	1	0	1
Shares in Foreign Currencies	35,018,435	91,400,489	33	7	111
Total	1,732,808,668	1,489,652,673	352	100	486

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SGX- STI Technical Analysis 30 Oct

Market Review for STI:
Singapore share prices opened higher with the straits times’ index up 8.52 points to 3,232.55. The Singapore market appears to be struggling for direction as investors digest comments on the us economy by the Federal Reserve, which declared overnight an end to its quantitative easing programme. Asian markets were mixed Thursday while the dollar resumed its upward march against the yen after the Federal Reserve wound up its vast bond-buying scheme and reiterated its plan to keep interest rates at record lows.

STI Day Performance
Open	3225.60
High	3234.31
Low	3219.62
Close	3224.31
Change(Points)	+10.28
% Change	+0.32%
Volume	1116.2M
Rise	159
Fall	178
Unch	454

Market forecast for STI:
STI was exactly in the range of 3210-3240 and lying upper in Bollinger band .So we may expect up movement in next trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3180	3240	3250	3260

Technical Indicators:
RSI is at 49.47 and CCI is at 34.27

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
THAIBEV.SG	0.765	2.68	CITYDEV.SG	9.39	-1.98
UOB.SG	22.46	1.95	COMFORTDELGRO.SG	2.52	-1.56
SIA ENGINEERING.SG	4.72	1.94	HPH TRUST USD.SG	0.66	-1.49
GENTING SING.SG	1.055	1.93	OLAM INTL.SG	2.09	-1.42
HONGKONGLAND USD.SG	6.93	1.61	JARDINE C&C.SG	39.63	-1.17

Important Factor for today:-

• Parkway life real estate investment trust (plife reit) has declared a dpu of 2.90 cents for 3q 2014 ended sept, 8.9% higher than the 2.66 cents in the same quarter last year (3q 2013).plife reit's distributable income for for 3q 2014 was $17.6 million.
• Indofood Agri resources has reported a small rise in 3q2014 earnings and sounded a cautious note on business in the coming quarters. the palm oil producer's earnings for the September quarter rose 1.6% y-o-y to idr124.8 million ($13.2 million), with higher revenue partly offset by increased finance costs. Ebitda profit margins were four percentage points lower at 20%.
• Osim international shares are still falling even after their 14% plunge yesterday, as the massage chair maker's weaker-than-expected 3q2014 results continue to fuel concerns that earnings in the coming quarters may also disappoint.
• Shares of Yongnam holdings gapped up at the start of trading, rising as much as 22.5%, as investors gave their thumbs-up to the engineering and construction firm for clinching a mega contract to build an airport in Myanmar.
• Broad-based loan growth, record fee income and higher net interest margins lifted Oversea-Chinese Banking Corp's core earnings by 11% in 3Q2014.Core earnings for the September quarter came in at $841 million, compared with $759 million a year earlier.

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Singapore Share Market Outlook for STI 29 Oct

Market Review for STI:
STI opened at 3217.74, taking their cue from US stocks, Singapore shares are higher as the market rides the positive momentum overnight on Wall Street, where better-than-expected earnings and upbeat consumer sentiment prompted investors to load up on risk assets. High for the day was marked at 3230.10 and low at 3216.96.

STI Day Performance
Open	3217.74
High	3230.10
Low	3216.96
Close	3224.03
Change(Points)	+12.38
% Change	+0.39%
Volume	1133.9M
Rise	247
Fall	139
Unch	758

Market forecast for STI:
We may see a range bound movement in the next trading session, ranging from 3210-3240.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3210	3200	3190	3230	3240	3260

Technical Indicators:
RSI is at 46.99 and CCI is at 10.16.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL.SG	2.12	3.92	ASCENDAS REIT.SG	2.24	-3.03
UOB.SG	22.03	1.9	GLOBAL LOGISTIC.SG	2.7	-0.74
JARDINE C&C.SG	40.1	1.67	HPH TRUST USD.SG	0.67	-0.74
JMH USD.SG	60.41	1.43	THAIBEV.SG	0.745	-0.67
SIA ENGINEERING.SG	4.63	1.31	SEMBCORP IND.SG	4.83	-0.62

Important Factor for today:-

• The Hour Glass specialty watch retailer announced last night it had acquired 100% of the issued and paid-up share capital of Watches of Switzerland for $13.3 million.
• Singapore is the best country to do businesses in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined.
• Lower unrealized mark-to-market gains sent earnings of Great Eastern Holdings tumbling 31% y-o-y fall in 3Q2014.Earnings for the September quarter fell to $194.6 million from $282.8 million a year earlier.
• Yoma Strategic Holdings' September quarter earnings tripled on the back of a fair value gain on its investment properties. Earnings for the September quarter (FY2Q2015) rose to $10.8 million from $3.3 million a year earlier as the Myanmar-focused diversified business group booked a $8.1 million fair value gain on its Star City project, a major residential and commercial development.
• As the Federal Reserve ends its quantitative easing programme this month, financial markets are expected to see greater volatility but loose monetary conditions in Europe and Japan should limit the risk of any sharp sell-off, according to Bank of Singapore.
• Gains in most Asian markets in the wake of a rally on Wall Street overnight are helping to support Singapore shares, although any further upside for the rest of the session could be modest as investors await the outcome of a two-day meeting by the US central bank's policy-setting committee.

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Singapore Stock Market Review for STI - 27 Oct

Market Review for STI:
Share prices opened higher with the straits times’ index up 5.63 points to 3,228.18. Asian markets were mainly up today after the majority of euro zone banks were given a clean bill of health by the European central bank, but china was hit by the postponement of a planned stock-trading connection between Hong Kong and shanghai. The Resale Price Index fell by 1.7% from 195.7 in 2nd Quarter 2014 to 192.4 in 3rd Quarter 2014. Resale transactions increased by 2.8% from 4,389 cases in 2nd Quarter 2014 to 4,513 cases in 3rd Quarter 2014.

STI Day Performance
Open	3231.81
High	3234.76
Low	3215.77
Close	3226.11
Change(Points)	+3.56
% Change	+0.11%
Volume	1110.4M
Rise	179
Fall	210
Unch	754

Market forecast for STI:
We find STI in a range bound movement which will be bullish after the level of 3240.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3220	3200	3190	3240	3260	3280

Technical Indicators:
RSI is at 46.82 and CCI is at -3.33.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CAPITALAND.SG	3.14	2.95	KEPPEL CORP.SG	9.44	-2.38
SIA.SG	9.83	2.18	NOBLE.SG	1.245	-1.58
GOLDEN AGRI-RES.SG	0.495	2.06	UOB.SG	21.78	-1.18
CITYDEV.SG	9.8	1.77	SEMBCORP MARINE.SG	3.62	-1.09
ST ENGINEERING.SG	3.67	1.66	OLAM INTL.SG	2.04	-0.97

Important Factor for today:-

• Singapore shares have given up their gains made at the start of trading, with investors taking profits amid a pullback in the Hong Kong market and ongoing concerns over Europe’s growth prospects.
• Phillip capital has called an "accumulate" on Civmec with a target price of 80 cents, representing a 9.9% upside.Civmec is an integrated, multi-disciplined construction and engineering services provider to the resources and infrastructure sectors.
• Kris energy, the upstream oil and Gas Company, says it has chartered the Rubicon vantage fso vessel and a catenary anchor leg mooring or calm buoy for use on the wassana oil development in the g10/48 license area in the gulf of Thailand.
• Results of Europe’s stress-test on banks may weigh on Singapore shares, even as investors await comments from the us Federal Reserve’s policy-setting committee, which will meet tomorrow and Wednesday.
• ISOteam is planning to acquire four local companies in new and complementary business areas for $11 million in total to expand its scope of expertise and services.
• Raffles medical group is banking on two of its upcoming projects in Singapore to underpin growth amid a more competitive business environment brought about by the opening of new hospitals, a shortage of manpower and slower economic growth in the region.
• Ips Securex holdings have been appointed an authorized trading partner of accipiter radar technologies, and us company that develops high-performance radar and sensor networks.

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Singapore Stock Market Review with Technical Analysis

Market Review for STI:
STI gave a gap down opening at 3179.35 and fell 1.04 per cent to 3,165.3 just half an hour into trading today’s morning. This followed in the footsteps of US stocks which fell on Wednesday (early Thursday morning, Singapore time) on continued worries over the global economy and the spreading Ebola epidemic. Shares ended higher on Thursday with the benchmark Straits Times Index down 44.51 points to close at 3,154.21.

STI Day Performance
Open	3179.35
High	3179.35
Low	3154.21
Close	3154.21
Change(Points)	-44.51
% Change	-1.39%
Volume	1335.2M
Rise	69
Fall	389
Unch	679

Market forecast for STI:
The continued worrying issues in the global economy pulled the market down and we may expect the same situation till the impact eases. The market can further dip down as it is continuously breaking the supports.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3143.09	3118.44	3083.13	3187.09	3221.42	3259.5

Technical Indicators:
RSI is below the centre line and is at 44.38 and CCI is at -38.41.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CAPITAMALL TRUST.SG	1.925	0.26	KEPPEL CORP.SG	9.54	-3.73
SPH.SG	4.16	-0.24	COMFORTDELGRO.SG	2.36	-3.28
CITYDEV.SG	9.24	-0.32	OLAM INTL.SG	2.14	-3.17
SIA.SG	9.65	-0.41	NOBLE.SG	1.23	-3.15
SIA ENGINEERING.SG	4.42	-0.45	SEMBCORP IND.SG	4.82	-3.02

Important Factor for today:-

• Singapore, the world’s largest bunkering port, plans to supply liquefied natural gas (LNG) to fuel ships by 2020, a government official said on Wednesday, as part of a global trend to move away from oil to gas to reduce emissions. “We are working towards LNG bunkering in Singapore by 2020, hopefully earlier if possible,” Minister for Transport Lui Tuck Yew said at an industry event.
• TOURISM receipts grew 2 per cent year on year in the first half of this year to S$11.8 billion, even as visitor arrivals to Singapore fell 3 per cent to 7.5 million. Stripping out China, visitor arrivals from all other markets were up 2 per cent in H1 14. But in Q2 14, tourism receipts were down 3 per cent year on year to S$5.6 billion while visitor arrivals declined a sharper 6 per cent to 3.6 million.
• RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6 per cent. According to a release from the Department of Statistics (DOS) on Wednesday, sales of vehicles were up by as much as 49.5 per cent year on year and 13.1 per cent month on month. Month on month, retail sales (seasonally adjusted) were up 5.3 per cent in August, again bolstered by sales of motor vehicles. Stripping out motor vehicles sales, retail sales increased 3.5 per cent. The total retail sales value for August came to S$3.2 billion, up from S$3 billion a year ago, said DOS.
• Inflation in China fell to 1.6 per cent in September, the government said Wednesday, below analysts’ forecasts and the lowest in the world’s second-largest economy for almost five years. The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 per cent in August. It was the lowest since January 2010. Analysts polled by Dow Jones Newswires had predicted 1.7 per cent. The figures fall well short of the 3.5 per cent annual target set by the government in March, and signal that deflationary pressures are rising.

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Singapore Stock Market Review & Forcast for 16th Oct

Market Review for STI:
Share prices opened higher today with STI up 7.04 points to 3,201.44. Asian stocks were cautiously up as benign inflation data in china and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery. High was marked at 3210 and low for the day was marked at 3194.

STI Day Performance
Open	3199.63
High	3210.00
Low	3194.03
Close	3198.72
Change(Points)	+4.32
% Change	+0.14
Volume	1390.4M
Rise	129
Fall	276
Unch	731

Market forecast for STI:
STI formed an inverted hammer pattern for the day and also a bullish star pattern was formed the previous trading day. Technical’s are supportive to the minor trend reversal or a bullish correction.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3190	3180	3160	3220	3240	3260

Technical Indicators:
RSI is at 32 and CCI is at -129.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ASCENDAS REIT.SG	2.24	1.82	GOLDEN AGRI-RES.SG	0.48	-3.03
OLAM INTL.SG	2.21	1.38	JMH USD.SG	57.94	-0.84
CAPITAMALL  TRUST.SG	1.92	1.32	KEPPEL CORP.SG	9.91	-0.8
SIA.SG	9.69	0.83	SIA ENGINEERING.SG	4.44	-0.67
CITYDEV.SG	9.27	0.76	WILMAR INTL.SG	3	-0.66

Important Factor for today:-

• Singpost will open a s$182 million e-commerce logistics hub in tampines in 2016 in line with efforts to further develop the business segment amid a fast growing e-commerce market in Asia.
• Triyards holdings has inked agreements to acquire strategic marine (s) in Singapore and strategic marine (v) in Vietnam for a$23.3 million (s$26 million).
• Vard holdings late warned that it will likely report "marginally negative ebitda" (earnings before interest, taxes, depreciation and amortization) for its third quarter ended sept 30, 2014.
• In line with efforts to develop its e-commerce business, Singpost is spending s$182 million to set up an ecommerce logistics hub, which will be ready by the second half of 2016.
• Cordlife group limited has set up a s$500 million multi-currency debt-issuance programme.
• Singapore, the world's largest bunkering port, plans to supply liquefied natural gas (lng) to fuel ships by 2020, a government official said today, as part of a global trend to move away from oil to gas to reduce emissions. "We are working towards lng bunkering in Singapore by 2020, hopefully earlier if possible," minister for transport lui tuck yew said at an industry event.
• DBS bank on Tuesday said it signed an agreement to work with shanghai international energy exchange to boost the internationalization of china's energy futures exchange market.

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Stock Market Singapore : STI Daily Technical Report & Forcast for 15th Oct

Market Review for STI:
Singapore share prices opened lower today with the straits times’ index down 9.76 points to 3,192.39. Singapore economy performed slightly worse than expected in the third quarter of 2014, growing 2.4 per cent from a year ago, according to advance estimates released by the ministry of trade and industry. High for the day was marked at 3211.66 and low was marked at 3191.05.

STI Day Performance
Open	3192.39
High	3211.66
Low	3191.05
Close	3194.40
Change(Points)	-7.75
% Change	-0.24%
Volume	1156.8M
Rise	132
Fall	249
Unch	753

Market forecast for STI:
We may expect STI to dip down further, as no positive impact was seen although GDP data for Singapore economy increased by 2.4 % .STI mat trade in the range of 3186-3220.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3187.1	3167.12	3143.09	3222.84	3241.41	3259.5

Technical Indicators:
RSI is at 30.89 CCI is at -156.Indicators is bearish on the index and indicating that a further dip in the market can be seen.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
GOLDEN AGRI-RES.SG	0.495	1.02	SIA.SG	9.61	-1.74
HONGKONGLAND USD.SG	6.8	0.74	COMFORTDELGRO.SG	2.44	-1.21
CITYDEV.SG	9.2	0.44	OCBC BANK.SG	9.6	-0.93
JMH USD.SG	58.43	0.41	GENTING SING.SG	1.085	-0.91
WILMAR INTL.SG	3.02	0.33	UOB.SG	21.95	-0.77

Important Factor for today:-

• Resale prices of non-landed private homes dipped 0.3 per cent in September compared to august, according to SRX property.
• Asian markets mostly rose today on bargain hunting, but Tokyo took a thumping as traders returned from a long weekend to a much stronger yen.
• Productivity in Singapore's construction sector has seen some improvements but it remains short of the government's target, Grace Fu, Minister in Prime Minister Office said on Tuesday.

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