Author: Kelwin & Roy

Singapore Budget 2017 – What Now?

Kelwin & Roy Hock Lian Seng, ISO Team, Singapore Budget 2017, St Engineering , , , , , , , , ,
5th March, 2017, 9:33 PM

Singapore Budget 2017 was delivered by our Finance Minster Mr Heng Swee Keat  on Feb20 and we’ll just cover it briefly and what are some stocks that we are looking at. More can be read on the budget over here.

There were no major surprises for the Budget 2017 and some of the focus was on the smart Nation or digital economy, accelerating infrastructure projects and helping sectors facing cyclical headwinds.  Our markets didn’t react too much after the budget was announced so markets were not expecting too much to begin with.

With a 4.5 billion dollar programme to promote growth and competitiveness , the Committee on Future Economy (CFE) continues to emphasize the need to build skills and capabilities and to develop an innovative and connected economy. Digital Disruption continues to the buzz word and firm will have to adapt to that. St Engineering subsidiary St Eng Electronics could be a beneficiary of this as their Smart City solves city challenges and integrates systems that sustain future growth.

St Eng

Just some technical levels we’re looking at: 3.60-3.62 as the immediate support. If it breaks lower could see 3.45 levels in which we might consider entering. Currently its a little high now. Would prefer for a pull back .IF it breaks the 3.70 resistance we might see it eventually test 3.82.

 

Construction spending : The Singapore government will bring forward $700 million of spending  on public- sector projects in the next two fiscal years . Some firms we are looking at would be Hock Lian Seng which has jumped close to 10% since budget day. They boast over 45 years of experience in civil Engineering & Construction. They have been carrying out civil engineering works for bridges, expressways, tunnels and MRT with a few of these being awarded ‘construction excellence’

 

Hock lian

Hock lian seng hitting 60 cents which is the all time high. Some pullback would be good to levels  of 56 or 53 or even 50 cents and over there we might consider an entry. If it breaks 60 cents we might probably see 68 cents first. 

Another company we’re looking at would be ISO Team. Having been around for 19 years they are an established player in the building maintenance and estate upgrading industry in Singapore. They are also the exclusive applicator of paint works for both SKK and Nippon Paint in the public housing sector in Singapore. Major customers include town councils and government bodies.

Iso

Iso Team usually consolidate for awhile and breaks out then consolidate again. Would probably have to buy and hold rather then to time the break out. Around 0.375-0.395 would be a good be good entry point. If it goes lower then we’ll have to wait and see. 

The offshore and marine sector continue to remain weak and even with the foreign workers levy hike deferring for another year this will probably benefit SMEs a little more.Keppel Corp and Sembcorp Marine would be our picks for the O&M sector.

This is not all but of course as said we’ll briefly cover some points of the budget and do email us if you would like more ideas on the Singapore budget 2017.

Yours

Humbly

Kelwin&Roy

Sunpower- Anymore Power?

Kelwin & Roy Sunpower , , , , , , , ,
2nd March, 2017, 10:50 PM

Sunpower- Anymore Power?sunpower

Sunpower Group Ltd. is recognised as a specialist in the design and manufacture of such energy saving and environmental protection products .  If you’re interested you can find out more on their website.

It had a very powerful run and it seems resisted for now. Will it have more power to break that downtrend line? We’re hoping not yet. As you can see it’s currently also below the 10 days exponential moving average which is not a good sign. A good pullback would be healthy and we’re looking at a short entry around 0.795-0.805. We can place a stop loss at 0.835

We feel that the risk reward is not bad if Sunpower can move lower to 0.66 level Remember not to naked short but use Poems CFD(DMA) for shorting as this might take time to come down.

Yours

Humbly

Kelwin&Roy

Keppel Corp – Getting A Little High

Kelwin & Roy Keppel Corp , , , , , , , ,
2nd March, 2017, 10:18 PM

Keppel Corp – Getting A Little HighKC

Keppel Corp is a stock that we mentioned in our market outlook article back in January when it was around $6.20. It’s been a month plus and keppel Corp stands at $7.22 today. We feel that it’s reaching resistance for now and a pull back would be healthy.

We have drawn the uptrend channel line which acts as a resistance. A short entry could be around 7.23-7.25 area with  a tight stop loss around 7.28-7.30.

What might happen here could be that it might start pulling back from here or if market is still so bullish it could break out from this uptrend line we drew. We’re hoping for some pullback before we can make a re-entry.

Yours

Humbly

Kelwin&Roy

Alliance Mineral – Lithium Charged

Kelwin & Roy Alliance Mineral , , , , , , , ,
1st March, 2017, 11:37 PM

Alliance Mineral – Lithium Charged Allaince

Alliance Mineral was a stock we shared back in early January when it was around 0.096. It has since then ran up a lot to close at 21 cents.

Alliance Mineral does lithium mining and lithium has been in demand from usage in handphone batteries to batteries in electric cars. Recently Alliance Mineral has been running due to the recent finding in their western australian mine which is rich in lithium and tantalum having a significant value in today’s market. With Lithium being in demand this is one stock we want to look at for mid term .

We have drawn a few support and resistance zone The first resistance being 22 cents as it crossed 0.205 then after we might see 25 cents. We might want to look to enter on pullback and these are the support levels that we are seeing: 0.185 and0.167. This stock has crossed 20 cents so now each move up is significantly bigger so do take note of your risk.

Yours

Humbly

Kelwin&Roy

Spackman- On Halt now , What could be next?

Kelwin & Roy Spackman , , , , , , , ,
28th February, 2017, 11:14 PM

Spackman- On Halt now , What could be next?

Spackman 28 Feb 2017

Spackman , since our blog post last week ,bounced off the critical support level $0.180 and hit our first upside resistance of $0.189. Since then, it has been pulling back and broke below its uptrend and downtrend line support areas and touched its first downside support of $0.176,  before being halted for trading today at a lower price of $0.174 .

So what could happen to Spackman after the halt ? If there is good news announced and caused it bounce up , it may rally back to the uptrend previous support now turn resistance area of around $0.187 , follow by the horizontal resistance of $0.189 and $0.194 .

However,  if the announcement cause it to continue its drop after the halt, it may slide down to its next downside support of $0.169 follow by  $0.162 .

Let’s observe and see which of the scenarios will pan out after the halt .

Your

Humbly

Kelwin&Roy

 

Noble Group – Reached Our Target But How Now

Kelwin & Roy Noble Group, Stock Market , , , , , , , ,
26th February, 2017, 11:37 PM

Noble Group – Reached Our Target But How Nownoble

Noble Group has reached our target from our previous post and inched above to 0.28 where it met its horizontal resistance. Many people has been asking what happened to noble group on friday and how now? We hope you all managed to escape from this sell down by shifting your trailing stop up.

On Friday, Iceberg released a report on noble group which could be a possible reason for the fierce sell off. Another reason also could be that it hit the horizontal resistance of 0.28 or people could be selling ahead of its results due on Monday (27th Feb) or taking profit on a friday. All these coming together could be a perfect storm in selling down .

So how now? How to trade this counter? We’re using the 200 days  exponential moving average for this round and as you can see it’s acting as the support at 20 cents. Also a nice round number. If this breaks we could see 0.197 to 0.195 level. The uptrend has to hold in order for the trend to continue. At those levels we can look  for entry for noble.  We’re watching the uptrend lines that we draw as the support which could act as the intermediate support. Do note that their results will be out this Monday after market.

Yours

Humbly

Kelwin&Roy

 

Sembcorp Marine – Our warrior is up 20%

Kelwin & Roy sembcorp marine , , , , , , , ,
23rd February, 2017, 10:18 PM

Sembcorp Marine – Our warrior is up 20% smm

Sembcorp Marine had a wonderful run today after releasing its results. It has swing to a profit in Q4 which probably helped in lifting the price up. A future squeeze on short sellers also helped the price moved up sharply. In fact sembcorp marine is up 20% since our first post in just two weeks. Solid gains and we hope our readers managed to learn something through this.

If you have been following us for a while, Sembcorp Marine broke through our uptrend line which could be another possible entry. We have drawn a few possible resistance in the near term so don’t forget to shift up your trailing stop now.

Yours

Humbly

Kelwin&Roy

Spackman- at critical support?

Kelwin & Roy Spackman , , , , , , , ,
21st February, 2017, 11:22 PM

Spackman- at critical support?

Spackman 21 Feb 2017

Spackman , a korean entertainment company has been pulling back the past few days after bouncing up to its recent swing high of 0.194 . It is currently at 0.181 which is around the uptrend line lower channel support level and the downtrend line support level (which after breaking above this downtrend line lately , it pulled back and retest this downtrend line again today, which now act as a support) .

Such confluence of support levels may signal Spackman is now at a critical support . If it can bounce off from the current price level of 0.181 , it may test the next upside resistance of 0.189 follow by 0.194 .

However if it break below 0.179 the low of today candle, which is below the critical support level of the uptrend and downtrend lines , then it could retest the next downside support of 0.176 follow by 0.169.

Be aware that Spackman’s results is pretty near which may be later this week or next week , so if you are trading this stock , do take note of it .

Yours

Humbly

Kelwin&Roy

Sembcorp Marine – Fought up to our target and more !

Kelwin & Roy sembcorp marine , , , , , , , ,
17th February, 2017, 10:18 PM

Sembcorp Marine – Fought up to our target and more ! Sembcorp marin

Sembcorp Marine related to the oil & gas sector saw a nice ride up this week. We posted it just a week back when we saw some strength as it still being supported by the 50 days moving average and the uptrend lines.

So what’s next for Sembcorp Marine since it has hit our target of 1.57? From the chart although it has broke through the resistance of 1.57 it didn’t manage to stay above it. We’ll need to see if it can stay above 1.57 if it does then we might see 1.60 .Also, don’t forget to shift your trailing stop loss up.  Slow and steady for sembcorp marine.

We hope our readers manage to learn and benefit from our sharing and had a great trading week. It’s time to take a break and have a restful weekend now. Recharge and be ready for next week.

Yours

Humbly

Kelwin&Roy

First Resources – Uptrend Intact

Kelwin & Roy First Resources , , , , , ,
16th February, 2017, 11:48 PM

First Resources – Uptrend Intact

first Res

First Resources is a palm oil related stock we been mentioning since January and has sinced moved up to the key resistance of $2.02. It has retraced back to the uptrend line and remained above it keeping it nicely intact. We can see that it has recently rebound from the 50 days simple moving average and the uptrend line too.

It has an increased in volume today and with palm oil rising First Resources might stand to benefit. Two things could happen.

  1. It could break out of the horizontal resistance of $2.02 and might move to $2.06 and higher
  2. It could hover here and test the uptrend support line and hopefully breakout of the range

So we’re watching to see if it can breakout and will put a stop loss at  1.96 or 1.94.

Yours

Humbly

Kelwin&Roy