Swiber (BGK) - Lessons from Swiber

Swiber has placed itself into judicial management instead of liquidation. http://www.businesstimes.com.sg/companies-markets/swiber-withdraws-liquidation-move

What are the warning signs to look out for?
http://www.straitstimes.com/business/companies-markets/swibers-woes-warning-signs-were-there-for-some-time

On 8 July 2016, Swiber announced that the Group has outstanding letters of demand for an aggregate amount of US$4.76 million. It also announced that completion of its US$710 million offshore field project in West Africa will be delayed owing to "weakness in the oil and gas sector".

On 11 July 2016, London-based private equity firm AMTC did not subscribe to US$200 million preference shares in its wholly owned unit Swiber Investment.

On 25 July 2016, responding to queries from SGX, Swiber says it faces US$15.2 million in total for outstanding letters of demand.

Technically, the spike in trading volume from 11 July 2016 following by a steep-down trend in the share prices showed that someone is offloading the shares.

My 5 Important Trading Rules:
1. The trend is your friend
2. Do not let profits turn into losses
3. Let profits develop and cut losses short
4. Set a stop loss on each and every trade
5. Trade when technical and fundamentals agree

SIA (C6L) - 29 July 2016

Singapore Air warns of tougher days after 181% profit jump.
http://www.todayonline.com/singapore/singapore-air-warns-tougher-days-after-181-profit-jump

The stock broke the up-trend line after the financial result announcement as passenger yields declined to their lowest in more than six years in he first quarter.

Technically, the support for SIA is $10.89 and the next support is at $10.76.

It closed below the 100-day and 200-day Moving Average with high volume. Immediate resistance is at $11.04 and $11.13. The $11.20 resistance will be a strong resistance as it fails to break it for four trading days before the result announcement.

Currently there is a limited price upside for SIA. 

SIA (C6L) - 29 July 2016

Singapore Air warns of tougher days after 181% profit jump.
http://www.todayonline.com/singapore/singapore-air-warns-tougher-days-after-181-profit-jump

The stock broke the up-trend line after the financial result announcement as passenger yields declined to their lowest in more tan six years in he first quarter.

Technically, the support for SIA is $10.89 and the next support is at $10.76.

It closed below the 100-day and 200-day Moving Average with high volume. Immediate resistance is at $11.04 and $11.13. The $11.20 resistance will be a strong resistance as it fails to break it before the result announcement.

Currently there is a limited price upside for SIA. 

UOB (U11) - 28 July 2016

UOB Q2 profit rises 5.1% to S$801 million. http://www.businesstimes.com.sg/companies-markets/uob-q2-profit-rises-51-to-s801m-bank-to-pay-out-s035-per-share

Technically on the weekly chart, the resistance is at $18.80 and $19.17.

The support can be seen at $18.51 and $18.31.

OCBC Bank (O39) - 28 July 2016

OCBC's Q2 net profit down 15% from a year ago. http://www.businesstimes.com.sg/companies-markets/ocbcs-q2-net-profit-down-15-without-geh-stake-sale-a-year-ago

Technically, the current price support is at $8.42 and the next support is at $8.24.

Resistance is currently at $8.56 and $8.66.

Updated on 08 Aug 2016

QT Vascular (5I0) - 25 July 2016

Loss-making QT Vascular say US appeals court overturns US$20 million payment to AngioScore 
http://www.businesstimes.com.sg/companies-markets/qt-vascular-says-us-appeals-court-overturns-us20m-payment-to-angioscore

Stock price spiked up with high volume today but failed to break the $0.098 resistance. It closed below the 100-day Moving Average. 

Current support is at $0.09 and $0.088 which seems to be a better entry price for trading.

In my opinion, this is a trading stock and not for investment.

Wilmar Intl (F34) - 20 July 2016

Wilmar expects to report a net loss of approximate US$230 million for 2Q16. http://www.businesstimes.com.sg/companies-markets/wilmar-warns-of-q2-loss


Technically, Wilmar gapped down today and opened below the 200-day Moving Average of 3.13. This has become the major resistance. The next resistance is about $3.18.


The current support is at about $3.08 and $3.00.

SMRT (S53) - 15 July 2016

Land Transport Authority (LTA) to buy S$1 billion of SMRT assets under new rail financing framework. http://www.straitstimes.com/singapore/transport/new-rail-financing-framework-9-things-to-know-about-agreement-between-smrt-and?xtor=EREC-16-2[ST_Newsletter_PM]-20160715-[New+rail+financing+framework%3A+9+things+to+know+about+agreement+between+SMRT+and+Govt]&xts=538291

SMRT is currently trading at 24.1x forward P/E. Pre-announcement, the street has 4 Buy, 5 Hold, and 4 Sell calls on the counter with consensus TP of $1.63.

SMRT will be reporting results on 28 Jul with management expected to shed more light on how the rail reform will affect its future performance and outlook. http://bit.ly/ketrade-smrt-20160715

SMRT shares were halted on 15 July 2016. Ex-Dividend of S$0.025 per share is on 18 July 2016.

The technical resistance is at $1.550 and the next resistance is at 1.570.

The price support is at $1.525 and $1.485.

Evolent Health Inc (NYSE:EVH) - 13 July 2016

Evolent Health Inc closed 19.65% higher today due to the acquisition of Chicago competitor for about US$145 million. http://www.bizjournals.com/washington/news/2016/07/13/evolent-health-to-acquire-chicago-competitor-for.html

My first initial coverage on this stock was on 01 June 2016 when it was at $15.75. This is a whopping 41.9% profit if the position was closed at $22.35.

Technically this stock builds a base before the next move up and consistently on the up-trend.

As the saying goes, the trend is your friend.

Yoma Strategic (Z59) - 13 July 2016

CLSA has reiterate a Buy call for Yoma Strategic this morning.

Yoma has announced an agreement to rope in Mitsubishi Corp/Mitsubishi Estate, IFC and ADB as equity stakeholders in Landmark Development.

Tecnically, Yoma Strategic traded with high volume yesterday and there should be some upward momentum. 

Resistant levels are at $0.610 and $0.620. Breaking these levels with good volume, stock price should move towards $0.725 level.

Current support is at $0.590 and next support is at $0.570.

Parkson Retail (O9E) - 12 July 2016

This is a 4-hourly chart of Parkson Retail. The volume and price spiked up in the afternoon without any news.

Technically, it will likely to continue the upward momentum. The next resistance is at $0.183 and $0.191.

Current technical support is at about $0.166.

In my opinion, this stock is more for trading than investing.

Ho Bee Land (H13) - 07 July 2016

This is a weekly chart of Ho Bee Land (H13). There is no news or reports about this counter.

However, technically in looks rather interesting.

It is on a weekly down-trend but the weekly trading volume is also declining. There could be a possibility that the bottom is near. 

The current technical support is at $2.06 and the next support is at about $2.00.

The resistance is at $2.14 and $2.17.

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