Month-End Window-Dressing - 31 May 2016

Today's month-end window-dressing started strong but the STI Index ended losing 5.69 points.

http://www.businesstimes.com.sg/stocks/singapore-shares-close-weaker-as-early-window-dressing-momentum-fades

If you can see from the market depth for DBS Bank which I took a snap shot after the matching was done at 8:58 am before the market started at 9:00 am, there was lack of buyers and this shows that it was likely the fund managers matched DBS Bank at $15.80 during the open with a gap of $0.10 to the next bid price at $15.70.

So one strategy is to sell stocks like this at the open and buy them back later when the price is lower.

Noble (N21) - 30 May 2016

Another bad news hits Noble shares this month. Noble CEO resigns; Noble to sell US energy marketing subsidiary. http://www.businesstimes.com.sg/companies-markets/noble-ceo-resigns-noble-to-sell-us-energy-marketing-subsidiary

Technically, Noble was trading in a range between $0.300 and $0.325 for the past eight trading sessions after the steep down-trend. However, today's news sends Noble breaking the $0.30 support and closed lower at $0.280 with high volume.

The current support is at $0.265 and resistance at $0.300. The Fibonacci retracement levels are shown in the chart above. 

Genting Sing (G13) - 16 May 2016

Genting Singapore's net profits crash 83% to $10.8m in Q1.
http://sbr.com.sg/leisure-entertainment/news/genting-singapore%E2%80%99s-net-profits-crash-83-108m-in-q1

The current price support is at $0.755 and $0.745.

The price resistance is at $0.77 and $$0.78.

Today's candlestick shows a hammer. It means that there were buyers when the price moved to intra-day's low of $0.74.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_dictionary#hammer 

STI Index (Weekly) - 13 May 2016

The STI Index weekly chart shows that the down-trend is still prevailing and it closed for the week below the 20-week Moving Average.

The current support is at 2720 and the next support is at about 2680.

The current resistance is at about 2770 and next resistance is at 2830.

Noble (N21) - 09 May 2016

Noble Group Ltd. plunged the most in more than four years after Fitch Ratings Ltd. placed the company’s debt ratings on negative watch according to Bloomberg. http://www.bloomberg.com/news/articles/2016-05-09/noble-group-tumbles-as-fitch-places-ratings-on-negative-watch

According to SGX filing, Franklin Resources, Inc. sold 9,17,900 Noble shares at average price of $0.4219 on 05 May 2016 and reduced its holdings to 5.94%

Technically, Noble down-trend should continue with support at $0.325 and $0.305 after breaking its 100-day Moving Average with high volume today.

DBS (D05) - 03 May 2016

DBS Q1 profit up 6% on higher interest margins.
http://www.channelnewsasia.com/news/business/singapore/dbs-q1-profit-up-6-on/2751040.html

Technically, even though DBS was up 0.5% while the STI drops 1.0% on 03 May 2016 due to better Q1 results, it looks like DBS is on a short time down-trend unless the down-trend channel is broken.
The current resistance is at $15.47 (20-day Moving Average) and the support is at $15.13 (50-day MA) and the next resistance is about $14.98.

Do take note that DBS will go Ex-Dividend on 05 May 2016. The amount is $0.30 per share.

OCBC Bank (O39) - 29 April 2016

OCBC Q1 profit down 14% on lower insurance income and higher allowances.
http://www.channelnewsasia.com/news/singapore/ocbc-q1-profit-down-14-on/2741752.html

Technically, there seems to be selling before the results are out and it closed below the 50-day Moving Average today at $8.77.
The current support level is at about $8.67 and the next support is at $8.50 (100-day MA).

UOB (U11) - 28 April 2016

UOB is the first among the three local banks to announce their Q1 results.  http://www.channelnewsasia.com/news/singapore/uob-q1-profit-down-4-4/2738886.html

Technically it looks downtrend with support at $18.75 and $8.58 (50-day Moving Average). A good support will be at $18.35. The resistance is currently at $19.16 (20-day MA).

Straits Times Index - 27 April 2016

The Straits Times Index (STI) closed below the 200-day Moving Average (MA) at 2874.72 but above the 20-day MA on 27April 2016. It is still above the up-trend line.

Technically, if the up-trend line is broken, the next support will likely be at about 2,818 points.

If it trades above the up-trend line, the resistance will be at 200-day MA at 2890 and 2930.

Asian Pay Tv Trust (S7OU) - 21 April 2016

Technically, Asian Pay Tv Trust (S7OU) listed on the SGX seems to be bottoming up. The recent low was $0.560 and it closed at day high of $0.610 on 21 April 2016. If the resistance of $0.610 is broken, there should be more upside to about $0.635. If $0.610 resistance is not broken, the support will be at $0.60 and $0.590.

Dividend yield projected for this year is 6.5% to 7.0%. Macquarie Singapore has divested APTT to Dynami Vision that is controlled by Lu Fang-Ming. http://www.btinvest.com.sg/markets/news/128173.html?source=si_news
Lu Fang-Ming is the Chief Executive Officer and Director of Hon Hai Precision Co., Ltd also known as Foxconn Technology Group. http://www.bloomberg.com/research/stocks/people/person.asp?personId=27865056&privcapId=883723
Foxconn is the world's largest electronic contractor manufacturer.

It will be interesting how he can contribute to Asian Pay Tv Trust when the takeover is completed.