Monday, December 30, 2013

********* Trading Buy: Ntegrator. Share price 0.067. (Rebounding on break above immediate resistance)

Ntegrator has just cleared the immediate 0.066 resistance. Likely to test 0.07 in the coming days. Strong volume seen today on this break up. A break above 0.07 can open the way to 0.075 to 0.077. Has consolidated about  a week below 0.066 only to see some strength on selected pennies again.
Stop loss at 0.063.

*********** Trading BUY: Nam Cheong. Share price 0.305. (More upside to new up phase if supported above 0.300)

Nam Cheong has been consolidating below the 0.300 for the whole year of 2013, only to break above it today on high volume and nearing 2014. As long as it stays above 0.300 now, it can be a new uptrend to a target of 0.32 to 0.35 in the short term. Note that it has been trading above the 200 DAY MA consistently since last year which signifies that the longer term trend is still pointing upwards. Upward sloping channel support line still intact as seen and support well. Possible to hold to ride the next phase upward. TOP 10 VOLUME seen currently on this breakout which shows interest and upward momentum finally.
Maybank KE – 11 December 2013
#SG O&M:  Maybank-KE maintains its Overweight outlook on the Offshore & Marine sector for 2014, with the house expecting offshore oil and gas activities to gain momentum as the industry gravitates towards the development phase.
Led by national oil companies with national agendas for energy security, spending is more secular than cyclical, and as spending percolates through the value chain, offshore construction, installation and subsea activities will pick up and in turn benefit the offshore shipyards and oilfield services players.
The house opines that the rig building industry is in the midst of a multiyear up-cycle, with strong demand for shallow-water jackups already evident, and US drillers such as Transocean have started to upgrade their fleet.
According to Wood Mackenzie, at least 95 additional deep-water floaters are needed from 2016 to 2022 to exploit discoveries in deep-water. As such, the house project a return in deep-water floater orders (particularly semi-subs) from 2014 as (1) utilisation rates have breached 90%, (2) day rates are rising, and (3) only four semi-subs are to be delivered beyond 2016
 The robust rig building activities underline the house view that the OSV market is poised for a cyclical rebound, as more rigs entering the water would fuel demand for support services.
Overall, the house top Buys in the sector are Sembcorp Marine, Nam Cheong, Ezion and Vard. Top Sells include CoscoCorp and Yangzijiang.

Tuesday, December 10, 2013

********* Potential upside on Breakout: Charisma Energy. Share price 0.064. (Range bound at the moment, lets see if the 0.066 can clear ?)

Charisma Energy has cleared the immediate resistance at 0.062 yesterday and stayed above today on top 5 volume. Current range would be from 0.062 to 0.066. Critical resistance can be seen at 0.066 which was the high set in Oct and also today’s high. A break above 0.066 can see it test 0.07 then 0.074 fast. Aggressive traders can consider entering on breakout for more short term momentum upside.
Stop loss at 0.059.