STI Singapore Stock Market Forecast - 01st Oct 2013

Market Reviews:

After last week closed above 3200 mark STI today opens lower below 3200 mark.

STI opens with gap down @ 3195.84 below 3200 mark and then it gained few points and made high of 3201.69 but can’t able to sustain that level and made day low at 3167.87 and closed at days low with loss of 42.31 down by 1.32%.

Some 4.63 billion shares, valued at S$1.80 billion were traded. Gainers numbered 103 while losers numbered 401.

Market forecast:

After breaching 3200 mark, today STI crossed its 3180 level and closed lowest level and near to next support zone of 3160 mark.

STI formed a bearish candlestick pattern called “Closing Marubozu”. It is a continuation pattern and formed on bearish day. Opens lower from the previous day and then recovers some points and starts trading on lower side, with this move it formed an upper shadow of candle which is small and then closed for the day on lower level .in this candle lower shadow is missing.

STI closed below its 38.2% retracement level and if it will sustains below this level then we can see STI @ 3100 mark soon.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3100 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3235

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to losing its trend.

STI Singapore Stock Market Forecast - 25 Sept 2013

Market Reviews:

STI opens flat today, and closed also near to opening level. Overall the Index closed lower.

STI opens with flat @ 3213.57 and then Index made day high@ 3229.61. But cant able to cross its classic Resistance of 3230 and finally closed @ 3211.75 with loss of 2.50 down by 0.08%.

Some 4.86 billion shares, valued at S$1.42 billion were traded. Gainers numbered 229 while losers numbered 238.

Market forecast:

STI facing resistance at its classic resistance level that is 3230 mark and closed below then previous close.

STI traded lower from last 3 days, today STI opens flat and traded for higher levels but closed on lower levels , with this movement STI formed a candlestick pattern called “Spinning top”. This single candlestick having small body and long upper shadow and small lower shadow.

A small real body shows that the bulls and the bears are battling it out in a tug-of-war, with neither the bulls nor bears being able to make dominant control. Selling pressure (bears) pushes the real body down, but buying pressure (bulls) keep it from being a long black real body. In the other scenario for a spinning top, demand is stepping in but supply is counterattacking and in doing so, keeps the market from forming a tall white candle. Spinning tops have a sort of cousin name high wave candles.

Support:

STI having immediate support @ 3190 level and below this level it can take support @3160-3130 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3235 and above this level it may take resistance @ 3265-3285.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

STI Singapore Market Outlook for 24th Sept. 2013

Market Reviews:

After last week euphoria STI sheds some point’s it’s a second straight session as investors stayed on the side lines on uncertainty over the results of US budget talks.

STI opens with huge gap down @ 3219.80 and then Index hit lower level @ 3203.08 and took support at this level and recovers some points and made day high @ 3220.73 and then closed @ 3214.25 with loss of 23.28 down by 0.72%.

Some 5.54 billion shares, valued at S$2.14 billion were traded. Gainers numbered 377 while losers numbered 144.

According to the MAS, CPI-All Items inflation edged up to 2.0% in August from 1.9% in July, on account of stronger increases in the costs of accommodation, services and food which was partly offset by the smaller gain in private road transport cost.

Market forecast:

After making high @ 3260 level today STI sheds all the previous week gain and about to cross its 3200 mark, made low @ 3202 level.

STI traded lower from last 2 days, STI formed pattern called Runaway Gap in last week and today index covers this gap .now for further movement in Index we can say if STI took support at today’s lower level i.e. 3220-3200 mark then it will recover again. On the other side if STI crossed this lower mark then we can see further lower movement in the STI.

STI having a potential to go up side but the players are cautious about the recent recovery and they are playing safe game with little movement.

Support:

STI having immediate support @ 3190 level and below this level it can take support @3160-3130 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3235 and above this level it may take resistance @ 3265-3285.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

STI Singapore Weekly Outlook for 23-27 Sept. 2013

Weekly Summary:

Singapore shares edged up, and made its 7 weeks high this week above 3250 mark. After the US Federal Reserve decided to continue with its monetary stimulus programme.

Week starts with gap up opening in STI @3151.40 and then STI continuously opened with gap whole week and finally made week high above 3250 level @ 3260.14 , finally week ended @ 3237.53 with gain of 117.23 points up by 3.75% wow basis.

Macro-economic News:

Singapore’s August non-oil domestic exports (NODX) surprised a generally optimistic market consensus (+2.4% y/y) on the downside and posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y contraction seen a month ago. The contraction was due to weak performance seen in both electronic exports (-9.2% y/y) and non-electronic exports (-4.7% y/y).

Market Forecast for week ahead:

• STI made its 7 week high mark in this week, in the hope of some positive new from U.S government. Also now this level STI looks Bullish if it maintains the 3200 mark.
• STI formed a big green candle, opens well above its previous candle and closed with good gain. It is a highly bullish candle, but we cannot interpret further bullishness whenever the next candle will not confirm the trend.

STI Resistance:

• STI having Resistance @ 3285 and above this level it may take resistance from 3305-3350 levels.

STI Support:

• STI having nearest support @ 3210 below this 3180-3130 will be the support area for market.

Technical Indicators:

Technical indicators are giving positive impression.

Singapore Stock Market Forecast 19-Sept 2013

Market Reviews:

STI Index surged as much as 2.1% today to the highest in nearly 7 weeks after the US Federal Reserve decided to continue with its monetary stimulus programme.

STI opens with huge gap up @ 3255.68 and then Index hit an intra-day high of 3,260.14 points, the highest since Aug 2, finally closed @ 3251.78 with gain of 57.93 points up by 1.81%.

Some 5.54 billion shares, valued at S$2.14 billion were traded. Gainers numbered 377 while losers numbered 144.

Market forecast:

STI made its 7 weeks high @ 3260.14 and traded with gap up, STI closed above its 3250 mark.

Today STI made a Gap pattern called “Runaway Gap” A type of gap on a price chart that occurs during strong bull or bear movements characterized by an abrupt change in price and appearing over a range of prices. They are best described as gaps caused by a sudden increase/decrease in interest for a stock. Most analysts view these gaps as temporary, expecting prices to converge upon the range in which the gap occurred in order to fill the missing segments.

STI having a potential to go up side but the players are cautious about the recent recovery and they are playing safe game with little movement.

Support:

STI having immediate support @ 3230 level and below this level it can take support @3210-3180 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3280 and above this level it may take resistance @ 3300-3320.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

Singapore Share Market Technical Outlook for 19-Sept 2013

Market Reviews:

STI continue the bullish rally on opening session , but as most of the Asian stock markets were mostly lower in cautious trade on Wednesday, as investors awaited the outcome of the Federal Reserve’s policy meeting later in the session, amid expectations the central bank will start tapering its USD85-billion-a-month bond-buying program.

STI opens @ 3195.03 with and traded in very narrow range for the day, after opening it made day low @ 3189.60 and then it recovers from this level and made day high @ 3204.20. Finally closed @ 3193.85 with gain of 12.93 up by 0.41%.

Some 5.44 billion shares, valued at S$1.41 billion were traded. Gainers numbered 282 while losers numbered 178.

Market forecast:

STI today crossed its 3200 mark and made high above this level near to resistance of 3205, but closed below 3200 mark.

Today STI made a Star candle it opens up and closed near to opening level also the movement was very narrow which was helps to form this pattern.

STI from a 2^nd star candle in a row, which means STI having a potential to go up side but the players are cautious about the recent recovery and they are playing safe game with little movement.

Support:

STI having immediate support @ 3180 level and below this level it can take support @3150-3130 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3205 and above this level it may take resistance @ 3235-3250.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

First REIT: Share Price Correction Overdone; Upgrade to BUY

By Andy Wong
Mon, 16 Sep 2013, 09:24:30 SGT

We visited five of First REIT’s (FREIT) properties (four hospitals and one hotel and country club) in Indonesia over a two-day period last week. The hospitals are operated by Siloam International Hospitals (subsidiary of Lippo Karawaci) and are generally well-maintained and equipped with modern medical equipment from international brands such as Siemens and Philips. Meanwhile, FREIT recently lowered its floating rate exposure from 72% to 46% of its total debt following a refinancing exercise. Its next refinancing need will only come in 2016. We believe that FREIT’s sharp share price correction has been overdone, as it has minimal exposure to the volatility in the IDR thanks to its lease structure. Hence we upgrade FREIT from Hold to BUY on valuation grounds, with an unchanged fair value estimate of S$1.20. FREIT also offers an attractive forecasted distribution yield of 7.6% in FY13 and 8.3% in FY14.

Indonesian properties visit
We visited five of First REIT’s (FREIT) properties (four hospitals and one hotel and country club) in Indonesia over a two-day period last week. This included its Siloam Hospitals TB Simatupang (SHTS), which is located in South Jakarta and acquired by FREIT only in May this year. The hospitals are operated by Siloam International Hospitals (subsidiary of Lippo Karawaci) and are generally well-maintained and equipped with modern medical equipment from international brands such as Siemens and Philips. For example, SHTS, Siloam Hospitals Lippo Village (SHLV) and Mochtar Riady Comprehensive Cancer Centre (MRCCC) all offer the 3-tesla magnetic resonance imaging (MRI) machines, which we consider as advanced in today’s medical field.

Floating rate exposure reduced following refinancing exercise
FREIT announced on 28 Aug 2013 that it had successfully refinanced S$92m of its floating rate debt to a 4-year fixed-rate secured Transferable Term Loan Facility (all-in cost of borrowing of ~3.7%). We estimate that this would lower FREIT’s floating rate exposure from 72% to 46% of its total debt. Following this successful refinancing exercise, FREIT’s next refinancing need will only come in 2016.

Share price correction overdone; upgrade to BUY
Concerns over Indonesia’s easing economic growth, high inflation and sharp depreciation in the IDR have adversely impacted stocks with large exposure to Indonesia, such as FREIT. Coupled with QE tapering fears, FREIT’s share price has dipped 28% since mid-May this year. However, FREIT has minimal exposure to the IDR volatility, in our view. This is because the base rental for its Indonesian properties is denominated in SGD, while the variable rental component is pegged to a fixed SGD/IDR rate throughout the entire lease tenure. We had also previously taken into account the spike in the Singapore government 10-year bond yield in our risk-free rate assumption (2.6% used in our model). We believe that the correction in FREIT’s share price is overdone. Hence we upgrade FREIT from Hold to BUY on valuation grounds, with an unchanged fair value estimate of S$1.20. FREIT also offers an attractive forecasted distribution yield of 7.6% in FY13 and 8.3% in FY14.

STI Singapore Market Outlook for 18-Sept 2013

Market Reviews:

STI continue the bullish rally and opens with gap also closed with little gain.

STI opens @ 3183.81 with and traded in very narrow range for the day, after opening it made day low @ 3176.75 and then it recovers from this level and made day high @ 3188.77. Finally closed @ 3180.92 with gain of 1.440 up by 0.04%.Some 3.18 billion shares, valued at S$1.3 billion were traded. Gainers numbered 175 while losers numbered 282.

Singapore’s August non-oil domestic exports (NODX) surprised a generally optimistic market consensus (+2.4% y/y) on the downside and posted a contraction of 6.2% y/y, worse than a revised 1.9% y/y contraction seen a month ago.The contraction was due to weak performance seen in both electronic exports (-9.2% y/y) and non-electronic exports (-4.7% y/y).

Market forecast:

STI traded above its 3180 level today and closed just at same level, its good sign if it will continue the trading above this mark.

STI formed a candlestick looking like that STI making a Pattern called evening star, but yet we cannot assume this, after next day movement we can decide the authenticity of this pattern. We need bearish candle to complete this pattern.

Today STI made a Star candle it opens up and closed near to opening level also the movement was very narrow which was helps to form this pattern.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3110 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3190 and above this level it may take resistance @ 3205-3235.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

Singapore Stock Market Forecast for 17-Sept 2013

Market Reviews:

STI continue the bullish rally and opens with gap also closed at high of the day.

STI opens @ 3151.40 with gap and just made day low near to opening price i.e 3147.46. Today STI traded in only one direction that too upwards and made day high @ 3181.72 and finally closed @ 3179.48 with gain of 59.18 up by 1.90%.

Some 3.6 billion shares, valued at S$1.72 billion were traded. Gainers numbered 329 while losers numbered 178.

Market forecast:

STI crossed its 3150-3180 level in one day, which was expected to be broken in coming day.STI opens above its tweezers top level i.e. 3136 formed in last week.

STI formed a candlestick pattern called a Rising Window, this pattern formed because of gap up opening .  It occurs when previous day’s high is below today's low, leaving a hole on the daily price chart. The pattern appears in a rising price trend, and it acts as a bullish continuation pattern. Rising windows occur often, so you will find them on the charts, but the longer the time scale, the more difficult it is to find one.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3110 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3235.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

STI Singapore Stock Market Weekly Outlook 16-20 Sept 2013

Weekly wrap of STI:

Singapore shares edged up, on course for their 2nd week of gains after 4 in the red, outperforming most southeast Asian markets, lingering near a 3-week high level hit in the previous session, underpinned by gains in stocks with exposure to China as the world's second-largest economy appears to have dodged a sharp slowdown.

Week starts with gap up opening in STI 3072.35 and then it did see back just made low of 3071.32 and take a speed to cross 3150 levels and soon made week high @ 3136.53, fails to cross next level and finally closed @3120.30 with gain of 71.95 up by 2.31% wow basis.

Market Forecast for week ahead:

• In the previous week STI took support @ 2990 level and recovers some points, with this recovery it made a small triangle pattern on daily chart, and this week STI traded well above this chart pattern.
  
  
• STI closed above its 3100 mark, it made high of 3136, cant able to cross above this and traded in narrow range from past 3 days, so further uptrend it’s very important for STI to cross its recent high.

• As previous week STI formed bullish Harami and traded higher side as this pattern indicates. This week STI formed a candlestick pattern called a Belt Hold Pattern The opening price, which becomes the low for the day, is significantly lower than the closing price. This results in a long white candlestick with a short upper shadow and no lower shadow. 
  
  Here we can consider belt hold a reverse in investor sentiment from bearish to bullish. Since this trend occurs frequently but is often incorrect in predicting future share prices, it is rarely perceived to be useful. As with any other candlestick charting patterns, more than just two days of trading should be considered when making predictions about trends.

STI Resistance:

• STI having Resistance @ 3150 and above this level it may take resistance from 3180-3220 levels.

STI Support:

• STI having nearest support @ 3090 below this 3060-3030 will be the support area for market.

Technical Indicators:

Technical indicators are giving positive impression.

STI Singapore Market Outlook for 10 Sept 2013

Market Reviews:

It’s a 3^rd continuous uptrend in STI, and today it opens with gap and also closed well above resistance level.

STI opens with gap up @ 3072.35 and then it continuously traded at northern trend and finally made day high @ 3093.41. STI closed for the day @ 3088.20 gains of 39.85 points up by 1.31%.

Some 2.63 billion shares, valued at S$1.23 billion were traded. Gainers numbered 314 while losers numbered 160.

Market forecast:

STI open with good gap and traded above the 3050 mark which were resistance level for STI.

We can see short triangle on STI daily graph and today STI closed well above this triangle. But for further prediction of index move we need to watch next day move.

Support:

STI having immediate support @ 3050 level and below this level it can take support @3020-2990 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3095 and above this level it may take resistance @ 3110-3130.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking in recovering mode.

STI Singapore Market Outlook for 04-Sept 2013

Market Reviews:

It’s a 2^nd day where STI recovers and closed on higher levels, STI closed above 3050 level.

STI opens slightly lower @ 3050.12 marks and recovers from that level and made day high @ 3062.79, but closed with shed some points @ 3054.78 with loss of 0.940 points down by 0.03%.

Some 4.18 billion shares, valued at S$1.31 billion were traded. Gainers numbered 258 while losers numbered 178.

Market forecast:

STI closed above its long-term support zone of 3030, recovers from its recent low of 2990.

STI formed short candlestick pattern called inverted hammer in this type of candle having a short body with longer upper shadow but no lower shadow. This candle formed when index open @ its lower and then made higher mark but can’t able to sustain higher levels and closed near to previous day close.

After a long down trend STI took support @ 2990 level and recovers almost 60 points from recent low. And the positive thing is it traded above the 3030 mark which was a long term support level.so if STI continue traded above 3030 mark so we can see some recovery in it.

Support:

STI having immediate support @ 3020 level and below this level it can take support @2990-2970 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3070 and above this level it may take resistance @ 3090-3110.

Technical indicators:

Technical indicators MACD, RSI and CCI all are looking bearish