Singapore SGX : STI Daily Technical Outlook 07 Aug

Market Review for STI:
Share prices opened lower with the Straits Times Index down 6.27 points to 3,316.35. South Korean stocks eased and the won was little changed on Thursday as most investors stayed on the sidelines ahead of key central bank policy meetings in the European Union, UK and Japan. The close for the day was observed at 3314.22, formed a red doji for the day.

STI Day Performance
Open	3316.35
High	3319.57
Low	3304.57
Close	3314.22
Change(Points)	-6.010
% Change	-0.18
Volume	1711.4M
Rise	157
Fall	249
Unch	703

Market forecast for STI:
STI was down today formed a red doji which shows indecision. We may expect bullishness if it takes proper support on level of 3300.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3280	3260	3250	3340	3350	3360

Technical indicators:
RSI is at 49.99 and CCI is at -26.12.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Global Logistic	2.74	1.11	Jardine C&C	44.97	-2.15
CapitaMall Trust	1.975	1.02	HPH Trust USD	0.685	-1.44
CityDev	10.12	0.9	Noble	1.37	-1.44
Ascendas Reit	2.31	0.87	Sembcorp Ind	5.34	-1.29
ThaiBev	0.635	0.79	DBS	18.14	-1.25

Important Factor for today:-

• HDB resale prices dropped for the sixth consecutive month in July, data compiled by the Singapore Real Estate Exchange (SRX) shows.
• Vallianz Holdings, the provider of offshore support vessels and integrated marine solutions to the oil and gas industry, today reported a doubling of net profit to US$5.8 million for the second quarter ended 30 June 2014 (2Q2014) from US$2.8 million in 2Q2013.
• TEE International, the engineering and real estate group, said it won a total of $60 million worth of contracts to carry out mechanical and electrical works for the The Parisian Macao, located at the Cotai Strip in Macau.
• Singapore Airlines Ltd.’s budget carrier Scoot doesn’t want to use the city’s new airport terminal and regards the $1.28 billion facility as a “folly”.

SGX Singapore; STI Technical Outlook 06 Aug

Market Review for STI:
Share prices opened lower today with the Straits Times Index down 6.32 points to 3,322.58. Asian stocks dropped, following a sharp fall on Wall Street over fears of a market correction and concerns the conflict in Ukraine could escalate. The open was marked at 3322.58 and the close was marked at 3320.23.

STI Day Performance
Open	3322.58
High	3323.01
Low	3313.92
Close	3320.23
Change(Points)	-7.44
% Change	-0.22%
Volume	1442.0M
Rise	129
Fall	289
Unch	691

Market forecast for STI:
Due to the Ukraine crises the prices are still dropping down .We may expect bullishness only if the market moves out from the cause of the crises.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3260	3340	3350	3360

Technical indicators:RSI is at 51.60 ,CCI is at -2.26 .The prices are still above the 20 & 50 days EMA.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
Olam Intl	2.44	1.67	Global Logistic	2.71	-2.87
OCBC Bank	10.1	1.41	ComfortDelGro	2.59	-2.26
SIA Engineering	4.6	1.1	CapitaLand	3.37	-2.04
SPH	4.18	0.97	Jardine C&C	45.96	-1.44
Golden Agri-Res	0.535	0.94	CityDev	10.03	-1.18

Important Factor for today:-

• SINGAPORE’S life insurance industry managed to sustain its growth for the first six months of this year.
• Yangzijiang Shipbuilding reported a 52 per cent jump in net profit for the second quarter ended June 30 to 1.24 billion yuan, despite a 3 per cent drop in revenue to 4.27 billion yuan after delivering fewer vessels during the period.
• SINGAPORE Post Limited said its net profit for the fiscal first quarter ended June 30, 2014 rose 5.1 per cent to S$39.24 million. Revenue increased 4.8 per cent to S$210.91 million, as growth in e-commerce related activities continued to offset declines in the traditional postal business
• STAR HUB has posted a 6.3 per cent decrease in net profit to S$94.3 million for the second quarter ended June 30.
• HG Metal Manufacturing recorded a net loss after tax of $13.3 million in the quarter ended 30 June 2014 (2Q2014), compared to a profit of $0.7 million in 2Q2013 due to one-time provisions for inventories, doubtful debts and asset impairment on disposal of factory assets.

Bursa Malaysia : KLCI Outlook 05 Aug

Market Review for KLCI:
Share prices opened lower today with KLCI down 2.61 to 1872.55. The situation in the US is not really confirmed. The IMF lowering its growth forecast as well as indication that interest rate hikes will be deferred to 2015 is not positive news. The close was observed at 1876.69 .The prices are below 20 days EMA and little above the 50 days EMA.

KLCI Day Performance
Open	1872.55
High	1876.69
Low	1872.14
Close	1876.69
Change(Points)	+0.89
% Change	+0.05
Volume	1625.8M
Rise	238
Fall	178
Unch	693

Market forecast for KLCI:
KLCI took a good pace at the start of the week and still moving at highs, seems it rose from the support of 1862 and also expected to move at the same pace.

KLCI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
1870	1865	1860	1880	1885	1890

Technical indicators:RSI is below the centre line at 49.17 and CCI is at -40.73.MACD indicating the level of -0.850.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
PETDAG	19.84	4.64	PETGAS	22.4	-3.03
AMBANK	7.17	3.02	ASTRO	3.31	-1.19
MISC	6.62	2.96	SIME	9.56	0.11
DIGI	5.85	2.45	RHBCAP	9.06	0.22
GENM	4.36	2.11	PBBANK	19.82	0.41

Economic Factors:

• The Malaysian equities market recorded a whopping RM13bil in net outflows of foreign portfolio funds over a 15-month period, and industry experts remain divided as to whether this negative trend will continue.
• Malaysian banks with Indonesian subsidiaries could face more hurdles in expanding their businesses when a law to cap foreign ownership to 40% likely comes on stream between now and October.
• United Plantations fell 28 sen to RM28.30 and PPB Group fell 26 sen to RM14.74 while KKL Kepong was down 20 sen to RM23.52.
• Gamuda has proposed to acquire the entire equity interest in Salak Land Sdn Bhd, which is owned by the Tan family of Mahajaya Bhd fame.

SGX Singapore : STI Technical Outlook 05 Aug

Market Review for STI:
Share prices opened higher today with the STI up 9.16 points to 3,326.91. Hong Kong stocks rose 0.32 per cent today morning, after a positive lead from Wall Street and in anticipation of the release of HSBC's July index of manufacturing activity in China. Close of the day was marked at 3327.05 .The high was marked at 3332.68, seems that the market tried to recover the last two days downfall.

STI Day Performance
Open	3326.91
High	3332.68
Low	3319.83
Close	3327.05
Change(Points)	+8.65
% Change	+0.26
Volume	1472.0M
Rise	240
Fall	182
Unch	687

Market forecast for STI:
As the market took a bearish start this week and today found out to be little bullish, we may consider it as the change in trend .STI formed a green doji for the day which indicates indecision. In such case, the next day candle will give the conformation.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3300	3280	3260	3340	3350	3360

Technical indicators:RSI is at 53.99 and CCI is at 22.40.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
ComfortDelGro	2.65	2.71	Sembcorp Marine	4.03	-1.71
ThaiBev	0.63	1.61	SIA Engineering	4.55	-1.3
StarHub	4.23	1.44	Olam Intl	2.4	-1.24
SingTel	3.92	1.29	CityDev	10.15	-1.17
CapitaLand	3.44	1.18	HongkongLand USD	6.87	-0.87

Important Factor for today:-

• CapitaLand, second-quarter profit rose 14% on higher gains from investment properties.Net income increased to $438.7 million in the three months ended June 30 from $383.3 million a year earlier.
• Ezra Holdings, the contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that its Subsea Services division, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options.
• Oversea-Chinese Banking Corp, Southeast Asia’s second-largest lender, posted a larger-than-estimated 54% increase in second-quarter profit on loan growth and higher income from fee-generating businesses.

SGX Outlook: STI Technical Review 04 Aug

Market Review for STI:
SINGAPORE share prices opened lower with the STI down 5.17 points to 3,339.85. The impact of US data which came negative still continues over the prices of STI .Close of the day was observed at 3314.63 and the high for the day was observed at 3341.12.The prices are above the 50 days EMA and below the 20 days EMA.

STI Day Performance
Open	3339.85
High	3341.12
Low	3313.91
Close	3314.63
Change(Points)	-29.79
% Change	-0.89%
Volume	1790.6M
Rise	90
Fall	381
Unch	636

Market forecast for STI:
Technically, the prices are in downtrend and may take the support on 3306 and can move up .We may expect the uptrend only after the level of 3320 .Indicators are also showing a bearish trend.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3306	3280	3260	3330	3350	3380

Technical indicators:
RSI is at 50.211 and CCI is at 18.86 .MACD indicating the level of 17.54.

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
JSH 500 USD	35.94	1.1	SingTel	3.86	-3.74
ThaiBev	0.62	0.81	HPH Trust USD	0.695	-2.8
ComfortDelGro	2.58	0.78	StarHub	4.16	-1.42
JMH 400 USD	59.46	0.71	SIA Engineering	4.61	-1.28
ST Engineering	3.8	0.26	UOB	22.9	-1.21

Important Factor for today:-

• Asian shares, as concerns over geopolitical tensions and Argentina's debt default eclipsed US economic data that argued against an earlier start to the Federal Reserve's rate-tightening cycle.
• Fitch’s Rating says, the decision by the Monetary Authority of Singapore (MAS) to launch a commission-free life insurance sales programme is credit positive for the Singapore life insurance sector.
• GIC believes emerging markets now offer better value than developed ones and is particularly interested in exploring increasing investments in their technology sectors.
• Singapore will introduce a minimum price for main board shares and reduce the lot size for transactions after a slump in the stocks of three commodity companies erased US$6.9 billion ($8.6 billion) in market value over three days in October.
• Singapore will implement wide-scale reforms to its equity market rules following a penny-stock scandal last year, its central bank and stock exchange announced on Friday.