Casino Stocks

[odie]

zuolun bro,

my dad has comfort from ipo
he subscribe some and then the company gave him bonus shares
best thing is he does not have a trading acct to sell the shares
Lol

[zuolun]

zuolun bro,

my dad has comfort from ipo
he subscribe some and then the company gave him bonus shares
best thing is he does not have a trading acct to sell the shares
Lol

In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption. The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock. Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities. Follow the smart money; they sell, you follow sell, not buy.

ComfortDelgro ~ Bearish Butterfly Breakout Chart Pattern confirmed on 12 May 2017

ComfortDelgro closed with a spinning top @ S$2.46 (-0.01, -0.4%) with 7.91m shares done on 17 May 2017.

Immediate support @ S$2.44, immediate resistance @ S$2.50.



ComfortDelgro ~ Bearish Butterfly Breakout, interim TP S$1.75, next TP S$1.56

ComfortDelgro closed with a black marubozu @ S$2.01 (-0.06, -2.9%) with high volume done at 20.6m shares on 19 Sep 2017.

Immediate support @ S$1.95, immediate resistance @ S$2.05.

The gaps created on May 15, Aug 23 and Sep 18 were strong SELL signals accompanied by high and extremely high volume.



Example (1) of a Bearish Butterfly Breakout Chart Pattern



Example (2) of a Bearish Butterfly Breakout Chart Pattern

[zuolun]

In technical analysis, history repeats itself. The theory behind chart pattern is based on this assumption. The idea is that certain patterns repeat many times, and that these patterns signal a certain high probability move in a stock. Based on the historic trend of a chart pattern setting up a certain price movement, look for these patterns to identify trading opportunities. Follow the smart money; they sell, you follow sell, not buy.

StarHub ~ Bearish Bat Breakout Chart Pattern confirmed on 22 Aug 2016

StarHub closed with a black marubozu @ S$3.75 (-0.10, -2.6%) with 1.89m shares done on 22 Aug 2016.



StarHub (weekly) ~ Bearish Bat Breakout Chart Pattern, interim TP S$2.16 ~ 20 Sep 2017



Example of a Bearish Bat Breakout Chart Pattern
http://www.profitf.com/articles/patterns/harmonic-pattern-bat/



Harmonic Patterns

[odie]

#~/stocks/tat-hong-says-in-ongoing-talks-on-potential-transactions-appoints-adviser

Tat Hong says in ongoing talks on potential transactions, appoints adviser
THU, SEP 21, 2017 - 4:18 PM
ANGELA #~
CRANE specialist Tat Hong Holdings, which has halted trading in its shares after they rallied more than 5 per cent on Thursday, revealed that it has been approached by certain parties on a potential transaction.

Its shares were hovering around S$0.405 each, up S$0.020 a share, or 5.195 per cent, at the time trading was halted around 03.18pm. More than three million shares changed hands.

Referring to the unusual trading volume and sharp hike in its stock price, Tat Hong said:"The board wishes to inform shareholders that the company has been approached by certain parties in connection with a potential transaction in relation to the securities of the company."

"The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions."


It has appointed Rippledot Capital Advisers as its financial adviser in connection with such approaches.

[odie]

Hot stock: Tat Hong shares surge 16% after trading resumes
FRI, SEP 22, 2017 - 1:49 PM UPDATED FRI, SEP 22, 2017 - 5:48 PM
NAVIN #~@NavinSreBT
CRANE specialist Tat Hong Holdings, which resumed trading on Friday, gained 12.3 per cent or S$0.05 to S$0.455 as at 1.31pm.

More than 8.4 million shares changed hands during the early session, a significant jump from the three million shares traded before the trading halt was requested at 3.18pm on Thursday.

It finished the day 16 per cent higher at S$0.47; some 14.8 million shares changed hands, landing it among the top 20 most active counters on the market.

The halt was requested on Thursday following a 5 per cent jump in its share price. Tat Hong later revealed it had been approached by certain parties on a potential transaction.

"The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions," Tat Hong said in a filing to the Singapore Exchange.

Tat Hong will make make further announcements as deemed appropriate, it said.

[zuolun]

Golden Agri ~ AB=CD Pattern, TP S$0.425

Golden Agri closed with a gravestone doji unchanged @ S$0.38 with 4.17m shares done on 22 Sep 2017.





Malaysian palm oil price erases gains on weaker soyoil, profit taking ~ 22 Sep 2017
http://www.thestar.com.my/business/business-news/2017/09/22/palm-erases-gains-on-weaker-soyoil-profit-taking/

• Palm oil futures for October closed @RM2,748 on 22 Sep 2017.
• Palm oil futures for December closed @ RM2,737 on 22 Sep 2017.
• Support at RM2,700 and RM2,660, resistance at RM2,800 and RM2,850.

[zuolun]

Wilmar ~ Trading in a downward sloping channel, TP S$2.98

Wilmar closed with a hammer @ S$3.23 (-0.02, -0.6%) with volume done at 4.44m shares on 22 Sep 2017.

Immediate support @ S$3.15, immediate resistance @ S$3.28.

Palm tumbles on ringgit rally, market slow awaiting fresh data ~ 8 Sep 2017
https://in.reuters.com/article/asia-vegoils/vegoils-palm-tumbles-on-ringgit-rally-market-slow-awaiting-fresh-data-idINL4N1LP2A6

Wilmar ~ Trading in a downward sloping channel, interim TP S$2.98

Wilmar closed with a spinning top @ S$3.24 (-0.02, -0.6%) with 3.65m shares done on 8 Sep 2017.

Immediate support @ S$3.19, immediate resistance @ S$3.28.

[zuolun]

Dow Theory: The Three-Trend Market
http://www.investopedia.com/university/dowtheory/dowtheory2.asp
In Dow theory, the primary trend is the major trend of the market, which makes it the most important one to determine. This is because the overriding trend is the one that affects the movements in stock prices. The primary trend will also impact the secondary and minor trends within the market.

Trading with primary and secondary trends
https://www.binaryoptions.net/trading-with-primary-and-secondary-trends/

[odie]

Zuolun bro, raffles medical looks like inverted h & s
1.05 to 1.15 to 1.25
Not sure if can jeep or not

[zuolun]

Zuolun bro, raffles medical looks like inverted h & s
1.05 to 1.15 to 1.25
Not sure if can jeep or not

RMG ~ Trading in a downward sloping channel, TP S$0.83

RMG closed with a spinning top @ S$1.105 (-0.005, -0.5%) with 2.06m shares done on 22 Sep 2017.



RMG ~ Bearish Double Top Breakout, neckline at S$1.26 ~ 10 Aug 2017



Bearish Double Top Breakout

[zuolun]

There are 3 types of Double Top Chart Patterns:

• Same high
• Higher than the last high
• Lower than the last high

Same High Double Top Breakout Chart Pattern



Example of Same High Double Top Breakout Chart Pattern : MTQ ~ 5 Aug 2015

MTQ peaked at high of @ S$1.785 on 10 Jun 2014 and hit a historical low of S$0.325 on 19 Sep 2017.

[zuolun]

横看成岭侧成峰，远近高低各不同。
不识庐山真面目，只缘身在此山中。

IHH ~ Bearish Diamond Top Breakout, downside biased

IHH closed with a hammer @ RM5.80 (-0.03, -0.5%) with 3.51m shares done on 22 Sep 2017.

Immediate support @ RM5.74, immediate resistance @ RM5.89.



IHH ~ Trading in a downward sloping channel

IHH closed with a spinning top @ RM5.99 (-0.02, -0.3%) with 3.72m shares done on 30 Aug 2017.

Immediate support @ RM5.86, immediate resistance @ RM6.05.

[zuolun]

Cautionary tale of research reports ~ 27 Feb 2016
http://www.thestar.com.my/business/business-news/2016/02/27/cautionary-tale-of-research-reports/

Sun Tzu's Art of War  孫子兵法之聲東擊西

In-house stock analysts' rating lingo:
“neutral” means SELL
“hold” means SELL
 “reduce” means SELL

IndoAgri's y-o-y earnings recovery already priced-in; once S$0.45 is broken convincingly...

Must "hold" = SELL / SHORT-SELL and prepare to buy-back / cover-short at lower prices.

IndoAgri (weekly) ~ Symmetrical Triangle formation



Malaysian palm oil price erases gains on weaker soyoil, profit taking ~ 22 Sep 2017
http://www.thestar.com.my/business/business-news/2017/09/22/palm-erases-gains-on-weaker-soyoil-profit-taking/

• Palm oil futures for October closed @RM2,748 on 22 Sep 2017.
• Palm oil futures for December closed @ RM2,737 on 22 Sep 2017.
• Support at RM2,700 and RM2,660, resistance at RM2,800 and RM2,850.

IndoAgri 1H-earnings more than double to 28m on recovery in palm production ~ 28 Jul 2017
https://www.theedgesingapore.com/indoagri-1h-earnings-more-double-28-mil-recovery-palm-production

IndoAgri :  DBS Group Research rated “hold” TP S$0.49 ~ 24 Jul 2017

IndoAgri vs STI Index

[odie]

zuolun bro,

i buy more than my previous holdings of 12 lots for indoagri
currently holding 30 lots

tat hong i will add
but only at the right price

[zuolun]

zuolun bro,

i buy more than my previous holdings of 12 lots for indoagri
currently holding 30 lots

tat hong i will add
but only at the right price

你知道我在等你嗎?
https://www.youtube.com/watch?v=p_-_K8ynDb0

[zuolun]

“The most important thing to do if you find yourself in a hole is to stop digging.” ~ Warren Buffett

To average down or not?
https://jesse-livermore.com/average-down.html

• In practice, Jesse Livermore would have traded with the trend, against the “s-uckers” who were trying to average down.
• Since the stock price was falling, he would have sold it short and, as the price continued to fall, he would have pyramided his position.

Lean on me
https://www.youtube.com/watch?v=MYI0AoXlOwE

[odie]

zuolun bro,

my data pulse i ave down in Aug too
now holding 28lots ave price 33.9 cts
they are selling the property for 53.5m and buying back a smaller one for ard 10m.
there is a chance for special dividends

my golden agri 40 lots ave price ard 38.25 cts

indoagri ave price ard 46.6 cts

tat hong ave 36.6cts

still queuing for singtel ard 3.60
hope can hit

[zuolun]

zuolun bro,

my data pulse i ave down in Aug too
now holding 28lots ave price 33.9 cts
they are selling the property for 53.5m and buying back a smaller one for ard 10m.
there is a chance for special dividends

my golden agri 40 lots ave price ard 38.25 cts

indoagri ave price ard 46.6 cts

tat hong ave 36.6cts

still queuing for singtel ard 3.60
hope can hit

I'm bearish on IndoAgri and expect the share price to hit interim TP @ S$0.35, i.e. the chart dated 22 Jan 2016 is still valid.

I bought IndoAgri @ S$0.445 near the bottom in a "meltdown" on 3rd Dec 2008.

After a V-shaped rebound (from Oct 2008 to Dec 2010), IndoAgri collapsed again in a slow and steady manner (from S$2.92 to S$0.45 as at 19 Apr 2017, see IndoAgri's monthly chart below); I did not re-enter (long) because it hit a last low of S$0.40 on 28 Jan 2016.

As a rule of thumb or  in technical analysis, when a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.



IndoAgri ~ Bearish Bollinger Band Breakout, interim TP S$0.35

IndoAgri closed with a doji @ S$0.43 (+0.005, +1.2%) with 240,000 shares done on 22 Jan 2016.

Immediate support @ S$0.41, immediate resistance @ S$0.44.



IndoAgri's y-o-y earnings recovery already priced-in; once S$0.45 is broken convincingly...

SELL / SHORT-SELL and prepare to buy-back / cover-short at lower prices.

IndoAgri (weekly) ~ Symmetrical Triangle formation ~ 18 Sep 2017



IndoAgri rebounded and peaked @ S$2.92 on 8 Dec 2010 (see IndoAgri's monthly chart below; lower high Double Top Chart Pattern) and hit a historical low of S$0.40 on 28 Jan 2016.

IndoAgri (monthly) ~ Feb 2007 to 19 Apr 2017



IndoAgri Q2 profit more than triples to 99.3b rupiah (S$10.1 million) ~ 28 Jul 2017
INDOFOOD Agri Resources' net profit more than tripled to 99.3 billion rupiah (S$10.1 million), or 0.75 Singapore cent per share, in the second quarter of the year on the back of improved production and contributions from a Brazil sugar operation.

Indofood logs 11% profit rise in Q1

Higher palm oil sales lift Indonesia's largest food conglomerate

By Wataru Suzuki
28 April 2017

JAKARTA -- Indofood Sukses Makmur, Indonesia's largest food company, said on Friday net profit for the January-March quarter rose 11% year-on-year to 1.2 trillion rupiah ($90 million) thanks to better palm oil sales.

Revenue grew 8% to 17.83 trillion rupiah. Its core consumer branded products division, which includes instant noodles, milk, snacks and seasonings, posted a 6% increase in revenue and 16% rise in net profit. Analysts attributed the rise to higher selling prices of instant noodles.

In a news release, Indofood's President and Chief Executive Officer Anthoni Salim said the division outpaced growth in the overall market despite "increasing competition and weaker market demand."

Indofood's Singapore-listed agribusiness unit, Indofood Agri Resources, saw net profit jump 80% to 170 billion rupiah thanks to the rise of crude palm oil production as well as higher average selling prices. Indofood Agri controls plantations in Indonesia's Sumatra and Kalimantan.

Indofood's shares opened slightly higher on Friday morning before most of the gains were pared. Analysts have said consumer spending in Indonesia has yet to show signs of a major recovery, and that Indofood's earnings in the short term are likely to be determined by the fluctuation in commodity prices such as palm oil, wheat and skim milk.

On April 26, Indofood announced the sale of its remaining 29.94% stake in Chinese vegetable processing company China Minzhong Food for 235.5 million Singapore dollars ($168 million). The return on the China Minzhong investment has been lower than expected, the company said, and the sale will enable it to "further strengthen its financial position."

[zuolun]

Malaysian palm oil slips on weaker overnight soyoil prices ~ 29 Sep 2017
https://in.reuters.com/article/asia-vegoils/vegoils-palm-slips-on-weaker-overnight-soyoil-prices-idINL4N1MA23C

• Palm oil futures for October closed @RM2,707 on 29 Sep 2017.
• Palm oil futures for December closed @ RM2,696 on 29 Sep 2017.

Rabobank revises Q4 Malaysia crude palm oil price forecast higher to MR2,600/mt ~ 27 Sep 2017
https://www.platts.com/latest-news/agriculture/singapore/rabobank-revises-q4-malaysia-crude-palm-oil-price-27875235
Rabobank revised upwards its forecast of the Q4 2017 crude palm oil front-month futures price on Bursa Malaysia to MR2,600/mt or $618.09/mt in September, from an average of MR2,400/mt predicted in August, the company said in its commodity forecast note released Wednesday.

Malaysian palm oil price erases gains on weaker soyoil, profit taking ~ 22 Sep 2017
http://www.thestar.com.my/business/business-news/2017/09/22/palm-erases-gains-on-weaker-soyoil-profit-taking/

• Palm oil futures for October closed @RM2,748 on 22 Sep 2017.
• Palm oil futures for December closed @ RM2,737 on 22 Sep 2017.
• Support at RM2,700 and RM2,660, resistance at RM2,800 and RM2,850.

[zuolun]

In-house stock analysts' persistent BUY calls and price targets on Ezion were unanimously wrong (2 Jun 2014 to 22 May 2015)

WHY?

Because these in-house stock analysts are employees of their respective brokering firms and they must "toe the line".

An article written by Andre Wheeler on Ezion dated 13 July 2015 always reminds me to read ALL in-house analysts reports with "a pinch of salt".

Ezion Holdings: Hollow man or how inattention to industry fundamentals can kill ~ 13 July 2015
http://splash247.com/hollow-man-or-how-inattention-to-industry-fundamentals-can-kill/

In technical analysis, a stock that has made a new low is one that must be treated with caution and to be avoided buying for longterm investment.

Ezion ~ Bearish AB = CD

Ezion last closed with a black marubozu @ S$0.197 and had been suspended since 10 Aug 2017.



Should Ezion shareholders keep the faith?

Firm is 'ready to rumble' but the outcome of its bite-the-bullet plan hinges on lenders' goodwill

By Anita Gabriel
24 August 2017

WE all recognise that "good guy" in the boxing arena, enduring back-to-back jabs whom underdog-fans faithfully root for even as he staggers to the ground after a powerful upper cut from his opponent. Remember how we'd anxiously hope he would tap into his inner might, get up and punch back and knock his rival out of the ring?

That's how some may feel about Singapore-listed Ezion Holdings and its bout with a brutal oil slump that has left many of its peers in the offshore and marine space flat on the floor, flailing.

Those sentiments were manifested over a week ago when Asia's biggest liftboat operator disclosed a disastrous set of second-quarter results.

It was harder to stomach because this company had tried so valiantly to stand its ground since oil prices plumbed to lows in 2014 and, only now, seems most vulnerable when the commodity is on recovery.

Over a week ago, Ezion reported a second-quarter loss of US$2.57 million from a net profit of US$8.14 million a year ago this is its third straight quarter of being in the red with the chief culprits being depressed utilisation rates of its service rigs and offshore support vessels and weak charter rates.

There were blaring red flags - cash on hand has slid to US$94 million and operating cash inflow turned into an outflow of US$2.4 million. With borrowings of some US$1.5 billion and banks wary of taking on more risk given the soured loans in the oil and gas sector, the potential knock-on effect on Ezion's financing abilities - not immediately but eventually - very swiftly turned into a real worry.

But Ezion, majority owned by low-key and able chief executive Chew Thiam Keng, who built the firm up from a languishing electrical company in 2007 and not long after turned it into a thriving provider of offshore marine services to the oil and gas sector, did not let investors sit with that fear alone. It also imbued some hope, just a little but good enough - for now.

On Aug 14, the day of the results release, it called for a mandatory trading suspension (trading in its shares were halted since Aug 10). Shortly after, Ezion told shareholders about a make-it-or-break-it survival plan, which essentially involved talking to lenders (and maybe, also bondholders) to reform its financing and capitalisation structure.

"The exercise took the market by surprise as Ezion is seen as one of the 'last men standing' among SGX-listed asset owners in the O&G space, given its strong market positioning, positive operating cash flow (up to first quarter 2017) and decent cash balance," said DBS Group Research.

The outcome of Ezion's bite-the-bullet plan could take several months and hinges on goodwill from lenders and for believers, a Hail Mary, as Ezion itself somewhat admitted to when it asked for shareholders' "understanding and prayers" to achieve a favourable outcome.

Up to now, Ezion and its chief have done just about all they could given the hard times.

Last year, Mr Chew and wife, who is also a shareholder, ploughed a substantial amount of money into the company under a cash call. Based on data from Spiking, a home-grown app that tracks stock trades by sophisticated investors, Mr Chew has not sold any shares since 2014 - the year of the oil price crash.

In fact, he scooped up some four million Ezion shares between December 2014 and August last year between S$1.175 and 22 Singapore cents apiece.

Given that the counter was last traded at 19.7 Singapore cents, can there be better comfort than the fact that Ezion's fate partly lies in the hands of a reliable steward with skin in the game who had stood by the stock over and over again?

There were other endeavours. Earlier in the year, Ezion found breathing space when it negotiated a repayment plan with banks to match the cash flow of its rigs. In February, it inked a pact with one of China's largest state-owned power firms to diversify its income stream to offshore wind farms.

So, don't be mistaken. Ezion has not fallen it has not defaulted on debt nor is troubled like Swiber Holdings, Ezra Holdings or Nam Cheong.

This is Ezion fighting or as they call it in the boxing world, "ready to rumble" - the debt talks are pre-emptive in the event its cash position remains under pressure beyond three or four quarters.

But it's a "precarious" situation nevertheless, says UOB Kay Hian analyst Foo Zhiwei in a recent report. "A failure to get banks and bond-holders to agree to a debt deal could put the company in severe financial strain by next year, which could have dire consequences on its survivability," he added.

And so, for the sake of Ezion, a clear favourite in the offshore and marine space, may the best man win.

“The crowd always loses because the crowd is always wrong. It is wrong because it behaves normally.” ~ Fred C. Kelly

Cautionary tale of research reports
http://www.thestar.com.my/business/business-news/2016/02/27/cautionary-tale-of-research-reports/

In-house stock analysts' persistent BUY calls and price targets on Ezion were unanimously wrong (2 Jun 2014 to 22 May 2015)

[odie]

Tat Hong Holdings - OCBC Investment 2017-09-20: Cease Coverage

Tat Hong Holdings - OCBC Investment 2017-09-20: Cease Coverage TAT HONG HOLDINGS LTD T03.SI
Tat Hong Holdings - Cease Coverage

Tower Crane Rental segment growing.
Soft outlook.
Prolonged concern on overall recovery.



Mixed performance thus far

Over the past few years, industry players had been facing market weakness and competitive pricing pressures, and Tat Hong’s results have also been reflecting a mixed performance across its main business segments (Crane Rental, Tower Crane Rental, Distribution, General Equipment Rental).
Tat Hong’s 1QFY18 results continued to show softness albeit with some bright spots. Revenue was up 1% YoY to S$118.3m and was 7.4% higher QoQ.
All segments except Crane Rental recorded better revenues YoY – Tower Crane Rental (+8%), General Equipment Rental (+25%), and Distribution (+7%), but Crane Rental division was down 17% due to lower rental rates in Singapore, lower activity levels in Batam, and completion of projects in Hong Kong.
As margins were also weaker for the Crane Rental and Tower Crane Rental division, gross profit declined 13% to S$30.4m with a net loss of S$5.1m vs. S$3.6m in 1QFY17, mainly due to an absence of tax benefits for this quarter.


Some positive signs

As of the latest quarter, Crane Rental division accounted for ~27% of overall revenue, with Tower Crane Rental at 22%, General Equipment Rental at 12% and Distribution at 39%. Tower Crane Rental saw strong utilisation rates at ~81% with involvement in projects across the building, infrastructure, transport and power generation sectors.
General Equipment Rental division in Australia saw better utilisation rates with longer hire periods as well as new projects. Distribution revenue had better sales in Australia but lower demand for other markets, while we keep in mind that segment’s contributions can be lumpy.


Ceasing coverage

Management has noted some early signs of improved market sentiments in its key market Australia. The group also expects continued healthy demand in China, which bodes well for the Tower Crane Rental division.
However, weakness in ASEAN countries is likely to continue weighing on performance for its Crane Rental division. Thus against this backdrop, the group will continue with its cost control initiatives and fleet rationalization exercise.
With that said, due to an internal reallocation of resources, we are ceasing coverage on the stock.

[odie]

bro zuolun,

looking at elec and eltek, it is consolidating
dividend is in May 2018 next year ard US$0.06

if it hits US$1.1, i think can buy and keep some

[zuolun]

In-house stock analysts' persistent BUY calls and price targets on Ezion were unanimously wrong (2 Jun 2014 to 22 May 2015)

WHY?

Because these in-house stock analysts are employees of their respective brokering firms and they must "toe the line".

An article written by Andre Wheeler on Ezion dated 13 July 2015 always reminds me to read ALL in-house analysts reports with "a pinch of salt".

Ezion Holdings: Hollow man or how inattention to industry fundamentals can kill ~ 13 July 2015
http://splash247.com/hollow-man-or-how-inattention-to-industry-fundamentals-can-kill/

Morgan Stanley’s employee, Andy Xie was sacked with immediate effect because he did not "toe the line". ~ 4 Oct 2006

A banking star’s inconvenient Singaporean truth
http://www.asiasentinel.com/econ-business/a-banking-stars-inconvenient-singaporean-truth/

[odie]

China Hongxing Sports' ex-CEO makes S$20.5m offer to buy company's subsidiaries
THU, SEP 21, 2017 - 9:40 AM
CLAIRE #~@ClaireHuangBT
SINGAPORE-LISTED China Hongxing Sports Limited's former chief executive has made a 100 million yuan (S$20.5 million) offer to acquire the company's operating subsidiaries.

The purchase is carried out through Jiayao Investments Limited, owned by Denis Wu Rongzhao, China Hongxing's former CEO and executive director.

China Hongxing said under the proposed deal, it would dispose off all its businesses in China held under Profitstart Group Limited.

In a filing to the Singapore Exchange on Thursday morning, the company said the 100 million yuan package comprises 28 million yuan in cash, which is intended to be made available for distribution to minority shareholders only.


The Wu family comprising Wu Hanjie, Wu Rongguang, and Denis Wu, will renounce their rights to receive any dividend arising from the distribution of the cash consideration. The Wu family holds about 33 per cent of China Hongxing. The renounced dividends will be up to 9.24 million yuan.

ADVERTISING

SEE ALSO: Ex-China Hongxing CEO offers 100m yuan for operating units

There will also be a waiver by Mr Denis Wu and Mr Wu Rongguang of all the monies owed to them by China Hongxing, amounting to some 64.4 million yuan.

As at the date of the agreement, the buyer has paid the cash consideration in Singapore dollars into an escrow account held by a Singapore law firm acting as the escrow agent.

Alfred Cheong, independent director and chairman of the audit committee of China Hongxing said: "There is finally some light at the end of the tunnel for minority shareholders since the voluntary suspension of China Hongxing in 2011. As the efforts to resume the trading of the company's shares were not successful, this proposed disposal potentially offers some closure for minority shareholders, especially since the company faces a possible delisting.

"After the completion of the proposed disposal, the company will become a clean listed shell, which will be available for a reverse takeover in future."

[odie]

Aberdeen Singapore Equity Fund
Primary
By Industry
Quoted
Holdings
31/03/17
Units
Fair value
31/03/17
S$
Percentage of
total net assets
attributable to
unitholders
31/03/17
%
Basic Materials
Straits Trading 1,133,303 2,538,599 0.30
Consumer Goods
Delfi 5,393,600 12,027,728 1.44
Consumer Services
BreadTalk 3,296,800 4,417,712 0.53
ComfortDelGro 10,831,456 27,728,527 3.33
FJ Benjamin 5,817,000 325,752 0.04
iFAST 4,370,000 3,124,550 0.38
Jardine Cycle & Carriage 660,311 28,961,240 3.48
SBS Transit 1,046,000 2,688,220 0.32
67,246,001 8.08
Financials
Bukit Sembawang Estates 2,970,066 18,028,301 2.16
CapitaLand 7,009,000 25,442,670 3.05
CDL Hospitality Trusts 8,952,000 12,846,120 1.54
City Developments 5,763,300 58,785,660 7.06
DBS Group Holdings 4,067,155 78,902,807 9.47
Far East Hospitality Trust 13,250,000 7,950,000 0.95
Global Logistic Properties 8,823,000 24,527,940 2.94
Hong Leong Finance 3,501,933 9,455,219 1.14
Keppel DC REIT 6,500,000 7,800,000 0.95
Keppel REIT 10,825,193 11,366,453 1.36
Mapletree Commercial Trust 2,800,000 4,284,000 0.52
Oversea Chinese Banking Corporation 9,024,149 87,714,728 10.53
Singapore Exchange 2,688,700 20,702,990 2.49
United Overseas Bank 2,539,602 56,150,600 6.74
Wheelock Properties 9,440,000 17,605,600 2.11
441,563,088 53.01
Healthcare
Raffles Medical Group 21,854,470 30,924,075 3.71
Riverstone Holdings 5,867,200 5,075,128 0.61
35,999,203 4.32

Aberdeen Singapore Equity Fund
Primary
By Industry (cont’d)
Quoted
Holdings
31/03/17
Units
Fair value
31/03/17
S$
Percentage of
total net assets
attributable to
unitholders
31/03/17
%
Industrials
Fraser and Neave 456,100 1,053,591 0.12
Jardine Strategic Holdings 705,124 41,381,846 4.97
SATS 5,088,000 24,829,440 2.98
Singapore Post 3,000,000 4,065,000 0.49
Singapore Technologies Engineering 8,438,700 31,476,351 3.78
United Engineers 1,394,000 3,972,900 0.48
Venture Corporation 2,678,700 30,724,689 3.69
Yoma Strategic Holdings 26,434,700 16,918,208 2.03
154,422,025 18.54
Oil & Gas
Keppel Corporation 6,359,800 44,137,012 5.30
Telecommunications
Singapore Telecommunications 16,376,260 64,194,939 7.71
Portfolio of investments 822,128,595 98.70
Other net assets 10,805,398 1.30
Net assets attributable to unitholders 832,933,993 100.00

[odie]

Lereno Bio-Chem shoots for third RTO attempt as second one falls through
SAT, SEP 30, 2017 - 5:50 AM
NISHA #~@Nisha_BT
Singapore

CASH company Lereno Bio-Chem has been unsuccessful in its second reverse takeover (RTO) attempt after its sales agreement with Kenyalang Property Development Sdn Bhd fell through.

However, it has gone on to ink a new RTO pact with Knit Textile and Apparel.

"The

[zuolun]

Itoshigo Yo 愛し子よ(Beloved child 亲爱的宝贝)
https://www.youtube.com/watch?v=_YKO4FOBFM4

GL ~ Bearish Bat Chart Pattern

GL closed with a long-legged doji unchanged @ S$0.85 with 1.14m shares done on 29 Sep 2017.

Immediate support @ S$0.845, immediate resistance @ S$0.865.



GL ~ Bearish Bat formation

GL closed with a bullish three white soldier @ S$0.74 (+0.02, +2.8%) with 820,000 shares done on 2 Jun 2017.

Immediate support @ S$0.735, immediate resistance @ S$0.755.

[zuolun]

The Matthew effect: What seems high will go higher, what seems low will go lower.

• When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.
• When a stock is in a bull-market territory, the last high will be retested and the share price will move much further up, forming a new record high.

Ichimoku Clouds
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:ichimoku_cloud

Ichimoku Basics
https://www.youtube.com/watch?v=Y9QM8WRRWzE

How to identify a Bat, Butterfly and Gartley pattern
https://www.youtube.com/watch?v=fNyBHoWkjac

[zuolun]

屋漏偏逢连夜雨 ，船迟又遇打头风。

ComfortDelGro could lose more drivers, as number keen to jump ship hits over 3,000 ~ 29 Sep 2017
http://www.todayonline.com/singapore/more-3000-comfortdelgro-cabbies-could-join-rival-operators-grab

Warren Buffett: "The single most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10%, then you’ve got a terrible business."
http://www.businessinsider.com/warren-buffett-pricing-power-beats-good-management-berkshire-hathaway-2011-2

[zuolun]

Zuolun bro,
Sti like big head and shoulders
Stand by for plunge

The Matthew effect: What seems high will go higher, what seems low will go lower.

• When a stock is in a bull-market territory, the last high will be retested and the share price will move much further up, forming a new record high.
• When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low..

STI (weekly) ~ Trading in an upward sloping channel, upside biased

STI closed @ 3219.91 on 29 Sep 2017.
.
Immediate support @ 3178, immediate resistance @ 3275.



STI (Jan 1995 to 1 Mar 2017) ~ Trading in an upward sloping channel, upside biased

[odie]

zuolun bro,

thanks for advice
i sold my indoagri le at 44 cts, lose 2 cts
i also sold my tat hong at 48 cts, make 11.5 cts
overall, make 2k

now left golden agri
data pulse
forise
joyas
singtel

i am not so optimistic of this rally
i think it is long overdue for a dip already

[odie]

currently looking at APAC Strategic

Oei Hong Leong subscribing for its rights issue for the Company's China Property venture

[zuolun]

i sold my indoagri le at 44 cts, lose 2 cts

The gap created on 28 Jul 2017 was a decisive SELL signal on IndoAgri's chart.

IndoAgri ~ Descending Triangle Breakout, interim TP S$0.35

IndoAgri closed with a spinning top @ S$0.44 (-0.01, -2.2%) with 1.95m shares done on 2 Oct 2017.

Immediate support @ S$0.42, immediate resistance @ S$0.45.



Example of a Descending Triangle Breakout Chart Pattern : Loyz Energy



Descending Triangle Breakout

IndoAgri ~ Symmetrical Triangle formation

IndoAgri closed with an inverted hammer @ S$0.46 with 360,000 shares done on 15 Sep 2017.

Immediate support @ S$0.45, immediate resistance @ S$0.48.

[zuolun]

Ringgit falls after overseas funds sell stocks: Inside Malaysia ~ 2 Oct 2017
http://www.theedgemarkets.com/article/ringgit-falls-after-overseas-funds-sell-stocks-inside-malaysia

Understating forex losses, but on whose orders? ~ 1 Oct 2017
https://www.nst.com.my/opinion/columnists/2017/10/286072/understating-forex-losses-whose-orders

Country's reserves remain stable, says BNM ~ 29 Sep 2017
http://www.thestar.com.my/business/business-news/2017/09/29/country-reserves-remain-stable-says-bnm/
BNM said official reserve assets amounted to US$100.52bil, while other foreign currency assets amounted to US$1.25bil as at end-August 2017.

[zuolun]

苏小妹：

技术分析易学难精是因为关己则乱。以下中文技术分析（基本原理讲解）适合你学习和收藏。

理解日本蜡烛图（全片）
https://www.youtube.com/watch?v=6Fgwj181uG8

五種K線見頂信號，看見了趕緊跑
https://kknews.cc/finance/qa6k5r.html

1.  【十字星】



2.  【浪高線 】



3.  【長上影線】



4.  【T字線】



5.  【長下影線】



会卖股才算真高手  It's when you sell that counts
https://www.youtube.com/watch?v=8nk9bAQax3Q



技术分析： 一代过去，一代又来。地却永远长存。日头出来，日头落下，急归所出之地。风往南刮，又向北转，不住地旋转，而且返回转行原道。江河都往海里流，海却不满。江河从何处流，仍归何处……。已有的事，后必再有。已行的事，后必再行。日光之下并无新事。

Technical Analysis: History repeats itself. The future is but a repetition of the past..."What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun."

[zuolun]

i am not so optimistic of this rally
i think it is long overdue for a dip already

The Matthew effect: What seems high will go higher, what seems low will go lower.

How to identify a strong uptrend on a chart?

• Price is moving up at a 45° angle from the lower left to the upper right side of the chart.
• Price is trading above the 200 SMA, price action has been making higher highs and higher lows.

[zuolun]

The Matthew effect: What seems high will go higher, what seems low will go lower.

Two important rules in trading:

• Never catch a falling knife.
• Buy the dips in an uptrend, sell the rallies in a downtrend.

A falling knife in the stock market refers to a stock that experiences a sharp decline and it may collapse 50% to 90% from its breakout/pivotal point, before bottoming out.



How to identify the trend?
https://www.youtube.com/watch?v=EbFUuSmuhVs

[zuolun]

SingTel ~ Triple Top formation, downside biased

SingTel closed with an inverted hammer @ S$3.69 (+0.01, +0.3%) with 16.9m shares done on 4 Oct 2017.

Immediate support @ S$3.65, immediate resistance @ S$3.74.



Telstra hits five-year low on dividend concerns ~ 28 Sep 2017
http://www.theaustralian.com.au/business/companies/telstra-hits-fiveyear-low-on-dividend-concerns/news-story/92866121969371b8efad6a96f89c5571
Telstra’s shares fell as low as $3.44 during the session before closing at $3.48, down 1.4% and the lowest daily close since April 2012.



Telstra ~ Fall off the cliff

Telstra closed @ A$4.40 (+0.17, +4.02%) on 5 May 2017.



When a stock is in a bear-market territory, the last low will be retested and the share price will move much further down, forming a new record low.

[odie]

zuolun bro,

singtel shareholders are waiting for special dividend from Netlink trust ipo

datapulse got $0.005 dividend
Co has not yet announce when pay

their disposal of property approved already, i m now waiting for special dividend

[zuolun]

Bharti Airtel Limited @ RS 378.80 on 5 Oct 2017.
http://economictimes.indiatimes.com/bharti-airtel-ltd/stocks/companyid-2718.cms



Rupee (INR) drops sharply against US dollar (USD)  ~ 3 Oct 2017
https://www.ndtv.com/business/rupee-inr-drops-sharply-against-us-dollar-usd-today-5-things-to-know-1757834

• On 29 Sep 2017, the rupee had ended @ 65.28 against the US dollar.
• On 28 Aug 2013, the rupee fell to a record low of 68.85 against the US dollar.
• In 1966, the rupee was pegged against the US dollar @ Rs 4.75/$

Singtel to buy stake in Thailand's Intouch, boost holding in India's Bharti Telecom ~ 18 August, 2016
https://www.cnbc.com/2016/08/17/singtel-to-buy-stake-in-thailands-intouch-boost-holding-in-indias-bharti-telecom.html
Singtel to buy Temasek stakes in InTouch, Bharti Telecom for S$2.47b.

SingTel to up stake in Bharti Airtel for $657 mn; Temasek books huge loss ~ 18 August, 2016
https://www.vccircle.com/singtel-stake-bharti-airtel-657-mn-temasek-books-huge-loss/
Temasek had acquired 4.99% effective stake in Bharti Airtel through a deal worth $2 billion (S$3 billion back then) in FY08. It had entered into an agreement to buy the stake in July 2007 when the stock valuations were nearing their peak.  Temasek is taking back just about one-third of what it invested in Singapore dollars and half of what it had put in US dollars, into Bharti Airtel, its single biggest India investment to date.

Turkish lira hits 5-months high against US dollar  ~ 2 Jun 2017
https://www.dailysabah.com/finance/2017/06/02/turkish-lira-hits-5-months-high-against-us-dollar
The U.S. dollar/Turkish lira (TL) exchange rate dropped to TL 3.5140 Friday, marking the lowest level it has seen this year.

Turkish Lira down 67% against the US dollar since 2008.



Hiccups at Turkish ops not hurting IHH ~ 29 May 2017
http://www.thestar.com.my/business/business-news/2017/05/29/hiccups-at-turkish-ops-not-hurting-ihh/
However, RHB Research believed that there would be an impact on the group’s quarterly earnings in the first half of the year stemming from start-up losses from Gleneagles HK, which began operations in March 2017.

IHH facing wrath of volatile Turkish lira ~ 23 May 2017
http://www.thestar.com.my/business/business-news/2017/05/23/ihhs-lira-problems/
IHH that has a substantial interest in Turkey wants to reduce its risk in the country due to the currency volatility of the lira against the US dollar and the spiralling medical inflation there.

IHH Healthcare Q1 net profit doubles to RM470m ~ 21 May 2017
http://www.thesundaily.my/news/2017/05/21/ihh-healthcare-q1-net-profit-doubles-rm470m
IHH Healthcare Bhd (IHH) saw its net profit in the first quarter (Q1) ended March 31, 2017 double to RM470 million, from RM235.5 million in the previous corresponding quarter, following a RM313.4 million gain from its divestment of a non-core 6.07% stake in Apollo Hospitals.

[zuolun]

zuolun bro,

singtel shareholders are waiting for special dividend from Netlink trust ipo

datapulse got $0.005 dividend
Co has not yet announce when pay

their disposal of property approved already, i m now waiting for special dividend

If SingTel's support @ S$3.65 breaks down and hit critical support @ S$3.52 with high volume, it's a confirmation of a Bearish Bollinger Bands Breakout.

SingTel ~ Triple Top

SingTel closed with a doji unchanged @ S$3.68 with 34.9m shares done on 6 Oct 2017.

Immediate support @ S$3.65, immediate resistance @ S$3.74.



Broker's take: DBS Group Research flags upside potential for Singtel

By Tan Hwee Hwee
2 Oct 2017

DBS Group Research flagged potential upside to Singtel's share price, noting a valuation discount on the telco's shares versus its regional peers.

In its Oct 2 research note, DBS stated that despite about 38 per cent rise in the valuation of regional telco stocks over the last three years, Singtel has been flattish perhaps due to mounting losses in its digital businesses.

But it highlighted an official guidance from Singtel for narrower digital losses for FY18 as well as the telco's digital advertising arm achieving an earlier-than-expected earnings break-even.

"Singtel's core plus digital business is trading at only 5.6 times of its EV/EBITDA (enterprise value to earnings before interest, tax, depreciation and amortisation multiple) compared to seven times for M1, nine times for StarHub, and 7.5 times regional telco average," the research note stated.

Instead of bundling the core and digital businesses together, which will lead to a lower EV/EBITDA multiple, the research note argued that investors ought to value the core business at seven times EV/EBITDA and the digital business separately even as the latter is not profitable yet.

It projected that Singtel could pay special dividends of S$600 million to S$1.5 billion taking forecast FY18 yield to between 6 per cent and 7.5 per cent without breaching a two times net debt to EBITDA ratio.

It valued Singtel at a target price of S$4.30, with a 17 per cent upside compared to the stock's last traded price of S$3.68.

[odie]

JOINT VENTURE WITH KBS PACIFIC ADVISORS PTE. LTD.
(II) RECEIPT OF ELIGIBILITY-TO-LIST FOR THE PROPOSED LISTING
OF KEPPEL-KBS US REIT
1. Introduction
Keppel Corporation Limited (“KCL”) refers to its announcement dated 14 September 2017 on its
plans to carry out an initial public offering (the “IPO”) and listing of a US commercial real estate
investment trust on the Main Board of Singapore Exchange Securities Trading Limited (the “SGXST”)
which will be jointly sponsored by Keppel Capital Holdings Pte. Ltd. (“Keppel Capital”), a
wholly owned subsidiary of KCL, and KBS Pacific Advisors Pte. Ltd. (“KBS Pacific Advisors”).
KCL wishes to announce that Keppel Capital has today agreed to acquire from KBS Pacific
Advisors a 50% interest in Keppel-KBS US REIT Management Pte. Ltd. (“Keppel-KBS US REIT
Manager”) for an aggregate consideration of USD27,500,000 (“Purchase Consideration”, and
such acquisition, “Acquisition”). Keppel-KBS US REIT Manager is the proposed manager of
Keppel-KBS US REIT, which is intended to be an authorised1 real estate investment trust listed on
the SGX-ST.
2. Keppel-KBS US REIT and Receipt of Eligibility-To-List
Keppel-KBS US REIT will have an investment strategy of principally investing, directly or indirectly,
in a diversified portfolio of income-producing commercial assets and real estate-related assets in
the key growth markets of the United States. The initial public offering portfolio will consist of 11
office assets which will be injected into Keppel-KBS US REIT by KBS Strategic Opportunity REIT,
Inc (“KBS SOR”), which is a fund managed by KBS Capital Advisors LLC (“KBS”).
KCL is pleased to announce that the SGX-ST has today issued its eligibility-to-list letter (“ETL
Letter”) for the proposed IPO and listing of Keppel-KBS US REIT (the “Proposed Listing”). KCL
wishes to reiterate that no decision has been made as to whether the Proposed Listing will take
place and there is currently no certainty that KCL will proceed with the Proposed Listing. The receipt
of the ETL Letter is only one of the requirements which have been met to enable KCL to proceed
with the Proposed Listing when it considers it appropriate to do so. The Proposed Listing will be
 1 Please note that the application for the authorisation of Keppel-KBS US REIT has been submitted to, and is currently under
review by, the Monetary Authority of Singapore.
2
subject to, among other things, market conditions, the relevant regulatory and other approvals
being obtained and the execution of definitive agreements by the relevant parties.
Further details of the Proposed Listing will be announced at the appropriate time.
3. KBS
The partners of KBS Pacific Advisors are: (i) Peter McMillan III, (ii) Keith D. Hall, (iii) Rahul Rana,
and (iv) Richard Bren. Peter McMillan III and Keith D. Hall are two of the founding partners of KBS,
and together they indirectly hold a 1/3 stake of KBS. KBS performs the role of manager of KBS
SOR, which is in turn the vendor of the properties forming the initial public offering portfolio of
Keppel-KBS US REIT.
4. Rationale
This Acquisition is part of Keppel Group’s strategy to expand its asset management business into
new geographies and asset classes. Keppel Capital is pursuing both organic and inorganic growth
opportunities to increase the contribution of recurring asset management profits for Keppel Group.
With growing demand by global investors for US real estate investments in view of the continued
stable and sustainable growth of the US economy, this joint venture will provide Keppel
with a strategic platform to expand its geographic footprint in the US market.
This joint venture is intended to combine Keppel Capital's expertise in investor management,
capital markets, and REIT treasury and financial management together with KBS’ investment and
asset management expertise of over 25 years in US commercial real estate.
5. Acquisition Structure and Purchase Consideration
The Acquisition will be effected through the issue of 50% interest in the capital of Keppel-KBS US
REIT Manager, which is subject to and effective on the listing and admission to trading of the units
of Keppel-KBS US REIT on the SGX-ST.
The Purchase Consideration was arrived at on a willing-buyer, willing-seller basis, taking into
account the projected net income before tax of the Keppel-KBS US REIT Manager, asset
management services to be provided by the US asset manager, and future acquisition sourcing
and support by KBS.
6. Financial Effects
The Acquisition is not expected to have any material impact on the earnings per share or net
tangible assets per share of KCL for the current financial year.

think they may use K1 venture as company to rto

[zuolun]

TPG closed @ A$4.92 on 6 Oct 2017.



TPG Seals Record $2 Billion for Fund Co-Led by Bono ~ 4 Oct 2017
https://www.bloomberg.com/news/articles/2017-10-03/tpg-seals-record-2-billion-for-rise-impact-fund-co-led-by-bono

Why the TPG Telecom Ltd share price has plunged lower today ~ 20 Sep 2017
https://www.fool.com.au/2017/09/20/why-the-tpg-telecom-ltd-share-price-has-plunged-lower-today/
At the time of writing the telco company’s shares are down over 6% to $5.14.

[zuolun]

If SingTel's support @ S$3.65 breaks down and hit critical support @ S$3.52 with high volume, it's a confirmation of a Bearish Bollinger Bands Breakout.

The most powerful volatility breakout indicator is the Bollinger Bands. Relatively narrow band width can predict a big advance or decline. When volatility expands and a stock or index breaks out of a trading range, it signals a change to a period of higher volatility and a possible directional move.

Bollinger Bands Breakout
https://www.youtube.com/watch?v=HHOA-Dzv37U

The significant difference between price crashing down on low volume and price crashing down on high volume
Sometimes, certain signals could only be visible on the chart when the share price starts its unusual / volatile movement (up or down all in a row, with or without volume). Bollinger bands are very powerful technical indicator. When using it as a key indicator, volume is not necessarily required, instead, the breakout (upside or downside) at the upper or lower Bollinger band is more important. Likewise, in a downtrend, volume is not required for a downside breakout at support level. However, in an uptrend, volume is necessary for an upside breakout at resistance level. A price drop (or rise) on high volume all in a row is a stronger signal indicating that something in the stock has fundamentally changed.

Example (1) of a Bearish Bollinger Bands Breakout : DairyFarm



Example (2) of a Bearish Bollinger Bands Breakout : COASTAL



Example (3) of a Bearish Bollinger Bands Breakout : OSK

[zuolun]

The most powerful volatility breakout indicator is the Bollinger Bands. Relatively narrow band width can predict a big advance or decline. When volatility expands and a stock or index breaks out of a trading range, it signals a change to a period of higher volatility and a possible directional move.

ST Engg ~ Bearish Double Top Breakout, interim TP S$3.23

ST Engg closed with a dragonfly doji @ S$3.39 (-0.01, -0.3%) with high volume done at 5.98m shares on 6 Oct 2017.

Immediate support @ S$3.34, immediate resistance @ S$3.43.

[zuolun]

The most powerful volatility breakout indicator is the Bollinger Bands. Relatively narrow band width can predict a big advance or decline. When volatility expands and a stock or index breaks out of a trading range, it signals a change to a period of higher volatility and a possible directional move.

SENDAI (5205) ~ Bollinger Bands Breakout

SENDAI closed with a spinning top @ RM0.935 (+0.045, +5.1%) with high volume done at 12.4m shares on 6 Oct 2017.

Immediate support @ RM0.84, immediate resistance @ RM0.94.

[zuolun]

The most powerful volatility breakout indicator is the Bollinger Bands. Relatively narrow band width can predict a big advance or decline. When volatility expands and a stock or index breaks out of a trading range, it signals a change to a period of higher volatility and a possible directional move.

SIA Engg ~ Bearish Bollinger Bands Breakout

SIA Engg closed with a hammer @ S$3.19 (-0.03, -0.9%) with high volume done at 6.01m shares on 6 Oct 2017.

Immediate support @ S$3.15, immediate resistance @ S$3.25.

[zuolun]

Warren Buffett: "The single most important decision in evaluating a business is pricing power. If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10%, then you’ve got a terrible business."

Optus to roll out Massive MIMO (multiple-input multiple-output) from end-2017 ~ 2 Oct 2017
https://www.telecomasia.net/content/optus-roll-out-massive-mimo-end-2017

Singtel Optus uses MVNO to prepare for TPG competition ~ 20 Sep 2017
https://sg.finance.yahoo.com/news/singtel-optus-uses-mvno-prepare-045000602.html
Optus has contributed 20.9% to SingTel's profit before tax (PBT).

As competition heats up, Singtel brings out unlimited mobile plans ~ 15 Sep 2017
https://www.techgoondu.com/2017/09/15/competition-heats-singtel-brings-unlimited-mobile-plans/
Singtel is offering a unlimited mobile plan that lets users call, surf and text as much as they want, just a fortnight after rivals M1 and StarHub rolled out similar offerings in an increasingly competitive market.

Falling prices force a rethink of telco stocks ~ 11 Sep 2017
http://www.theaustralian.com.au/business/wealth/falling-prices-force-a-rethink-of-telco-stocks/news-story/5032d693275c73d1ccfcb08f24b8c716

• The problem facing stocks in the sector now is a lack of pricing power leading to margin pressures both in fixed line and mobile. Ultimately the only conclusion is that the companies are selling a commodity (data) and the price of that commodity will continue to fall.
• When you compare the business model of a telco to that of a mining company there are actually quite a few similarities: both have high capital expenditure requirements, whether building mines or building networks, and both have limited control over the commodity they sell.

[zuolun]

How to identify a strong uptrend on a chart?

• Price is moving up at a 45° angle from the lower left to the upper right side of the chart.
• Price is trading above the 200 SMA, price action has been making higher highs and higher lows.

Dollar rises for fourth straight week amid strong economic data ~ 7 Oct 2017
https://www.bloomberg.com/news/articles/2017-10-06/dollar-reverses-gain-on-speculation-of-north-korea-missile-test

• Fed rate-hike odds rise as unemployment figures beat estimates
• Geopolitical concerns see dollar relinquish post-NFP gains

[zuolun]

The most powerful volatility breakout indicator is the Bollinger Bands. Relatively narrow band width can predict a big advance or decline. When volatility expands and a stock or index breaks out of a trading range, it signals a change to a period of higher volatility and a possible directional move.

IHH ~ Bearish Diamond Top Breakout, interim TP RM5.13

IHH closed with a doji @ RM5.67 (-0.03, -0.5%) with 810,000 shares done on 9 Oct 2017.

Immediate support @ RM5.58, immediate resistance @ RM5.69.



IHH ~ Bearish Diamond Top Breakout, downside biased

IHH closed with a hammer @ RM5.80 (-0.03, -0.5%) with 3.51m shares done on 22 Sep 2017.

Immediate support @ RM5.74, immediate resistance @ RM5.89.



Example of a Bearish Diamond Top Breakout Chart Pattern :  Sarine Tech



Bearish Diamond Top Breakout Chart Pattern