Singtel - Z74 - is the worst priced in?From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note:
1. Dividend Yield as on date : 5.8%
2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about this.
3. Will it continue to pay dividends : History states it will. Remember as a GLC , its one of the revenue sources to shareholders.
I am not putting any SL on this.
As such, there is no reason not buy/invest in it when the banks only pay 0.1% on your savings.
SIA - airlines on the recoveryAfter lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for a possible eventual target of 5.00.
I'll place an initial stop loss @ 3.74 as I do not expect this gap to be closed.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Is a successful vaccine a killer for Gloves stock ?Possibly. We are at the final stage of the vaccine development and it is just a matter of time which company would confirm on the dates. Once confirmed, we are talking about the logistical aspect of distributing it worldwide.
When that happens, would the gloves manufacturers still be in demand as before ? I believe sales may taper down slowly as many countries are still not out of the woods and safety precautions will still be needed somehow.
Distribution of vaccines is going to take time, leaving pockets of opportunities as well. The need for hygiene in sectors like Catering, F&B, airlines, etc would increase and gloves in these sectors may increase to compensate for the declining ones.
Chart wise, can wait for the breakout to take place first. It can go either way, so be patient.
Bullish Expectations: Broke out of Trading Range (JAC)Sembcorp Ind (U96) traded above its consolidation range (JAC) today.
A summarized analysis, we noted that supply has been weak throughout the 21 days range. We also noted that an early spring on 29 Sept.
On the other hand, demand returned near to the end of the range, with Sign of Strength (12 Oct) and JAC today (15 Oct).
Here's our plan:
Entry: On Open
Target Price: S$1.55- S$1.60
Stop Price at S$1.31 (Below HVN Level)
Trading Stop: 7D SMA
Fundamentally, company may be expecting more solar related projects.
DBS: Triple Tops or Bullish Triangle Breakout?SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout.
Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it.
As at today there is no LL yet and overall still Buyer in control.
Here is my personal call:
Buy Stop at $21.65
Stop Loss at $21.30
Take Profit at $23.00
Risk Reward Ratio = 3.97R
Potentially, you can buy yourself an iPhone 12 Pro Max 512Gb by end of the year, if you place 1 lot on DBS. Good Luck!
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Citydev Range Trading From technical point of view, should see price consolidation between $6.80 - $7.10.
Look to trade within the range.
Long on valuation perspective
1) Sell off due to Director resign on disagreement over Sincere Property Group & Millennium & Copthorne Hotels
2) Concern not new, review from External Financial Advisor might help to ease concern
3) Based on 1H20, Cash holding at SGD 2,392,024,000 ( Cash per share S$2.63)
4) NAV @ $11.66/ share
YZJ Long1) Price reject MA200 on the 4hour chart
2) MACD bullish crossover from the oversold region
3) RSI attempt to breakout 50
4) Fundamentally, trading at attractive valuation
- Strong net cash of RMB 4.4 Bil (S$0.22 per shares)
- Annually dividend estimate 4.3% (annually in May)
- P/B 0.633
- P/E 7.6 x
5) Coming up results on 4 Nov
Accumulate bet 0.95 - 0.97