Singapore stock blog

Sembcorp Industries – [ Equity Fund Raising Dismissed ]

Kelwin & Roy Sembcorp Industries , , , , ,
23rd November, 2022, 4:26 PM

Sembcorp Industries 23rd Nov 2022

Sembcorp Industries has been of buzz recently as we saw it started to move from the $2.80 level from October onwards. SCI announced the acquisition of 830MW of renewable assets in China through a joint venture with SPIC. With every acquisition, it will come with some fear of fund raising as the company will need funds to proceed with the take over. The good thing is that management ruled out equity fund raising to finance these acquisitions which gave some boost to the share price.

With acquiring of Xingling New energy, this will help with SCI’s earnings in the future but all these will take time for the share price to reflect these earnings.

For a more shorter term outlook, we have actually alerted our clients twice over the last month when Sembcorp Industries was just trading at $2.88.

Sembcorp Industries has been very good to us as each time we sent an alert for it, we have hit the upside targets resulting in another profitable trade.

Our recent trade alert just sent out yesterday saw our upside target being hit in just one day! Sembcorp Industries displays a very nice trend and if you are able to catch it, you will be rewarded greatly!

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Kelwin & Roy

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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Are Electronics Stocks Rebounding?

Kelwin & Roy AEM , , , , , , ,
23rd March, 2022, 6:23 PM

Are Electronics Stocks Rebounding?

As market continue to roar back our local electronic stocks are looking back in play too.

These are four of the electronic stock that we’re looking at and one of it has already hit our first target.

UMS has built a nice base around the $1.10 level  and has seen a nice rebound. Current resistance at $1.22 which might see it break above in the coming days as momentum continues to build. There are some levels which we have drawn for the upside resistance!

 

AEM actually formed a double bottom around 4th march but due to the war in Ukraine and the rise in interest rates, we decided to hold back as there could have been more downside for AEM. But news of Temasek Holdings increasing their stake in AEM saw a gap up which we didn’t chase it. It crossed the 20ema which was a positive sign but as we were having a few more counters on hand, we gave this a missed! AEM does look like it has more room on the upside to that downtrend we drew and maybe even to $4.89. Volume is increasing which could help drive the momentum up.

 

Frencken hasn’t moved much and we’re looking at it with interest. =) Volume increased with a small bar! Watching out tomorrow.

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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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First Resources – [ Commodities Boom, First Thing To Do Now]

Kelwin & Roy First Resources , , , ,
3rd March, 2022, 7:23 PM

First Resources – [ Commodities Boom, First Thing To Do Now]

Chart Source: AdvisorX 3rd march 2022

As the commodity boom continues, palm counters counters continue their rally. Due to the fighting in Ukraine, this has given the rally more legs as disruption, shortages and sanctions send prices rocketing. As prices move up and traders get excited, there is one thing to do before entering a trade.

Don’t get carried away with soaring prices and chase without any trade plan. It is always very dangerous to just  enter a trade purely on momentum and without any proper entry and stop loss as profit taking could happen any time.

Remember to look out for potential support and resistance and not to enter at the resistance without realizing it. We have drawn some of the support and resistance for first resources but of course if you’re like our clients who have been informed 2 weeks ago when First Resources was at $1.68 then this might be a place to take some profit.

First Resources has hit multiple upside targets moving up 20% which is very good in our view. So taking some profit now would probably be a wise thing. As the commodities continue to move up in the long run, remember to define your time horizonal.

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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.

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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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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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UMS – [ Why We Did This Yesterday Only After Results ]

Kelwin & Roy UMS , , , , , , ,
16th November, 2021, 7:25 PM

UMS – [ Why We Did This Yesterday Only After Results ]

UMS just reported its results last Friday with an earnings of $15.1 million for 3QFY2021, up 17% y-o-y. For the nine months, earnings shot up by 43% y-o-y to $50.4 million to a record while revenue was up 53% y-o-y to $184 million.

The record numbers came from the strong growth in the global semiconductor industry.

After looking at the results, we decided to alert our EXCLUSIVE CLIENTS on this trade as we saw that UMS might have the potential to break that $1.42 horizontal resistance. Why didn’t we alert them earlier? The reason to this is simple, we don’t like TRADING over results as results could swing any way and also depends on how analyst see it, their forward statement which is too much to anticipate. But for investors it would be a different story. We hold until the fundamentals changes.

We have seen far too many stocks gapping down after results not matching up and traders getting stuck. We like to err on the side caution and wait for results to see if momentum continues. Don’t forget, UMS ran up before results and if results didn’t meet expectations…then bye bye. If you trade the US markets, you know how brutal it can be if results misses expectation, a drop of 20-30% is possible.

As UMS was consolidating for awhile, and a break above that $1.42 might spark a new wave up, so that  was one rationale on alerting our clients. Also, it reported a good set of results. We’re glad it has hit our first upside target of $1.48 and now we got a nice margin of safety.

UMS 16th Nov 2021

Chart Source: AdvisorXs 16th Nov 2021

From the chart above, we might see UMS move higher even to that upper channel of around $1.70. Of course, it won’t move in a straight line. =).

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