Chart[27] - Courts Asia

Chart on top shows the counter performance in past two years. It fell from 0.6 to 0.32 on 2015. After 10 months of consolidation between 0.32 to 0.4, it broke up to 0.43. Looking at bottom chart, the company actually aggressively bought back shares since February 2016. Even at current price which is 30% up from last February, buying back activities is still undergoing. Latest financial result saw its net profit jumping 50% year on year and book value hit 0.57. It well explained the company buying back till 0.42 which is 25% discount to book value. It might not be surprise shall the counter hitting 0.6 (2014 peak) again.

Chart[26] - Yuuzo

Since early August, buying interest has been gathering in the counter. Last trading day saw its price breaking resistance 0.168 with significant volume. Next trading zone could be 0.168 to 0.183. 

Chart[25] - SingMedical

Accumulation activities seems continuing on the counter. Last trading day saw price up 8% with significant volume. Current price is consolidating within 0.3 to 0.34. It would be interesting to see whether buyer could pull it from the narrow zone for next record high over past five years.

*** Note: Same counter has been mentioned in Chart[24] @ 2016 ***

Chart[24] - Small counters with big interests

Significant buying volume was seen in following counters. Trader could take position for next potential push from hidden buyers.

Avi-Tech

Fu Yu

Singmedical

Chart[23] - Cogent

The counter saw surging volume on last few trading days. A triple top break up at 0.705 with significant transaction volume. Looking backwards, similar break up happened at 0.535 on May, 0.58 on early July and 0.66 on late July. The counter could be heading next record high in continuation of current uptrend.

Chart[22] - Dutech

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.

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

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

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.