ST Engineering (Short Term Trade)
Counter might be in early stage of consolidation
MACD signals poised to crossover under 0 level
Bullish stochastic crossover signals, under 20% (oversold region)
As the stock is oversold for a long period, high possibility that it might exit the oversold region soon
Last done: $3.37
Support: $3.35
Near term resistance is at around $3.41
Short term Target price: $3.47
Time frame: 2 weeks – 1 month
OPEC left its oil-output target unchanged, resisting calls from Venezuela for action to halt this year’s plunge in prices.
The group maintained its collective ceiling of 30 million barrels a day, Ali Al-Naimi, Saudi Arabia’s oil minister, said today after the 12-member producer group gathered for talks at its headquarters in Vienna. Brent crude fell below $75 a barrel after the decision, for the first time since September 2010.
Watch out for related counters… becareful
Global Logistic (Reiterate, 25/11)
Bullish MACD crossover, blue cuts up red line, under 0 level
Light volume today as compared to previous 2 trading sessions
Look to see if 20 days moving average can act as support
$2.64 might be a resistance turned support
Immediate support: $2.64
Same Target price @ $2.76
Time frame: 2 weeks – 1 month
Counter seems to be a little sideways after heavy sell off
MACD signals poised to crossover
Bullish stochastic crossover signals, under 20% (oversold region)
As the stock is oversold for a long period of time, it is possible that it might exit the oversold region soon
Look to see if $3.33 support can be maintained before entry
Near term small resistance is at around $3.41
Target price: $3.56
Time frame: 1 – 2 months
Counter currently trading above 20 days moving average
Bullish MACD signals under 0 level
Look to see if new support can be found above 20 days moving average and around $1.125 level
Interested investors can add to watchlist
Next small resistance at $1.19
Based on last done price at $1.16, dividend yield is at 3.87%
Maybe can enter around $1.125, Target price $1.265
Time frame…1 – 2 months
EGM held earlier today. Company obtained 99.99% approval for listing of Keppel DC REIT. I believe that this might be a hot IPO.. especially with the previous participants of the failed Transcab IPO.
Keppel DC Reit, a trust that will be backed by data centre properties, is seeking to raise as much as $512 million from its Singapore initial public offering, Bloomberg News said on Tuesday, quoting people with knowledge of the matter.
At this figure, Keppel DC Reit would be the second-biggest IPO in Singapore this year, after Accordia Golf Trust’s $782 million offering in July, according to data compiled by Bloomberg.
The Keppel trust plans to offer units at 90 to 93 cents each and a dividend yield of as much as 7.1 per cent for the 2015 fiscal year, Bloomberg reported.
Keppel T&T shareholders are meeting on Tuesday to vote on the proposed REIT listing as well as the planned sale of the company’s stakes in data centres in Singapore, Australia and Europe to the trust.
CPF interest rates to remain unchanged – Channel NewsAsia.
All CPF members will continue to receive at least 2.5 per cent interest on their Ordinary Account, and 4 per cent interest on their Special and MediSave Accounts from Jan 1 to Mar 31, 2015.
Bullish MACD crossover, blue cuts up red line, under 0 level
Higher than usual good volume spotted, in comparison with past few days trading session
Look to see if 20 days moving average can act as support again
$2.64 may posed as a small resistance
Immediate support: $2.56
Target price @ $2.76
Time frame: 2 weeks – 1 month
Lookout for possible reversal with support at $1.67, 52-weeks low at $1.65
MACD signals poised for bullish crossover, under 0 line
Bullish Stochastic crossover signals, below 20% (Oversold) region
However, lookout for possible 20 days moving average resistance
Support: $1.67
Entry price: $1.67 – $1.685
Target price: $1.745
Time frame: 1 month – 2 months
DEVOUR YOUR FEAR 