singapore blue chips

SATS – [ Bright Spot In a Dull Market]

Kelwin & Roy SATS , ,
16th August, 2022, 7:18 PM

SATS 16th Aug 2022

SATS showed a very strong push up today despite the STI’s negative performance. Its volume is actually the highest for the last 2 months which is a good sign. With an increased in the volume, traders are taking interest in this counter. Next possible upside $4.24 then $4.37.

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We alerted our clients less than a week ago and now we’re seeing SATS move higher!

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It’s All About Recovery Play Today

Kelwin & Roy Comfort Delgro , , , , , , , ,
24th March, 2022, 7:51 PM

It’s All About Recovery Play Today

It was a good day out in our Singapore market as Prime Minister Lee highlighted a few new measures with regards to adapting and living with Covid-19. Group sizes doubled to 10 and less testing for boarders as Singapore continues to open up. Also, more are encouraged to start returning back to office.

With these new relaxed measures, we saw recovery stocks came into full force. Stocks like ComfortDelgro, SATS, SIA Engineering all came roaring back to life! SATS made it to the top gainer under the STI component.

So what’s next? What are some of the targets we have for some of these stocks? Let’s start with ComfortDelgro first.

 

As govt encourages up to 75% of the employee to return back to office, this would have an increase demand in transport services. Trains, taxi, private hirers would see an increase in demand in the coming weeks. For Comfortdelgro, we might see if move towards $1.55 as it looks to break that $1.50 resistance. The mid term target is $1.58 which is around that gap resistance too. An Alert was sent to our clients on 16th March when Comfort was trading at $1.40.

SATS

SATS saw a nice upswing of 5% just today enabling us to hit our first upside target of $4.10. We’re just 1 cent shy of our second target which we believe it’ll hit very soon! As air and sea travel continue to open up , SATS would be a beneficiary of these opening up. $4.29 and $4.41 are the eventual targets we’re looking at.

SIA Engineering

SIA Engineering is another stock we spotted and alerted our active traders just THIS MORNING! It manage to hit our first target of $2.32 and with an increased in volume today we might see the momentum carry on for alittle while more. Next upside target we’re looking at is $2.39 then $2.46.

While there are other recovery stocks like SIA, SBS and hospitality stocks like Ascott Trust, FraserHospitality. But of course we’ll have to be selective about the stocks we choose as there is not much point in sending everything and clients not being able to take action on any. So with our stringent criteria, the above are the few which we have selected for our clients.

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Wilmar – [$5 In Sight? ]

Kelwin & Roy Wilmar , , , , , ,
23rd March, 2022, 2:19 PM

Wilmar – [$5 In Sight? ]

Wilmar broke out of its $4.77 horizontal resistance line and moved up further. We’re seeing a re-test of this resistance turn support and if it manages to hold steady, we might see Wilmar testing the round number resistance of $5. There was a huge volume increase yesterday and with today’s pullback on lighter volume is considered healthy to us.

Wilmar has been a counter we’ve been eyeing since 2 months ago in Feb was it was just trading at $4.43. It has since then moved up over 10% and might be looking to challenge the $5 resistance which more profit taking might come in. Looking out for that!

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Yzj ShipBldg – [ What’s Next After A Long Consolidation ]

Kelwin & Roy Yzj Shipbldg , , , , , ,
2nd March, 2022, 5:51 PM

Yzj ShipBldg – [ What’s Next After A Long Consolidation ]

Chart Source: AdvisorXs 2nd March 2022

Yzj ShipBldg reported a good set of results and is backed by record order wins for 124 vessels, the group remains well-positioned to generate strong cash flows from operations.

It has actually consolidated for about 4 months and has finally broke out. Well, the good thing is we didn’t need to wait for that long as we were waiting for signs of activities before alerting our EXCLUSIVE CLIENTS. It came just 2 weeks back when we saw volume starting to pipe in and that’s when our EXCLUSIVE CLIENTS were alerted!

With such a long consolidation, we are looking for more upside even as both our upside target has been hit. A nice 5.5% upside has been achieved and we might see yzj Shipbldg still moving up in the coming days. $1.54 then $1.60 is our eventual target. Even despite the war that is happening, we’re glad that yzj still manage to hit our targets.

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Wilmar – [ Why It Could Move Higher ]

Kelwin & Roy Wilmar , , , , , , ,
16th February, 2022, 7:50 PM

Wilmar – [ Why It Could Move Higher ]

Chart source: AdvisorXs 16th Feb 2022

Wilmar has seen a move of  7% in just over a week since our alert to our clients. It was Wilmar’s turn to shine as inflation brings a rise in commodity prices and in turn commodity related counters. It is currently at some resistance of around $4.76 and a pullback is healthy. The lower end of this pullback might be around $4.55 before we see another push up.  The next upside resistance we might see is around $4.97.

In order to hold your trade longer at a fraction of the cost, a trader can utilize CFD to give his  or her trading a BOOST!

A reason why Wilmar might continue to see its price trend higher is that it had a long consolidation ever since October hovering around the $4 to $4.40 price range. It has now broken above this resistance and might be challenging the $5 mark in the coming weeks. Also, with inflation , commodity counters tend to perform well too.

As the year starts, fund managers are also looking to load up on quality blue chip to ride this inflation environment.

If you’re keen to know how to free up your capital and to trade on a lower capital,  then do join us in our upcoming WEBINAR where we’ll show you how to hold on to your winning trades in order to ride the trend!

Date: 17th feb

Time 8-9pm

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SGX – [ Meeting Expectations, How To Swing This Trade]

Kelwin & Roy SGX , , ,
9th February, 2022, 7:44 PM

SGX – [ Meeting Expectations, How To Swing This Trade]

Chart Source: Advisor XS 9th Feb 2022

The Singapore Exchange or SGX for short reported its results on Monday and most analyst were satisfied with the results. The biggest rerating came from Citi analyst upgrading it from a sell to a buy rating with a price target of $10.50. Some highlight of its results :

For the 1HFY2022 ended Dec 2021, SGX reported earnings of $219 million, down 8% y-o-y; adjusted earnings, which SGX claims is a more accurate reflection of its underlying earnings, was down 2% y-o-y.

Revenues of $522 million were flat y-o-y with higher operating expenses of $262 million, up 6% y-o-y, and operating profit of $260 million, down 7% y-o-y.

With more interest in local SPAC (Special Purpose Acquisition Company) listings , this could also support market velocity and fees moving forward for SGX.

Technical Outlook 

As we spotted SGX just a month back when it started to break above its downtrend line, it started to show resilience despite a negative sentiment around that time. For contra players, they might have taken some profits as SGX has risen in a few days. But in order to maximize the trade, a trade might consider using CFD in order to swing in with minimal cost. As our alert was at $9.50, we have seen SGX swinging to a high of $10.03 up over 5%.

There is some resistance between the range of $10.03 -10.10 and overcoming it might see SGX move up to , momentum and volume is building up for SGX and we might see it move to $10.50 before taking a break.

In order to ride the this trend, a trade has to either trade in or out or purchase the share. To know how to swing such a trade at a fraction of a cost and free up your capital then do join us in our upcoming WEBINAR where we’ll show you how to hold on to your winning trades in order to ride the trend!

Date: 17th feb

Time 8-9pm

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Kelwin & Roy

Sembcorp Industries – [Time to Bail? ]

Kelwin & Roy Sembcorp Industries , ,
7th February, 2022, 7:22 PM

Sembcorp Industries – [Time to Bail? ]

One of the stronger blue chips beside the bank, Sembcorp Industries has seen over 20% rise just over a month! A fantastic run if you ask us especially in the Singapore market. Since 27th Dec, we have alerted our EXCLUSIVE CLIENTS when Sembcorp Industries broke above it downtrend line. From then on it started its upwards move and right now, we are seeing some resistance.

What should we do? The candlestick pattern looks like  a shooting star which we must take note of. The volume has increased but it couldn’t move higher with a nice hollow candle finish.  A trader might consider taking some profits off the table as it has also touched our $2.49 resistance. There are a few ways to exit this trade and one of them would be when it closes below the 5ema. Another way is when it breaks the uptrend line we drew. One last thing, remember your time frame is also important. Whether you’re an investor or trader.

In order to ride the this trend, a trade has to either trade in or out or purchase the share. To know how to swing such a trade at a fraction of a cost and free up your capital then do join us in our upcoming WEBINAR where we’ll show you how to hold on to your winning trades in order to ride the trend!

Date: 17th feb

Time 8-9pm

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Yours

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Kelwin & Roy

Sembcorp Industries – [Heavy Volume Today, Still Can Chase?]

Kelwin & Roy Sembcorp Industries , , , , , , , ,
6th January, 2022, 5:04 PM

Sembcorp Industries – [Heavy Volume Today, Still Can Chase?]Sembcorp Industries 6th jan 2022

Chart source: AdvisorX 6th Jan 2022

Sembcorp Industries saw a big move today together with an increase in volume. This move came on an unexpected day where US closed red and more talks of a faster rate hike. Overall sentiments were negative but this came as a positive surprise as Sembcorp Industries was holding well. Big Chunks were eaten and if one was not fast enough then this might have been a missed trade.

From the above, we alerted our clients about a week back when Sembcorp Industries had a first break of its downtrend line at $2.02. We saw a nice 5% upside hitting our second target of $2.12 and then witnessing a pullback now. We probably wouldn’t want to chase this trade given the not so strong sentiments out there. In fact, this was one counter which we mentioned in our post previously to take note off, so hopefully most would have gotten in earlier. Taking some profits off the table might be wise given markets don’t have a strong follow through.

If Sembcorp industries manages to stay above $2.12 then we might consider a re-entry.

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CapitalandInvest (9CI) – [New HIGH For the New Year! Our Next Target?]

Kelwin & Roy Capitaland Invest , , , , , , , , ,
4th January, 2022, 5:12 PM

CapitalandInvest (9CI) – [New HIGH For the New Year! Our Next Target?]

Capitaland invest 4th Jan 2022

Chart Source: Tradingview.com

Great start to the new year as we saw Capitaland Investment Ltd making a new high today! It had consolidated more than 2 months and finally shown a great move! Another catalyst might be a local brokerage has reinitiate ‘buy’ on Capitaland Invest with a $4 target. And why are with happy with that? Simple, as we saw movement in Capitaland Invest, watching it break the downtrend line, we notified our Clients about this. We’re glad that with the observation it finally moved up after such a long consolidation. As Capitaland Invest is part of the STI component, that is why we’re seeing the STI moving higher together with the banks.

Our first two upside resistance target has been met and our third one might be around $3.78 area. Its about 24 cents from the previous resistance and the previous support. So we might see more upside in the coming days.

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Are Banks Back In Play?

Kelwin & Roy Stock Market , , , , , , , , , ,
14th October, 2021, 7:52 PM

Are Banks Back In Play?

Are banks back in play? Lets take a quick look at the charts to see if momentum to the upside has returned.

Lets take a look at OCBC first.

Chart source: AdvisorXs 14th Oct 2021

OCBC Bank has broken above its horizontal resistance of around $11.64 which our clients were alerted on. From there we can see if move higher to our upside targets. A new upside move might be in play as banks are starting to come back in play. The big banks in US are also reporting results this week which might give a boost to our Singapore side if results are good. Volume is also starting to return as traders are starting to come back to the bank counters.

We might see OCBC move up to around $12 which is the gap resistance and a break of that might see it push higher to $12.24.

UOB

Image Source: AdvisorXs 14th Oct 2021

UOB chart quite similar to OCBC’s chart as it broke above its horizontal resistance of around $26.34. Volume started to come in yesterday too as our three local banks started getting more attention. If this level is able to hold, we might see it move to $26.90.

DBS

DBS is the only bank that has yet to break out. Will it breakout soon? Is this on your watchlist? We have drawn our levels what we are targeting. What will your trade plan be like?

As we can see, momentum looks like its returning to the three local banks with DBS lagging behind. Will it catch up?

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