Singapore Stock Market: STI Technical Analysis & Forecast

STI MARKET REVIEW :

The benchmark Straits Times Index (STI) opened 29.64 points or 1.01 percent lower at 2,896.04 on Monday and ended higher to -9.9 points or 0.34%. STI came off from its intra-day peak off 2923.94 and low 2885.60.  Sares opened lower on Monday morning, as Asian markets declined on jittery investor sentiments after Islamist militants launched coordinated attacks across Paris.

LOCAL BOURSE

The market started at a low after the news of deadly attack in Paris.The Straits Times Index now rests just above the 2,960 and has rebounded after the fall .The global forecast is flat. Morning sentiment was weak and stocks reversed early losses and the market regained its footing after being hit .

MARKET FORECAST

We are expecting STI will be positive because opening of the market was gap down but it filled the gap and if cross high i.e. 2924 then it will be positive for some days.

STI COUNTER SPECIFIC NEWS

• SEMBCORP Marine, provider of cruise ship repair, refurbishment and conversion work, successfully upgraded the Pacific Eden and the Pacific Aria at its Admiralty yard.
• Singapore Post has restructured its organisation into four areas of operations after making several investments recently,after the acquisitions of Trade Global Inc. and Jagged Peak.
• Singapore Press Holdings' total newspaper circulation, including print and digital editions, rose 4.3% y-o-y in FY2015,according to the company's annual report..

GLOBAL FACTORS AND WORLD INDICES:

• Asian stocks fell to six-week low,emerging-market stocks declined and currencies weakened as the terror attacks in Paris spurred a selloff in riskier assets.
• China is able to maintain a medium to high economic growth rate and expects economy to grow at around 7 per cent this year after a downfall.
• Tokyo's benchmark stock index ended one per cent lower after data showed Japan's economy slipped back into recession.The Nikkei 225 at the Tokyo Stock Exchange slipped 1.04 per cent, or 203.22 points, to 19,393.69, while the broader Topix index of all first-section shares closed down 0.90 per cent, or 14.30 points, at 1,571.53.
• Oil prices climbed in Asia on geopolitical tensions sparked by the deadly terror attacks in Paris but the global crude supply glut is likely to restrict any gains.
• Japan's economy contracted in the third quarter on sluggish business investment.Gross domestic product declined an annualised 0.8% in the three months.
• The euro fell against its major peers in Asia as dealers shifted back to safer investments after the deadly weekend terror attacks in Paris reinforced concerns about the impact on the already struggling eurozone economy.
• US Treasury Secretary has urged Japan to offer fiscal support to its economy to ensure it returns to growth driven by domestic demand.
• China’s yuan is poised to enter the big leagues of global currencies.IMF have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside the US dollar, euro, pound and yen.
• Indonesia posted its 11th straight monthly trade surplus, which should guarantee its first annual surplus since 2011 but also shows how weak imports remain.
• China stocks reversed early losses and ended higher, as the market regained its footing after being hit by anxiety stemming from the deadly attacks in Paris.Morning sentiment was also weak also because regulators tightened margin financing requirements over the weekend.

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CHINA AVIATION OIL(S) CORP LTD.: COMPANY OVERVIEW

TLV Holdings Limited was incorporated in Singapore in 1997 under the name "TLV Holdings Pte. Ltd.". And later changed its name to "TLV Holdings Limited".  It engages in the wholesale and retail sale of jewelry in Singapore also provides pre-owned jewelry and watch pawn broking and retailing services. It provides the after-sales services to customers like repairing and engraving, and customization works like setting of loose diamonds, alteration of ring sizes and plating of jewelry. TLV also participates in exhibitions and sells jewelry in the United States, Europe, the Middle East, East Asia, and Southeast Asia. It consists of a retail network of approximately 19 retail outlets under the brand names of Taka Jewellery and Lovis Diamonds; and 2 pawnshops in Yishun and Serangoon Road.

FINANCIAL VIEW

• The ratio of asset and liability is increasing as y-o-y figures are considered.
• The net income is continuously increasing, as well as Gross Profit is also increasing.

STOCKS TECHNICAL:

SGX Symbol	42L	Currency	SGD
Last Done	0.590	Volume(‘000)	21950
Day’s Range	0.590-0.590	52Weeks’ Range	0.50-0.90

Weekly Chart

S1	S2	R1	R2
0.158	0.138	0.199	0.215

TECHNICAL INDICATORS:

Daily Chart: It is a relatively new counter with strong fundamentals and has recently started to move in an uptrend with good volume. Fibonacci Fan Tool also suggest that if it moves beyond the level of 0.170 it will go upto 0.200 to 0.215 in short to mid term. Moreover, the bollinger bands rule is also suggesting its continue uptrend in the coming few days. With minor corrections if any.

Weekly Chart: In weekly chart also it can be seen that if 0.170 is crossed the next resistance level will be at 0.215.

Our VIEW:

Overall Trend: Overall trend seems to be Bullish in short to medium term with some minor corrections, if any.
Short term View: Bullish above 0.170 , with support at 0.158.

Long term View: Bullish above 0.200 , with support at 0.170.

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COMPANY OVERVIEW: Federal International (2000) Ltd

Federal International (2000) Ltd distributes and provides flow-line control products and services to the oil and gas, power, petrochemical, and pharmaceutical industries. The Company also distributes oilfield engineering materials, provides fire protection and detection systems, distributes electrical products, and provides information technology (IT) services.

Return on Assets	10.43
Total Equity	63.73
Total Market Cap	S$ 42.2 mm
DIVIDEND INDICATED GROSS YIELD	NA

FINANCIAL VIEW:

The Market Capitalization and positive NAV indicate the overall growth of the company which is increasing year on year.

STOCKS TECHNICAL:

SGX Symbol	BDU	Currency	SGD
Last Done	10.310	Volume(‘000)	182
Change	+0.010	% change	3.33%
Day’s Range	0.300-0.310	52 Weeks’ Range	-

Technical Indicators and Recommendation

Technical indicators are supportive for Federal International; it may be give the breakout of upper band with good volume. So if we trade in big quantity then we can earn good profit.

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Singapore Stock Exchange - STI Technical Analysis & Forecast 5-Nov

STI MARKET REVIEW :

Singapore’s benchmark Straits Times Index shares traded lower on Thursday, as US Federal Reserve chair Janet Yellen's comment that a December interest-rate hike remains a "live possibility" continued to sap trading. and ended 16.83 points or 0.55% lower to 3023.65. STI came off from its intra-day peak of 3043.85 and low of 3029.44.
Singapore equities inched lower at noon on Thursday, amid mixed trading in other Asian bourses ahead of pertinent US nonfarm payroll figures on Friday.
LOCAL BOURSE

Singapore’s moneylenders' credit bureau will begin operations next year. The Ministry of Law (MinLaw) will require all licensed moneylenders to provide information of their loans and the payment behaviour of their customers to the bureau.

Life insurance business in Singapore climbed 15 per cent to S$813 million in total weighted new business premiums in the third quarter of 2015.
MARKET FORECAST

STI is expected to consolidate within the range of 3045 - 3010. It has its support at 3000 and resistance at 3045. If it breaks thhis resistance it might go up to 3075. Investor’s sentiment are cautious over the statement made by Jennet Yellen increasing expectation to raise US interest rate in December and over US nonfarm payroll figures to be released on Friday.

STI COUNTER SPECIFIC NEWS

• Oil and gas infrastructure services firm Rotary Engineering reported net profit of S$6.3 million for the three months ended Sep 30, 2015, down 42 per cent from S$10.9 million the same quarter a year ago. Revenue fell to S$60.3 million from S$172 million a year ago, a decrease of 65 per cent.
• Halcyon Agri turned around a year-ago loss to post a US$47,000 net profit in the third quarter on the back of its newly acquired trading business, the rubber producer announced on Wednesday after the market closed.
• Parkway Life Real Estate Investment Trust (PLife Reit) on Thursday posted a 15.6 per cent year-on-year rise in third-quarter distributable income to S$20.3 million, or a distribution per unit (DPU) of 3.36 Singapore cents.

GLOBAL FACTORS AND WORLD INDICES:

• Hong Kong shares finished flat on Thursday, after a rally in China's stock market offset losses on the Federal Reserve's message of a possible "liftoff" in US interest rates in December. Hang Seng index was unchanged at 23,051.04.
• London's stock market fell at the start of trading Thursday as investors looked ahead to the Bank of England's latest interest rate decision and inflation forecasts. In the eurozone, the Frankfurt and Paris indices rose slightly.
• China's stocks extended the gains on Thursday as investors jumped into blue-chip shares, driving trading volume to its highest in two-and-a-half months. CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1 per cent, to 3,705.97, while the Shanghai Composite Index gained 1.9 per cent, to 3,522.82 points.
• Japanese stocks closed near a 10 week high on Thursday as a weaker yen boosted prospects for exporters, and corporate-earnings and dividend related announcements stoked share buying. Nikkei share average gained 1 per cent to end the day at 19,116.41, its highest close since August 28.
• South Korean shares and won lost ground on Thursday after comments from Federal Reserve Chair Yellen bolstered expectations that US interest rates could be raised as early as December. Korea Composite Stock Price Index (KOSPI) trimmed early losses and closed down 0.2 per cent at 2,049.42 points.
• Australian shares closed lower on Thursday with bank stocks providing the biggest drag. National Australia Bank, which traded ex-dividend, ended 4.5 per cent lower, while the other major banks were down between 0.5 per cent and 1.0 per cent. S&P/ASX 200 index fell 0.9 per cent, or 49.29 points, to 5,193.00.
• Major Asian markets defied a negative lead from Wall Street on Thursday, with Shanghai performing especially strongly and Japan Post shares soaring again in Tokyo.
• Gold held near a one-month low on Thursday and looked likely to drop below the US$1,100-an-ounce level after Federal Reserve Chair Janet Yellen bolstered market expectations for a US interest rate hike in December.
• Dollar held steady in Asia on Thursday after US central bank chief Janet Yellen suggested that a December US interest rate lift-off was still on the table.

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SGX Singapore: STI Technical Analysis Outlook

STI MARKET REVIEW :

Singapore’s benchmark Straits Times Index (STI) opened 9.95 points or 0.33 per cent lower at 3,042.58 on Wednesday, following a retreat of shares on Wall Street overnight and ended 12.0 points or 0.39% lower to 3040.50. STI came off from its intra-day peak of 3055.81 and low of 3035.76.

Singapore stocks inched lower mid day, as investors awaited a rate-setting decision by the US Federal Reserve. Singapore's dollar will weaken about 2% versus the greenback by the end of the year after the city-state's central bank "slightly" reduced the pace of the currency's gains versus those of its trading partners this month.

LOCAL BOURSE

Singapore is likely to remain "perilously" close to a technical recession in the coming months, citing a slowdown in consumer demand and weak sentiment.
Singapore "narrowly averted" a technical recession in the third quarter, which economists commonly define as two consecutive quarters of decline in gross domestic product.
The revised reading of the third quarter GDP data may even change the scenario to a technical recession.

MARKET FORECAST

STI is expected to consolidate within the range of 3060 - 3025. It has broken its support of 3040 today. It has its next support at 3025 and resistance at 3060. Investors are cautious over the decision to be take in FED meeting to increase the US interest rate this year.

STI COUNTER SPECIFIC NEWS

• Biosensors International Group said on Wednesday it has received an offer from Citic Private Equity Funds Management Co for the proposed amalgamation of the group with its substantial shareholder, CB Medical Holdings.
• Singapore Post has appointed Japan's Shimizu Corporation as the main contractor to undertake the redevelopment and office works at its flagship SingPost Centre for about S$150 million.
• Capitaland Commercial Trust (CCT) on Wednesday reported a 2.4 per cent rise in distribution per unit (DPU) to 2.14 Singapore cents for the third quarter ended Sept 30, 2015, on the back of higher rents.
• OLAM International said on Wednesday it has secured a revolving credit and term-loan facility amounting to US$1 billion, which it will use to refinance debt as well as meet its working capital and general corporate funding needs.

GLOBAL FACTORS AND WORLD INDICES:

• European shares edged higher in early deals on Wednesday, buoyed by a fresh batch of company earnings reports ahead of a Federal Reserve policy decision later in the day.
• Hong Kong shares fell on Wednesday, following mainland China shares lower after a bout of late afternoon profit taking. Hang Seng index ended down 0.8 percent at 22,956.57 points, while the China Enterprises Index lost 1.5 percent to 10,558.47.
• China stocks fell on Wednesday, with a late afternoon bout of profit taking pushing major indexes deep into the red. "The fall today remained propelled by profit-taking after the gains in recent weeks," said Xiao Shijun, an analyst at Guodu Securities in Beijing. "With lots of reforms in the pipeline and official economy-boosting steps taken, the market will remain in a rebounding track in the medium term despite short-term volatility."
• Tokyo stocks ended 0.67 per cent higher on Wednesday as Japan's latest earnings season gets into full swing and investors await the outcome of a Federal Reserve policy meeting.
• South Korean shares edged down on Wednesday as investors adopted a wait-and-see stance ahead of the US Federal Reserve policy decision later in the day. Korea Composite Stock Price Index (KOSPI) ended down 0.1 per cent at 2,042.51 points.
• Australian shares recouped early losses on Wednesday after surprisingly subdued inflation reinforced speculation of more monetary easing and lower bond yields, making stocks a more palatable asset.
• Asian stocks mixed, dollar strengthened against the euro and Australian dollar as traders wait on Federal Reserve commentary.
• Oil prices barely moved in Asia Wednesday as investors waited for a report on US crude inventories and the conclusion of a Federal Reserve policy meeting hoping for an idea about its plans for interest rates.

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SGX Today- Technical Analysis Outlook & Forcast 30 Sept

    Singapore’s benchmark Straits Times Index opened on Tuesday morning at 2,754.35 points, down 1.35 per cent or 37.57 points as overnight US losses dragged down morning trading in Asia and ended 4.0 points or 0.14% lower to 2787.90. STI came off from its intra-day peak of 22790.60 and low of 2740.36.

Singapore stocks were down midday as commodity-related companies led a sell-off over concerns of weaker raw materials prices amid China's economic slowdown.

LOCAL BOURSE

Singapore's manufacturing sector continues to be a negative in the economy in third quarter of 2015.

Singapore's full-year 2015 GDP growth to 2.2% from 2014's 2.9%. It had earlier projected Singapore's 2015 GDP growth at 2.5%.

Singapore property auction market saw S$27.6 million of deals in the third quarter of the year, more than double the S$10 million seen in the second quarter though slightly below the S$31.7 million seen a year ago.

Singapore dollar (SGD) fell through S$1.43 on Tuesday, to a fresh six-year low, on increased concerns over global growth.

Market forecast:

STI is expected to consolidate. STI has broken the support level of 2757. STI has its resistance at 2800. If it breaks this level it might go up to 2830. Investor sentiments are cautious over the early rate hike of U.S. By FED and slowdown of china’s economy.

STI LEVELS
Support 1	2733
Support 2	2715
Support 3	2700
Resistance 1	2806
Resistance 2	2830
Resistance 3	2860

STI COUNTER SPECIFIC NEWS

• Croesus Retail Trust is acquiring Torius Property, a retail property located in Fukuoka, Japan, for a purchase consideration of JPY8 billion ($95.2 million), through debt and equity financing. The consideration represents a 3.7% discount to valuation of JPY8.3 billion.
• Huationg Global, the full-service integrated civil engineering solutions provider, it has secured new civil engineering contracts worth a total of $81.3 million.
• Rex International Holdings' subsidiary, Rex International Investments (RII) will subscribe to one million new Lime Petroleum Norway AS shares at a nominal value of NOK 100 per share for a total transfer price of NOK 100 million ($16.8 million).

GLOBAL FACTORS AND WORLD INDICES:

• Hong Kong stocks tumbled 3 per cent to a two-year low on Tuesday as growing fears of a sharp slowdown in the world economy sparked heavy selling, particularly in energy and commodity related shares. The benchmark Hang Seng index fell 3.0 per cent to 20,556.60 points, its lowest close since July, 2013.
• The Nikkei 225 at the Tokyo Stock Exchange dropped 714.27 points to 16,930.84 by the close, erasing all of its gains for the year. The index is down 18 per cent since authorities shocked world markets by devaluing China's yuan currency in mid-August.
• European shares fell for the second day in a row on Tuesday as weakness in the commodities sector hit markets, though battered miner Glencore halted its slide after a bruising sell-off on Monday. The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell 1.6 per cent.
• Malaysia's ringgit fell, headed for its biggest quarterly loss since 1997, as the relatively low level of import cover afforded by the nation's foreign-exchange reserves makes the currency more vulnerable to an emerging markets selloff.
• The Reserve Bank of India (RBI) lowered the benchmark repo rate - the level at which it lends to commercial banks - to 6.75 per cent, a larger cut than expected.
• China's foreign exchange regulator is stepping up its risk controls against corruption, it said in a statement released on Tuesday via the ruling Communist Party's anti-graft watchdog.
• Indonesia will announce later on Tuesday the second installment of a stimulus package aimed at supporting the rupiah and reviving growth in Southeast Asia's largest economy.
• Oil traded below US$45 as investors await data that may signal the strength of demand in the world's two biggest consumers. Futures in New York were little changed after falling 2.8 per cent Monday as China reported industrial-company profits declined 8.8 per cent in August.

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Singapore Stocks: STI Weekly Technical Report

Straits Times Index (STI) opened at 2887.41 and ended -8.44 points or 0.29% lower to 2879.59 this week. STI came off from its weekly peak of 2919.77 and low of 2837.59.

STI was up 0.1% at 2,898.27 shortly after the open, showing the muted reaction of investors to the US Federal Reserve's overnight decision to leave its benchmark interest rate unchanged.

Singapore's industrial production for August is forecasted to fall by 5% on-year mainly as demand weakens due to economic slowdown in China. The pace of downward revisions for corporate earnings in Singapore and Asean has slowed this month. Consensus downward revisions have slowed to 0.2% for MSCI Singapore companies, from 1.5% average downward revisions for earnings in August.

STI was in consolidation this week. As FED did not increase the US ineterst rate, the market is expected to be positive next week. It is expected to m,ove in the range of 2800 - 2930. However, if it breaks the resistance level of 2930, it is expected to go up till 3000.

STI COUNTER SPECIFIC NEWS

• Sembcorp Industries has tied up with the Singapore Economic Development Board (EDB) to be the country's first industrial "living laboratory". It will grant technology providers access to its proprietary wastewater treatment and waste-to-energy facilities on Jurong Island for late-stage test-bedding and co-innovation of water and environmental technologies.
• Ascendas Real Estate Investment Trust (A-Reit) is looking to make its maiden acquisition of 26 logistics properties in Australia for A$1.013 billion from GIC and Frasers Property Australia.
• Singapore Press Holdings (SPH) announced on Thursday that the executive vice-president of its Corporate Development Division (CDD), Deborah Lee, 58, will be leaving the company to pursue personal interests with effect from Dec 16, 2015, after eight years of service.
• Silverlake Axis is buying SunGard Ambit (Singapore), or SAS, for US$12 million to expand its suite of software and services as well as deepen and broaden its customer relationships and geographical presence.

GLOBAL FACTORS AND WORLD INDICES

• Hong Kong equities traced most Asian markets higher Friday as traders welcomed the Federal Reserve's decision to keep interest rates at record lows, while Shanghai ended another volatile week on a positive note. Hang Seng Index added 0.30 per cent, or 66.20 points, to close at 21,920.83
• China stocks ended a volatile week slightly higher on Friday, after the US Federal Reserve held off from raising interest rates citing concerns about a weak world economy. Index of the largest listed companies in Shanghai and Shenzhen rose 0.4 per cent, to 3,251.27, but was down 2.9 per cent for the week.
• The Nikkei 225 index at the Tokyo Stock Exchange dropped 1.96 per cent, or 362.06 points, to close at 18,070.21, while the broader Topic index of all first-section shares was down 1.98 per cent, or 29.53 points, at 1,462.38.
• US central bank's decision to hold off hiking interest rates sent emerging market currencies and most Asian markets advancing on Friday, as concerns eased over an outflow of cash as the global economy suffers a painful slowdown.
• Australian shares ended higher on Friday, shaking off a negative lead from Wall Street after the head of the central bank made reassuring comments about the economy.
• Malaysia's inflation in August likely cooled to 3.0 per cent on lower fuel prices and after the Muslim Eid al-Fitr celebrations, a Reuters poll showed on Friday.
• Ringgit was set to snap the longest run of weekly declines in more than four decades after the US refrained from raising interest rates and a rally in the price of Brent crude improved prospects for the net oil exporter.
• Bank of Japan policymakers agreed that emerging economies had suffered from weak growth but were likely to improve from a longer-term perspective, minutes of the central bank's August policy meeting.
• Gold dropped from a two-week high on Friday, giving back some of the sharp gains from the last two days, as the Federal Reserve's decision to hold US interest rates steady this week added to uncertainty over the timing of an eventual rate hike.
• Oil markets were weak on Friday as fresh signs Opec will continue to value market share over prices outweighed expectations of a lift when the United States kept interest rates at historic lows.

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