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I think v.good opportunity.
eplepl ( Date: 24-Jun-2011 12:38) Posted:
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can keep collecting it ?
lowchia ( Date: 22-Jun-2011 23:12) Posted:
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Breaking out $1.91 may see it testing $1.95 then $2.00
| 14:44:29 | 1.890 | 3,001,000 | A |
| 14:32:01 | 1.890 | 4,252,000 | A |
lowchia ( Date: 22-Jun-2011 23:12) Posted:
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| Warrants Highlight |
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On Wednesday, Genting SP re-test the resistance at $1.91 and closed at $1.87 with LOW volume of 65.41 million shares traded.
A black candle stick with long upper/lower shadow affirms that traders took profit as the prices reach the critical resistance at $1.91.
RSI & MACD are turning bullish as MACD lines began to converse together.
Immediate Resistance of Genting SP: $1.91
Immediate Support of Genting: $1.84
Currently prices are well below 20/50/100/200 days MA.
It seems that.................. READ MORE
| CIMB Squawk Box... |
| What's for grabs |
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The STI has been in correction mode since April, shedding 61.4pts (-2.0%) to the current 3059.0 level. From a technical perspective, yesterday's strong rebound, undermined by the optimism to solve Greece's debt woes, managed to turn sentiment around and fill up the 3,040-3,054 gap. The upmove is positive as trading volume has also improved, suggesting that buying momentum may be sustainable. The next level of resistance is at 3,078 and if the index can overcome it, the benchmark could be heading towards 3,180 next. Longer term, if the 2,919 low is not breached, then it is possible that prices could retest the old high of 3,313 in the coming weeks if not months. We list the top 10 biggest index-linked decliners, which could see stronger rebound if positive technical movement continues. Amongst our OUTPERFORM calls, we have CapitaLand, Fraser and Neave, Genting Singapore, ST Engineering, and Comfort Delgro. Amongst the list of recommended stocks above, we like CapLand in particular due to its attractive fundamentals and technicals. Capland is currently oversold. It has been de-rated to a level where valuations look compelling. Trading at a hefty 42% discount to RNAV and 0.8x P/BV, we believe that concerns over Chinese residential has been built in. In addition, even if residential prices continue to fall, the impact will not be as several as implied by its current valuations. With diversification, only 13% of its GAV comes from China residential and 9% from Singapore. The bulk of the gross value comes from commercial/mixed developments. Based on our chartist, Capland's share price has been falling within its downtrend channel since hitting a high of S$4.23. Yesterday white candle confirmed the reversal pattern. Both its MACD and RSI are moving out of an oversold position, possibly suggesting that there could be a strong rebound ahead. Although NOL saw the biggest decline, fundamentally we downgraded the stock from Outperform to a TRADING SELL slash our target prices from S$2.40 (1.4x P/BV) to S$1.14 (0.75x P/BV) for NOL on 20 June. The stock also saw several downgrades by other brokers. Fundamentals of the container shipping industry has deteriorated far more than our start of the year expectations. Investors should sell NOL before their interim results are released and before consensus forecasts are revised sharply lower. We expect our new target prices for NOL to be reached within three months, below which we would look to accumulate slowly to position for the eventual 2012 rebound. |
| What's Relevant... |
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Singapore's STI gained 39.9pts (+1.3%) to 3,053.5. In the broader market, gainers led losers 374 to 103 with 1.1bn shares worth S$1.3bn changing hands. We expect the market to open higher this morning as concerns about the Greek debt crisis eased. Investors might want to consider good value stocks like Genting Singapore and Golden Agri-Resources. |
Thats why Ho Ching stays put...
pharoah88 ( Date: 22-Jun-2011 14:38) Posted:
- According to a survey by PricewaterhouseCoopers (PwC), Singapore is expected to overtake Switzerland and London as the world’s largest wealth management centre by 2013.
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