DBS Q3 net profit at S$1.071b, buys ANZ's wealth, retail units in 5 Asian countries.
DBS weekly chart show that the current support is at $14.89 and $14.53.
Technical resistance is at $15.11 and next level is at $15.29.
Monday, 31 October 2016
Sunday, 30 October 2016
UOB (U11) - 28 Oct 2016
UOB’s 3Q earnings fall 7.8% to $791 mil on absence of one-off gain, higher allowances.
UOB weekly technical charts shows trading range between $18.15 and about $19.00 for the past 8 weeks.
The current resistance is at $18.93 and support at $18.60.
OCBC Bank (O39) - 28 Oct 2016
OCBC Q3 earnings up 5%, beating forecasts, but asset quality remains stressed.
From the weekly technical chart, OCBC is trading between about $8.38 to $8.70 range.
Current support is at $8.40 and next support at $8.30
Technical resistance is at $8.48 and $8.56.
Thursday, 27 October 2016
Sembcorp Ind (U96) - 27 Oct 2016
Sembcorp Q3 profit falls 56% as all divisions but utilities turn red.
Marine, offshore engineering businesses hit; but utilities division posts 21% profit gain
From the weekly chart, Sembcorp Ind is on a weekly down-trend. A breakout from this line will signal a reversal in trend.
Price support is at $2.45 and next support is at $2.39.
The price resistance is at and $2.54 and next level of resistance is at $2.62.
Tuesday, 25 October 2016
Sembcorp Marine (S51) - 25 Oct 2016
Sembcorp Marine sank into a 3Q16 net loss of $21.8m from $32.1m profit in 3Q15.
http://www.businesstimes.com.sg/companies-markets/sembmarine-plunges-into-the-red-for-q3
The technical support for Sembcorp Marine is at $1.290 and $1.265.
Technical resistance is at $1.305 and $1.325.
Thursday, 20 October 2016
Keppel Corp (BN4) - 20 Oct 2016
Keppel Corp Q3 gains down 38%, plans more layoffs at O&M unit.
http://www.businesstimes.com.sg/companies-markets/keppel-corp-q3-gains-down-38-plans-more-layoffs-at-om-unit
The weekly technical chart of Keppel Corp shares shows it is trading between $5.15 and $5.53 since late May till today.
Unless it is able to break the resistance with high volume, the share will trade in this range for awhile.
Tuesday, 18 October 2016
M1 (B2F) - 18 Oct 2016
M1's 3Q earnings fall 23.4% to $34.4 million on lower operating revenue.
http://www.theedgemarkets.com.sg/sg/article/m1%E2%80%99s-3q-earnings-fall-234-344-mil-lower-operating-revenue
The technical chart of M1 shows that it is on a down-trend since 18 Aug 2016.
The technical support based on current price is at $2.18 and a strong support is at about $2.10.
The price resistance is at $2.26 and $2.33.
Saturday, 15 October 2016
Straits Times Index (STI) - The Week Ahead 17 to 21 Oct 2016
Corporate earnings, economic reports and Fed speakers could all challenge markets in the week ahead, but traders will be on guard for the latest catalyst — the potential bombshells coming from the presidential election.
http://www.cnbc.com/2016/10/14/take-your-pick-theres-a-lot-that-could-spin-markets-in-week-ahead.html
The STI weekly chart shows that the current support is at about 2800 points and next support is at 2720 points.
The resistance is at 2835 and 2860 points.
Sunday, 9 October 2016
Hyflux (600) - 07 Oct 2016
PUB is expected to unveil the winner of a $400-500m tender for the construction of Singapore's fourth desalination plant. The six contenders are SGX-listed Hyflux, United Engineers, Sembcorp Industries and Keppel Corp, as well as China-linked MCC Land and Spain's Tedagua.
http://asia.nikkei.com/Business/Companies/Singapore-looks-to-build-fourth-desalination-plant
Technically, Hyflux has bottomed from the support at $0.470 with high volume for the past two trading sessions.
From the chart, it seems to have more upside opportunity than downside.
Current technical resistance is at $0.500 and next resistance at $0.510. The major resistance is at $0.520.
Technical support is at $0.495 and $0.485.
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