Oil Will Struggle to Break Past $60 a Barrel in 2016

Some of the world’s largest energy companies and investment banks are becoming more pessimistic about the ability of crude oil pricing to reach even $60 a barrel next year, reporting steep losses as they take hits on projects that no longer make financial sense. Continued oversupply means that next year, Brent crude prices will average $58 a barrel and West Texas Intermediate, the U.S. oil benchmark, will average $54 a barrel, according to 13 investment banks polled by The Wall Street Journal. The analysis comes as energy titans such as Royal Dutch Shell PLC and France’s Total SA on Thursday reported billions of dollars in write-downs after a quarter in which oil prices fell to the lowest since the financial crisis.


OCBC Bank 30 OCT 2015

Bollinger Bands: One thing to note is that currently, the stock is at the bottom of the band. If it remains in the band, rebounded and crossed the middle line (20dma), it would be better for the stock for possible upside.

Stochastic: Seems like OCBC is firmly heading into the oversold region. Look to see if a crossover happens below the 20%. Crossover under 20% level would signal a good possibility of stock price moving up.

Resistance: $9 can be the so called psychological support/resistance for traders. Currently, it seems to be a resistance. Next level resistance is at $9.23.


Golden Agri 30 Oct 2015

Golden Agri been moving in a uptrend since the start of October. It broke out of the Bollinger Squeeze, which can be seen during month of September.

Can look to watchlist this counter.

Moving Averages: Look to see if the 20dma can act as a support for GAR
MACD: Signals seem to show a Bearish Crossover.
Stochastic: Signals are still not in the oversold region yet

If it can rebound from $0.38, it might have a good possibility of continuing further upside..

Golden Agri

OCBC third-quarter earnings down 27 per cent from a year earlier


OCBC third-quarter earnings down 27 per cent from a year earlier. But the Singapore bank’s core net profit was up 7 per cent, largely due to a 25 per cent increase in earnings from its banking operations. Its Q3, 2014 profit was boosted by a S$391 million gain in its Bank of Ningbo investment.

SINGAPORE: Oversea-Chinese Banking Corporation Limited (OCBC) reported a net profit after tax of S$902 million for the third quarter of 2015, down 27 per cent from S$1.23 billion a year ago.

The Singapore bank’s core net profit grew 7 per cent year-on-year, due in part to a S$391 million one-off gain realised a year ago. OCBC said this increase was driven by a 25 per cent increase in earnings from its banking operations, offseting a decline in insurance contributions.

Said CEO Samuel Tsien: “This quarter marks the first year since we acquired OCBC Wing Hang Bank. It is evident that the OCBC Wing Hang Bank addition to our Greater China franchise has further strengthened and diversified the Group’s earnings.

Equities dip as Asia awaits central bank meetings


Most equities markets eased on Tuesday (Oct 27) after the previous day’s rally while the dollar slipped against its major peers as investors look ahead to key central bank meetings in the United States and Japan this week

Asian stocks rally on China rate cut

Comment: China developers are expected to benefit from the cut. Lower bank borrowings, cheaper financing. Property stocks are expected to react positively. 

Asian stocks tracked gains in offshore markets, extending their rally on the back of another rate cut in China.

The People’s Bank of China (PBOC) lowered its benchmark interest rates by 25 basis points, alongside a half-percentage cut in the reserve requirement ratio (RRR), to jumpstart a slowing economy.

Friday’s moves marked the sixth time since November that the PBOC has cut interest rates and the fourth across-the-board reduction of the amount of deposits banks are required to hold in reserve.

“The estimated cash released from these policy changes is 600 to 700 billion yuan in liquidity (about $93.75 to $109.3 billion). Considering the inflation and industrial production [data] over the past quarter, this should be no surprise. In fact, the surprise is that it’s taken this long for the PBoC to pull the trigger,” IG’s market strategist Evan Lucas wrote in a note released early Monday.

“What might be missed by the headline reads is that the PBOC has abolished the deposit rate ceiling – this is a big step forward in liberalizing the interest rate market and shows China is very much committed to its goals of liberating the financial system,” he added, referring to the 25-basis-point cut in its one-year benchmark deposit rate.

Read more: http://www.cnbc.com/2015/10/25/asian-stocks-to-extend-rally-after-chinas-pboc-cut-rates.html