Author Topic: Casino Stocks  (Read 726646 times)

Offline zuolun

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Re: Casino Stocks
« Reply #1850 on: March 17, 2020, 02:12:04 PM »
红蜻蜓
https://www.youtube.com/watch?v=XZOgFCBt8mE

ESR-Reit ~ Bearish Double Top Breakout, interim S$0.31

ESR-Reit closed with a black marubozu @ S$0.36 (-0.055,-13.3%) with high volume done at 25.1m shares on 16 Mar 2020.

Immediate support @ S$0.345, immediate resistance @ S$0.415.



Note:
  • ESR REIT has a debt-to-asset ratio of 42%. This is just a whisker away from the 45% regulatory ceiling imposed on REITs in Singapore.
  • ESR-REIT has a P/B ratio of 1.11 and a trailing distribution yield of 6.4%.
ESR-Reit ~ Trading in an upward sloping channel

ESR-Reit closed with a doji @ S$0.51 (+0.005,+-1%) with 10.9m shares on 30 Aug 2019.

Immediate support @ S$0.50, immediate resistance @ S$0.525.



ESR-Reit ~ Trading in an upward sloping channel

ESR-Reit gapped down and closed with a spinning top @ S$0.53 (-0.035, -6.2%) with extremely high volume done at 53.8m shares on 18 Jun 2019.

Immediate support @ S$0.515, immediate resistance @ S$0.54.



Offline zuolun

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Re: Casino Stocks
« Reply #1851 on: March 17, 2020, 02:48:16 PM »
「天要下雨,娘要嫁人」
https://baike.baidu.com/item/%E5%A4%A9%E8%A6%81%E4%B8%8B%E9%9B%A8%E5%A8%98%E8%A6%81%E5%AB%81%E4%BA%BA

Centurion ~ Bearish Tower Top Breakout, interim TP S$0.35

Centurion closed with a spinning top unchanged @ S$0.395 with 650,000 shares done on 16 Mar 2020.

Immediate support @ S$0.38, immediate resistance @ S$0.405.



苏小妹:

“垃圾股”比“老千股”还高一级。因为垃圾被回收、再生后,还能卖钱。

另外还有一种股叫「吹水」股票。Centurion,Ekovest 和 ISDN;都是属于「吹水」股票。(TCSS only, no-make-money stocks)


吹水
https://baike.baidu.com/item/%E5%90%B9%E6%B0%B4
吹水是粤语俗语之一,是指闲聊,聊天的意思,可以理解为侃侃而谈之意,形象地表现了口水花四喷的情景。 和吹牛不同,吹水基本不含感情色彩,可以说是联络感情、交流思想的渠道,比聊天一词又更市井、更亲切一点。 香港人叫“打牙较”。 所谓“吹水”,粤语俗语之一,大致可以理解为侃侃而谈之意,形象地表现了口水花四喷的情景。

ISDN: So it has 10,000+ customers, now to gain more wallet share ~ 21 Nov 2019
https://www.nextinsight.net/story-archive-mainmenu-60/942-2019/13190-isdn-5-takeaways-from-3q19-results-briefing

Centurion ~ Trading in an intermediate upward sloping channel, critical support @ S$0.38

Centurion closed with a hanging man @ S$0.44 (-0.005, -1.1%) with 330,000 shares done on 6 Dec 2019.

Immediate support @ S$0.435, immediate resistance @ S$0.45.


Offline zuolun

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Re: Casino Stocks
« Reply #1852 on: March 18, 2020, 10:48:39 AM »
Sarine Tech ~ Bearish Double Top Breakout, interim TP S$0.178

Sarine Tech closed with a gravestone doji @ S$0.199 (-0.011, -5.2%) with 1.53m shares done on 17 Mar 2020.

Immediate support @ S$0.196, immediate resistance @ S$0.225.



Sarine Tech ~ Trading in a rectangle

Sarine Tech closed with a spinning top @ S$0.325 (-0.005, -1.5%) with 1.08m shares done on 31 Jan 2020.

Immediate support @ S$0.30, immediate resistance @ S$0.34.


Offline zuolun

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Re: Casino Stocks
« Reply #1853 on: March 18, 2020, 10:51:40 AM »
Typical examples of bullish W-shaped double bottom reversal to Bull Traps:
1. Sarine Tech (17 Mar 2020)
2. CIMB (3 Mar 2020)
3. Jardine Cycle and Carriage (6 Mar 2018)


Sarine Tech ~ Bearish Double Top Breakout, interim TP S$0.178

Sarine Tech closed with a gravestone doji @ S$0.199 (-0.011, -5.2%) with 1.53m shares done on 17 Mar 2020.

Immediate support @ S$0.196, immediate resistance @ S$0.225.



CIMB ~ Bearish Descending Triangle Breakout, TP RM4.00

CIMB closed with a hammer @ RM4.50 (-0.10, -2.2%) with high volume done at 36.3m shares on 3 Mar 2020.

Immediate support @ RM4.43, immediate resistance @ RM4.70.



Jardine Cycle and Carriage ~ The W-shaped double bottom supported @ S$38.80 was a bull trap
 
Jardine Cycle and Carriage had a spinning top and traded @ S$36.72 (+0.72, +2%) with 110,000 shares done on 6 Mar 2018 at 1040 hrs.

Immediate support @ S$35.74, immediate resistance @ S$36.86.


Offline zuolun

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Re: Casino Stocks
« Reply #1854 on: March 18, 2020, 10:59:54 AM »
Genting Singapore issues profit warning, implements salary cuts due to Covid-19 ~ 17 Mar 2020
https://www.thestar.com.my/business/business-news/2020/03/17/genting-singapore-issues-profit-warning-implements-salary-cuts-due-to-covid-19

Covid-19: Two deaths reported in M'sia, 120 new confirmed infections, bringing tally to 673 ~ 17 Mar 2020
https://www.theedgemarkets.com/article/malaysia-announces-two-covid19-deaths-and-120-new-cases-raising-total-673-confirmed-cases

Genting SP ~ Bearish Descending Triangle Breakout, TP S$0.55

Genting SP closed with a doji @ S$0.62 (-0.02, -3.1%) with 31.4m shares done on 17 Mar 2020.

Immediate support @ S$0.61, immediate Resistance @ S$0.65.



Genting SP ~ Bearish Descending Triangle Breakout, TP S$0.55

Genting SP gapped down and closed with a hammer @ S$0.68 (-0.015, -2.2%) with 58.4m shares done on 13 Mar 2020.

Immediate support @ S$0.61, immediate Resistance @ S$0.685.


Offline zuolun

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Re: Casino Stocks
« Reply #1855 on: March 18, 2020, 02:51:31 PM »
Zuolun bro,

Marco Polo money I will switch to Starhub
Waiting for your target price to appear first
Lolx

I doubt you fully understand the actual meaning of my target price on my StarHub charts.
(Similar to stock analysts who recommend retail investors to "buy" a stock which should be interpreted as "sell" or "short-sell a stock.)

苏小妹:

星和的小方向呈现了典型的「岛型反转」图形(Bearish Island Reversal);你看得懂庄家的意图吗?

(温馨提示 ~ 英文答案是:pump and dump)

Island Reversal Pattern
An island reversal is a chart formation where there is a gap on both sides of the candle. Island reversals frequently show up after a trending move is in its final stages. An island reversal gets it name from the fact that the candlesticks are appearing on an island. A key sign of a valid island reversal is an increase on volume on both the first gap, and then the subsequent gap in the opposite direction. An island reversal formation is often attributed to news driven events that occur in the pre-market or after-hours trading.

Starhub ~ Bearish Island Reversal, interim TP S$1.16

Starhub closed with a spinning top @ S$1.27 (-0.04, -3.1%) with 3.81m shares done on 17 Mar 2020.

Immediate support @ S$1.24, immediate resistance @ S$1.32.



Starhub ~ Trading in a downward sloping channel, interim TP S$1.24

Starhub closed with a white marubozu @ S$1.42 (+0.01, +0.7%) with 1.06m shares done on 6 Dec 2019.

Immediate support @ S$1.40, immediate resistance @ S$1.44.



Starhub ~ Trading in a downward sloping channel, interim TP S$1.24

Starhub closed with a hanging man @ S$1.46 (+0.02, +1.4%) with 1.43m shares done on 22 Nov 2019.

Immediate support @ S$1.42, immediate resistance @ S$1.47.


Offline zuolun

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Re: Casino Stocks
« Reply #1856 on: March 18, 2020, 04:39:59 PM »
Brent oil price goes below US$30 per barrel ~ 18 Mar 2020
https://www.thestar.com.my/business/business-news/2020/03/18/brent-oil-price-goes-below-us30-per-barrel

Island Reversal Pattern
An island reversal is a chart formation where there is a gap on both sides of the candle. Island reversals frequently show up after a trending move is in its final stages. An island reversal gets it name from the fact that the candlesticks are appearing on an island. A key sign of a valid island reversal is an increase on volume on both the first gap, and then the subsequent gap in the opposite direction. An island reversal formation is often attributed to news driven events that occur in the pre-market or after-hours trading.

KepCorp ~ Bearish Island Reversal, interim TP @ S$4.55

KepCorp closed with a spinning top @ S$5.19 (+0.02, +0.4%) with 9.65m shares done on 17 Mar 2020.

Immediate support @ S$4.82, immediate resistance @ S$5.27.



KepCorp ~ Bearish Island Reversal, critical support @ S$5.48

KepCorp closed with a piercing line @ S$5.70 (+0.08, +1.4%) with 10.3m shares done on 10 Mar 2020.

Immediate support @ S$5.48, immediate resistance @ S$5.83.


Offline zuolun

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Re: Casino Stocks
« Reply #1857 on: March 20, 2020, 09:50:25 AM »
Indonesian stocks hit circuit breaker again as currency tumbles ~ 19 Mar 2020
https://www.theedgemarkets.com/article/indonesian-stocks-hit-circuit-breaker-again-currency-tumbles
The rupiah tumbled to 15,315 to a U.S. dollar, the lowest level since July 1998.

Jardine Cycle and Carriage ~ Bearish Rounding Top Breakout, interim TP US$16.19

Jardine Cycle closed with a black marubozu @ S$17.01 (-1.39, -7.6%) with high volume done at 1.05m shares on 19 Mar 2020.

Immediate support @ S$16.19, immediate resistance @ US$20.20.



Jardine Cycle and Carriage ~ Trading in a downward sloping channel, TP US$24.21

Jardine Cycle and Carriage closed with an inverted hammer @ US$26.69 (-0.16, -0.6%) with 580,000 shares done on 2 Mar 2020.

Immediate support @ US$26.00, immediate resistance @ US$27.85.


Offline zuolun

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Re: Casino Stocks
« Reply #1858 on: March 20, 2020, 10:09:56 AM »
Analysts: Singapore aviation sector “extremely vulnerable” due to COVID-19 ~ 19 Mar 2020
https://www.theonlinecitizen.com/2020/03/19/analysts-singapore-aviation-sector-extremely-vulnerable-due-to-covid-19/
  • SIA reduces flight capacity by 50%, expects further cuts to curb the COVID-19 pandemic spread.
  • The entire fleet of 320 aircraft and 18 Airbus will also be grounded by Singapore-based Jetstar Asia as all flights get suspended for at least 3 weeks from 23 March until 15 April. Jetstar Asia is asking senior leadership to take salary cuts and the rest of the teams to take paid and unpaid leave during this time, in addition to cancelling annual bonuses and the Annual Wage Supplement.
  • The International Air Transport Association (IATA) cautioned in early March that the outbreak could devastate passenger airlines up to US$113 billion (S$162.7 billion) in revenue lost in 2020.
SIA ~ Bearish Bollinger Bands Breakout, interim TP S$6.08, next TP S$5.05

SIA gapped down and closed with a black marubozu @ S$6.12 (-0.41, -6.3%) with extremely high volume done at 5.16m shares on 19 Mar 2020.

Immediate support @ S$5.85, immediate resistance @ S6.52.



From a technical perspective, I'm still bearish on SIA.

If a technical rebound occurs due to short-covering; it would be an opportunity to SELL into strength.

SIA might go lower after a 'dead-cat bounce' is done; next support @ S$6.


SIA ~ Bearish Bollinger Bands Breakout coupled with positive price-volume divergence; expect a technical rebound

SIA closed with a spinning top @ S$7.20 (-0.14, -1.9%) with extremely high volume done at 5.93m shares on 13 Mar 2020.

Immediate support @ S$6.72, immediate resistance @ S$7.60.



Offline zuolun

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Re: Casino Stocks
« Reply #1859 on: March 20, 2020, 11:27:59 AM »
32 new COVID-19 cases in Singapore, total at 345 ~ 19 Mar 2020
https://www.channelnewsasia.com/news/singapore/covid19-32-new-cases-moh-update-coronavirus-12555736
Of the new cases, 24 cases are imported and eight are local cases of COVID-19 infection. The 24 imported cases had travelled to Europe, North America and ASEAN countries such as the Philippines, Malaysia and Thailand.

DBS says Singapore recession inevitable in 2020 due to coronavirus ~ 19 Mar 2020
https://www.theedgemarkets.com/article/dbs-says-singapore-recession-inevitable-2020-due-coronavirus

LTA to secure short-term accommodation for M’sian public transport workers in SG amid M’sia’s travel restrictions ~ 18 Mar 2020
https://www.theonlinecitizen.com/2020/03/18/lta-to-secure-short-term-accommodation-for-msian-public-transport-workers-in-sg-amid-msias-travel-restrictions/

ComfortDelgro ~ Bearish Descending Triangle Breakout, interim TP S$1.17

ComfortDelgro closed with a black marubozu @ S$1.44 (-0.11, -7.1%) with 17.5m shares done on 19 Mar 2020.

Immediate support @ S$1.38, immediate resistance @ S$1.55.



Brokers' take: Analysts lower forecasts on ComfortDelGro due to earnings headwinds ~ 17 Feb 2020
https://moneyandfinancenews.com/brokers-take-analysts-lower-forecasts-on-comfortdelgro-due-to-earnings-headwinds-companies-markets/
  • DBS Group Research downgraded ComfortDelGro to "hold", TP S$2.26.
  • RHB Research has a "neutral" call on ComfortDelGro, TP S$2.25.
  • UOB Kay Hian has a "hold" call on ComfortDelGro, TP S$2.15.
  • CGS-CIMB has a "hold" call ComfortDelGro, TP S$2.08.
ComfortDelgro ~ Bearish Head-and-Shoulders Breakout, TP S$1.73

ComfortDelgro closed with a spinning top @ S$2.02 (-0.03, -1.5%) with 24.5m shares done on 21 Feb 2020.

Immediate support @ S$1.94, immediate resistance @ S$2.07.



Offline zuolun

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Re: Casino Stocks
« Reply #1860 on: March 20, 2020, 04:33:03 PM »
红蜻蜓
https://www.youtube.com/watch?v=XZOgFCBt8mE

RHB is reiterating its “buy” call on ESR REIT with a target price of 50 cents, representing a 61% upside for the stock ~ 19 Mar 2020
https://www.theedgesingapore.com/capital/brokers-calls/diversified-tenant-base-supportive-sponsor-help-esr-reit-tide-over-market-sell

ESR-Reit ~ Bearish Double Top Breakout (K线组合形态之七连阴)

ESR-Reit closed with a black marubozu @ S$0.245 (-0.06,-19.7%) with high volume done at 31.1m shares on 19 Mar 2020.

Immediate support @ S$0.235, immediate resistance @ S$0.31.



ESR-Reit ~ Bearish Double Top Breakout, interim S$0.31

ESR-Reit closed with a black marubozu @ S$0.36 (-0.055,-13.3%) with high volume done at 25.1m shares on 16 Mar 2020.

Immediate support @ S$0.345, immediate resistance @ S$0.415.



Offline zuolun

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Re: Casino Stocks
« Reply #1861 on: March 21, 2020, 03:46:32 PM »
RHB is initiating coverage on IREIT Global with a “buy” and a target price of 92 cents ~ 3 Mar 2020
https://www.theedgesingapore.com/capital/brokers-calls/rhb-starts-ireit-global-buy-stable-high-yielding-german-office-play

IREIT Global ~ Bearish Tower Top Breakout, TP S$0.385

IREIT Global closed with a white marubozu @ S$0.465 (+0.05, +12%) with extremely high volume done at 4.57m shares on 20 Mar 2020.

Immediate support @ S$0.405, immediate resistance @ S$0.48.





IREIT Global ~ Bearish Tower Top Breakout, interim S$0.50

IREIT Global closed with a black marubozu @ S$0.57 (-0.095, -14.3%) with extremely high volume done at 4.33m shares on 16 Mar 2020.

Immediate support @ S$0.55, immediate resistance @ S$0.66.


Offline zuolun

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Re: Casino Stocks
« Reply #1862 on: March 21, 2020, 04:28:51 PM »
Vicom ~ Bearish Island Reversal, interim TP S$6.41, next TP S$5.71

Vicom closed with a bullish harami @ S$7.03 (+0.23, +3.4%) with 49,500 shares done on 20 Mar 2020.

Immediate support @ S$6.67, immediate resistance @ S$7.18.





"From a technical perspective, I will never buy Vicom @ S$8.16 (B4 and after a 4-for-1 share split)." ~ 16 Feb 2020

Vicom ~ The last burst of fire ~ 14 Feb 2020

Vicom closed @ S$8.16 on 14 Feb 2020.


Offline zuolun

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Re: Casino Stocks
« Reply #1863 on: March 22, 2020, 08:10:57 AM »
苏小妹:

“垃圾股”比“老千股”还高一级。因为垃圾被回收、再生后,还能卖钱。

苏小妹:

Eagle HTrust = “垃圾股”;因为垃圾被回收、再生后,还能卖钱。


Lack of clarity makes Eagle Hospitality Trust a risky bet, says KGI ~ 20 Mar 2020
https://www.theedgesingapore.com/capital/brokers-calls/lack-clarity-makes-eagle-hospitality-trust-risky-bet-says-kgi

Eagle Hospitality Trust sinks 36% as managers mull asset sales, strategic review ~ 19 Mar 2020
https://www.theedgesingapore.com/capital/reits/eagle-hospitality-trust-sinks-36-managers-mull-asset-sales-strategic-review
As at 10.47am, the counter dived 7.8 US cents to yet another record low of 13.7 US cents, before the managers called for a trading halt.

Eagle HTrust ~ Bearish Bollinger Bands Breakout, TP US$0.017

Eagle HTrust gapped down and closed with a black marubozu @ US$0.137 with 5.389m shares done on 19 Mar 2020, prior to its trading halt.


Offline zuolun

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Re: Casino Stocks
« Reply #1864 on: March 22, 2020, 09:41:14 AM »
1.  It appears that you still do not know that Marco Polo Marine is a typical rubbish stock = 垃圾股

2.  苏小妹 is aware of Marco Polo Marine because the company's CEO is 徐若瑄的老公 who always uses the MSM for the wrong reasons.

3.  I also knew Marco Polo Marine because I had posted that UOB's disposal of its 10.29% stake in Marco Polo Marine for $12.68m, was a smart move.

苏小妹:

Marco Polo Marine = “垃圾股”;因为垃圾被回收、再生后,还能卖钱。


MarcoPolo Marine ~ Bearish Island Reversal, interim TP @ S$0.008, next TP S$0.002

MarcoPolo Marine closed with a black marubozu @ S$0.011 (-0.001, -8.3%) with 10.8m shares done on 20 Mar 2020.

Immediate support @ S$0.008, immediate resistance @ S$0.012.



苏小妹:

大华银行非常了解什么是"Gambling with Other People’s Money"。所以早就卖掉10.29%马可波罗海业的股票;拿回$12.68m.


MarcoPolo Marine ~ Trading in a downward sloping channel, downside biased

MarcoPolo Marine closed with a black marubozu @ S$0.028 (-0.003, -9.7%) with 24.1m shares done on 27 Apr 2018.

Immediate support @ S$0.022, immediate resistance @ S$0.031.


Offline zuolun

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Re: Casino Stocks
« Reply #1865 on: March 22, 2020, 10:40:36 AM »
Zuolun bro,

This blogger recommended Centurion on 17 Nov

苏小妹:

Sometimes when a major shareholder kept buying back his own company's shares; it might not be a positive sign.

Incidentally, the well-known blogger, AK71 who recommended Centurion on 17 Nov 2019 had a $100,000 lesson from Marco Polo Marine.

AK: $100,000 lesson from Marco Polo Marine ~ 18 April 2017
https://sg.finance.yahoo.com/news/ak-100-000-lesson-marco-040025902.html
When I decided to invest in Marco Polo Marine, I noticed persistent insider buying a few years ago and their prospects were good.

Centurion ~ Bearish Tower Top Breakout, interim TP S$0.35

Centurion closed with a dragonfly doji unchanged @ S$0.39 with 860,000 shares done on 20 Mar 2020.

Immediate support @ S$0.36, immediate resistance @ S$0.39.



Centurion ~ Bearish Tower Top Breakout, interim TP S$0.35

Centurion closed with a spinning top unchanged @ S$0.395 with 650,000 shares done on 16 Mar 2020.

Immediate support @ S$0.38, immediate resistance @ S$0.405.



Offline zuolun

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Re: Casino Stocks
« Reply #1866 on: March 22, 2020, 02:59:50 PM »
HongKong Land posts 4% rise in profit, warns of virus hit for 2020 ~ 7 Mar 2020
https://www.mingtiandi.com/real-estate/finance-real-estate/hongkong-land-posts-4-rise-in-profit-for-2019/
The division of Hong Kong’s Jardines Group, in announcing its 2019 results to the London stock exchange on 5 March, said that, despite the 4% rise in its underlying profit, losses of $878 million — primarily from lower valuations of its investment properties — had seen profit attributable to shareholders plunge 92% for the year. The profit figure dropped to $198 million in 2019 from $2.5 billion a year earlier.

HK Land ~ Bear Flag Breakout, interim TP @ US$3.55, next TP US$2.73

HK Land closed with an inverted hammer @ US$3.90 (+0.02, +0.5%) with high volume done at 7.32m shares on 20 Mar 2020.

Immediate support @ US$3.82, immediate resistance @ US$4.15.



HK Land ~ Bear Flag, interim TP @ US$4.62

HK Land closed with a white marubozu @ US$5.36 (+0.09, +1.7%) with 1.60m shares done on 22 Nov 2019.

Immediate support @ US$5.22, immediate resistance @ US$5.40.



Offline zuolun

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Re: Casino Stocks
« Reply #1867 on: March 22, 2020, 04:37:25 PM »
BAT’s share price peaked @ RM69.10 on 27 Feb 2015 and hit a low of RM9.26 on 19 Mar 2020.

BAT ~ Bear Flag Breakout, TP RM9.04

BAT closed with an inverted hammer @ RM9.71 (+0.31, +3.3%) with 1.89m shares done on 20 Mar 2020.

Immediate support @ RM9.26, immediate resistance @ RM10.22.



BAT ~ Bear Flag Breakout, interim TP RM13.23, next TP RM9.23

BAT closed with a spinning top @ RM13.70 (-0.34, -2.4%) with 1.21m shares done on 17 Jan 2020.

Immediate support @ RM13.23, immediate resistance @ RM14.54.


Offline zuolun

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Re: Casino Stocks
« Reply #1868 on: March 22, 2020, 05:08:51 PM »
苏小妹:

HK Land Vs BAT ~ Bear Flag Breakout (老牌企业对老牌企业;看谁先倒下)


【40年歷史】香港大眾書局16間書店全線結業、清盤遣散百員工 ~ 18 Mar 2020
https://www.youtube.com/watch?v=uU4VusTdc7o

HK Land ~ Bear Flag Breakout, interim TP @ US$3.55, next TP US$2.73

HK Land closed with an inverted hammer @ US$3.90 (+0.02, +0.5%) with high volume done at 7.32m shares on 20 Mar 2020.

Immediate support @ US$3.82, immediate resistance @ US$4.15.



BAT ~ Bear Flag Breakout, TP RM9.04

BAT closed with an inverted hammer @ RM9.71 (+0.31, +3.3%) with 1.89m shares done on 20 Mar 2020.

Immediate support @ RM9.26, immediate resistance @ RM10.22.


Offline zuolun

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Re: Casino Stocks
« Reply #1869 on: March 23, 2020, 11:22:21 AM »
苏小妹:

成也萧何,败也萧何。

(A situation where the STI's gain and loss are both due to the same factor, which is the share prices of the top 6 Index stocks.)

STI ~ Bearish Bollinger Bands Breakout, interim TP 2,035

STI closed with a white marubozu @ 2,410.74 (+99.74, +4.3%) on 20 Mar 2020.

Immediate support @ 2,257, immediate resistance @ 2,424.



STI ~ Bearish Rounding Top Breakout, interim TP 2,495

STI closed with a spinning top @ 2,634 (-44.64, -1.7%) on 13 Mar 2020.

Immediate support @ 2,510, immediate resistance @ 2,672.


Offline zuolun

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Re: Casino Stocks
« Reply #1870 on: March 23, 2020, 12:04:39 PM »
FBMKLCI ~ Trading in a downward sloping channel, TP 1,105

FBMKLCI closed with a white marubozu @ 1,303.28 (+83.56, +6.9%) on 20 Mar 2020.

Immediate support @ 1,207, immediate resistance @ 1,308.



FBMKLCI ~ Trading in a downward sloping channel, TP 1,271

FBMKLCI gapped down and closed with a hammer @ 1,344.75 (-74.68, -5.3%) on 13 Mar 2020.

Immediate support @ 1,308, immediate resistance @ 1,369.


Offline zuolun

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Re: Casino Stocks
« Reply #1871 on: March 23, 2020, 12:07:48 PM »
難兄難弟 (abang adik)
https://www.youtube.com/watch?v=1fNAgI0U0S0

Coronavirus: Eight Singaporeans leave Iran on special flight arranged by KL for Malaysians ~ 22 Mar 2020
https://www.straitstimes.com/singapore/eight-singaporeans-leave-iran-on-special-flight-arranged-by-malaysian-government-for-its

FBMKLCI ~ Trading in a downward sloping channel, TP 1,105

FBMKLCI closed with a white marubozu @ 1,303.28 (+83.56, +6.9%) on 20 Mar 2020.

Immediate support @ 1,207, immediate resistance @ 1,308.



STI ~ Bearish Bollinger Bands Breakout, interim TP 2,035

STI closed with a white marubozu @ 2,410.74 (+99.74, +4.3%) on 20 Mar 2020.

Immediate support @ 2,257, immediate resistance @ 2,424.


Offline zuolun

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Re: Casino Stocks
« Reply #1872 on: March 23, 2020, 02:57:25 PM »
上楼爬楼梯,下楼坐电梯。

ManulifeReit ~ Bearish Double Top Breakout, interim TP US$0.53

ManulifeReit closed with a white marubozu @ US$0.64 (+0.075, 13.3%) with high volume done at 20.1m shares on 20 Mar 2020.

Immediate support @ US$0.55, immediate resistance @ US$0.68.



A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
https://www.investopedia.com/terms/d/doubletop.asp

There are 3 types of Double Top Chart Patterns:
  • Same high
  • Higher than the last high
  • Lower than the last high

Offline zuolun

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Re: Casino Stocks
« Reply #1873 on: March 24, 2020, 10:59:09 AM »
StarHub to offset 1 month's rent for 2,000 lower-income seniors ~ 18 Mar 2020
https://www.straitstimes.com/business/companies-markets/starhub-to-offset-1-months-rent-for-2000-lower-income-seniors
Telco StarHub is defraying housing rental costs for 2,000 lower-income seniors and donating $300,000 to The Courage Fund.

StarHub to buy Strateq for SG$82 million ~ 11 Mar 2020
https://www.zdnet.com/article/starhub-to-buy-strateq-for-sg82-million/
The Singaporean telco wants to purchase 88% of the Malaysian-based data firm.

Starhub ~ Trading in a downward sloping channel, TP S$0.92

Starhub closed with a spinning top @ S$1.15 (+0.08, +6.5%) with 7.43m shares done on 23 Mar 2020.

Immediate support @ S$1.09, immediate resistance @ S$1.19.



Starhub ~ Bearish Island Reversal, interim TP S$1.16

Starhub closed with a spinning top @ S$1.27 (-0.04, -3.1%) with 3.81m shares done on 17 Mar 2020.

Immediate support @ S$1.24, immediate resistance @ S$1.32.


Offline zuolun

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Re: Casino Stocks
« Reply #1874 on: March 24, 2020, 11:29:02 AM »
Sarine Tech ~ Bearish Double Top Breakout, TP S$0.101

Sarine Tech closed with a hammer @ S$0.173 (-0.011, -6%) with 350,000 shares done on 23 Mar 2020.

Immediate support @ S$0.149, immediate resistance @ S$0.196.



Sarine Tech ~ Bearish Double Top Breakout, interim TP S$0.178

Sarine Tech closed with a gravestone doji @ S$0.199 (-0.011, -5.2%) with 1.53m shares done on 17 Mar 2020.

Immediate support @ S$0.196, immediate resistance @ S$0.225.



Offline zuolun

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Re: Casino Stocks
« Reply #1875 on: March 24, 2020, 04:22:42 PM »
Singapore Airlines slashes capacity by 96% ~  ~ 23 Mar 2020
https://www.bangkokpost.com/business/1884655/singapore-airlines-slashes-capacity-by-96-
As it aims to shore up its liquidity, the airline said it is discussing with aircraft manufacturers a postponement in the delivery of aircraft on order and deferments in payments, while implementing salary cuts for management.

Most airlines could become bankrupt before June is here ~ 22 Mar 2020
https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here
"For FY2020/21, SIA is hedged 51% for jet fuel at US$74 per barrel and 22% for Brent at US$58 pbl. The group will incur over US$1 billion in hedge losses for the financial year beginning April if fuel price stays below US$30 pbl."

SIA to buy 39 Boeing planes valued at $19.5 billion ~ 10 Feb 2017
https://www.straitstimes.com/business/sia-to-buy-39-boeing-planes-valued-at-195-billion
The 20 B777-9s and 19 B787s come with an option for 12 more; delivery starts from 2020.

SIA ~ Bearish Bollinger Bands Breakout, interim TP S$5.20, next TP S$3.90

SIA gapped down and closed with a black marubozu @ S$5.36 (-0.66, -11%) with extremely high volume done at 9.64m shares on 23 Mar 2020.

Immediate support @ S$5.20, immediate resistance @ S$5.78.



SIA ~ Bearish Bollinger Bands Breakout, interim TP S$6.08, next TP S$5.05

SIA gapped down and closed with a black marubozu @ S$6.12 (-0.41, -6.3%) with extremely high volume done at 5.16m shares on 19 Mar 2020.

Immediate support @ S$5.85, immediate resistance @ S6.52.


Offline zuolun

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Re: Casino Stocks
« Reply #1876 on: March 25, 2020, 11:14:33 AM »
Observation:

1.  Global Testing’s EPS has dropped significantly since 2015.

2.  Global Testing IPO price @ S$0.30 per share on 15 Aug 2005; share consolidation of 20-to-1 in 2015.

3.  Buying Global Testing @ S$0.65 per shares = S$0.65 X 20 = S$13 per share.

愛你無條件
https://www.youtube.com/watch?v=7rjrgkas0sg

Global Testing ~ Trading in a downward sloping channel, TP S$0.136

Global Testing last closed @ S$0.28 with thin volume done at 9,900 shares on 19 Mar 2020, thereafter no trades done.



Global Testing ~ Trading in a downward sloping channel, interim TP S$0.35

Global Testing closed with a black marubozu @ S$0.50 (-0.01, -2%) with thin volume done at 25,000 shares on 18 Dec 2019.

Immediate support @ S$0.48, immediate resistance @ S$0.54.


Online odie

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Re: Casino Stocks
« Reply #1877 on: March 27, 2020, 10:10:51 AM »
What a way to end this week
SIA rights issue and more bonds😨

Offline zuolun

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Re: Casino Stocks
« Reply #1878 on: March 27, 2020, 03:29:38 PM »
苏小妹:

Crash landing on you (愛的迫降)

https://www.netflix.com/sg/title/81159258



SIA Vs HL Asia ~ Massive Rights Issue (See what happened to the HL Asia's share price on 26 Mar 2020; after rights issue @ S$0.54 on 28 Sep 2018)

SIA drops on US$6.2 billion capital raise to fight virus ~ 27 Mar 2020
https://finance.yahoo.com/news/singapore-airlines-plans-rights-issues-210228632.html
SIA is proposing a 3-for-2 rights issue @ S$3 per rights share cum 295 for 100 mandatory convertible bonds rights issue @ S$1 per rights MCB, 10-Year MCB 0% convertible @ S$4.84.

Hong Leong Asia ~ Rights issue: 1 new share @ 0.54 SGD for 1 existing share ~ 28 Sep 2018
https://www.marketscreener.com/HONG-LEONG-ASIA-LTD-6491126/news/RIGHTS-ISSUE-1-new-share-0-54-SGD-for-1-existing-share-27382676/

HL Asia ~ Bearish AB = CD Pattern, TP S$0.305

HL Asia closed with a dragonfly doji @ S$0.395 (-0.01, -2.5%) with thin volume done at 18,000 shares on 26 Mar 2020.

Immediate support @ S$0.36, immediate resistance @ S$0.41.



HL Asia ~ Bearish AB = CD Pattern

HL Asia closed with a piercing line @ S$0.595 (+0.01, +1.7%) with 89,600 shares done on 10 Feb 2020.

Immediate support @ S$0.55, immediate resistance @ S$0.61.



Bearish AB=CD Pattern


Offline zuolun

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Re: Casino Stocks
« Reply #1879 on: March 27, 2020, 04:46:38 PM »
苏小妹:

Birds of a feather flock together.




DBS ~ Bearish Rounding Top Breakout, TP S$15.52

DBS closed with a hanging man @ S$19.06 (-0.36, -1.9%) with 9.90m shares done on 26 Mar 2020.

Immediate support @ S$18.40, immediate resistance @ S$19.93.



OCBC ~ Bearish Rounding Top Breakout, TP S$6.87

OCBC closed with a hanging man @ S$8.75 (-0.14, -1.6%) with 11.4m shares done on 26 Mar 2020.

Immediate support @ S$8.43, immediate resistance @ S$8.96.



UOB ~ Bearish Rounding Top Breakout, TP S$15.74

UOB closed with a hanging man @ S$19.73 (-0.29, -1.4%) with 4.64m shares done on 26 Mar 2020.

Immediate support @ S$19.03, immediate resistance @ S$20.55.



Performance chart ~ DBS, OCBC, UOB and STI as at 26 Mar 2020







Offline zuolun

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Re: Casino Stocks
« Reply #1880 on: March 28, 2020, 08:35:47 AM »
苏小妹:

Temasek's US$13 billion rescue package would limit COVID-19 damage, not to restore SIA's business = 治标不治本


Singapore Airlines obtains US$13 billion rescue package amid coronavirus shock ~ 27 Mar 2020
https://www.reuters.com/article/us-health-coronavirus-singapore-air-tema/singapore-airlines-obtains-13-billion-rescue-package-amid-coronavirus-shock-idUSKBN21D3AE

SIA ~ Trading in a downward sloping channel, interim TP S$5.20, next TP S$3.90

SIA closed with a hanging man @ S$6.08 (-0.42, -6.5%) with exceptionally high volume done at 18.9m shares on 27 Mar 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.51.



SIA ~ Bearish Bollinger Bands Breakout, interim TP S$5.20, next TP S$3.90

SIA gapped down and closed with a black marubozu @ S$5.36 (-0.66, -11%) with extremely high volume done at 9.64m shares on 23 Mar 2020.

Immediate support @ S$5.20, immediate resistance @ S$5.78.


Offline zuolun

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Re: Casino Stocks
« Reply #1881 on: March 28, 2020, 01:52:27 PM »
Singapore reports 49 new COVID-19 cases, total at 732 ~ 27 Mar 2020
https://www.channelnewsasia.com/news/singapore/covid19-moh-update-49-new-cases-singpost-cluster-12582990

STI ~ Bearish Bollinger Bands Breakout, interim TP 2,035

STI closed with a spinning top @ 2,528.76 (+41.2, +1.7%) on 27 Mar 2020.

Immediate support @ 2,495, immediate resistance @ 2,634.



STI ~ Bearish Bollinger Bands Breakout, interim TP 2,035

STI closed with a white marubozu @ 2,410.74 (+99.74, +4.3%) on 20 Mar 2020.

Immediate support @ 2,257, immediate resistance @ 2,424.



Singapore’s economy plunges in early sign of pain in Asia ~ 26 Mar 2020
https://www.theedgemarkets.com/article/singapores-economy-plunges-early-sign-pain-asia
“As the global Covid-19 situation is still evolving rapidly, there remains a significant degree of uncertainty over the severity and duration of the global outbreak, and the trajectory of the global economic recovery once the outbreak has been contained,” the Ministry of Trade and Industry said in a statement. “The balance of risks, however, is tilted to the downside.”


Offline zuolun

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Re: Casino Stocks
« Reply #1882 on: March 28, 2020, 05:48:06 PM »
zuolun bro,

my buy prices for singtel is 2.90 1000 shares
1.80 1000 shares

Singtel-backed streaming service HOOQ files for liquidation ~ 27 Mar 2020
https://techcrunch.com/2020/03/27/streaming-service-hooq-files-for-liquidation/

Are telcos a good call amid uncertainties from Covid-19 impact? ~ 26 Mar 2020
https://www.theedgesingapore.com/capital/brokers-calls/are-telcos-good-call-amid-uncertainties-covid-19-impact
  • DBS Group Research has “buy” calls on all three local telecommunication sector stocks.
  • Singtel will be impacted by translation losses due to the 10% fall in the Australian dollar against the Singapore dollar.
  • Likewise, Optus's roaming revenues, which account for 5-6% of its total mobile revenue, are likely to take a hit.
  • In a bear-case scenario, shares in Netlink could drop to 76 cents, Singtel may fall to $2.18, and StarHub might decline to $1.00.
Singtel ~ Trading in a downward sloping channel, interim TP S$1.95

Singtel closed with a bearish harami @ S$2.57 (+0.05, +2%) with high volume done at 50.8m shares on 27 Mar 2020.

Immediate support @ S$2.51, immediate resistance @ S$2.69.



Singtel ~ Trading in a downward sloping channel, interim TP S$2.65

Singtel closed with a long-legged doji @ S$2.97 (-0.01, -0.3%) with 29.1m shares done on 7 Mar 2019.

Critical support @ S$2.90, immediate resistance @ S$3.02.


Offline zuolun

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Re: Casino Stocks
« Reply #1883 on: March 29, 2020, 02:17:07 PM »
MoH is prepared for the worst — a possible surge in new Covid-19 cases in mid-April ~ 28 Mar 2020
https://www.theedgemarkets.com/article/moh-prepared-worst-%E2%80%94-possible-surge-new-covid19-cases-midapril

159 new Covid-19 cases in Malaysia, total at 2,320, death toll at 27 ~ 27 Mar 2020
https://www.thestar.com.my/news/nation/2020/03/28/covid-19-159-new-cases-reported-death-toll-at-27

MIDF downgrades AirAsia to 'sell', TP lowered to RM0.54; after airline temporarily suspends flights ~ 27 Mar 2020
https://www.theedgemarkets.com/article/midf-advises-investors-sell-airasia-shares-flight-suspension-will-hit-earnings

AirAsia set to lose over RM1.1 billion, Affin Hwang Capital reiterated a “sell” on AirAsia’s shares, TP lowered to RM0.49 ~ 27 Mar 2020
https://www.freemalaysiatoday.com/category/highlight/2020/03/27/airasia-set-to-lose-over-rm1-1-billion-says-analyst/

AirAsia grounding most flights from March 28 to May 31 ~ 27 Mar 2020
https://www.thestar.com.my/news/nation/2020/03/27/airasia-grounding-most-flights-from-march-28-to-may-31
Short-haul flights of AirAsia will be suspended for all domestic and international flights from March 28 to April 21.

AirAsia ~ Trading in a downward sloping channel, interim TP RM0.50, next TP RM0.175

AirAsia closed with a spinning top @ RM0.75 (+0.02, +2.7%) with exceptionally high volume done at 120m shares on 27 Mar 2020.

Immediate support @ RM0.66, immediate resistance @ RM0.89.



AirAsia ~ Trading in a downward sloping channel, TP RM0.78, next TP RM0.65

AirAsia gapped down and closed with a spinning top @ RM0.82 (-0.07, -7.9%) with 49.1m shares done on 13 Mar 2020.

Immediate support @ RM0.78, immediate resistance @ RM0.88.


Offline zuolun

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Re: Casino Stocks
« Reply #1884 on: March 29, 2020, 02:42:18 PM »
SIA vs AirAsia :「天要下雨,娘要嫁人」
https://baike.baidu.com/item/%E5%A4%A9%E8%A6%81%E4%B8%8B%E9%9B%A8%E5%A8%98%E8%A6%81%E5%AB%81%E4%BA%BA

SIA ~ Trading in a downward sloping channel, interim TP S$5.20, next TP S$3.90

SIA closed with a hanging man @ S$6.08 (-0.42, -6.5%) with exceptionally high volume done at 18.9m shares on 27 Mar 2020.

Immediate support @ S$5.76, immediate resistance @ S$6.51.



AirAsia ~ Trading in a downward sloping channel, interim TP RM0.50, next TP RM0.175

AirAsia closed with a spinning top @ RM0.75 (+0.02, +2.7%) with exceptionally high volume done at 120m shares on 27 Mar 2020.

Immediate support @ RM0.66, immediate resistance @ RM0.89.



Airlines to see ‘deeper’ revenue hit of $252bn from COVID-19, forecasts IATA ~ 25 Mar 2020
https://www.dfnionline.com/regions/global/airlines-deeper-revenue-252bn-says-iata-26-03-2020/
This is in a scenario in which severe travel restrictions last for up to three months, followed by a gradual economic recovery later this year.



This chart shows how airlines are being grounded by COVID-19 ~ 21 Mar 2020
https://www.weforum.org/agenda/2020/03/this-chart-shows-how-airlines-are-being-grounded-by-covid-19
Asia faced the first hard landing: Nearly all countries have some type of travel advisory in place, with many encouraging people to avoid non-essential travel even before COVID-19 was officially considered a pandemic by the WHO. The earliest impacts of these were felt in February, as flight capacity in and out of China dropped sharply around Lunar New Year. Also, the country’s sharpest year-over-year drop was recorded on February 17, 2020, with a 71% drop in flights compared to the same date in 2019.


Offline zuolun

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Re: Casino Stocks
« Reply #1885 on: Yesterday at 08:39:45 AM »
ESR-Reit ~ Dead Cat Bounce, interim TP S$0.24 (K线组合形态之七连阴之后的死猫跳)

ESR-Reit closed with a spinning top @ S$0.32 (+0.01,+3.2%) with high volume done at 28.9m shares on 27 Mar 2020.

Immediate support @ S$0.305, immediate resistance @ S$0.36.



ESR-Reit ~ Bearish Double Top Breakout (K线组合形态之七连阴)

ESR-Reit closed with a black marubozu @ S$0.245 (-0.06,-19.7%) with high volume done at 31.1m shares on 19 Mar 2020.

Immediate support @ S$0.235, immediate resistance @ S$0.31.



Singapore REITs: The Great Singapore Sale



5 things to consider before you invest during this Covid-19 crash ~ 29 Mar 2020
https://www.asiaone.com/money/5-things-consider-you-invest-during-covid-19-crash
If you are investing for income, a number of Singapore stocks and REITs pay out pretty decent dividends. For example, if you invest in Netlink NBN Trust or Ascendas REIT, you can expect to reap an annual dividend yield of around 5.5% and 6.3% respectively (as of March 20, 2020).

China tycoon sells S$14m of ESR-Reit and IReit units in a fortnight ~ 27 Mar 2020
[a href="https://links.sgx.com/FileOpen/_Form%201_Tong%20Jinquan_Final.ashx?App=Announcement&FileID=602378
Major SSH, Tong Jinquan pared down his stake in ESR-Reit from 30.74% to 29.73% and in IReit from 34.4% to 32.89% ( 20 Mar to 24 Mar 2020).

Which S-REIT could face a cashflow problem? ~ 26 Mar 2020
https://www.asiaone.com/money/which-s-reit-could-face-cashflow-problem
  • ESR-REIT has a gearing ratio of 41.5% at end-2019, the industrial REIT is one of the highest geared REITs in Singapore. ESR-REIT's interest expense is naturally high compared to its rental income. As of Dec 31, 2019, it had an interest coverage ratio of 3.7 times.
  • REITs may face a cashflow crisis if their tenants default on rent. This can lead to a vicious cycle of REITs struggling to pay their interest and end up having to sell assets or raise capital through rights offerings or private placements. REITs that have a concentrated tenant base, high-interest expense, and less headroom to take on more debt (the regulatory ceiling is a 45% debt-to-asset ratio) are more at risk of a cashflow problem.
Which S-REIT can survive this market meltdown? ~ 23 Mar 2020
https://www.asiaone.com/money/which-s-reit-can-survive-market-meltdown

The table below shows the price changes of some of the REITs in Singapore since 9 March 2020. Even REITs backed by traditionally strong sponsors such as Mapletree Investments Pte Ltd and CapitaLand Ltd have not been spared.



18 REITs lost 50% or more within 7 trading days ~ 19 Mar 2020
https://www.drwealth.com/18-reits-lost-50-or-more-within-7-trading-days/
  • S$37 billion were wiped out from REITs market capitalisation in 7 trading days.
  • All the other REITs have lost at least 25% in the last 7 trading sessions.
  • 25 REITs lost more than 10% on 19 Mar 2020 alone.



Offline zuolun

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Re: Casino Stocks
« Reply #1886 on: Yesterday at 09:04:35 AM »
What is a Dead Cat Bounce?
https://www.investopedia.com/terms/d/deadcatbounce.asp
A dead cat bounce is a temporary recovery of asset prices from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough.

China tycoon sells S$14m of ESR-Reit and IReit units in a fortnight ~ 27 Mar 2020
https://links.sgx.com/FileOpen/_Form%201_Tong%20Jinquan_Final.ashx?App=Announcement&FileID=602378
Major SSH, Tong Jinquan pared down his stake in ESR-Reit from 30.74% to 29.73% and in IReit from 34.4% to 32.89% (20 Mar to 24 Mar 2020).

IREIT Global ~ Dead Cat Bounce, interim TP S$0.405

IREIT Global gapped up and closed with a white marubozu @ S$0.545 (+0.05, +10.1%) with extremely high volume done at 4.16m shares on 27 Mar 2020.

Immediate support @ S$0.505, immediate resistance @ S$0.58.



RHB is initiating coverage on IREIT Global with a “buy” and a target price of 92 cents ~ 3 Mar 2020
https://www.theedgesingapore.com/capital/brokers-calls/rhb-starts-ireit-global-buy-stable-high-yielding-german-office-play

IREIT Global ~ Bearish Tower Top Breakout, TP S$0.385

IREIT Global closed with a white marubozu @ S$0.465 (+0.05, +12%) with extremely high volume done at 4.57m shares on 20 Mar 2020.

Immediate support @ S$0.405, immediate resistance @ S$0.48.




Offline zuolun

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Re: Casino Stocks
« Reply #1887 on: Yesterday at 09:29:45 AM »
Margin Call quote: "There are three ways to make a living in this business: be first, be smarter, or cheat."
https://www.youtube.com/watch?v=O5EsNV-gyr8

China tycoon sells S$14m of ESR-Reit and IReit units in a fortnight ~ 27 Mar 2020
https://links.sgx.com/FileOpen/_Form%201_Tong%20Jinquan_Final.ashx?App=Announcement&FileID=602378
Major SSH, Tong Jinquan pared down his stake in ESR-Reit from 30.74% to 29.73% and in IReit from 34.4% to 32.89% (20 Mar to 24 Mar 2020).

ESR-Reit ~ Dead Cat Bounce, interim TP S$0.24 (K线组合形态之七连阴之后的死猫跳)

ESR-Reit closed with a spinning top @ S$0.32 (+0.01,+3.2%) with high volume done at 28.9m shares on 27 Mar 2020.

Immediate support @ S$0.305, immediate resistance @ S$0.36.



IREIT Global ~ Dead Cat Bounce, interim TP S$0.405

IREIT Global gapped up and closed with a white marubozu @ S$0.545 (+0.05, +10.1%) with extremely high volume done at 4.16m shares on 27 Mar 2020.

Immediate support @ S$0.505, immediate resistance @ S$0.58.




Offline zuolun

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Re: Casino Stocks
« Reply #1888 on: Yesterday at 12:02:38 PM »
Singapore cinemas to close for a month due to coronavirus ~ 24 Mar 2020
https://variety.com/2020/film/asia/singapore-cinemas-closed-month-coronavirus-1203543279/
The measures will run from Thursday (March 26) at 11.59pm local time until Apr 30.

Coronavirus: Singapore bans gatherings of more than 10 people, closes bars and cinemas ~ 24 Mar 2020
https://www.scmp.com/week-asia/health-environment/article/3076783/coronavirus-singapore-bans-gatherings-more-10-people
  • Entertainment venues will be shut from Friday until the end of April, with tuition centres also closed and religious services suspended.
  • In sternest warning yet, authorities say those admitted to public hospitals with Covid-19 after travelling overseas will be charged full rates.
MM2 Asia ~ Bearish Tower Top Reversal, TP S$0.085

MM2 Asia closed with a hanging man unchanged @ S$0.142 with 1.08m shares done on 27 Mar 2020.

Immediate support @ S$0.138, immediate resistance @ S$0.161.



MM2 Asia ~ Bullish Tower Bottom Reversal

MM2 Asia closed with a drangonfly doji unchanged @ S$0.285 with 1.12m shares done on 4 Dec 2019.

Immediate support @ S$0.27, immediate resistance @ S$0.29.



MM2 Asia ~ Bullish Double Bottom Formation

MM2 Asia closed with a white marubozu @ S$0.22 (+0.01, +4.8%) with 1.51m shares done on 23 Sep 2019.

Immediate support @ S$0.19, immediate resistance @ S$0.225.


Offline zuolun

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Re: Casino Stocks
« Reply #1889 on: Yesterday at 01:27:40 PM »
SIA Vs HL Asia ~ Massive Rights Issue (See what happened to the HL Asia's share price on 26 Mar 2020; after rights issue @ S$0.54 on 28 Sep 2018)

See what happened to the Chip Eng Seng's share price on 27 Mar 2020 (closed @ S$0.48); after the 1-for-4 rights issue @ S$0.63 each in Aug 2019.

Billionaire Tang couple widen control of Chip Eng Seng after rights issue gets poor response from minority shareholders ~ 15 Oct 2019
https://www.straitstimes.com/business/companies-markets/billionaire-tang-couple-widen-control-of-chip-eng-seng-after-rights-issue
The 1-for-4 rights issue announced in August saw total valid acceptances and excess applications of about 83.2 million or 53.15% of all shares offered.

Chip Eng Seng in rights issue to raise $96 mil for expansion ~ 23 Aug 2019
https://www.theedgesingapore.com/news/equity-raising/chip-eng-seng-rights-issue-raise-96-mil-expansion
The group plans to sell a total 156.5 million rights shares at an issue price of S$0.63 each. Shareholders will be entitled to subscribe to one rights share for every four shares they own.

CES ~ Trading in a downward sloping channel, interim TP S$0.395

CES closed with a shooting star @ S$0.48 (+0.005, +1.1%) with 1.15m shares done on 27 Mar 2020.

Critical support @ S$0.46, immediate resistance @ S$0.50.



CES ~ Bearish Rounding Top formation

CES closed with a black marubozu unchanged @ S$0.625 with 530,000 shares done on 30 Aug 2019.

Critical support @ S$0.605, immediate resistance @ S$0.64.