The counter saw heavy buying volume twice. First happened on Jun (upon latest result being announced), and second on last week. Price broke up from resistance, 0.49. Next resistance is 0.595 which is its debut price in SGX on 2007. Current trend looks bullish, except significant selling pressure appears.
Sunday, August 21, 2016
Sunday, August 7, 2016
Chart[21] - Counters hitting Support
DBS will announce latest result on tomorrow (8 Aug). Following its involvement in Swiber saga, the result could draw more attention from market. It would be interesting to see whether support 14.6 can persist. The counter shall issue dividend at same time as well
Recent downfall of crude oil induced selling pressure on Keppel Co. Price might have found support between 5 to 5.2, shall oil price stabilize. It ever fall to 4.8 when oil plunged to USD26
Singpost latest results saw rising operational expense as well as financial cost during its transition period towards regional eCommerce player. Recent downfall paused at support, 1.42. Market could be waiting for more details about its joint venture plan with Alibaba and dividend policy in future.
OCBC price falling upon dividend expiry date unsurprisingly. Current price is hovering above support, 8.25, which is slightly above its book value, 8.19. It also represent dividend yield ~ 4.3
Singpost latest results saw rising operational expense as well as financial cost during its transition period towards regional eCommerce player. Recent downfall paused at support, 1.42. Market could be waiting for more details about its joint venture plan with Alibaba and dividend policy in future.
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