By now most of us would have heard or seen news about the Dow Jones correction last week, and one that affects major markets including STI. No one can predict what will happen to the market next, but out of curiosity, I noticed that these 2 counters (may have more) reacted 3 days before the correction. They may be more sensitive than the rest of the counters to what's happening, it is interesting but I am not sure if there is any correlation of any sort. Just for fun.
It may be interesting to watch these 2 counters next as it may be a leading indicator which one can use for the local market.
Sunday, 14 October 2018
Tuesday, 1 May 2018
A quick look at HongKongLand
Everyone loves to buy winning stocks and for the past year, the local banking stocks have been in the limelight due to being able to benefit most from the rising interest rates. To make money in the stock market, it is not to follow where most of the crowd go, it is to identify the un-loved counters. Congrates to those who have taken the lonely journey and invest in Comfortdelgro, SingTel and SPH the past few months, you may refer to my posts on those counters.
One of the counter which caught my eye was HongKong Land, however, the not so nice about this counter is that it is not suitable for dividend play.
One of the counter which caught my eye was HongKong Land, however, the not so nice about this counter is that it is not suitable for dividend play.
Saturday, 14 April 2018
A quick look at Perennial Holdings
In the recent months, there has been a number of share buyback for this counter and thus it got me interested to "dig" further. This counter does not fall under my normal selection as it does not meet my requirements, and certainly, it is not an income stock either as the dividend is not attractive. This counter falls into my short to medium term bucket for capital gain, which also means that I will cut loss if it goes the opposite direction.
Investors who invested in this counter must have been disappointed, as shown in the chart below that it corrected from the high, and has been in the support region since 2015. The counter has also tested key support 3 times, and yesterday it managed to break out of the downward trend and resistance.
Let's look at the TA.
Investors who invested in this counter must have been disappointed, as shown in the chart below that it corrected from the high, and has been in the support region since 2015. The counter has also tested key support 3 times, and yesterday it managed to break out of the downward trend and resistance.
Let's look at the TA.
Friday, 30 March 2018
A quick look at SPH
This is one of the counter that is not loved by investors, and this can be seen since 2016 when the share price started to correct. Many reasons have been shared by fellow bloggers on the corrections, and one of the main reason is the disruption that it faced against it's print business. However, SPH is aware of those disruptions and have started taking initiatives to counter them. Time is needed for the organisation to turn around and time is also needed for that to be reflected in the share price.
At this price, is it attractive enough for investors to take some position first?
At this price, is it attractive enough for investors to take some position first?
Tuesday, 20 February 2018
A quick look at Sarine Tech
Diamonds are women best friends, it will also become men's best friend too if it is able to generate returns for them. At the current price, it is about 5% yield. Is this good enough for you?
Wednesday, 14 February 2018
A quick look at Singtel
Updated 17/3/2018
Since my last post, I have been monitoring this counter. Just early this week, the opportunity came with the strong support at $3.34 formed. From the chart, it has tested this price range twice, thus forming a strong support. This counter has corrected for sometime, and has finally found strong support at this level.
If it breaks this support level, then we will be looking at the next level of support. Do not rush in as there is also a strong resistance at around $3.65 range. (Vested)
Since my last post, I have been monitoring this counter. Just early this week, the opportunity came with the strong support at $3.34 formed. From the chart, it has tested this price range twice, thus forming a strong support. This counter has corrected for sometime, and has finally found strong support at this level.
If it breaks this support level, then we will be looking at the next level of support. Do not rush in as there is also a strong resistance at around $3.65 range. (Vested)
Saturday, 3 February 2018
Recent actions from these 2 markets(Dbs, ABC, Comfortdelgro)
We are into the 2nd month of the new year, there is no change in my strategy, still very much using Prof Joel GreenBlatt's magic formulae. I have taken less position in SG market and moved more into the Chinese market. As US is becoming more inwards, China is taking advantage of this to expand and fill these gaps. In the long run, my view is that this will be positive and will benefit the Chinese market. One can invest through the A50 or CSI300 ETF.
For the SG market, I have taken profit on my DBS counter. As per my earlier post, this has been one of my best performing counter due to the recent rally.
For the Chinese market, I bought into Agricultural Bank of China (ABC) last month as the PE is low compared to the local banks. It was kind of disappointing when the rally happened so fast and the price spike up too high and within short span of a month. I decided to take profit.
For the SG market, I have taken profit on my DBS counter. As per my earlier post, this has been one of my best performing counter due to the recent rally.
For the Chinese market, I bought into Agricultural Bank of China (ABC) last month as the PE is low compared to the local banks. It was kind of disappointing when the rally happened so fast and the price spike up too high and within short span of a month. I decided to take profit.
One of the stock which I found attractive and cannot resist(in the local market) but to take a position is comfortdelgro. I have read few blog posts on avoiding this counter, I respect their point of view. However, market is inefficient, thus the beauty.
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