Singapore Stock Picks - 30 March, 2015

• Singapore share prices opened lower, with the Straits Times Index down 7.27 points to 3,442.83/

• Singapore shares may get off to a slow start with rate hike concerns in the US possibly weighing on sentiment again.

• Sino Construction will raise about $6.5 million through a share placement to partly fund the construction of micro power plants in South Korea.

• SINGAPORE businesses are slightly more optimistic about the next three months, the first uptick in sentiment in three quarters, according to the Singapore Commercial Credit Bureau (SCCB).

• Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.

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Singapore Stock News - 26 March, 2015

• Singapore shares retreated in early morning trade on the back of losses on Wall Street and soft US economic data,the Straits Times Index dipped 0.31 per cent, or 10.64 points, to 3,408.38
  
  
• Swiber Holdings Limited said despite the downturn in the oil and gas industry, the group clinched a series of contracts totalling US$405.6 million, bringing its order book to a record of over US$1.8 billion to-date.
  
  
• Keppel Corp has crossed the 90% of threshold in acceptances required to delist its real estate subsidiary Keppel Land. It agreed to acquire 90.9 per cent of the total number of issued Keppel Land shares.
  
  

Singapore Stock Picks

• The appeal of shipping company Neptune Orient Lines rose after it agreed to sell its logistics last month for US$1.2 billion to cut debt.
  
  
• Crude futures dipped slightly yesterday as ballooning US storage volumes continued to pressure prices although relatively healthy demand figures from Europe supported prices. Brent oil futures were trading at US$55.09 a barrel.
  
  
• Gold held near 2-1/2 week highs on Wednesday as upbeat eurozone economic data supported the euro versus the dollar, and as expectations receded that a US interest rate rise is imminent.

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Singapore News Updates - 25 March, 2015

• Singapore shares overcame an overnight decline in the US markets to post a modest gain as the Straits Times Index edged up 0.02 per cent, or 0.75 point, to 3,414.01.
  
  
• Shares of SIIC Environment Holdings rose 6.7 per cent on active trading after the water treatment company announced an acquisition of a China-based business in the same industry.
  
  
• Crude futures dipped slightly as ballooning US storage volumes continued to pressure prices although relatively healthy demand figures from Europe supported prices.
  
  

• Comments from the US Federal Reserve's vice chairman suggesting interest rates would rise more slowly than expected put further downward pressure on the dollar.
  
  
• Sino Construction recorded a S$7 million net loss for its latest quarter ended Dec 31, 2014, versus a S$2.18 million net gain in the year ago period.
  
  
• ValueMax Group has decided to expand its business to include unsecured moneylending and the new business is complementary to the existing businesses.
  
  
• NOL,the shipping company that helped cement Singapore's status as a global trade hub may be shaping up as a takeover candidate.

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STI Technical Analysis - 24 March, 2015

Market Review for STI:

Shares in the local bourse opened higher with the benchmark Straits Times Index gaining 5.4 points or 0.2 per cent to 3,415.5. The local market opened higher despite moderate falls in US stock indices overnight. The industrial production probably fell in February from year earlier, dented by weak exports and the timing of the Lunar New Year holiday.

STI Technical Levels

Support 1	3374
Support 2	3360
Support 3	3320
Resistance 1	3440
Resistance 2	3456
Resistance 3	3480

STI Day Performance

Open	3411.28
High	3421.61
Low	3408.63
Close	3413.26
Change(Points)	3.1
% Change	0.09%
Volume	950.7M
Rise	219
Fall	146
Unch	414

Market forecast for STI:

We may expect STI to move up continuing its uptrend and touch the level of 3430.

TOP LOSER

Scrip Name	CMP	%change
GOLDEN AGRI-RES.SG	0.395	-2.47
NOBLE.SG	0.85	-1.73
COMFORTDELGRO.SG	2.93	-1.01
JSH USD.SG	34.6	-1
CITYDEV.SG	10	-0.7

TOP GAINERS

CAPITAMALL TRUST.SG	2.16	4.35
GENTING SING.SG	0.935	3.31
HONGKONGLAND USD.SG	7.57	2.44
SINGTEL.SG	4.23	2.42
ASCENDAS REIT.SG	2.5	2.04
CAPITAMALL TRUST.SG	2.16	4.35

Technical Indicators: 

RSI is at 54.825 and CCI is at 51.91

Important Factors for today

• Singapore's economy will likely grow 3% this year and 3.4% in 2016, driven by the finance, insurance and business services sectors, according to the Asian Development Bank (ADB).
  
  
• The three-month Singapore interbank offered rate, or Sibor - the rate at which banks lend money to one another - surged to 1.00129 per cent today, level not seen since December 2008, although it is still fairly low by historical standards. It may lead to rise in home loans.
  
  
• City Developments Limited (CDL)'s which has raised S$125 million from its five-year senior unsecured fixed rate notes were sold at 3 per cent, aggressively priced due to their strong credit standing.
  
  
• Shares of Noble Group continued to be actively traded today with 24 million shares worth S$22 million done.It has vigorously rejected allegations imposed by Iceberg Research and it will start legal proceedings after the little-known research firm issued a third report.
  
  
• Singapore Exchange is shifting its focus from speed to safety as Southeast Asia's biggest bourse embarks on the latest upgrade to its derivatives-trading technology.
  
  
• Gold retained gains from a three-day rally to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates.
  
  
• Oil prices fell in Asia today following disappointing manufacturing data out of top energy consumer China, and as dealers await for the fresh US economic figures to be released.

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Singapore News Updates- 24 March, 2015

• Shares in the local bourse opened higher with the benchmark Straits Times Index gaining 5.4 points or 0.2 per cent to 3,415.5.

• Genting Singapore said its indirect wholly-owned subsidiary Resorts World at Sentosa (RWS) has executed an agreement for syndicated senior secured credit facilities worth S$2.27 billion.

• M1 Limited (M1) and the Maritime and Port Authority of Singapore (MPA) on Monday said they would partner in adopting fourth generation mobile telecommunications technology (4G) broadband for vessels operating within Singapore's port waters.

• Oil prices rose on Monday, rebounding from early losses, as the dollar retreated against the euro.

• Gold retained gains from a three-day rally to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates.

• The Federal Reserve is"widely expected" to begin raising US interest rates this year, with policymakers deciding on subsequent policy tightening or loosening on a meeting-to-meeting basis.

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STI Technical Analysis - 23 March, 2015

Market Review for STI

• Shares prices opened higher  with the Straits Times Index (STI) up 4.21 points to 3,416.65 , following gains in US and European markets on Friday. 

• Local market is up, some of the other Asian markets are trading higher.

• Asian markets mostly advanced  following rallies on Wall Street and in Europe, while the dollar continued to struggle after the Federal Reserve dampened expectations for an early interest rate hike.

STI Day Performance

• Open - 3413.65

• High - 3430.32

• Low - 3409.42

• Close - 3410.13

• Change (Points) - -2.31

• % Change - 0.07%

• Volume - 920.5M

• Rise - 190

• Fall - 173

• Unch - 417

Market forecast for STI

We may expect STI will move in the range of 3374 to 3456.

Technical Indicators

 RSI is at 54 and CCI is at 55.

Important Factors For Today

• Singapore issuers are turning to private debt placements to seek tighter pricing and new investors amid an uncertain rates outlook.

• SINGAPORE'S headline inflation remained in negative territory at -0.3 per cent in February, although this was a touch higher than January's reading of -0.4 per cent.

• Consumer prices in Singapore fell in February for the fourth consecutive month, potentially setting the stage for the central bank to ease monetary policy further at its biannual meeting in April.

• Chief Justice Sundaresh Menon paid a tribute to the late Lee Kuan Yew, Singapore's first prime minister who died early Monday morning at the age of 91, calling him a lifelong champion of the rule of law.

• Noble Group says it will commence legal action against Arnaud Vagner, a resident in Hong Kong, and Enlighten Ace, a Seychelles firm, for "conspiracy to injure" the company. Noble Group says it will commence legal action against Arnaud Vagner, a resident in Hong Kong, and Enlighten Ace, a Seychelles firm, for "conspiracy to injure" the company.

• M1 Limited (M1) and the Maritime and Port Authority of Singapore (MPA)  they would partner in adopting fourth generation mobile telecommunications technology (4G) broadband for vessels operating within Singapore's port waters.

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Market Review for STI 

• Singapore share prices opened lower with the Straits Times Index (STI) down 0.75 points to 3,362.02, tracing losses in the US markets. 

• Singapore stocks hung on to their gains at noon after opening lower because Singapore-listed companies received an increase of 7.1 per cent in the median of the average director's fee - $60,000 per annum in the financial year 2013/2014, compared to S$56,000 in the previous financial year.

Market Forecast for STI

After one week STI was positive now, we are expecting STI will be positive in the next trading session.

Technical Indicators

RSI is at 43 and CSI is at -134

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Singapore Morning Updates - 17 March, 2015

• Singapore share prices opened higher with the Straits Times Index (STI) up 16.70 points to 3,392.74 .

• Myanmar property play Yoma Strategic Holdings announced some changes to key management.Group general manager Jeremy Noel Westmore &
  Co-head Elmar Heinrich  resigned to pursue personal interests.

• Shares of Sinarmas Land surged 5 per cent in early-morning trading, even as Singapore Exchange assigned a "trade with caution" on the stock.

• SINGAPORE'S non-oil domestic exports (NODX) fell by a sharp 9.7 per cent year on year in February, following three straight months of increase.

• Social media company YuuZoo Corporation announced that it has launched a localised version of its virtual shopping mall in Turkey through a joint venture with a local partner.

• NOBLE Group on Tuesday said it has repurchased US$15 million in dollar-denominated 10-year senior notes due 2020 that offered a 6.625 per cent coupon.

• IREIT Global hopes to double its asset size and net lettable area in the next 12 to 18 months,It adopts an "ABBA" investment strategy, investing in "A" assets in "B" (second-tier) cities and "B" assets in "A" (first-tier) cities.

• US stocks opened higher on Monday after a 3-week losing skid for the S&P 500, as a recovery in the euro helped reassure US investors who had been concerned about the impact of a robust dollar on the earnings of multinational companies.

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Weekly Technical Analysis - STI

Weekly Technical View On STI

Support Levels :

• Support 1 - 3350

• Support 2 - 3330

• Support 3 - 3315

Resistance Levels :

• Resistance 1 - 3420

• Resistance 2 - 3456

• Resistance 3 - 3495

STI Performance 

• Open - 3395.36

• High - 3416.39

• Low - 3362.16

• Close - 3362.77

• Change (in points) - -54.74 

• % Change - -4.91%

Weekly wrap of STI:

• STI performed sideways this week. First day of week it opened down by 27 points. Risk appetite remained low as investors reacted to a better-than-expected US jobs report by selling stocks, mindful that the data could prompt the Federal Reserve to raise interest rates sooner rather than later and as investor’s awaited China inflation data and following a rebound in US markets.

• In the mid week stocks continue their downward slide following a slump in US equities, after the dollar gained amid speculation the Federal Reserve is moving close. While the index dipped marginally below the level of 3,380 near-term supports, it is expected that the Singapore market should be resilient amid the current US rate hike uncertainty and the weak Singapore dollar against the US dollar. 

• Last day of week Market closed at 3362 and down by 10 points .

Market Forecast for week ahead:

• We may expect STI to slide down because it is making rounding top, even Asian market was positive but STI was down, Because It is following technical pattern. 

• It is expected that it will touch the level of 3315 as its support level and if it breaks this level, then it may further fall down.