Singapore Stock Market: STI Technical Analysis Outlook with Forecast

STI MARKET REVIEW :

SINGAPORE shares opened higher on Thursday.The benchmark Straits Times Index rose 26.91 points or 0.93 per cent to 2,912.99.

 following Wall Street's gain on expectations the Federal Reserve would be confident enough about the US economy to raise rates in December. STI closed33.8 points or 1.17% higher and came off from its intra-day peak of 2932.78 and low of 2906.86.

LOCAL BOURSE

Singapore equities climbed in line with gains seen in most other Asian bourses.The US Federal Reserve has also signalled a potential interest rate hike in December following which the market had mixed sentiments towards gaining.
MARKET FORECAST

STI is expected to consolidate in next trading session. Investors are still waiting for positive trend , but market is not showing positive trend. If STI break 2940 then it may take positive side.

NEWS

• Sembcorp Marine announced last evening that it has won a contract from a unit of Modec Inc. to build a floating storage and offloading vessel.It reported earlier that one of its customers has announced the cancellation of a US$214 million ($304 million) contract for a drilling rig.
• Linc Energy revealed that it has entered into a confidentiality, due diligence and exclusivity agreement with an Australian company in relation to its shale oil assets.The counter party has commenced due diligence in accordance with the agreement but no formal negotiations regarding the sale of the SAPEX assets have been held at this time.
• Viva Industrial Trust announced plans to raise a total of $110 million through a private placement and preferential offering of its units.It will sell 101.1 million new stapled securities to its existing holders at $0.715 each in a ratio of one new unit for every seven held. The preferential offer is expected to raise $72.3 million.
• First Reit is about to acquire stake in Indonesian hospital and mall for S$70m.

GLOBAL FACTORS AND WORLD INDICES:

• Federal Reserve officials continued to flag December as a likely time for interest rates to rise after seven years near zero, with two expressing confidence they will be able to pull off a rate hike smoothly despite fears of an abrupt market reaction
• Wall Street stocks marched higher, greeting US Federal Reserve meeting on minutes that suggested a likely interest rate increase in December.
• US dollar dipped against the euro after the minutes of the Federal Reserve's October policy meeting reinforced expectations of an interest rate hike next month.Most participants of the Federal Open Market Committee anticipated the US economy would be strong enough in December to weather the first rate hike in over nine years.
• Asian stocks and emerging market currencies rallied after minutes from the Federal Reserve showed growing confidence in the US economy, ramping up the chances of a December interest rate hike.
• Commodity markets are in worse shape than in 2009, and is trading with more risks.Oil, copper and coal are trading around their lowest levels since the global financial crisis.
• Oil prices rose in Asian trade on Thursday as Europe struck back against the Islamic State (IS) group after the Paris attacks and after a mild rise in US stockpiles.US economy also lifted confidence, with most markets in Asia advancing following a rally on Wall Street.
• Gold may become a three-figure commodity once again after holding above US$1,000 an ounce ($1,420 an ounce) for the past six years.Bullion may slide below the level in the first half of 2016 after the Federal Reserve raises rate and the dollar gains.
• China stocks ended higher with a sharp rebound in small-caps offsetting the drag from property shares and investor caution ahead of a flurry of new listings.The blue-chip CSI300 index rose 1.6 per cent, to 3,774.97, while the Shanghai Composite Index gained 1.4 per cent, to 3,617.06 points.
• Tokyo stocks rose 1.07 per cent as investors weighed the Bank of Japan's decision to keep its monetary easing programme unchanged, pushing up the yen against the dollar.The Nikkei 225 at the Tokyo Stock Exchange rose 210.63 points to 19,859.81.
• Shares in Hong Kong climbed more than one per cent in opening trade after minutes from the Federal Reserve's October policy meeting showed board members had greater confidence in the US economy.The benchmark Hang Seng Index rose 1.06 per cent, or 234.31 points, to 22,422.57.

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Singapore Stock Market Technical Analysis & Market Forecast

The benchmark Straits Times Index STI opened 8.78 points or 0.3 per cent lower at 2,908on Wednesday. STI came off from its intra-day peak of 2909.45 and low of 2884.03. STI closed lower to 30 points or 1% at 2890.68
LOCAL BOURSE

Singapore shares opened lower as investor sentiments were dimmed by the 16-year low in commodity prices.The investors have mixed sentiments as they are awaiting the detailed report of GDP which will be released Wednesday next week.

MARKET FORECAST

Asian stock markets are expecting to fall amid fears that the terror attacks in Paris would hurt Europe’s economic recovery. STI has taken a support of 2885 we are expecting it will go more down if it break support. Technical indicator also not supporting the STI market.

NEWS

• Shares in Neptune Orient Lines (NOL), buoyed by news of a potential acquisition by CMA-CGM or AP Moeller-Maersk,gained 18% since it reported a 3Q loss of US$96 million.
• Sembcorp Marine is down 2.2% at $2.20 after a customer cancels a US$214 million ($305 million) contract to build a drilling rig.
• Wilmar is trading down 1.0% as it is stuck in a trading range until it can improve its return on equity any further.Wilmar's management emphasised achievements in scale, distribution, vertical integration and potential to capture a share of the branded staple food market in Asia, but remains skeptical.

GLOBAL FACTORS AND WORLD INDICES:

• Signs of possible inflation gains in the United States helped boost the dollar to its highest level against the euro since April.The dollar rose to US$1.0644 per euro, and was slightly higher against the yen but fell against British pound.
• US stock indexes opened higher as better-than-expected earnings from Wal-Mart and Home Depot allayed fears of a retail slowdown after last week's sharp selloff in the sector.
• Singapore Exchange Ltd will open a dark pool for bonds entery for the institutional fixed-income for the first time next year.SGX is seeing a business opportunity in offering a platform for fixed income as regulatory changes prompt global investment banks to scale back in this segment.
• Major European shares emerged, while US stocks held their gains from the prior session as investors continued to show resilience after Friday's deadly terror attacks in Paris.The majority of stocks globally remain unfazed by last week's terrorist attacks in Paris.
• Tokyo's benchmark stock index closed flat as investors await the outcome of a two-day central bank meeting for fresh trading cues.The Nikkei 225 at the Tokyo Stock Exchange edged up 0.09 per cent, or 18.55 points, to 19,649.18.
• China stocks fell roughly 1 per cent as a surge in property shares in the wake of encouraging home price data was offset by slides in many other sectors as investors took profits.The market has rebounded more than 25 per cent from the low hit during the summer rout, but selling pressure is increasing as China will soon resume initial public offerings and many investors remain worried about the economy's health.
• Oil prices rebounded in Asia but buying sentiment remained sluggish owing to supply glut woes and a strong dollar.Traders are waiting for the release of report on commercial stockpiles in the world's top oil consumer which is expected to show an increase and further confirm the oversupply.
• Gold was down another $3 in the Asian session,showing that the speculators are fearless. Traders are counting down the days to the Federal Reserve meeting in December which is impacting global prices of gold as gold gains during global political stress has been moving just the opposite.
• Hong Kong stocks slipped, taking cues from weak mainland markets which remained fragile, amid lingering anxiety over terrorism in the wake of Friday's deadly attacks in Paris, falls in global commodity prices, and the prospect of United States interest rates rising soon.
• Commodities like oil, copper and coal are trading around lowest levels since the global financial crisis putting growing economies in concern.

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Singapore Market Review: STi Technical Analysis & Forecast

Singapore shares opened higher following the rally on Wall Street overnight, in the wake of the Paris attacks. The benchmark Straits Times Index rose 19.68 points or 0.67 per cent to 2,935.41 in early trading on Tuesday. And closed lower to 1.4 points or .05%. STI came off from its intra-day peak of 2940.86 and low of 2910.17

LOCAL BOURSE

Singapore shares opened at high and consolidated the market after the deadly Paris attacks.The October contraction was largely due to a 7.4% drop in exports of Integrated circuits (ICs), a 32.2% decline in parts of ICs and a 12.2% reduction in parts of personal computers.The exports are likely to stay weak for rest of the 2015.

MARKET FORECAST

STI is expected to consolidate with positive sentiments. It is expected to go upto 2995 If it breaks its resistance of 2945, it might go up to 2995. STI has its support at 2880. Investor’s sentiment are positive as today market show positive sentiment.

STI COUNTER SPECIFIC NEWS

• AusNet Services has posted 1H16 earnings of A$374.5 million ($377.7 million) compared to losses of A$4.9 million.Revenue for the six months increased 10% y-o-y to A$1.1 billion.
• SMRT Corp was fined $21,396.16 for not meeting the second-year standard for the percentage of taxis on the roads during peak period in February.
• Triyards Holdings has extended its product range to include escort tugs to meet the demands of new client.The contract is worth some US$12.8 million ($18.2 million) to build four RA star 3400 Azimuth Stern Drive Tugs.

GLOBAL FACTORS AND WORLD INDICES:

• Crude prices pushed higher after US-led coalition jets targeted the Islamic State group's oil operations in retaliation following the deadly attacks on Paris.The gains were not whole-hearted; early weakness in the market came after Japan, a major importer, reported a second straight quarter of economic contraction.
• Wall Street had its strongest session in three weeks , with sizeable gains in energy shares as investors bet Friday's deadly attacks in Paris would have little long-term impact on the US economy and corporate earnings.
• The euro hit a seven-month low against the US dollar after a key European Central Bank reinforced expectations for further monetary easing in emerging market currencies.
• Tokyo's benchmark index closed more than 1 % higher on a weaker yen,.The Nikkei 225 jumped 1.22 per cent, or 236.94 points, to 19,630.63.
• After a solid performance in morning trade, China stocks lost momentum and ended flat as small caps slumped on profit-taking, reflecting how market sentiment remained fragile.
• Singapore's non-oil domestic exports dipped 0.5 per cent ,after a 0.3 per cent rise, due to a drop in electronic NODX which outweighed the increase in non-electronic NODX.
• Hong Kong stocks rose roughly 1 per cent, reflecting strength in most Asian markets after an overnight rally in Wall Street signaled receding anxiety from Friday's deadly attacks in Paris.
• European stocks rose sharply in opening trade, as investors continued to show resilience after Friday's deadly terror attacks .
• Revenue at the world's 10 largest investment banks is on course to decline again in 2015 by two percent to US$148 billion compared to a year ago, although a strong showing in equities will limit the fall.It followed a weak third quarter, when revenue slipped by 8 per cent.
• Gold sank back towards five-year lows as the downward impact of a firmer U.S. dollar and weaker demand in major gold buyers weighed on prices.
• Expectations are growing that the United States will hike interest rates next month, which has pushed the dollar to its highest in half a year against a basket of currencies, making precious metals more expensive for holders of other currencies.

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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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