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.
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.
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?
Sunningdale Tech (Sunningdale) has plunged 46 percent in less than half a year, from an intraday high of $2.40 on 6 November 2017 to close $1.30 on 30 April 2018. What happened? Is Sunningdale a “goner”?
Do you know that Oxley Holdings (Oxley) has the largest residential land bank in Singapore by number of dwelling units, based on an article in the Business Times dated 23 January 2018?
Based on a simple tracking of DBS' share price performance from CD to XD, on average, DBS seems to have moved approximately 4 to 9 percent above its CD price, nearer to XD (translating to around $27.86-29.13). See Table 1 below. DBS is going to XD $1.10 on 3 May.
Previously, I mentioned in my write-up (21 March) that I am avoiding the event risk of the US tariff package against China (click HERE). This proves timely as S&P500 fell 129 points, or 4.7 percent from 2,717 on 20 March 2018 to close 2,588 on 23 March 2018.
Koda has dropped 43 percent from the high of $1.095 on 31 October 2017, to close $0.625 on 16 March 2018. Has Koda’s fundamentals deteriorate since October 2017 to warrant such a massive price decline?
Thai Beverage Public Company (ThaiBev) has dropped 12 percent from an intraday high of $0.920 on 14 February 2018 (before the results) to $0.810 on 23 February 2018. At $0.810, this was the lowest last seen on 13 May 2016. Will it go lower?
Last week, all three U.S. major indices (i.e. Dow Jones Industrial Average, S&P500 and Nasdaq Composite) have registered their best weekly performance in years.