Singapore Stock SGX : Weekly Wrap and Technical outlook-29 Aug

Market Review for STI:
STI opened higher for the week at 3358.52 and the closing was marked at 3327.09. On a year-on-year basis, Singapore's manufacturing output grew 3.3% in July 2014. Excluding biomedical manufacturing, output decreased 2.2%. On a seasonally adjusted month-on-month basis, manufacturing output increased 2.7% in July 2014. Excluding biomedical manufacturing, output declined 0.8%.According to central bank data, total bank lending in Singapore was barely changed in July from June as loans to manufacturing, building and construction rose while lending to financial institutions fell.

STRAIT TIMES WEEKLY WRAP
Open	3331.91
High	3358.52
Low	3321.32
Close	3327.09
Change(Points)	+1.59
% Change	+4.77%

Market forecast for STI:
STI overall is in uptrend and gave up move for the week made a high of 3358.52 but closed lower .We may expect the bullishness in market and it is expected to open higher.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3315	3278	3250	3360	3385	3450

Technical indicators: RSI and CCI both the technical indicators are supportive for the bullish move of the market and is at 60& 100 for the week.

Important Factor for today:-

• Fitch Ratings says that the prudential and regulatory framework for banks in Singapore remains strong.
• Asian markets slipped today as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data.
• Singapore’s Olam International, one of the world’s biggest traders of rice, coffee and cocoa, posted flat annual core earnings, hampered by weaker sales in the latest quarter as the company exited or downsized businesses. Its net profit for the quarter ended June fell 43.9% to $31.8 million.
• IPS Securex Holdings, the provider of security products and integrated security solutions, said it has won a $4.5 million contract from the HDB for the installation, leasing and maintenance of alert alarm systems (AAS) for several blocks of residential housing across Singapore. The AAS is for use by the elderly during an emergency.
• Hong Kong stocks climbed 0.55 per cent in the first few minutes of trade today following another positive lead from Wall Street.
• Singapore sovereign fund GIC said it has invested US$104m in Taiwanese music streaming service provider KKBOX.
• COSMOSTEEL Holdings fell 11.6 per cent early on Thursday following news that the company's chief executive and an executive director were called in by corruption investigators.
• CAPITALAND’S wholly owned serviced residence unit, The Ascott, has won a contract to manage a 174-unit serviced residence in Gurgaon, near New Delhi.

Sector Allocation Chart

Sector	RISE	FALL	UNCHANGED
properties	22	30	30
manufacturing	57	47	154
services	36	46	72
commerce	16	17	66
finance	10	11	27

SIngapore SGX : STI Closing Outlook 21 Aug

Market Review for STI:
Share prices opened up at 3327.47. Asian markets mostly fell today, with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's second-largest economy. STI seems to be in uptrend made a high of 3335.38 and closed at 3324.09.

STI Day Performance
Open	3327.47
High	3335.38
Low	3319.83
Close	3324.09
Change(Points)	+0.44
% Change	+0.01
Volume	1451.1M
Rise	203
Fall	197
Unch	715

Market forecast for STI:
A slower up pace is been seeing in the market which is indicating bullishness for the market .We may expect the same in coming trading session.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3270	3340	3360	3380

Technical indicators:
RSI is above the centre line at 60 and CCI is at -80.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
CITYDEV.SG	10.17	1.5	OLAM INTL.SG	2.51	-1.95
THAIBEV.SG	0.675	0.75	HONGKONGLAND USD.SG	6.92	-1.84
OCBC BANK.SG	10.44	0.58	JMH 400 USD.SG	59	-1.67
CAPITAMALL TRUST.SG	2.01	0.5	JARDINE C&C.SG	44.79	-0.86
STARHUB.SG	4.13	0.49	SIA ENGINEERING.SG	4.54	-0.44

Important Factor for today:-

• Singapore's domestic wholesale trade fell 6.1 per cent in the second quarter of 2014 compared to a year ago.
• Moody's investor services concluded its review on OCBC bank, and confirmed its ratings on the Singapore bank's long-term debt, deposit and standalone ratings.
• Tiong Woon Corporation holding reported a 25 per cent increase in net profit to s$22.1 million for its fy14 ended June 30, thanks to lower income tax expenses and the absence of loss from discontinued operations which it incurred a year ago.
• Star hub has launched on Wednesday a new cloud marketplace, 'smart business', for small and medium sized businesses (smbs) to buy software and services such as Microsoft office 365 and McAfee endpoint protection.

Bursa Malaysia : Market Closing Updates 21 Aug

Market Review for KLCI:
Share prices opened flat on Thursday with the KLCI up 0.78 points to 1870.04. Asian stocks declined Thursday with China leading the region lower, while the Australian dollar fell sharply after worse-than-expected employment data. This impacted KLCI too.The close for the day was observed at 1867.32 .The prices are below 20 and 50 days EMA.

KLCI Day Performance
Open	1874.35
High	1878.89
Low	1872.59
Close	1878.89
Change(Points)	6.730
% Change	0.36%
Volume	7669.9M
Rise	227
Fall	758
Unch	1328

Market forecast for KLCI:
Market was in corrective session today and it formed Bearish Harami chandle stick pattern which signifies that the prices gapped lower and closed lower than the previous day. Therefore, the harami pattern suggests that prices could go downward or sideways in the short term because the bullish upward pressure has diminished.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1868	1857	1833	1890	1892	1907

Technical indicators:RSI stood below the centre line at 53.467 with its CCI at 66.618. Difference line of MACD performed at -1.932 above its signal line which performed at -4.091.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
IOICORP	4.83	-3.4	HLFG	17.6	2.44
KLK	23.16	-2.93	SKPETRO	4.19	1.45
YTL	1.55	-1.9	IHH	5.02	1.41
GENTING	9.68	-1.43	ASTRO	3.35	1.21
UEMS.KL	1.97	-1.01	CIMB	7.12	0.71

Economic Factors:

• The ringgit opened lower against the US dollar today due to lack of demand.
• Malaysia’s ringgit dropped for a second day as a signal from the Federal Reserve that it’s on target to increase interest rates next year boosted demand for the dollar.
• The Asean Economic Community (AEC), the single market which takes shape next year, promises benefits to the people and businesses. 2015 onwards, Customs duties on 97.3% of the goods traded in the region will be duty-free.
• Automotive sector is expected to pick up speed for the period, driven by major launches, which would spur buying interest and perform in the H2 of this year.
• Perdana Petroleum’s first half financial year 2014 result has met 38 per cent and 50 per cent of our revenue and earnings estimates, respectively. Second quarter finan-cial year 2014 revenue registered RM88.6 million, while earnings is on track with RM24 million. Its performance is reaffirmed by its earnings visibility from its RM1.3 billion order book of longer term contracts up to 2019.
• Airasia Bhd’s earnings surged more than fivefold to RM367.1 million in the Q2 ended June 30, from RM58.3 million recorded in the same period last year. This was achieved on the back of a higher revenue of RM1.3 billion, up 5.1%from the RM1.2 billion recorded a year ago, mainly driven by 1% growth in passenger volume and lower average fare.
• IOI Corp Bhd’s net profit surged 70% to RM3.3 billion in the financial year ended June 30 from RM1.9 billion in the previous financial year, backed by the RM1.8 billion gain from the demerger of the group’s property business.
• Boustead Plantations Bhd (BPB) chalked up a net profit of RM9.4 million in the Q2 ended June 30 after registering losses of RM10.4 million in the same period last year. This was on the back of a higher revenue of RM188.7 million, up 24.4 per cent, compared with RM151.7 million for the same period.
• The major shareholder of Brahim’s Holdings Bhd said he may consider selling the company’s stake in in-flight caterer Brahim’s Airline Catering (BAC) Sdn Bhd should there be a request from Malaysia Airlines (MAS).
• The Malaysian Association of Tour and Travel Agents (MATTA) expects to rake in RM150 million in revenue from its travel fair next month as more people are ready to travel in the second half of the year.
• Pharmaniaga Bhd chalked up a pre-tax profit of RM24.62 million for the second quarter (Q2) ended June 30, 2014, up from RM9.61 million in the same quarter last year.

KLCI Outlook of Malaysia Stock Market Closing 19 Aug

Market Review for KLCI:
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded on today, in tandem with regional markets, following the positive overnight performance on Wall Street, the key index opened 1.22 points firmer at 1,862.97 and stood up 2.56 points at 1,864.31. Shares on Bursa Malaysia continued the uptrend at mid-afternoon today, bolstered by gains seen in selected heavyweights and finance-linked counters.

KLCI Day Performance
Open	1862.97
High	1872.16
Low	1862.49
Close	1872.16
Change(Points)	10.410
% Change	0.56%
Volume	5112.6M
Rise	456
Fall	439
Unch	1417

Market forecast for KLCI:
Market opened at support of 1862.661 and move 10 points today in green market, it is expected the prices may cross today’s closing at 1872 and rebound the market.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1859	1850	1837	1882	1895	1910

Technical indicators:RSI stood below the centre line at 52.432 with its CCI at 24.611. Difference line of MACD performed at -4.343 above its signal line which performed at -5.083.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PETDAG.KL	21.56	4.36	UEMS.KL	1.98	-1.49
RHBCAP.KL	9.5	2.37	UMW.KL	12.3	-0.49
PPB.KL	14.98	2.04	AXIATA.KL	6.95	-0.14
HLFG.KL	17.38	1.64	MAXIS.KL	6.59	0.3
BAT.KL	71.46	1.51	SIME.KL	9.55	0.42

Economic Factors:

• The ringgit closed lower against the US dollar yesterday on profit-taking.
• Crude palm oil (CPO) futures prices ended marginally lower yesterday due to the prevailing negative sentiment.
• The local rubber market closed sharply lower yesterday and in line with the decline on the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE).
• Media sector underweight which was badly hit by the MH17 tragedy in July with total gross adex deteriorating by 9% month-on-month.
• Malaysia Airlines (MAS), the loss-making carrier reeling from two separate aircraft disasters this year, has postponed publication of second-quarter earnings from Wednesday until Aug. 28.
• Matrix Concepts Holdings Bhd’s Q2 net profit climbed 41.3pc to RM42.4m, from resilient demand for new launches of affordable residential and industrial properties.
• Integrated crane fabricator and services provider Handal Resources Bhd marked a six-fold jump in H1 net profit to RM1.25 million, on favourable product mix and improved cost efficiency.

SGX Singapore : STI Technical Analysis 19 Aug

Market Review for STI:
Singapore share prices opened higher with the Straits Times Index up 6.25 points to 3,319.03. Prices formed a inverted hammer pattern for the day, which let prices to rebound.

STI Day Performance
Open	3318.68
High	3326.69
Low	3313.47
Close	3315.03
Change(Points)	3.650
% Change	0.11%
Volume	1733.2M
Rise	227
Fall	163
Unch	725

Market forecast for STI:
Prices ended higher at 3316.43 and Market stood at resistance level 3307. It is expected to rebound on completion of rounding bottom pattern.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3306	3296	3281	3326	3338	3351

Technical indicators: 

RSI is above the centre line at 59.568 and CCI is at 78.358.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP IND	5.17	-1.15	CAPITALAND	3.36	2.13
GOLDEN AGRI-RES	0.52	-0.95	THAIBEV	0.65	1.56
COMFORTDELGRO	2.48	-0.8	OCBC BANK	10.31	1.08
JMH 400 USD	60.71	-0.54	CAPITAMALL TRUST	1.995	0.76
JSH 500 USD	36.48	-0.44	HPH TRUST USD	0.71	0.71
SEMBCORP IND	5.17	-1.15

Important Factor for today:-

• Singapore’s Oversea-Chinese Banking Corp (OCBC) said yesterday it plans to raise S$3.37 billion (RM8.53 billion) in a rights issue to boost its balance sheet following its takeover of Hong Kong’s Wing Hang Bank.
• LOCAL payment performance deteriorated further in the Q2 of this year, according to the latest statistics from the Singapore Commercial Credit Bureau (SCCB), since Q3 2013, overall payment promptness of local firms fell sharply below the 50% mark in Q2 2014.
• Olam International on Monday announced that it was selling a 25% stake in its packaged food business to Japanese noodles manufacturer Sanyo Foods for US$187.5 million.
• Nam Cheong announced its entry into a joint venture (JV) with smaller shipping firm, Marco Polo Marine, to invest in and operate vessels together.

Bursa Malaysia : KLCI Technical Analysis 13 Aug

Market Review for KLCI:
FBMKLCI opened higher this morning lifted by buying support despite the overnight weak performance on Wall Street. The Bursa Malaysia key index, FBM KLCI was 7.65 points or 0.41% higher. There were 409 gainers, 316 losers and 327 counters traded unchanged on the Bursa Malaysia. Wall Street ended lower yesterday following the disappointing German economic data as well as ahead of the US retail sales report.

KLCI Day Performance
Open	1853
High	1858
Low	1849
Close	1858
Change(Points)	7.650
% Change	0.41%
Volume	3587.3M
Rise	544
Fall	313
Unch	1428

Market forecast for KLCI:
KLCI has formed a green candlestick pattern above previous session’s close. It is anticipated to open tomorrow in between 1856-1860 and may perform well on an account of growing economy.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1850	1839	1825	1867	1882	1896

Technical indicators:RSI stood below the centre line at 42.702 with its CCI at -109.251. Difference line of MACD performed at -6.426 below its signal line which performed at -3.154.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PPB.KL	15.24	3.67	SKPETRO.KL	4.19	-1.18
PETGAS.KL	22.26	2.58	DIGI.KL	5.62	-0.71
FGV.KL	4.06	2.27	UEMS.KL	2.03	-0.49
MISC.KL	6.73	2.12	HLFG.KL	17.04	-0.35
GENM.KL	4.37	1.63	AXIATA.KL	6.95	-0.29

Economic Factors:

• The ringgit opened slightly higher against the US dollar in early trade this morning on mild buying.
• Press Metal Bhd's shares rose 15 sen to RM6.25 following its bullish second quarter results posted yesterday.
• The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended untraded yesterday.
• Crude palm oil (CPO) futures prices rebounded to close higher yesterday after touching a one-year low on Monday, supported by renewed demand for the commodity.
• The local rubber market extended its losses yesterday in tandem with the downtrend on the Tokyo Commodity Exchange (Tocom). The rubber futures prices on Tocom had been affected by the uncertainties in crude oil prices.
• Petroliam Nasional Bhd’s (Petronas) net profit inched up to RM39.81 billion in the first six months of this year from RM35.63 billion a year ago. Its revenue rose 12% to RM169.40 billion from RM151.10 billion in the same period last year. The group said the stronger revenue was mainly due to higher oil and gas production volume, petroleum products and LNG trading volume.

Singapore STI Technical Outlook 13 Aug

Market Review for STI:
Share prices opened lower with STI down 3.69 points to 3,298.80.Asian shares were mixed today, with the Tokyo market shrugging off data showing a contraction in the Japanese economy as investors awaited the release of key US and Chinese data. The market closed lower breaking the support of 3307 and closed at 3301.41. 

STI Day Performance
Open	3298.80
High	3303.90
Low	3293.51
Close	3301.41
Change(Points)	-1.98
% Change	-0.06%
Volume	1633.0M
Rise	202
Fall	186
Unch	725

Market forecast for STI:

We may expect STI to slide down further as it is below the support level .It may again take support in the range of 3280-3290.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3290	3275	3260	3330	3340	3350

Technical indicators: 
RSI is below the centre line at 45.83 and CCI is at -38.79.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
OLAM INTL	2.5	1.63	THAIBEV	0.625	-1.57
CITYDEV	10.05	1.21	COMFORTDELGRO	2.56	-1.54
CAPITALAND	3.35	0.9	DB	17.78	-1.44
NOBLE	1.365	0.74	GENTING SING	1.27	-1.17
GLOBAL LOGISTIC	2.75	0.73	SEMBCORP MARINE	3.97	-0.75
THAIBEV	0.625	-1.57	THAIBEV	0.625	-1.57

Important Factor for today:-

• Hong Kong stocks opened 0.15 per cent higher as investors shrugged off a weak lead from the US and European markets.
• PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.
• Net profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.
• Swiber Holdings, the support services provider to the offshore oil and gas industry, reported a net profit of US$63 million for the six months ended June 30 (HY2014), up 68.3% from US$37.4 million in the same period a year ago.

SGX Singapore Stock Market Outlook 12 Aug

Market Review for STI:
Share prices opened higher with STI up at 3314.90. Singapore’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. The high for the day was observed at 3319.7 and the low was observed at 3303.03.

STI Day Performance
Open	3314.90
High	3319.70
Low	3303.03
Close	3303.39
Change(Points)	-3.06
% Change	-0.09%
Volume	1543.9
Rise	227
Fall	205
Unch	680

Market forecast for STI:
STI formed a red candle for the day and ended lower .Though it started off positive .It indicates the bearish pull.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3285	3270	3320	3340	3360

Technical indicators:
RSI is below the centre line and CCI is at -74.32.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
COMFORTDELGRO	2.6	1.56	CAPITALAND	3.32	-1.19
THAIBEV	0.635	0.79	NOBLE	1.355	-1.09
HPH TRUST USD	0.685	0.74	WILMAR INTL	3.19	-0.93
SIA	9.86	0.61	OCBC BANK	10.14	-0.88
UOB	22.75	0.53	HONGKONGLAND USD	6.83	-0.87
			CAPITALAND	3.32	-1.19

Important Factor for today:-

• Valueelectronics Holdings, the designer and manufacturer for consumer electronics brands, announced that its net profit for the three months ended 30 June 2014 (1QFY2015) increased by 1.8% to HK$33.9 million from a year ago (1QFY2014).
• SINGAPORE has revised lower its full-year 2014 growth forecasts for total trade and non-oil domestic exports to between 1.5 and 2.5 and between -2.0 and -1.0 per cent, respectively.
• Falcon Energy Group, the provider of services to the offshore oil and gas industry, announced it has recorded revenue growth of 254.3% to US$92.7 million and a 26.3% increase in profit after tax to US$10 million for the first quarter of the financial period ended June (1QFY2015) from a year ago.
• CSE Global on Monday said its profit attributable to owners of the company for the fiscal second quarter ended June 30 fell 35.5 per cent year on year to S$8.03 million.
• VEHICLE inspecting and testing services provider VICOM's net profit for the second quarter ended June rose 5.5 per cent to S$7.23 million from S$6.85 million a year ago.Revenue raised 2.4 per cent, from S$26.62 million to S$27.26 million.