OCBC Bank (O39) - 28 Oct 2016

OCBC Q3 earnings up 5%, beating forecasts, but asset quality remains stressed.

http://www.straitstimes.com/business/banking/ocbc-q3-net-profit-up-5-beating-forecasts-on-wealth-management-insurance

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.

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

http://www.straitstimes.com/business/companies-markets/weak-oil-and-gas-sector-hits-sembcorps-q3-profits

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.

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.

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.

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.

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.

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.

Jumbo (42R) - 29 Sep 2016

Maybank Kim Eng downgrade Sheng Siong from BUY to HOLD with just 5% upside to SGD1.13 TP, and upgrade Jumbo from HOLD to BUY with 40% upside to the revised TP of SGD0.78. In the seasonally stronger 4Q, stocks that do better such as Jumbo should outperform defensive stocks such as Sheng Siong, which typically see weaker sales. On top of that, valuations favour Jumbo and positive catalysts await it as well. But Sheng Siong could face neutral to negative developments.

Technically, on 26 Sep 2016, Jumbo exhibits a hammer and the price closed at $0.565 support.  http://www.investopedia.com/terms/h/hammer.asp

This was followed by a price gain of $0.025 the next day with big volume the next trading day.

Today, Jumbo exhibits a doji with immediate resistance at $0.605. The next resistance will be the 50 day-Moving Average of $0.620.
http://www.investopedia.com/terms/d/doji.asp

Straits Times Index (STI) - The Week Ahead

Down Jones on 09 Sep 2016 closed 394.46 points lower on 09 Sep 2016 and shares in Europe and Asia dropped the most since the aftermath of the U,K. Brexit vote in June after Fed Bank of Boston President Eric Rosengren said the economy could overheat.

Singapore market is closed today for Hari Raya Haji holiday. The Straits Times Index (STI) is likely to fall about 2% tomorrow when it opens.

In my point of view, markets have recovered very quickly after the Brexit vote and finding an excuse to sell off. It will be good opportunity to buy blue chips shares when the sell-off is done.

The important support for STI will be the 200-day Moving Average at about 2,800 points. If it breaks the 200-day MA, the next support will be at 2,770 and 2,720.

SingTel (Z74), StarHub (CC3) and M1 (B2F)

Telco shares fell on 02 Sep 2016 amid bids for 4th player.
http://www.straitstimes.com/business/companies-markets/telco-shares-fall-amid-bids-for-4th-player

This could be a buying opportunity as SingTel, StarHub and M1 shares are defensive. They provide yield between 4.4% to 6.1%.
Should the bids for 4th telco are not successful, these stocks should stage a rebound.

Here are the technical analysis for the stocks.

SingTel (Z74) Technical Resistance: $3.89 and $3.97
SingTel (Z74) Technical Support : $3.84 and $3.75

StarHub (CC3) Technical Resistance: $3.51 and $3.55
StarHub (CC3) Technical Support: $3.47 and $3.43

M1 (B2F) Technical Resistance: $2.52 and $2.55.
M1 (B2F) Technical Support: $2.49 and $2.46.