ST Engineering 30 Nov 2014 (Short Term Trade idea)

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

2014Nov-ST Engineering-1280x800

OPEC Leaves Output Ceiling Unchanged at 30 Million Barrels *Updated*

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.

http://www.bloomberg.com/news/2014-11-27/opec-leaves-output-ceiling-unchanged-at-30-million-barrels.html

Watch out for related counters… becareful

Global Logistic (Reiterate, 25/11) 27 Nov 2014

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

Global Logistic 4

ST Engineering 26 November 2014

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

ST Engineering (2)

Super Group 26 November 2014

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

Super Group

Keppel DC Reit Said to Seek Up to $512 million in Singapore IPO: report – Companies News & Top Stories – The Straits Times

Keppel DC Reit Said to Seek Up to $512 million in Singapore IPO: report – Companies News & Top Stories – The Straits Times.

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.