China-Hong Kong Cross Border Mutual-Fund Sales to Start July – Bloomberg Business


Starhub / 22 May 2015


Trading close to 52 weeks low ($4.01)
High volume for the past 3 days
Stochastic in the oversold region, under 20% level
Based on the past, $4.01 serves as a good support
However, with the hint of introducing a 4th telco in Singapore, the current 3 telcos may face some challenge
Lookout for possible buying opportunity after a rebound
Look to see if $4.01 – $4.10 serves to be the new trading range

StarHub (2)

Global Logistic / 22 May 2015 *Updates*

(Buy call made in Dec 2014)

Global Logistic (3 Aug 2015 XD, $0.055 per share)

Exceptional volume on 21 May, $1.06 billion total volume formed
Parcel of 351.6 million shares crossed at S$2.74 per share
Counter on a steady uptrend since early Jan this year
Currently, 20 and 50 days MA continuing uptrend momentum

Support: $2.77
Possible new trading range between $2.77 – $2.95

Global Logistic (3)

Cosco / 19 May 2015

Having some problems with the Java.. therefore I used Chartnexus

Strong trading volume today
MACD poised to crossover
Bullish stochastic crossover under 20% level (Oversold region)
Possible further upside if break up 20 days MA, and counter trades above 50 days MA

Support: $0.50
Short term resistance: $0.55

Target Price: $0.58
Time frame: 1 month


SingPost scores as first logistics partner of Alibaba Merchant Delivery Scheme / BusinessTimes 19 May 2015

May 19, 201510:44 AM

SINGAPORE Post (SingPost) has emerged as the first logistics partner of the Alibaba Merchant Delivery Scheme launched on Tuesday by (the global wholesale trade arm of Alibaba Group), set up to provide members with logistics solutions and consultation services in cooperation with logistic partners in various countries.

The partnership follows the signing of a memorandum of understanding between Alibaba Group and SingPost in May last year to explore cooperation in the area of international e-commerce logistics.

“The growing penetration of e-commerce has made it easier for small businesses to conduct trade with buyers in overseas markets. However, logistics remains a challenge due to high costs and the complexity of moving goods across borders,” said Eric Sin, senior manager of strategic partnership and global business development of

“We are excited to introduce the ‘Alibaba Merchant Delivery Scheme’ to better serve the logistics needs of our South-east Asian members. By leveraging the strong delivery networks of our partners in the region such as SingPost, we hope to offer our small business members a cost-effective and seamless logistic solution to lower their barrier to conducting international trade.”

Full article:

Ezion sued by partner over Maersk deal plot claim / 18 May 2015 BusinessTimes

This explains the earlier drop for Ezion today…

MAY 18, 201510:02 AM
[SINGAPORE] Ezion Holdings Ltd was sued by a partner which accused the Singapore-based offshore service provider of a conspiracy to induce an A.P. Moeller-Maersk A/S unit to breach charter agreements.

Ezion created the impression Atlantic Marine Services BV, which it had agreed to charter oil rigs with to Maersk Oil, was in financial trouble, the Amsterdam-based company claimed in a lawsuit filed last month in the Singapore High Court. A closed hearing is scheduled for June 2.

Atlantic Marine said in the suit it agreed to pay inflated charter rates to Ezion for the rig services provided to Maersk Oil to help the Singapore company secure bigger loans.

The claims are frivolous and without merit, Ezion’s lawyer Peter Doraisamy said. Maersk Oil, which isn’t a party in the lawsuit, said it has terminated its contract with Atlantic Marine for its failure to meet contractual obligations.

Muralli Rajaram, a lawyer representing Atlantic Marine, declined to comment. Ezion’s stock fell 0.4 per cent to close at S$1.185 on Friday.

Ezion, which last week posted a 9.4 per cent fall in first-quarter net income to US$41 million, described the operating environment as “challenging” after a drastic drop in oil prices.