ISOTeam At 4-Year Low Despite Record Order book

ISOTeam (ISO) caught my attention. Despite sitting on a record order book, ISO has tumbled approximately 44 percent from an intra-day high of $0.385 on 10 April 2018 to close near a four year low at around $0.215 on 10 January 2019. The share price decline was attributable in part to its 4Q18 surprise loss announced in August 2018 (financial year ends in June-2018). Nevertheless, my gut feel is that 4Q18 should mark the trough in earnings and results should improve on a quarter on quarter basis in the next few quarters.
bear contemplating

Is a bear market coming?

US equity markets have logged their worst weekly performance in the past six months. For our local market, STI has dropped 16.7 percent from an intra-day high of 3,642 on 2 May 2018 to an intra-day low of 3,035 on 11 October 2018. It closed at 3,069 on 12 October 2018.

Time To Switch To Underperforming Markets?

S&P500, Nasdaq and Russell 2000 hit records last Friday with S&P500 closing at 2,875. However, our STI has dropped 11.8 percent after hitting a decade high of 3,642 on 2 May 2018. Hang Seng has also tumbled 17.4 percent after hitting a high of 33,484 on 29 January 2018.

Moya Holdings Asia’s Major Shareholders Raise Stakes

On 6 July and 9 July, there were separate announcements on SGX that Tamaris Infrastructure (Salim-controlled vehicle and major shareholder) and Gateway have raised their stake in Moya Holdings Asia (Moya). What is so interesting about this?

Straits Times Index – Looming Correction Or Buying Opportunity?

With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that time that I have started to sell into strength, as I am cautious on the overall market. I updated on 30 May 2018 (click HERE) that STI is likely to trade sideways with downward bias. Separately, my clients would have been notified on 12 June 2018 morning that I have already reduced my percentage invested to approximately 40% as I believe market is likely to trend downwards in the next couple of weeks.

STI Slumps, What Next?

With reference to my market outlook HERE posted on 11 May 2018, I mentioned at that I had sold into strength, as I was cautious about the overall market. Clients would have been aware / notified that I had already reduced my percentage invested to less than 60 percent.

STI Notched A 10-Year High – Time To Buy SG stocks?

Dow has logged a seventh consecutive rise and small caps as measured by S&P600 index have just closed at a record high as of 11 May 2018. Our Singapore market has also done us proud by becoming Asia’s best-performing equity market on 2 May 2018, after rising to a 10-year high since the financial crisis of 2008. In view of the above, is it a screaming buy for our Singapore market, especially for small caps which have underperformed?