THE BUSINESS TIMES – THE Securities Investors Association Singapore (SIAS) has raised the concerns of Tiger Airways’ minority shareholders with the Tiger board, flagging that Singapore Airlines’ offer price is not reasonable for long-term minority shareholders.. Read more at The Business Times.
THE BUSINESS TIMES Stocks – CHINESE retailer Beijing Hualian Group (BHG) is looking to list its malls in a Singapore real estate investment trust (Reit) worth S$597 million. . Read more at The Business Times.
BHG Retail REIT plans to sell 150.13 million units to investors at S$0.80 a unit, to raise around S$120 million.
Related Article: http://www.businesstimes.com.sg/real-estate/beijing-hualian-group-looks-to-list-reit-in-singapore-with-strong-cornerstone-investors
Companies & Markets News -SINGAPORE – Neptune Orient Lines (NOL) said it has entered exclusive talks with France’s CMA CGM over a potential takeover of the Singapore container transportation group.. Read more at straitstimes.com.
Research by CFA Institute.
Sharing some technical analysis idea on OCBC Bank, for education and sharing purposes.
Currently, the stock is trying to hold above $9.
Next Support: $8.94
Strong Support: $$8.65
First Target Price: $9.23
Next Target Price: $9.50
Time frame: 1 month – 2 months
Stochastic: Signals showing possibility of further downtrend. Looking forward, if there is a crossover under the 20% level, it might fuel bullishness.
Moving Averages: It will be good if the 20dma (Red line) stays above 50dma (Blue Line).