sti component stocks

Wilmar – Palm Oil Stocks Are Down

Kelwin & Roy Wilmar , , , , , , , , , ,
29th May, 2017, 11:52 PM

Wilmar – Palm Oil Stocks Are DownWilmar

Wilmar is a palm oil stock that we’re looking at. Palm oil related stocks had some downside today. Stocks like First Res, golden agri and indoagri.

Wilmar tested its 3.60 horizontal support and recovered slightly. We’ll be watching it to see if 3.60 breaks in the coming days in order to consider a short. We’ll be using Poems CFD to open our short position as we would want to swing it down to 3.48 and then 3.43 if possible. Our stop loss would be at 3.69.

Yours

Humbly

Kelwin&Roy

Keppel Corp – More Upside Possible

Kelwin & Roy Keppel Corp , , , , , , , , ,
8th May, 2017, 11:09 PM

Keppel Corp – More Upside PossibleKC

Keppel Corp has built a small base around the 6.47 area and started moving up. It moved up to its 20 days moving average and got resisted but we feel that there might be more upside possibility if this clears.

Keppel Corp could move up to its 50 days where the downtrend line is also. 6.8 is also the horizontal resistance. So if it reaches there then we’ll see how strong the movement could be and if its possible to break those lines.

Our stop loss could be at 6.46

Yours

Humbly

Kelwin&Roy

 

STI – Broken Below the 20 Days Moving Average

Kelwin & Roy STI, Straits times index , , , , , , , , ,
22nd March, 2017, 10:50 PM

STI – Broken Below the 20 Days Moving Average

The STI or straits times index has caught our attention because it has finally closed below the 20 days moving average.

From the chart we can see that the STI has stayed above the 20 days moving average for the last 3 months and even when it tried to break down it managed to rebound from it. But for today things look a little different. STI has finally closed below the 20MA hence we should take note of it.

It also coincides with our uptrend line and the horizontal support lines. With that we might be looking at further downside if those support breaks. The STI component stocks or blue chips would be the one leading the STI downwards so one can either short the STI or look for the component stocks to short.

We’re looking at the next support of around 3076 and will update further according to market condition. We’ll use poems CFD to short the straits time index.

Yours

Humbly

Kelwin&Roy

Keppel Corp – Down To Our Target, Rebound Next?

Kelwin & Roy Keppel Corp , , , , , , , , ,
16th March, 2017, 12:57 AM

Keppel Corp –  Down To Our Target, Rebound Next?Keppel Corp

Keppel Corp has been down for the last two weeks since we were blogged it .It was at $7.22 when we mentioned that it was a little high and needed to pull back. It has now reached our lower uptrend line and looks supported.

We’re hoping for it to have some rebound from here and if it doesn’t it could signal more downside .

Our upside entry would be at current spot price of around 6.65 with a stop loss of 6.53-6.55. Our first upside target might be 6.85

Some factors to take note would be oil prices. Oil has been falling for the last week and if it continues to fall then Keppel Corp might be dragged down.  The next factor would be the interest rate decision but more importantly janet yellen’s tone and speech going forward. The number of times interest rate will hike also will play a role.

So if our support breaks we might be prepared to go the other way.

Yours

Humbly

Kelwin&Roy

Property Cooling Measures Tweaked – What Shall We Do Next?

Kelwin & Roy Capitaland, Chip Eng Seng, Guocoland, Property Cooling Measures Tweaked, Wing Tai , , , , , , , , ,
12th March, 2017, 12:00 AM

Property Cooling Measures Tweaked – What Shall We Do Next?

On Friday just before noon, Singapore government announced some targeted tweaks to the property market cooling measures.

These are some of the main ones:

A reduction of existing  Seller’s Stamp Duty (SSD) rates for residential properties

  • Changes will see the SSD holding period cut from four years to three years
  • SSD rates will also be lowered by four percentage points for each tier
  • The rates apply to all homes bought on or after March 11

Current framework for the Total Debt Servicing Ratio (TDSR) will be relaxed. The 60% TDSR threshold will no longer apply to mortgage equity withdrawal loans with loan-tovalue ratios of 50% and below.

A new stamp Duty called the Additional Conveyance Duties (ACD) was introduced.

More of the tweaked cooling measures can be read here .

When the news was announced , you can just imagine what happened to our property counters in Singapore.

The FTSE ST Real Estate Holding and Development Index was up 2.5 per cent to 827.74 at 1.50pm.

CapitaLand jumped as much as 6.2 per cent to a high of S$3.79 each before closing at S$3.70, or a 3.6 per cent gain on the day.

City Developments shares soared to a high of S$10.59, or a 10.2 per cent rise, before ending with a 5.6 per cent gain at S$10.15.

Wing Tai was up 8.8 per cent to S$1.96 before closing at $1.935

It was a crazy afternoon instead and if you chased property counters immediately you would have some decent returns . We’ll just cover some counters over here and see how it plays out on monday.  News is out and now people are taking time to understand how much impact would this easing really be and could there be more easing coming along? Has the market overreacted on friday?  Did our property counters run before even the news came out?

We’ll take a look at a few charts and let you decide.

Capitaland 

cland

Capitaland resistance can be seen at 3.69-3.71 . If that breaks we could see potential upside to 3.90 . The swings could be wild as traders might be taking profit for those who bought earlier. Support or stop loss : 3.66 or 3.52

Wing Tai 

Wingtai

Wing tai surged a lot too and reached resistance too. Resistance at 1.935 then 1.96. If those break we might see $2 or even $2.06. The support would be 1.86 or the resistance turn support of 1.935. Always remember your stop loss.

Chip Eng Seng

CES

Chip Eng Seng closed above its previous day high of 0.745. If it manage to stay above that next potential target could be 0.765 then 0.78. The support is at 0.73.

Guocoland 

Guoc

Guocoland at least managed to break above it’s mid term downtrend line but couldn’t close above it horizontal resistance of 1.90. A close above that might see it move to 1.945 and if momentum continues could see it cover gap to 1.985. Support or stop loss would be 1.865.

Do remember your risk and comfort level in chasing or even shorting on monday. For those who prefer a little less volatility you could wait for the dust to settle before deciding on a direction .

Yours

Humbly

Kelwin&Roy

Noble – Rising Volume

Kelwin & Roy Noble Group , , , , , , ,
5th February, 2017, 10:28 PM

noble

Noble group a well traded stock in the singapore market saw a bit of interest on friday

We’re keeping a close eye on noble group as there was an increased in volume on friday as it tried to rally to the uptrend line. As you can see from the chart, it’s trying to break above the uptrend line but closed just nice at it . It is also at the horizontal resistance of 0.175. Furthermore it is also testing the downtrend line so a break above and staying above 0.175 might see some upside to 0.183 and to 0.186 if possible.

Our entry might be 0.176 and stop loss at 0.168. Risk reward is good we feel. Noble might be reporting their results around 22nd-24th feb. So do take note of that.

Yours

Humbly

Kelwin&Roy

DBS

Kelwin & Roy dbs , , ,
10th January, 2017, 4:01 PM
DBS Jan 2017
DBS Jan 2017

STI surged past 3000 and might be heading to 3050 area before being resisted. With that banks also might have a surge up too. We’re looking at DBS. It’s currently close to $18 a round number resistance. If market continue it runs $18 could be taken out and DBS might retest its previous  high of $18.40

We would consider entry at 18.01 with a stop loss of $17.70

Yours

Humbly