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.

Chart[20] - First Resources

The counter exceeded 1.595 last Thursday, thus past resistance changed into support. EMA10 is pointing upwards meantime. Last trading day saw the price retreating to 1.615. Shall support, 1.565 persists, price could edge up to next resistance ~ 1.745.

Chart[19] - HongKong Land USD

6.52 served to be strong resistance for the counter since early 2016. Last Thursday saw its price break up from the barrier. Price rested ~ 6.52 on last trading day. Shall this newly formed support persist, up trend could be forming with immediate resistance at  7.11. Current price translates to dividend yield ~ 3%. If price fall below again 6.52 again, the break up would be a false alarm.

Chart[18] - Ying Li

Last Friday, Singapore and Chongqing financial institutions signed 28 agreements. Transactions valued at more than US$1.6b are expected to be realized. As a developer in Chongqing, its shares price up 3% with significant volume on the same day. Prices trend has been consolidated within a consolidation zone (as highlighted in daily chart below) since last February. Current momentum tends to break up from the converging channel. 

Shall it break up, immediate resistance is 0.149, followed by strong resistance ~ 0.198 as shown in weekly chart below.

Chart[17] - Counters hitting resistance

DBS: The counter closed at 16.12, which was marginally above past 6 months resistance ~16.02. Shall it be broken, next resistance line could be 16.8. Historically, the counter used to enter CD (cum-dividend period) by mid August. Fundamentally, current price is still attractive as well below book value. Technically, potential break up from resistance might be forming.

OCBC: The counter is hovering around its 3 months resistance ~ 8.94. Coming CD period supposed to be by August. Major concern are non performing loan as well as earning contributed from Great Eastern (which dragged down overall profit last quarter) on coming report. Historically, EX (exclusive-dividend) period on Aug used to be bargain hunting window for the counter.

ST Engineering: The counter has never broken 3.46 since Jun 2016. Recent bull run was mainly due to rising risk appetite among investors globally. It would be interesting to see whether the one year resistance could be exceeded. Similarly, August would be dividend period from the counter, and price used to fall on EX date.

Chart[16] - Global Investment

The counter saw significant buying volume on last trading day (first chart in below). By zooming out on weekly chart (second in below), the rising momentum has been gathering pace since early July. Last trading price paused at 0.138 which was also the resistance since last September. Shall it be broken with convincing volume, trader could look forward to target price at 0.15. Interesting the current price translates to dividend yield ~10%. Next dividend issue period used to fall on August. Investors could be positioning for the high yield return in advance.