HSI has been in downtrend correction these few days after hitting major resistance 25000 (Chart1). This morning tried to rebound but late morning broke supports again (Chart2).
Chart1 - 2hr
Chart2
Thursday, 5 March 2015
Wednesday, 4 March 2015
Journal HSI 2015/03/05
2) 10.45am - 3rd support line broken
3) 10.50am - crawled back to 3rd support line
Tuesday, 3 March 2015
Wednesday, 11 February 2015
Journal HSI 2015/02/12
Sunday, 8 February 2015
Journal HSI 2015/02/09
Last Friday HSI closed down 90 pts. As I guessed it was to anticipate poor CNY data. True enough, the data is below expected.
On Monday HSI gapped down but slowly rebound and trend up as China loosen policy helps to cushion any pull back.
| Saturday, February 7, 2015 | ||||||||
| 21:38 | CNY | Exports (YoY) (Jan) | -3.3% | 6.3% | 9.7% | |||
| 21:38 | CNY | Imports (YoY) (Jan) | -19.9% | -3.0% | -2.4% | |||
| 21:38 | CNY | Trade Balance (Jan) | 60.03B | 48.90B | 49.60B | |||
On Monday HSI gapped down but slowly rebound and trend up as China loosen policy helps to cushion any pull back.
Saturday, 20 September 2014
Vard Holding analysis and market sense
Vard Holding
FA: P/E 12 - 14, close to fair value about 15, not so attractive. BVPS 0.65, fair, no discount. Dividend yield: nil
Conclusion - not attractive
TA: Using support/resistance analysis, First resistance 0.96, first support 0.88, second support 0.79.
Momentum analysis - going down.
Conclusion - fair to down
Analysts rating:
More hold than buy. Target price from 1.10 to 1.45
http://sgx.i3investor.com/servlets/ptg/ms7.jsp
Conclusion - fair to negative
Sector sentiment:
I have heard about shipping sector and commodities sector are bottoming out since about 8 months ago. But relative to overall market indices, Singapore Shipping sector is still relatively under-performing.
Conclusion - stay defensive, can adopt wait and see approach
Market sentiment
From volume and price actions, overall market including western and Asia, sentiment point to cautious, and tend to stay defensive as market is worrying western especially US market which hovering at all time high prone to deep correction. Experts point to about 20 - 30% correction if panic situation worsen.
Positive view: Shanghai-Hong Kong Stock Connect going to bring positive sentiment to both stock exchanges and may bring up sentiment to Singapore too.
Shanghai-Hong Kong Stock Connect
沪港通
Investors ready for Shanghai-Hong Kong stock link
The Impact of Shanghai-Hong Kong Stock Connect
Furthermore, SSE is still at low level compared to above 6000 all time high and HSI is having one of the lowest P/E in the world about 9 - 12 compared to US market about 17.
Conclusion - cautious optimist - betting on china related counters
CK Choy
FA: P/E 12 - 14, close to fair value about 15, not so attractive. BVPS 0.65, fair, no discount. Dividend yield: nil
Conclusion - not attractive
TA: Using support/resistance analysis, First resistance 0.96, first support 0.88, second support 0.79.
Momentum analysis - going down.
Conclusion - fair to down
Analysts rating:
More hold than buy. Target price from 1.10 to 1.45
http://sgx.i3investor.com/servlets/ptg/ms7.jsp
Conclusion - fair to negative
Sector sentiment:
I have heard about shipping sector and commodities sector are bottoming out since about 8 months ago. But relative to overall market indices, Singapore Shipping sector is still relatively under-performing.
Conclusion - stay defensive, can adopt wait and see approach
Market sentiment
From volume and price actions, overall market including western and Asia, sentiment point to cautious, and tend to stay defensive as market is worrying western especially US market which hovering at all time high prone to deep correction. Experts point to about 20 - 30% correction if panic situation worsen.
Positive view: Shanghai-Hong Kong Stock Connect going to bring positive sentiment to both stock exchanges and may bring up sentiment to Singapore too.
Shanghai-Hong Kong Stock Connect
沪港通
Investors ready for Shanghai-Hong Kong stock link
The Impact of Shanghai-Hong Kong Stock Connect
Furthermore, SSE is still at low level compared to above 6000 all time high and HSI is having one of the lowest P/E in the world about 9 - 12 compared to US market about 17.
Conclusion - cautious optimist - betting on china related counters
CK Choy
Monday, 15 September 2014
Journal 2014/09/16
Yesterday HSI continue retreat despite SSE gain. Overnigt US market rebound. Hence expecting HSI to firm up. But HSI today morning closed due to typhoon. Looking at the overall sentiment, market is cautious but I'm a bit optimistic and seeing HSI may firm up if reopen in the afternoon and hence may help sentiment in Singapore.
Currently in the morning Singapore counters open remain flat, can consider intraday contra buy in the morning and sell in the afternoon.
Eg Genting ( trending down from 1.3 and accelerate fast from 1.2 to current 1.105 ) , for contra only.
Property counters, Capland, OUE, short to mid term. Chip Eng Seng, buy at 0.92, 0.89, for short to mid term.
Wilmar, 3.12 to 3.13, short to mid term
CK Choy
Currently in the morning Singapore counters open remain flat, can consider intraday contra buy in the morning and sell in the afternoon.
Eg Genting ( trending down from 1.3 and accelerate fast from 1.2 to current 1.105 ) , for contra only.
Property counters, Capland, OUE, short to mid term. Chip Eng Seng, buy at 0.92, 0.89, for short to mid term.
Wilmar, 3.12 to 3.13, short to mid term
CK Choy
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