Straits Times Index - Market Direction for 01-Nov 2012

Today also STI open and traded below its up slopping resistance line which was support line previously and touched its 50 day MA level.

As yesterday STI formed a Bullish Harami candlestick pattern and today opens higher which is technically right but faced resistance @ its 50 day MA level of 3047.66 and cant able to cross higher level.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support Level

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators

Technical indicators are look to loosing strength on charts.

STI Market Forecast for Tomorrow 31- Oct

STI open and traded below its up slopping resistance line which was support line previously and closed well inside the previous day candlestick.

STI formed a candlestick pattern called Bullish Harami, it is characterized by a small white real body contained within a prior relatively long black real body. The Bullish Harami Pattern is a sign of disparity about the market’s health. While the market is characterized by downtrend and bearish mood; there is heavy selling reflected by a long, black real body however it is followed by a small white body in the next day. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

STI Support level

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

STI Resistance level
STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators
Technical indicators are look to loosing strength on charts.

Straits Times Index - Market Forecast 30-Oct

STI today crossed its last 4 days lower level and made low @ 3026.64 below its 50 day MA level and up slopping trend line too.

Currently STI facing resistance @ its 3060 levels and can able to cross it’s this level and can took support @3020 levels and it’s a good support area on chart.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI.

Support

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance

STI having Resistance @3050 and above this level it may take resistance @ 3065-3080 levels.

Technical Indicators

Technical indicators are look to loosing strength on charts.

STI - End of Day Summary 29-Oct

Singapore shares were lower; with Citigroup saying that 3RD -quarter corporate earnings will likely leave investors with weakened expectations as there have been more negative revisions than positive ones.

STI opens @3049.23 levels and then made a day high @ 3056.34 but cant able to crossed its last week high and drifted lower and made a low of 3026.64 and then finally closed near to its previous support zone @ 3029.61 with loss of 27.90 points down by 0.91%.

Volume was 2.36 billion shares. Losers led gainers 315 to 126.

STI - Market Forecast For Week Ahead 29'Oct - 02'Nov

STI Technical Levels

WEEKLY WRAP OF STI

Singapore's benchmark index was range bound in this week and trading in a very narrow range and struggling around its 50 day MA level of 3049.08.

STI opens with deep gap and made a low for week @ 3027.85 and then it took support @ that level and recovers and crossed its 50 day MA level of 3049.08 and made week high of 3063.Finally closed @ 3057.51 with gain of 8.59 points up by 0.28% wow basis.

MACRO ECONOMIC FACTORS

Inflation in Singapore accelerated in September, driven by higher transport and housing costs. Data from the Department of Statistics showed that the consumer price index (CPI) for all items rose to 4.7 % in September; from 3.9 % in August.August's CPI of 3.9 % was the lowest in almost two years.

MARKET FORECAST FOR WEEK AHEAD

STI facing resistance @ its 3063-65 levels from last 2 weeks and took support near to 3025 levels. On the weekly graph STI formed two candles also @ same levels.

STI breached its support level of 3040 mark below its 50 day MA level but manage it to close well above the support zone.

For the coming week STI look volatile to southern biased as it breached lower levels and closed below the  Resistance zone, so if it will sustain below 3040 mark than it will be more bearish.

STI SUPPORT

STI having nearest support @ 3020 below this 3000-2980 will be the support area for market.

STI RESISTANCE

STI having Resistance @ 3065 and above this level it may take resistance from 3090-3115 levels.

TECHNICAL INDICATORS

Technical indicators are looking bearish

SGX Stock Recommendations 25-Oct

Stock Name: LippoMalls 
Company Name: LIPPO MALLS INDO RETAIL TRUST
Price Call: HOLD
Target Price: 0.47

Stock Name: Sheng Siong 
Company Name: SHENG SIONG GROUP LTD
Price Call: BUY
Target Price: 0.49

Stock Name: SIA 
Company Name: SINGAPORE AIRLINES LTD
OCBC Price Call: HOLD
Target Price: 10.85

Stock Name: CapitaRChina 
Company Name: CAPITARETAIL CHINA TRUST
Price Call: BUY
Target Price: 1.71

STI Market Forecast for 25-Oct 2012

STI today closed above its 50 day MA level of 3050.93 and also made day high above that level which is good sign.

Currently STI trading in a range of 3040-3060, and we expect that it can move above 3060 mark and can crossed recent high.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are looking to loose strength on charts.

Intraday Support

STI having nearest support @ 3030 level and below this level it can take support @ 3015-2995 will be the support zone for STI.

Intraday Resistance

STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.

STI Market Reviews - EOD Summary 23-Oct

The recovery on Wall Street and the stronger Nikkei start give clue the STI and its open on firm node.

STI opens above its up slopping trend line @ 3045.67 and made a day low @ 3042.30. Took support at its lower level and recovers for making high of 3058.58, crossed its 50 day MA level of 3049.62.finally closed @ 3050.93 above its 50 DMA with gain of 5.26 points up by 0.17%. However there were 167 gainers against 244 losers by the end of the session.

Inflation in Singapore accelerated in September, driven by higher transport and housing costs. Data from the Department of Statistics showed that the consumer price index (CPI) for all items rose to 4.7 % in September; from 3.9 % in August.August's CPI of 3.9 per cent was the lowest in almost two years.

SGX Stock to Buy Now - CapitalMall Trust

We upgraded CapitaMall Trust to 'buy' from 'hold' and raised its target price to S$2.36 from S$2.03, citing higher contributions from new shopping malls.

By 0232 GMT, units of CapitaMall Trust rose 1.4 percent to S$2.16. They have surged 27 percent since the start of the year, compared with the FTSE ST Real Estate Investment Trust Index's 35 percent rise.

CapitaMall Trust's third-quarter distribution per unit was flat at 2.42 Singapore cents compared with a year earlier.

However, DMG expects CapitaMall Trust to post strong earnings going forward, helped by higher contributions from its shopping malls JCube and Bugis+, which opened in April and August respectively.

The trust should also see additional income after renovation at its Orchard Atrium mall in Singapore is completed in the fourth quarter.

"As the hunt for dividend yield plays continues on the back of high liquidity, prolonged low interest rate environment and a strong Singapore currency, we believe CMT has room for further upside".

Penny Stocks to Watch Today 23-Oct

FRASERS CENTREPOINT TRUST

Frasers Centrepoint Trust, which owns shopping malls, said its fourth quarter distribution per unit was 2.71 Singapore cents, 15.3 percent higher than a year ago, helped by higher gross revenue and net property income.

CAPITARETAIL CHINA TRUST

CapitaRetail China Trust, which owns shopping centers in China, recorded a distribution per unit of 2.42 Singapore cents for the third quarter, up 14.2 percent from 2.12 Singapore cents a year earlier, helped by higher shopper traffic and tenant sales.

RAFFLES MEDICAL GROUP LTD

Raffles Medical Group said its net profit in the third quarter rose 7 percent to S$12.7 million from a year ago, boosted by higher revenue from its hospital and healthcare services divisions.

OVERSEAS UNION ENTERPRISE LTD

Property developer Overseas Union Enterprise said it has priced a S$200 million bond due in 2019 at a coupon of 4.25 percent.

STI Market Direction For Tomorrow 23-Oct

STI today closed below its 50 day MA level of 3050.36 and also the resist near to this level @ 3051.63.

STI formed a long lower shadow candlestick pattern This is typically a bullish signal particularly when it occurs near a low price level, at a support level, or when the security is oversold. Next day movement will decide the exact direction of STI.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.

Support level

STI having nearest support @ 3030 level and below this level it can take support @ 3015-2995 will be the support zone for STI.

Resistance level

STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.

STI Singapore - End of Day Summary 22-Oct

Sharp falls on Wall Street and the weaker Nikkei start are likely to weigh further on local sentiment today’s morning STI opens with gap down with loss of almost 18.92 points to 3,030.

STI fell sharply in the opening bell @ 3030 levels and made a day low @ 3027.85, but took support @ this level and recovers from lower level. STI made day high 3051.63, and finally closed @ 3045.67 with loss of 3.25 points down by 0.11%.

Volume was 1.36 billion shares valued at $1.10 billion. Losers led gainers 218 to 170.

Penny Stocks to Watch Today 22-Oct

SINGAPORE AIRLINES

The airline has frozen cadet-pilot recruitment and cut flying hours for junior pilots in a business slowdown, the Straits Times reported. SIA's spokesman told the newspaper the last cadet intake was early this year and it has not decided when hiring will resume.

OUE, FRASER & NEAVE

Overseas Union Enterprise, backed by Indonesia's Lippo Group, may team up with Japan's Kirin Holdings to thwart a $7.2 billion takeover offer for Fraser and Neave Ltd from companies linked to Thailand's third-richest man, sources said.

In an unexpected move, OUE said on Friday it is seeking partners in a potential takeover bid for F&N, without identifying the parties.

YOMA STRATEGIC HOLDINGS

The Myanmar-focused property development company said administrative expenses in July-September rose by S$8.73 million ($7.15 million) to S$9.28 million, resulting in a net loss of S$4.12 million for the group versus a net profit of S$1.39 million a year ago.

The group's second-quarter revenue jumped 59 percent to S$11.60 million. 

STI - Weekly Forecast 22-26 Oct 2012

STI is moving with its 50 DMA and closed below it. It is expected to continue range bound move with negative biasness toward its nearest support level of 3000.

If STI continues to sustain below 3067 then further negative side move may be seen in it. Also on weekly chart it made a small bullish candle with very little real body and considerable shadows, which supports indecision in near term.

Though break of resistance level at 3067, it may move up to test 3085.

Support

STI having strong support @ 3000 and below this level 2975-2945 will be the major support zone for coming week.

Resistance

STI having nearest resistance @ 3067 level, above this level 3085-3115 will be the major Resistance for market.

Technical Indicators

Technical Indicator RSI is trading above its center-line of 50 i.e. @ 56.49, if it could not sustain at current levels then correction may continue. MACD is also converging towards negative side.

Straits Times Index - Market Forecast 19-Oct

STI today closed above its 50 day MA level of 3050.85 and also the resistance level of 3060.36. now we can expect some recovery in coming days.

STI formed a white candlestick pattern called belt hold, as it opens lower and closed just below the higher level in positive node. This is a single candlestick pattern and bullish in nature.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.

Support level

STI having nearest support @ 3040 level and below this level it can take support @ 3010-2995 will be the support zone for STI.

Resistance level

STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.

SGX Singapore - Penny Stocks To Watch Today 18-Oct

KEPPEL LAND LTD

Property developer Keppel Land said its third quarter net profit rose 28.4 percent to S$74.5 million from a year ago, driven by strong performance from its associate companies and a divestment gain. However, its revenue for July-September fell 18.6 percent to S$466.9 million due to lower property trading and investment segments.

ASCENDAS REAL ESTATE INVESTMENT TRUST

Ascendas REIT, which owns industrial assets, said its second quarter distribution per unit grew by 4.4 percent year-on-year to 3.53 Singapore cents, helped by positive rental reversion of about 12.8 percent on average.

CAPITALAND LTD

Property developer CapitaLand's wholly-owned subsidiary CapitaValue Homes Ltd said it has secured its second residential site of about 36,920 square meters in Shanghai's Pudong District for about S$33.26 million, through a government tender.

STI Singapore Market Forecast 18-Oct

After 3 days of wining strike today STI opens higher above 3060 level but can’t sustain above that level and closed with loss.

STI formed a candlestick pattern called an inverted hammer. As this occurs during a downtrend it implies a reversal. Look for a confirmation of the reversal on the bar. STI opens higher and closed near to lower level of the day.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.

Support level

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance level

STI having Resistance @3065 and above this level it may take resistance @ 3075-3090 levels.

Market Review - STI End of Day Summary 17-Oct

Singapore share prices opened higher on Wednesday with the Straits Time Index up 19.26 points to 3,066.07.

Singapore's Index Straits Times open higher but it can’t sustain @ higher levels and trading in a consolidation phrase in the 1st half of trading hour but after that it fell below 3050 mark and made a low of 3045.67 and closed on the same level @ day low with loss of 1.14 points down by 0.04%.

Singapore's exports continue to decline in September from a year ago after a steep fall the previous month. According to trade agency International Enterprise Singapore, non-oil domestic exports (NODX) fell 3.4 % in September, following a 10.7 % year-on-year contraction in August. But on a month-on-month basis, exports expanded by 1.6 % in September compared to the previous month's 9.1 % decline.

Buy STX OSV Holdings for Price Target of S$2.10

DBS Vickers increased its target on offshore vessel builder STX OSV Holdings to S$2.10 from S$2.00 and maintained its 'buy' rating, after raising its 2012 fiscal year order win forecast by 10 percent to 11 billion Norwegian krones ($1.9 billion).

STX OSV shares were up 0.6 percent at S$1.595 on Wednesday. The stock has increased 37.5 percent so far this year versus the 29 percent gain in the FT ST Midcap Index.

"We like STX OSV for its undemanding valuation, its market leading position as a builder/designer of large complex and highly customised OSVs (offshore support vessels), and its strong execution track record," DBS said.

STX OSV is well positioned to capitalise on the tight capacity in Brazil, supporting growth in its order intake for 2013 and 2014 fiscal years, DBS said, adding that it believes the downside is limited on the possible stake sale by STX OSV's parent company.

South Korea's STX Corp chose Italian ship builder Fincantieri SpA as the preferred bidder for its controlling stake in STX OSV, a spokesman for STX said in August.

STI Singapore - Market Direction For 17-Oct

STI Technical Chart:

In continuation of last 3 days STI trading in higher side but still can’t able to sustain above its 50 day MA level and closed below this.

STI having a nearest resistance level @ 3063.36 level which is its 20 day MA level , if STI sustains above 50 day MA level of 3050.82 than it can move towards 3063 and above.

STI is in consolidation phrase. Any either side movement above 3100 and below 3000 can decide the coming movement of the STI. Technical indicators are look to loosing strength on charts.

Support Level

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3075-3090 levels.

Penny Stocks To watch Today - SGX Singapore

M1 LTD

Telecommunications firm M1 said its net profit in the third quarter fell 19.5 percent from a year earlier to S$33.1 million, hurt partly by higher operating expenses. 

K-REIT ASIA

K-REIT Asia, which owns offices, has changed its name to Keppel REIT. The trust said its third-quarter distribution per unit was 1.96 Singapore cents, up 84.5 percent from a year earlier, helped by higher rents and property income.

LIAN BENG GROUP LTD

Construction firm Lian Beng said it will not proceed with an earlier plan to list its engineering and concrete business in Taiwan, citing market conditions and new policies imposed by Taiwan authorities recently.

Hot Shares To Buy Now - Keppel REIT

Keppel REIT has been recommended to buy with price target of S$1.36

UOB Kay Hian upgraded Keppel REIT, previously known as K-REIT Asia, to 'buy' and raised its target price to S$1.36 from S$1.26, on expectations of improving office rentals.

Units of Keppel REIT, which owns office buildings, were up 2.5 percent at S$1.22. They have jumped 47.3 percent since the start of the year, compared with the FTSE ST Real Estate Industrial Trust's 34 percent gain.

Keppel REIT said its third-quarter distribution per unit was 1.96 Singapore cents, in line with UOB's expectations and up 84.5 percent from a year earlier, helped by higher rents and property income.

"We anticipate office rentals to bottom out in the next 2-3 quarters, with K-REIT expected to remain resilient due to its near-full occupancy  long weighted leases and its highest exposure to Grade-A office assets in Singapore," UOB said in a report.

The rate of decline for office rentals in Singapore is slowing, and UOB expects Keppel REIT to start seeing positive rental reversions, while acquisitions in Australia will also contribute to further growth.

STI Intraday Market Forecast - 12-Oct

STI is continuously breaching its support levels and heading in negative direction, a rest phase may be seen in near term in it. Technically, STI is lying below its 50 DMA and sustaining below it, is further a weak signal for STI.

S$3000 is still a major support in downside and it may take strong support from this level. In near term it is having resistance level at S$3050 levels. Technical indicators MACD and RSI giving weak signal for STI.

Support Level

STI having nearest support @ 3000 and below this level it can take support @ 2975 levels and 2930 is the major support level.

Resistance Level

STI having Resistance @ 3050 and above this level it may take resistance from 3085-3115 levels.

SGX Hot Stocks To Watch Today 11-Oct

FRASER AND NEAVE LTD, THAI BEVERAGE PCL

The Fraser and Neave board said a Thai takeover offer for the Singapore drinks and property group is "not compelling but fair". However, in a circular issued by F&N on Wednesday evening, directors who are shareholders said they did not intend to accept the offer -- putting pressure on the bidders to raise the price.

OVERSEAS UNION ENTERPRISE LTD

Property developer Overseas Union Enterprise confirmed reports that it had made a S$1.4 billion bid for the hospitality and serviced residence business of Fraser and Neave. It said the offer was in line with its long-term goal of growing its business and hospitality was one of its core areas.

ARA ASSET MANAGEMENT LTD

Dynasty Real Estate Investment Trust, which is managed by a unit of property fund manager ARA Asset Management and owns Chinese assets, is offering 893.9 million and 901.3 million units to investors at 4.40 to 4.70 yuan a unit, according to a prospectus filed on Wednesday for what will be Singapore's first yuan-denominated initial public offering.

SINGAPORE TELECOMMUNICATIONS LTD

Singapore Telecommunications said on Wednesday it has secured the broadcast rights to all 380 Barclays Premier League matches for the next three seasons starting August 2013.

SINGAPORE TECHNOLOGIES ENGINEERING LTD

Singapore Technologies Engineering said its aerospace arm has secured new contracts worth about S$590 million in the third quarter.

STI Market Forecast for 11-Oct 2012

In continuation of last 2 days fall it’s a 3rd row fall of STI, STI opens below its support level of 3050-3040 and traded below this level.

STI breached its 50 day MA level of 3052.08 and made a low of 3031.50, closed near to lower level @ 3033.81 and still look bearish.

As STI had a major support @ its 50 day MA level but it did not sustain this level and fell below this and took support near to its one month lower level 3031 mark. Expecting more panic in coming days. Because bears were dominate bulls from higher levels.

Support Level

STI having nearest support @ 3020 level and below this level it can take support @ 2995-2975 will be the support zone for STI.

Resistance Level

STI having Resistance @3050 and above this level it may take resistance @ 3075-3090 levels.

Technical Indicators

Technical indicators are looked to loosing strength on charts.

STI Singapore - EOD Summary 10-Oct 2012

It’s a 3rd straight fall in Singapore equities after crossing its 3100 mark last week. Singapore shares fell to a near one month low.

Singapore's Index Straits Times open deep red with gap of more than 30 points @ 3035.60 and after open down it traded in a narrow and lower range of 3030-3043.37. STI finally closed @ 3033.81 with loss of 32.10 points down by 1.05% at the lowest close since Sept. 13.

On a turnover of $1.29 billion, 1.64 billion shares were traded in the market where losers outnumbered gainers 275 to 126.

Singapore Stocks - Hot Shares to Watch Today 10-Oct

FRASER AND NEAVE LTD

Fraser and Neave said it received an unsolicited binding cash offer from a third party to buy its hospitality and serviced residence business for about S$1.4 billion. However it will not respond to the offer as it is constrained from undertaking the sale of any material assets during an ongoing offer from TCC Assets to buy the whole company.

CAPITALAND LTD

CapitaLand Ltd, Southeast Asia's largest property developer, said on Tuesday that Lim Ming Yan will become its new chief executive officer and president from Jan 1. 

NOBLE GROUP

Noble Clean Fuels on Tuesday became the latest energy company to expand its presence in Britain's growing liquefied natural gas market as it signed an agreement to import spare LNG at the country's South Hook terminal.

LIPPO MALLS INDONESIA RETAIL TRUST

Lippo Malls said it will buy four retail assets in Indonesia for a total for S$180.7 million.

MAPLETREE LOGISTICS TRUST

Mapletree Logistics Trust said it has appointed Ng Kiat to be its chief executive officer and executive director, replacing Richard Lai.

Straits Times Index - Market Direction for 10-Oct 2012

STI Singapore - Market forecast: 10-Oct 2012

In continuation of yesterday fall it’s a 2^nd row fall of STI , STI below its 3088 multiple level and took support near @ 3060 mark.

STI breached its 20 day MA level of 3067.31 and made a low of 3063.78, closed below this level @ 3065.91, now its next support comes @ 3050 mark below the 50 day MA level.

For the coming days 50 day MA level will act as a decisive level below this it can took support @ 3020. If STI breached this level and sustain below this than we can see southern tone of market. On the other hand if STI sustain its 3088 levels on higher side than it will be more bullish.

Support:

STI having nearest support @ 3050 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

Resistance:

STI having Resistance @3088 and above this level it may take resistance @ 3105-3120 levels.

Technical indicators:

Technical indicators are look to loosing strength on charts.

Singapore Stock Market Updates - EOD Summary 09-Oct

SINGAPORE stocks dipped Tuesday after the International Monetary Fund (IMF) cut its forecasts for global growth for both this year and next.

Singapore's Index Straits Times open 3076.99 and then made a high of 3083.56 and faced resistance @ that level and fell down. STI took support @ 3063.78 and finally closed near day low @ 3065.91 with loss of 10.74 points down by 0.35%.Around 1.8 billion shares exchanged hands. Losers beat gainers 232 to 174. 

The IMF today quote weaker prospects and increased risks as it cut its estimate for this year's global growth to 3.3 %, from its earlier projection of 3.5 %. The forecast for next year was reduced to 3.6 per cent from 3.9 per cent.

Strong Gains Can be Seen on Small, Midcap, and Oil&Gas Stocks

DMG & Partners Securities said it believes small and mid-cap oil and gas stocks could continue to outperform the big-caps as investors seek to rotate into smaller cap plays with attractive valuations.

DMG said it likes companies with strong growth profile, track record in delivering profits and management with substantial stake in the company.

The broker's top picks are Ezion Holdings Ltd, Nam Cheong Ltd and Technics Oil and Gas Ltd, which it said are trading at a discount of 25-50 percent to the 2013 fiscal year price-earnings valuations for big-caps.

DMG advised investors to avoid Chinese shipyards with heavy exposure to commercial shipbuilding due to excess capacity, pressure on margins for new orders and deteriorating earnings visibility.

Hot Stocks To Watch Today- SGX Singapore

DBS GROUP HOLDINGS LTD

Southeast Asia's largest bank DBS said on Monday this year it will be holding its board meeting in Taiwan for the first time, in a move aimed at underscoring the importance of the market to the bank.

DBS Bank (Taiwan) delivered net earnings before tax of 1.23 billion Taiwan dollars ($42 million) for the year to end-July, up 64 percent from a year earlier.

JES INTERNATIONAL HOLDINGS LTD

JES International, a Singapore-listed Chinese shipbuilder, said it had expanded offshore by securing its first newbuild contract from a customer based in Norway for a platform supply vessel.

Market Forecast for 09-Oct 2012 - STI Singapore

Today STI traded downward biased and fell badly below 3100 mark due to global concern , closed below 3100 mark again in the range of consolidation of last few weeks.

AS STI trading above its 20 day MA level of 3072.22, and near to resistance level of 3110 , today STI took support @ @ 20 day MA level of 3072.22 but closed near to support level.

For the coming days 20 day MA level will act as a decisive level below this it can took support @ 3051.83 i.e. 50 day MA level. If STI breached this level and sustain below this than we can see southern tone of market. On the other hand if STI sustain its 3088 levels on higher side than it will be more bullish. Technical indicators are look to loosing strength on charts.

STI Support Level

STI having nearest support @ 3050 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

STI Resistance Level

STI having Resistance @3088 and above this level it may take resistance @ 3105-3120 levels.

STI Singapore - End of Day Summary 08-Oct

Singapore stocks fell on Monday as concerns over the euro-zone debt crisis overshadowed surprisingly good US jobs data which showed unemployment close to a four-year low.

Singapore's Index Straits Times open 3105.04 and then continuously fell down and finally made a day low @ 3072.47, closed@ 3076.65 with loss of 31.22 points down by 1%.

Singapore stocks fell on Monday as concerns over the euro-zone debt crisis overshadowed surprisingly good US jobs data which showed unemployment close to a four-year low.

STI - Market Forecast for Week Ahead 08-12 Oct

STI Levels - Week 08-12 Oct

It’s a good come up of STI, closed its 14 month high and crossed the strongest hurdle of 3088 and closed above the 3100 psychological level.

On the weekly chart STI crossed its down slopping trend line and closed well above this level trading. As we told in our previous report that STI trading above its 61.8% retracement level for this reason we can see some consolidation to upward move in the markets and same we saw this week below 3088 mark it consolidate and once it crossed this barrier bloom .

For the coming week STI look volatile to upward if it will maintain the 3100-3088 mark. Technical indicators looking bullish.

STI Support Level

STI having Resistance @ 3130 and above this level it may take resistance from 3155-3185 levels.

STI Resistance Level

STI having nearest support @ 3088 below this 3050-3020 will be the support area for market.

CapitaCommercial Trust - Keep Buying with Price Target S$1.62

OCBC Investment Research raised its target price on CapitaCommercial Trust to S$1.62 from S$1.53, and kept its 'buy' rating, citing better-than-expected outlook for office rentals.

At 0108 GMT, units of CapitaCommercial were up 0.3 percent at S$1.515. They have surged 43.6 percent since the start of the year, compared with the FTSE ST Real Estate Industrial Trust's 31.3 percent gain.

OCBC said grade A office rentals in Singapore are likely to show a smaller decline in the third quarter, and vacancies in the central business district reversed their rising trend, falling 0.9 percentage point in the second quarter to 8.4 percent.

"We expect a similar trend for vacancies in the third quarter, which would likely contribute to a muted rate of rental decline," said OCBC.

The brokerage noted that CapitaCommercial also said it had refinanced an outstanding balance of its convertible bonds due in 2013, with a new S$175 million convertible bond issue due in 2017.

Best Stocks To Watch - SGX Singapore

SINGAPORE TECHNOLOGIES ENGINEERING LTD

ST Engineering said its electronics arm had won about S$166 million worth of contracts for rail electronics and satellite communications and sensor solutions in the third quarter.

GLOBAL LOGISTIC PROPERTIES LTD

Global Logistic Properties, which own warehouses in China and Japan, said on Thursday it leased 39,000 square meters to wholesale firm Arata Corp in Japan.

SEMBCORP MARINE LTD

Rigbuilder Sembcorp Marine's subsidiary Jurong Shipyard has signed a letter of intent with Prosafe AS for the construction of a semi-submersible accommodation rig.

Singapore Stock Exchange - Market Forecast 05-Oct

Market Forecast 05-Oct

Today STI traded above the 3060 levels and closed @ day high but still not crossed the multiple resistance zones of 3088.

As STI trading above its 20 day MA level of 3065.89, and near to resistance level , so we are expecting that it may crossed the 3088 mark in coming days and if it will crossed this than next level comes @ 3105.

For the coming days 3040 level is the decisive level for STI if it breached this level and sustain below this than we can see southern tone of market. On the other hand if STI sustain its 3088 levels on higher side than it will be more bullish. Technical indicators are look to loosing strength on charts.

Intraday Support Level

STI having nearest support @ 3040 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

Intraday Resistance Level

STI having Resistance @3088 and above this level it may take resistance @ 3105-3120 levels.

STI Singapore - End of Day Summary 04-Oct

Singapore share opens @positive node but fell down and were slightly higher by midday, as investors stayed cautious ahead of fresh U.S. economic data and a European Central Bank policy meeting later in the day.

Singapore's Index Straits Times open @ 3079.89 and then it made a high of 3081.14 vey near to yesterdays high but again faced resistance @ that level and fell down and took support @ 3069.88 levels and then trading in a positive side. At the last half an hour of trading STI traded higher and closed day high @ 3086.64.

Mildly positive news from the United States brought a glimmer of hope that the world's largest economy may be on the mend but these are still early days.

Gainers led losers 222 to 150 while 425 counters were unchanged. Turnover stood at 1.57 billion shares worth $1.19 billion.

Top Actives Name Volume Last Change Contel Corp 144817000 0.052 +0.0030 Yoma 82586000 0.565 +0.025 GoldenAgr 77147000 0.63 -0.0050 HSI20400MBeCW121030 60188000 0.127 -0.0090 THBEV 53529000 0.4 +0.01 Nam Cheong 53246000 0.225 +0.02 $ Interra Res 49653000 0.445 +0.015 AusGroup 39711000 0.55 +0.01 Oceanus 35939000 0.051 -0.0020 Rowsley 33596000 0.105 +0.0040

Stocks Recommendation SGX - Golden Agri-Resources

Singapore Stocks - Golden Agri-Resources Ltd - Revised Price Target S$0.76

OCBC Investment Research cut its target price for palm oil company Golden Agri-Resources Ltd to S$0.76 from S$0.81 and kept its 'buy' rating, citing a larger-than-expected drop in crude palm oil prices.

By 0228 GMT, Golden Agri shares were down 0.8 percent to S$0.63, and have dropped 11.9 percent since the start of the year, compared with the Straits Times Index's 16.2 percent rise.

OCBC has cut its revenue and earnings forecasts for 2013 by 6.7 percent each for Golden Agri, as it lowers its crude palm oil price assumption to $750/tonne from $950/tonne previously.

"Crude palm oil prices have been falling a lot faster than what the market had expected, hit by weaker-than-expected demand from China, leading to rising stockpiles in both Malaysia and Indonesia," OCBC said in a report.

Straits Times Index - Market Forecast for 04 Oct

STI Market Forecast - 04-Oct 2012

The STI saw a surprised rebound as Monday it formed a candlestick denotes bulls and today STI tone were mute as previous week.

STI opens higher today but again can’t able to sustain the higher level and fell down and took support @ 3065.96 marks and finally closed @ 3077.14 levels with forming a candlestick pattern called Bearish Harami where the current small black body is contained within an unusually large white body. During an uptrend which appears to be the case with STI this pattern implies an end to the rally as the bulls appear to have exhausted themselves.

For the coming days 3040 level is the decisive level for STI if it breached this level and sustain below this than we can see southern tone of market. Technical indicators are supposed to loose strength on charts.

Intraday Support Level

STI having nearest support @ 3040 level and below this level it can take support @ 3020-2995 will be the support zone for STI.

Intraday Resistance Level

STI having Resistance @3090 and above this level it may take resistance @ 3105-3120 levels.

STI Singapore Market Updates

STI - End of Day Summary 03-Oct

Singapore share opens @ high of the day. The mixed reactions on Wall Street overnight and the flat Nikkei start are likely to keep the local bourse in a consolidation mode this morning. £ Singapore's Index Straits Times finished the day flat, closing 2 points lower at 3,077.14.Weak data from China and persistent concerns over Europe's debt crisis left investors jittery. Other Asian markets also ended lower.

Losers led gainers 256 to 123 while 418 counters were unchanged. Some 1.68 billion shares worth $1.18 billion were traded.

Top Actives Name Volume Last Change GoldenAgr 161768000 0.635 -0.02 Contel Corp 115025000 0.049 +0.0050 GSH Corp 84744000 0.102 0.0 Oceanus 48854000 0.053 +0.0020 AusGroup 47279000 0.54 +0.0050 NexGenSCom^ 40304000 0.0070 0.0 Raffles Edu 37189000 0.39 +0.025 $ Jason Parquet 36015000 0.25 +0.0050 Noble Grp 35450000 1.285 -0.035 $ Equation 31691000 0.016 0.0

Top Gainers

Name Last Change DBXT USDIGInfl5US$ 290.0 +4.66 JMH 400US$ 60.0 +1.75 s NZ10100F 300901 10 110.744 +0.903 JSH 500US$ 35.47 +0.67 DBXT MSEurope10US$ 45.22 +0.64 Shang Asia 2kHK$ 15.3 +0.6 $ P99 HLDGS 0.275 +0.275 Yeo HS 2.2 +0.24 DBXT MSTHAI 10US$ 19.59 +0.18 Fortune Reit HK$ 5.99 +0.12

Top Losers

Name Last Change s NA12100N 420401 10 105.853 -2.077 IS S&P500 10US$ 144.83 -0.97 s N509100N 141001 10 102.376 -0.527 Jardine C&C 48.6 -0.5 Lyxor Europe 10US$ 12.11 -0.35 DBXT ASX200 10US$ 35.06 -0.32 DBXT Nifty 10US$ 111.7 -0.32 DBXT DBLCI-OY 5US$ 40.21 -0.26 OCC 5.1% NCPS 100 106.3 -0.2 GLD 10US$ 172.24 -0.17