Singapore Stock Signals: Technical Analysis Outlook 24th Nov

Market Review for STI:
Share prices opened higher today with the Straits Times Index up. Singapore shares struggled to hold on to their morning gains as investors seemed content to take profit and focus on markets in Hong Kong and China, where stocks were in greater demand as a surprise rate cut by the Chinese central bank fuelled hopes that companies would start to increase spending and investment. Market breadth has turned neutral from positive, with the Straits Times Index little changed at 3,344.57 at 12:30pm. The benchmark had risen to 3,356 earlier.
Market Updates

STI Day Performance
Open	3349.39
High	3356.27
Low	3339.53
Close	3340.53
Change(Points)	-4.79
% Change	-0.14
Volume	1456.0M
Rise	195
Fall	181
Unch	413

Market forecast for STI:
We may expect it to dip down in the next trading day as it is on its resistance level of 3350.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3330	3320	3310	3350	3365	3372

Technical Indicators:
RSI is at 62 and CCI is at 144.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
NOBLE.SG	1.24	2.06	OLAM INTL.SG	2.2	-1.79
CAPITALAND.SG	3.32	1.53	JARDINE C&C.SG	40.75	-0.95
ST ENGINEERING.SG	3.39	1.5	CITYDEV.SG	9.88	-0.9
GOLDEN AGRI-RES.SG	0.455	1.11	COMFORTDELGRO.SG	2.58	-0.77
SEMBCORP IND.SG	4.62	0.65	SINGTEL.SG	3.89	-0.77

Important Factor for today:-

• Market update: sti is currently on its resistance i.e.3341. the bull is tired but still on top. it is not time to be aggressive buyer and all long positions must be protected with stops.
• STI Mid Cap index gained +0.64% while the ftse st small cap index gained +0.83%. the top active stocks were sing tel (+0.51%), uob (+1.37%), dbs (+1.64%), keppel corp (+0.22%) and ocbc bank (+1.16%).
• Singapore wants to be a smart nation in 10 years, making it one of the world's leading cities.
• Singapore’s headline inflation eased more than expected in october, slowing to 0.1 per cent last month from 0.6 per cent in september. this marks a new low since december 2009.
• Tehnics oil & gas limited is expected to report an operating net loss attributable to the equity holders of the company for q4 fy2014 and for fy2014 after taking into account the provision of impairment recommended by the auditors.
• Pacific andes: announces 27.5% growth in net profit for fy2014.growth in gross profit and gross margin, mainly due to enlarged business. strong position to capitalise on robust global growth in aquaculture.
• Forterra trust: US$300 million 3.98% 5-year loan from icbc to refinance the place.

SGX Singapore : STI Weekly Technical Analysis

Weekly wrap of STI:

Singapore stocks clawed back some of their losses from previous day, helped by a rebound in Japan, where investors are expecting Prime Minister Shinzo Abe to call for snap elections and announce a stimulus package for the economy, which slipped into recession in 3Q2014. Gains by the three local banks helped the Straits Times Index end in positive territory, even as most other Asian stock indexes pulled back. The STI rose 0.6% to 3,334.56. Singapore's Straits Times Index fell on Monday after non-oil export data set a negative tone to the days trading. The index closes 0.8% lower at 3,288.67, retreating from its highest level since mid-September. About 1.23 billion shares, valued at $1.03 billion, were traded. Interest in Singapore shares remains subdued as investors mull concerns of lower inflation expressed by the US Federal Reserve and data showing a slowdown in China's manufacturing sector in November. Singapore shares ended the morning session mostly higher, with banks among the key gainers. Live Signals

STRAIT TIMES WEEKLY WRAP
Open	3310.53
High	3347.42
Low	3285.6
Close	3345.32
Change (Points)	29.65
% Change	+0.88%

 Market Forecast for week ahead:

STI is bullish from last six weeks and we may expect a correction next week. It may take support at the level of 3350 and can be bearish.

Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3330	3300	3280	3350	3370	3380

 Technical Indicators:

RSI is above the centre line and is at 59.80 CCI is at the level of 61.40

Macroeconomic factors:

• SINGAPORE'S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics said on Thursday.The fall was largely due to the general wholesale trade industry, which recorded the largest decrease .
• SINGAPORE is ranked only 16th in the world when it comes to talent competitiveness, due to its imbalance in optimising homegrown talent and attracting those from overseas.
• The newly launched trading link between Shanghai and Hong Kong is a "positive catalyst" for the Singapore Exchange and could account for almost 9% of its FY2015 revenue, says Deutsche Bank.
• STI market appears fully priced at 13.5 times forward earnings, close to one standard deviation above its seven-year average, said brokerage Maybank Kim Eng Research in a recent report.
• The brokerage is "neutral" on the Singapore market with a 3,440-point Straits Times Index (STI) target in 2015, about 4 per cent higher from current levels.
• THE Singapore Exchange (SGX) is launching five new petrochemical derivatives products in the next two months.
• SINGAPORE has dropped six places when compared to its 2005 ranking in IMD's new annual World Talent Report, and is now in 16th place. It was ranked 17th last year. The ranking assesses a country's ability to develop, attract, and retain talent for companies that operate there.
• Singapore's annual core inflation and headline consumer inflation in October probably held level against September, a seven-month low, a Reuters poll showed.
• TELCO giants SingTel and Huawei are working together on the next generation of mobile broadband technologies.
• ST Engineering has appointed several new senior management personnel to shore up its leadership team.
• Gains in banks and SingTel drove the Straits Times Index higher in early trading.Since the recent release of their 3Q2014 results, which beat market expectations, DBS, OCBC and UOB have been widely recommended by analysts.

Sector Allocation Chart by Turnover

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	116,093,000	190,492,691	39	11	31
Multi-Industry	22,570,000	81,538,259	9	5	4
Construction	30,615,000	5,613,587	10	16	15
Commerce	89,836,831	46,341,462	24	21	56
Hotels/Restaurants	3,670,000	2,931,695	2	4	11
Transport/Storage/Communications	70,613,580	152,518,434	24	6	18
Finance	21,151,000	204,302,824	13	8	26
Manufacturing	187,621,650	115,287,948	67	34	154
Services	436,094,600	159,727,549	52	31	73
Agriculture	93,300,000	46,247,494	4	1	4
Mining	56,322,000	16,445,811	7	2	4
Electricity/Gas/Water	2,247,000	1,273,610	0	1	1
Shares in Foreign Currencies	27,768,510	66,722,163	17	11	123
Total	1,157,903,171	1,089,443,527	268	151	520

SGX Stocks : Technical Analysis Review 20th Nov

Market Review for STI:
SINGAPORE share prices opened higher with the Straits Times Index up 1.96 points to 3,336.52. Singapore shares are down slightly as investors ponder the Federal Reserve's concerns about lower inflation in the world's largest economy and new data showing a slowdown in China's manufacturing sector. Singapore shares may head lower in early trading in response to a slight pullback overnight on Wall Street, where concerns about possible deflation in the world's biggest economy weighed on investor sentiment. Live TRADING SIGNALS

STI Day Performance
Open	3337.50
High	3341.71
Low	3317.37
Close	3318.18
Change(Points)	-16.38
% Change	-0.49%
Volume	934.1M
Rise	134
Fall	232
Unch	423

Market forecast for STI:
STI today filled the previous gap and also is expected to move little lower and then may take support at the level of 3312.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3312	3300	3290	3350	3360	3370

Technical Indicators:
RSI is at 58 and CCI is at 99.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
GENTING SING.SG	1.105	1.38	THAIBEV.SG	0.695	-3.47
JMH USD.SG	61.22	0.84	GOLDEN AGRI-RES.SG	0.45	-2.17
HONGKONGLAND USD.SG	6.99	0.58	JARDINE C&C.SG	40.97	-1.51
WILMAR INTL.SG	3.25	0.31	SEMBCORP MARINE.SG	3.31	-1.49
SPH.SG	4.33	0.23	ST ENGINEERING.SG	3.35	-1.47

Important Factor for today:-

• SINGAPORE share prices opened higher on Thursday with the Straits Times Index up 1.96 points to 3,336.52.
• The Singapore Productivity Centre (SPC) and DP Information Group (DP), released key findings on Thursday, from a sector-wide Retail and Food Services Productivity Benchmarking exercise held this year.
• Asian markets mostly fell today after another round of weak manufacturing data underlined the slowdown in China's economy while minutes from the US Federal Reserve's latest meeting gave few hints about its plans for interest rates.
• SINGAPORE'S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics Singapore said on Thursday.
• Global Logistic Properties co-founder and deputy chairman Jeffrey Schwartz dies, aged 55.
• The newly launched trading link between Shanghai and Hong Kong is a "positive catalyst" for the Singapore Exchange and could account for almost 9% of its FY2015 revenue, says Deutsche Bank.

Singapore Stock Market STI Review 17th Nov

Market Review for STI:
Share prices opened lower with the Straits Times Index down 4.82 points to 3,310.85.Asian markets mostly fell today with Tokyo tumbling almost two percent after data showed Japan's economy had slipped into recession, while Hong Kong and Shanghai were mixed on the first day of a landmark link-up between the two indexes. On a year-on-year basis, NODX declined by 1.5 per cent in October 2014, in contrast to the 0.9 per cent growth in the previous month, due to a decrease in both electronic and non-electronic NODX. On a y-o-y basis, NODX to all of the top 10 NODX markets, except Thailand, South Korea, Taiwan, Japan, the EU 28 and China, declined in October 2014. Trading Signals for tomorrow

STI Day Performance
Open	3310.53
High	3314.23
Low	3285.60
Close	3288.67
Change(Points)	-27.00
% Change	-0.81%
Volume	1210.1M
Rise	131
Fall	302
Unch	352

Market forecast for STI:
As Singapore stock market consist of stocks from other countries also the effect of dip in Japan’s economy will result in dipping down of STI.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3270	3260	3320	3330	3340

Technical Indicators:
RSI is at 54 and CCI is at 63.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JMH USD.SG	60	1.01	THAIBEV.SG	0.715	-5.92
CITYDEV.SG	9.59	0.84	OLAM INTL.SG	2.16	-4
WILMAR INTL.SG	3.17	0.63	SEMBCORP MARINE.SG	3.38	-2.31
KEPPEL CORP.SG	9.16	0.33	GOLDEN AGRI-RES.SG	0.455	-2.15
JARDINE C&C.SG	40.63	0.32	DBS.SG	19.3	-2.08

Important Factor for today:-

• STI are moving towards 3,350 which is a resistance. Current STI is at 3,315 points. The bull is tired but still on top. It is not time to be aggressive buyer and all long positions must be protected with stops.
• OFFSHORE marine services firm Pacific Radiance announced a joint venture had won a long-term charter contract worth over US$140 million (S$181 million).
• PROPERTY giant CapitaLand has entered into a 50-50 joint venture with a subsidiary of Indonesian real estate, auto and mining group Credo Group to develop an integrated development in Central Jakarta.
• NON-OIL domestic exports last month were a tad higher than in September but they dipped 1.5% from a year ago. And the outlook doesn't look good, with leading indicator - non-oil retained imports of intermediate goods - falling from the previous month.
• Linc Energy on Saturday afternoon reported net profit of A$106 million (S$120 million) from a A$40.9 million loss a year ago, for its first quarter ended Sept 30, 2014. This is primarily a result of the sale of the Carmichael Royalty Deed to the Adani Group.

SGX : STI Technical Review 13th Nov

Market Review for STI:
Share prices opened higher with the Straits Times Index up 4.63 points to 3,288.34. Straits Times Index inches up; eyes on China data: The Straits Times Index was slightly higher, aided by gains in SingTel, which reported stronger earnings this morning. Shares ended higher with the Straits Times Index gaining 21.22 points to 3,304.93.  Get Trading Signals FREE

FBMKLCI WEEK’s Performance
Open	3288.34
High	3313.89
Low	3285.08
Close	3304.93
Change(Points)	+21.22
% Change	+0.65%
Volume	1484.8M
Rise	204
Fall	178
Unch	403

Market forecast for STI:
After a sharp bullish move today we may expect STI to move to higher levels.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3270	3260	3310	3320	3330

Technical Indicators:
RSI is 60 at and CCI is at 85.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
NOBLE.SG	1.25	4.17	COMFORTDELGRO.SG	2.61	-3.33
SEMBCORP IND.SG	4.65	2.42	ST ENGINEERING.SG	3.53	-2.22
DBS.SG	19.65	1.6	THAIBEV.SG	0.745	-1.32
CAPITAMALL TRUST.SG	1.97	1.55	GOLDEN AGRI-RES.SG	0.505	-0.98
SGX.SG	7.1	1.43	HPH TRUST USD.SG	0.68	-0.73

Important Factor for today:-

• Pacific Radiance's 3Q2014 earnings up 24% on vessel sales,even as revenue declined on lower contributions from its subsea business.
  
• Tritech Group stayed in the black in 3Q2014 despite more intense competition and higher operating expenses – thanks to a one-time investment gain.
  
• KrisEnergy reported 3Q losses widened to US$10 million from US$3.5 million a year ago as a result of lower oil and gas prices.Revenue for 3Q2014 was US$18.2 million, a 33.4% increase from US$13.6 million in 3Q2013, thanks to higher sales of crude oil and gas at US$13.2 million and US$4.9 million respectively.
  
• MAINBOARD-LISTED pawnbroker ValueMax Group saw its net profit attributable to shareholders fall 43.9 per cent year on year to S$1.69 million for the third quarter ended Sept 30, 2014.
  
• ComfortDelGro posted a 5.3% rise in 3Q earnings of $80.8 million from $76.7 million a year ago on the back higher revenues. Earnings per share came in at 3.78 cents for the quarter.

Singapore Stock Updates & STI Technical Analysis 10th Nov

Market Review for STI:
Share prices opened higher with the Straits Times Index up 20.17 points to 3,306.56. Asian markets were mixed with Japanese shares succumbing to profit-taking while Hong Kong and Shanghai rallied after a launch date was announced for a trading link between their stock exchanges. High for the day was marked at 3312.68 and low was marked at 3301.42. FREE TRIAL

FBMKLCI WEEK’s Performance
Open	3306.56
High	3312.68
Low	3301.42
Close	3303.53
Change (Points)	+17.14
% Change	+0.52%
Volume	1266.1M
Rise	180
Fall	189
Unch	415

Market forecast for STI:
The prices had a pullback in later session today and we may expect this kind of uncertainty for the next trading day. The opening price will decide the moment of the market.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3290	3280	3270	3320	3330	3340

Technical Indicators:
RSI is 62 at and CCI is at 134.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
NOBLE.SG	1.25	4.17	COMFORTDELGRO.SG	2.61	-3.33
SEMBCORP IND.SG	4.65	2.42	ST ENGINEERING.SG	3.53	-2.22
DBS.SG	19.65	1.6	THAIBEV.SG	0.745	-1.32
CAPITAMALL TRUST.SG	1.97	1.55	GOLDEN AGRI-RES.SG	0.505	-0.98
SGX.SG	7.1	1.43	HPH TRUST USD.SG	0.68	-0.73

Important Factor for today:-

• Singapore shares are notably higher, drawing strength from solid gains in Hong Kong, after regulators said a highly anticipated trading link between the special administrative region and Shanghai will start operation next Monday.
• The board of directors of the Singapore Exchange has set up a four-member committee to oversee investigations into the power failure that shut down the securities and derivatives markets for hours on Wednesday.
• Sentiment in the Singapore market may be guarded amid growing expectations that the Federal Reserve would raise interest rates next year as the US economy continues to show signs of improvement. The latest indicator is the US unemployment rate, which sank to a six-year low of 5.8% in October as employers added more jobs.
• Loyz Energy, the upstream energy group, reported earnings of US$0.5 million ($0.6 million) for the 1Q15 ended Sept, compared to a loss of US$1.6 million a year ago.
• Swiber Holdings has entered into a sale and purchase agreement to sell its entire stakeholdings in Newcruz International Pte. Ltd. (NIPL) for US$18.59 million ($24 million) and PTSB Holdings for US$17.5 million to its subsidiary Vallianz Holdings.
• In Singapore, the Code of Professional Conduct and Ethics for public accountants and accounting entities will be strengthened further from Feb 1 next year.
• SUPER Group reported a 47 per cent slide year on year in net profit to S$9.98 million for the third quarter ended Sept 30 as revenue and margins declined.

Singapore Stock Market Weekly Outlook

Market Review for STI:
STI opened at 3286.57 for the week which was up from the previous week’s closing at 3274.25. The local bourse saw average daily value traded in securities fall 8 per cent in October from the previous month while on a year-on-year basis; it dipped 7 per cent. A major power failure caused a suspension of trading in stocks and derivatives on the Singapore Exchange (SGX) for several hours on Wednesday. Asian markets were mixed Thursday following a record close on Wall Street, while the dollar pushed towards 115 yen for the first time in seven years, after Republicans took control of the US Congress. STI closed at 3286.39 and high for the week was marked at 3302.34. FREE TRIAL

STRAIT TIMES WEEKLY WRAP
Open	3286.57
High	3302.34
Low	3273.68
Close	3286.39
Change (Points)	+12.14
% Change	+0.36%

Market forecast for STI:
The minor trend for the week was up and also the prices end higher than the previous week and we may expect that the uptrend will continue till the level of 3330. For the next week the STI is expected to move lower as bearish star formation is seen on week’s closing candlestick.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3233	3184	3150	3329	3357	3400

Technical Indicators:
RSI is indicating bullishness and is at 58.67 and is at and CCI is at 123.46.Both the indicators are showing bullishness towards the prices. MACD is indicating at 7.71.  

Sector Allocation Chart

Sector	Volume	Values($)	Rises	Falls	Unchanged
Properties	164,482,000	289,532,938	23	28	30
Multi-Industry	22,704,000	98,124,252	4	7	7
Construction	119,539,333	10,761,076	8	13	21
Commerce	159,085,000	62,969,768	21	27	51
Hotels/Restaurants	1,777,000	1,080,610	2	6
Transport/Storage/Communications	98,176,330	117,984,845	10	17	22
Finance	20,945,800	227,729,004	17	12	17
Manufacturing	334,628,050	115,780,750	48	55	153
Services	240,990,460	89,669,848	34	40	80
Agriculture	19,462,000	10,201,856	4	1	4
Mining	12,689,000	3,593,456	3	6	3
Electricity/Gas/Water	1,333,000	700,130	1	1	0
Shares in Foreign Currencies	17,787,170	47,510,039	11	25	115
Total	1,213,599,143	1,075,638,572	186	238	512

Important Factor for today:-

• The Republic is poised to tap a myriad of opportunities arising from greater integration among capital markets in Asia, where strong economic growth and an expanding middle class are driving demand for financial services, said the Monetary Authority of Singapore's (MAS) deputy managing director Jacqueline Loh.
• Singapore landlords are tapping the fourth-lowest local borrowing costs in Asia to fund record overseas purchases of hotels, office blocks and luxury apartments as property prices fall at home.
• The first Asia Pacific Green Bond is listed on SGX.There were 56 new bond listings in October bringing the total number of bonds listed year to date to 446 with total proceeds of S$182 billion.
• According to a report by SGX, this is a 17% increase relative to the number of bonds listed in September. It also represents a 21% increase compared to 369 bonds listed and 15% increase compared to S$160 billion raised in same period last year.
• Chip Eng Seng Corporation on Monday said it has won a S$232.8 million contract through its wholly owned subsidiary. The contract was awarded by the Housing & Development Board for the construction of nine blocks of residential buildings and other community facilities. The construction period is about 42 months.