A look at SGX stocks

I have been very busy with Life, so havent been tracking the SGX stocks. But the stock market moves in a crawl anyway.

In a previous post in september, I blogged about SUPER and how it technically looks like it was breaking out. Well, we all know why now.

Anyway, if it succeeds that means that my plans for having some beverage company shares just went down the pipe. So now that I finally have got some time, I'm looking at some stocks that are on my radar in terms of price and technicals.

Dairy Farm

 

Dairy Farm is in channel resistance and may well go back to test $6.20, where a good buy will be.

HongLeong Asia

This is a new stock I'm interested in. Price has been in a consolidation for a long time and nearing the bottom of the range. The next move will be within a month if the TL is to be respected or broken.

Some facts about HL Asia.



Hong Leong Finance

 

Not to be confused with the above company, this share has been in a down channel. The inverted head and shoulders pattern is too long on the right shoulder and should be a continuation pattern. $2.01 is a good price to enter.

Lippo Malls

 

Lippo Malls Tr now on the support of a upward channel. May be a good price to entire considering the long wick at the bottom of the channel signalling strong buyer interest.

 

 

 

OCBC bank

 

Has broken out of the triangle and now at resistance. Price probably targets the yellow resistance

 

 

 OUE

OUE has broken out of the downward channel and at the resistance now. Targets $2.0.


QAF

 

This is one stock that splits its investor's faces into grins. Price has run higher than I initially thought. Nevertheless, I think $1.10 is still a good buy when it comes down. Be wary of buying in at current price, as shown on the chart.

 

 

SATS



SATS price is still hanging around. Support is $4.50.

 Singapura finance

 

This share is still hanging out at the bottom. So risk is a drop to 0.65 or even towards, 0.58.

 

 

Thai Beverage

If you think that beer is going to sell like me, you'll be interested in this stock. 0.81 will be ideal, but i might nibble here as it is near short term channel support.


Wingtai

 

Wingtai at $1.4 will be a good buy. This stock may be hit next year due to recession that may happen.



Personal Finance Ideas

For 10 years, I admit, I have been paying into an ILP. At first, it is because I have no understanding of the financial market, and thought I did.

I recently stopped my ILP, just last year, in fact. I also stopped my investment into a fund portfolio by AVIVA.

Why?

Simply because I realised that the rewards of putting money into the funds have strangely under-weighted the risks. Or rather, I lost money over the 10 years, instead of gaining it.

Much of it went by the way of fees, I think. I took up a term insurance instead of the ILP and covered myself for a higher amount with the same cost. I also got a early critical care insurance instead of the critical care insurance that allows me to claim if I have stage 1 critical illness for treatment instead of having to wait for the doctor to pronounce that I have x months left to live.

Incidently, I also got it from another agent that critical care insurance, and life insurance will be paid out the moment your doctor pronounce your impending death, so there really is no difference.

For a read on ILP, you can refer to the link on Money Sense
5-reasons-why-singaporeans-still-continue-buying-ilps-today

Another interesting and fun product I was introduced with was from another insurance policy, where you get a one off top up of 50% of what cash you put into your account, but have to commit to 30 years of paying in.

The agent claims to have a 65% return on the product after 6 years, and of course his client is very happy, until you realise that it includes the 50% top up that was done. So it was really 15% return over 5 years in the booming days of 1998 - 2014, which works out to be 3% that a very safe fixed deposit with the insurance company will pay you anyway.

Ever since 10 years ago, I started out really being very interested with investing and building a retirement sum for my nest egg. I tried my hands at various things, stocks, MLM, ILPs, managed Fund portfolios, And I will say that I have generally lost money.

It is the case of not knowing enough.

I also started studying how to trade using technicals and understanding financial jargon, as well as practicing personal finance prudence.

I read blogs, and books. Attended lessons and webcasts. So I find myself getting more and more familiar and realise that the only way for you to reach your goals is to find your way.

Of course there is a few misses that happen along the journey, and we all get back with experience and hopefully, learn from our mistakes.

A few issues online about investing in bonds catches my interest.
There are a lot of people who do not realise that bonds are a lot like stocks, they can be traded, there is a price, a commission and a spread.

It also has risk in it and though not as volatile as the stock market, you must understand that once the company keels, everything goes. As a retail investor, you are right at the bottom of the food chain, you might as well be the producer, where you take all the risk with nothing to gain. The first lenders usually gets the money repaid first, if there are any.

Some good reads:
why-20-something-singaporeans-shouldnt-invest-all-their-money-in-bonds

There are also new platforms I am looking at, such as P2P lending, the sums are low and we can get better returns than normal. But it much more difficult to evaluate if the business will go well. Remember these people do not qualify for the stringent bank loans, they cannot even go to credit companies, that's why they are now looking for you.

In bad times, there is a greater possibility of default, also we have to see if the proposed usage of the funds are feasible. If it is not, it will fail and you will lose your money, even putting it in a 0% account is better than losing your principal.

is-your-p2p-platforms-interests-aligned-with-yours

There are so many things to share, and I will have to end it here. Till next time.

AUDUSD

AUDUSD at rsistance now. The TL is long term, a break above 0.77, will give this currency a reversal.

SGDMYR, SGDCNY up or Down?

SGDMYR has been in a down channel on a longer term uptrend.

The currency has been weakening against the SGD for more than a year now and seems to be capped by $3.00.

Support is now at 2.9 - 2.8 and resistance at the top of the channel at 3.30 is the 1.618 extension of the move from the channel bottom.


SGDMYR


SGDCNY

SGDCNY, with the PRC weakening their currency recently after inclusion in to the World's reserve currency basket, the currency has been on the move.

A look at ThaiBev and SATS

 

 

 

SATS looks like support will come in $4.45.

 

It looks as if it just completed an ABCD extension. So could retrace back a little.

 

Thai Bev, has hit the top of some linear regression lines + 1.618% extension of the price between 0.43-0.80. A drop to $0.86 is 50% retracement if that is the high.

A look at singapore stocks and the STI

Let's start with a look at the STI.

With Yellen signalling a rate hike in december and the US presidential election, BREXIT etc. the World is just so filled with news and anxiety everyday. Well, Life goes on and we can only look out for changes in the market and take note of the companies that we are interested in.

The STI has been in a range since march and is now at the mid-range of the march-september range of 2.78-3.00. Still looking for direction, maybe from today's US NFP.

 

Diary farm now trading at the top of the channel, I think any dip to $6.3 will be of interest. My entry is around there also since I first blogged about this.

 

 

 

 

Great Eastern. I will only look at it when it reaches $16. As an insurer, I think we can look at them when the price is right, just because Asians are naturally fearful of the unknown and will probably continue to over insure themselves.

 

 

QAF, another stock I am vested in. price is still in a uptrend range. I am long $1.05+? price target is $1.35 top of the range, and support probably at 1.09 the next time it reaches channel support.

 

 

Another stock I am interested in is Super group, price has been in consolidation for a year and now is touching the TL resistance.

 

Singapura Finance, is another stock I just got vested in at $0.87. This is a growth play.

eurgbp

EURGBP is in a triangle and close to the apex. A breakout will be huge above 0.8420. support is 0.8360.