************** Potential Breakout: Cache Logistic. Resistance at 1.14.

Cache has been trading below the 1.14 resistance for about 3 months already after breaking down in Nov last year. Currently testing the 1.14 level again after testing it 4 times but so far unable to cross above it. A slight Bullish Ascending triangle formation seen with horizontal resistance at 1.14. A break above 1.14 and 1.15 can pave the way to 1.20 to 1.22 level. Entry on breakout

Stop loss at 1.09.

 

 

OCBC – 22 JAN 2014

Cache Logistics Trust: As steady as ever
Cache Logistics Trust (CACHE) announced FY13 DPU of 8.644 S cents, up 3.3%. This is in line with our full-year DPU forecast of 8.59 S cents. For 2014, only 3% of its GFA are due for renewal, thus giving CACHE strong earnings stability. Management also revealed that CACHE is currently in advanced negotiations with its Sponsor and end-users for the lease renewals coming in 2015, which we view positively in light of the upcoming supply of warehouse space. On the acquisition front, CACHE shared that Singapore, China and Malaysia continue to be its key markets. In addition, management reiterated that it will seek redevelopment opportunities and built-to-suit projects. We are keeping our forecasts largely intact pending any development. However, in view of impending Fed tapering, we reduce our fair value to S$1.20 from S$1.30 to reflect higher equity risk premium and risk free rate. But maintain BUY as upside remains compelling.

 

***********Consolidating before breakout: Memstar..... ( Get ready for the outburst !)

Following up from Previous call seen below in Jan 2014, Memstar has seen consolidated from 0.122 to 0.130 range for the past 2 weeks. Can consider accumulating within this range for any potential breakout above the 0.130 psychological resistance level. Any Break above 0.130 can see it push higher further to find a new high before consolidating again. Supported at 0.122 which also coincides with the 20 DAY Short term MA.

Stop los at 0.117 for long positions before breakout. Average up if the 0.131 clears.

 

 

Sent: Wednesday, January 22, 2014 1:01 PM
Subject: ******** Trading BUY: Memstar. Share price 0.114. (Water plays continue to be strong)

 

Memstar has broken away from consolidation phase above 0.112 at TOP 2 volume. Currently at a new recent high, can continue to push higher to 0.120 in the short term before some retracement in profit taking. Still a positive if it manages to stay above psychological 0.110 support level.

Stop loss at 0.108.

 

NEWS – 22 Jan 2014

*Memstar: Prominent local investor Alan Wang who runs the high profile fund Asdew Acquisitions purchased another 9m shares @ $0.106 on 20 Jan, raising his stake to 7.3% from 6.97%.

 

 

********** Downtrend in placed: Tiger Air. CFD SELL if support breaks down....

Tiger has been on a downtrend since beginning of last year. Seems like no end in sight at the moment. A break below 0.415 then 0.400 can see it go lower. CFD sell trade if support breaks down with target to 0.35 first. Only a break up above 0.46 can indicate an end to the down trend and a possible short term reversal upwards.

 

 

NEWS – 20 FEB 2014

#Tiger Air: SCB downgrade to U/p with TP $0.31. The house notes that Tiger Airways reported normalised losses of $30mn in 3QFY14, as chronic overcapacity in Singapore resulted in an $8.8m operating loss against expectation of a marginal operating profit.
Losses from the associates ballooned to a staggering $111.4mn. Although we are positive on Tiger’s ‘assetlight’ strategy, and believe it will take time to bear fruit and forecast associate losses of $264m and $ 61m in FY14E and FY15E, respectively.
Overall downgrade Tiger to Underperform from In-Line in view of expectation of losses.

 

********** Trading SELL: NOL. CFD sell trade only...... (Weakess in placed....)

NOL has broken the 0.98 support yesterday and traded lower again today. Seem like more downside in placed in view of weak results reported last week. Might consolidated from 0.95 to 0.98 first before more downside. A break below 0.95 can see it got o 0.900 in the short term. Can hold short positions to ride the downside and take profit along the way. Buyers looking for a rebound can consider accumulating near 0.900 if the support holds for a quick trade.

Stop loss at 1.01.

 

NEWS – 21^ST FEB 2014

*NOL: 4Q13 net loss deepened to US$137.2m (+51% y/y), but FY13 net loss of US$76.3m beat estimates, buttressed by a US$200m gain from sale of NOL Building. 4Q13 revenue dipped 7% to US$2.3b, dragged down by weaker liner business due to capacity management and lower freight rates. Core EBIT widened its loss to US$82m (+46%) with both liner (-US$101m) and logistics (US$19m) delivering worse off performances. Net gearing deteriorated to 1.87x from 1.44x , while NAV slipped to US$0.80 from US$0.83 a year ago.

 

 

*********** Potential breakout: Nam Cheong...... (UPTREND very much in place......)

Following up from previous call made on End Dec 2013. Nam Cheong has indeed staged an incredible breakout and traded to a high of 0.345 before retracing back. For the past 2 months, we have seen it trade within the 5 cents range from 0.300 to 0.35, supported strongly above 0.300. Seem like it is going to test the CRITICAL 0.35 resistance level again where Volume has been strong for the past few days in expectation on solid results. Those waiting for the breakout can accumulate some within this range and hold for the longer term outlook. Can average up at 0.355 and 0.36 for more upside.

Stop loss wide at 0.29

 

OCBC 27 FEB 2014 - Nam Cheong: Reaching for the sky
Summary: Nam Cheong Limited delivered a record set of results for FY13, with revenue and PATMI growing 43.5% and 50.6% to MYR1,257.5m and MYR205.6m, respectively. The latter exceeded our FY13 forecast by 9.8%. This was partly due to a one-off reversal of deferred tax, excluding which Nam Cheong’s FY13 profit before tax (PBT) of MYR199.2m (+43.8%) would have been 2.0% above our PBT forecast. Management guided that it is targeting to deliver 35 vessels worth a total of US$700m in FY15, ahead of our estimate for 32 vessel deliveries, and also higher than its FY14 target. We lift our target PER peg from 8.5x to 9.5x in recognition of Nam Cheong’s solid execution track record and robust industry outlook. Applying this to our FY14F EPS estimate which has also been raised by 4.9%, we derive a higher fair value estimate of S$0.42 (previously S$0.37) on Nam Cheong. Maintain BUY

 

Maybank KE 27 FEB 2014- Nam Cheong Ltd - On even keel (BUY, TP SGD0.41, NCL SP, Offshore & Marine)

4Q13 PATMI beat our and consensus expectations due mainly to tax reversal. DPS of SGD 1.0 cent proposed. 2015 shipbuilding programme to consist of 35 vessels worth USD700m, marginally above our forecast. Maintain BUY. Raise TP to SGD0.41, pegged to 9x FY14E P/E.

 

 

*********** Trading Buy: Indo Agri. Price 0.86.

Following up from Previous Post as seen below, Indo Agri has indeed traded higher after breaking above the 0.800 resistance level previously. Has consolidated briefly below the 0.85 level before breaking out again today. More upside can be possible to 0.90 psychological level. As long as 0.85 holds as new support level, we are short term bullish and can consider taking profit from 0.88 to 0.91.

Stop loss at 0.835

 

 
  Sent: Friday, February 14, 2014 11:15 AM
Subject: ********* Trading Buy: Indo Agri - Cleared 0.800 and Short term MA.............

 

Can expect to see more upside to 0.85 if the 0.800 holds as new support. Now at 0.805. Has just broken above the 20 DAY MA Green line after more than a month which can signal a short term reversal upwards.

Stop loss 0.785

 

********* Potential Upwards Reversal: CNA Group. ( Can the 0.128 and 0.130 clear ?)

Posted to our clients this morning when CNA was 0.124… TESTING 0.130 NOW !

Sent: Monday, February 24, 2014 12:07 PM
Subject: ********* Potential Upwards Reversal: CNA Group. ( Can the 0.128 and 0.130 clear ?)

 

CNA has been trading below 0.128 resistance level for more than a week. High seen today also at 0.128 where it tested on TOP 20 volume but to no avail. Range is currently from 0.118 to 0.128. Any breakout above 0.128 and 0.130 can see it move higher to 0.140 to 0.160 level (200 DAY MA). Note that a breakout above the 0.130 also signal a move up above the 20 DAY SHORT TERM MA which will serve as a short term uptrend confirmation also.

Stop loss at 0.116

 

 

************ Monitor for More upside: Vallianz. Share price 0.161.

Following up from trading call made last week. Vallianz has indeed traded higher on the breakout to test the resistance at 0.160. Immediate resistance stands at 0.162 level which was the high set last week. Volume remains strong today at TOP 10 and seems likely to test the 0.162 again and any break above can again signal a push to new recent high. Target can be to 0.170 to 0.180 range in the short term.

Stop loss at 0.154. Let’s see if the 0.162 manages to clear out. As mentioned previously, it has kind of broken out of its downtrend by breaking above that critical  0.150.

 

 

 

*************** Trading BUY: Noble Group. Share price 1.01....

Sent: Thursday, February 20, 2014 9:41 AM
Subject: **************** Trading BUY: Noble Group. Share price 1.01....

 

Noble has broken up the Critical 1.00 support turned resistance which it has been trading below for about a month. As long as it manages to stay above the new 1.00 support now, possible to see it rise to 1.05 to 1.08 target level before some pullback. Top 5 volume seen today on this breakout.

 

********* Trading BUY: RH Petrogas. Broke 0.56 resistance..... NOW AT 0.57

Sent: Thursday, February 20, 2014 3:46 PM
Subject: ********* Trading BUY: RH Petrogas. Broke 0.56 resistance..... NOW AT 0.57

 

Has cleared the 0.56 IMMEDIATE resistance on Top 30 volume today, something brewing ?  Tested 5 times over the past 3 weeks and finally manage to clear above today. Next target to 0.600 the 0.65.. 0.56 resistance level also coincides with the 20 day short term MA.

Stop loss at 0.545

 

REPOST: ************ May continue uptrend on breakout: Hankore. Share price 0.119.

NOW AT 0.126, Seems like it is really testing the 0.125 CIRITCAL Resistance level, can it clear genuinely……..

 

 

Sent: Monday, February 17, 2014 11:40 AM
Subject: ************ May continue uptrend on breakout: Hankore. Share price 0.119.

 

Hankore has staged a strong breakout above the channel resistance downward sloping line last Friday. Quite a convincing breakout seen on Top volume previously. This could mean a reversal of the short term down trend. Next resistance to watch is the psychological 0.120 level which is also the high for today. At this price level it has also lifted above the 20 DAY Short term MA which can signal strong short term momentum. A break above 0.120 can pave the way to 0.125 which was the previous high in Jan last month. Lets see whether sellers at 0.120 get cleared out?

Stop loss at 0.114

 

 

News – 17 February 2014

*HanKore: 2QFY14 net profit rose 20% y/y to Rmb29.4m as revenue surged 245% to Rmb197.9m on the back of higher contruction revenue of Rmb116.1m (+12-fold) arising from work performed in Xianyang, Yangzhou and Nanjing Liuhe plants, maiden contract revenue of Rmb25.5m and recurring water treatment income of Rmb56.3m (+18%). Gross margin eased to 39% from 51% due to higher construction mix. Bottomline was weighed by higher admin (+52%), repair and maintenance (+385%) and finance expenses (+35%), coupled with tax increase attributed to newly acquired Jiangsu Tongyong.

 

REPOST *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?) - NOW 0.089...

Now at 0.089, Let’s see if it manages to stay above the 0.090 psychological level as mentioned yesterday…….

 
Sent: Monday, February 17, 2014 2:58 PM
Subject: *********Potential breakout play on volume: Otto Marine. Share price 0.086. (Can the 0.088 clear ?)

 

Otto Marine currently at TOP 10 Volume has broken the 0.083 immediate resistance. Likely to trade within the range of 0.083 to 0.088 within the next few days. Monitor closely for a breakout above 0.088 and confirmation at 0.090….. if it does happen, poised to trade higher on momentum to 0.095 to Critical 0.100 resistance level. Also note the pulling away upwards from the 20 DAY MA Green line finally after being alongside for the past 1 week.

Stop loss at 0.081

NEWS - 13 February 2014

*Otto Marine: Clinched a US$11.3m long term charter contract for its 2,800 bhp AHTS vessel, Go Emerald, to be deployed in Western Australia.

 

************ Trading BUY: Vallianz. Share price 0.152. Broken out of Downtrend finally...

Vallianz has broken up above the downtrend line (which can signal a change in direction upwards). Even the 0.150 resistance level which also coincides with the 20 DAY MA short term Green line has been convincingly cleared. As long as it stays above 0.150, more upside likely back to 0.160 to 0.180 range.

Stop loss at 0.147.

 

 

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Sent: Monday, February 10, 2014 10:31 AM
Subject: ******** May stage a rebound: Vallianz. Share price 0.145. (To clear 0.150 convincingly)

 

Vallianz has been consolidating from 0.140 to 0.150 for the past week. A break out above the downtrend channel resistance line at 0.150 can signal a move back up. Possible to touch 0.160 then which is the 20 DAY MA line. Possible to acumulate within range for a potential rebound.

 

********** May continue uptrend on breakout: Hankore. Share price 0.119.

Sent: Monday, February 17, 2014 11:40 AM
Subject: ************ May continue uptrend on breakout: Hankore. Share price 0.119.

 

Hankore has staged a strong breakout above the channel resistance downward sloping line last Friday. Quite a convincing breakout seen on Top volume previously. This could mean a reversal of the short term down trend. Next resistance to watch is the psychological 0.120 level which is also the high for today. At this price level it has also lifted above the 20 DAY Short term MA which can signal strong short term momentum. A break above 0.120 can pave the way to 0.125 which was the previous high in Jan last month. Lets see whether sellers at 0.120 get cleared out?

Stop loss at 0.114

 

 

News – 17 February 2014

*HanKore: 2QFY14 net profit rose 20% y/y to Rmb29.4m as revenue surged 245% to Rmb197.9m on the back of higher contruction revenue of Rmb116.1m (+12-fold) arising from work performed in Xianyang, Yangzhou and Nanjing Liuhe plants, maiden contract revenue of Rmb25.5m and recurring water treatment income of Rmb56.3m (+18%). Gross margin eased to 39% from 51% due to higher construction mix. Bottomline was weighed by higher admin (+52%), repair and maintenance (+385%) and finance expenses (+35%), coupled with tax increase attributed to newly acquired Jiangsu Tongyong.

 

********* Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds) - REPOST

Now at 0.118, finally manage to break out on TOP VOLUME TODAY……

 

Sent: Monday, February 03, 2014 12:34 PM
Subject: ********* Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds) - REPOST

 

Still a buy as long as 0.108 holds………

 

 

 

Sent: Monday, January 27, 2014 5:05 PM
Subject: ******** Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds)

 

Possible to accumulate Hankore from 0.108 to 0.110 as it nears the critical support again. A play on rebound back to 0.120 to 0.125 level which is the resistance set in Jan. Including today support has held for about 3 times after testing it already. Short positions on breakdown.

Stop loss at 0.106 strictly as support have been broken at 0.108.

 

********** Downside in the short term before rebound: KLW. Share price 0.037. REPOST - NOW 0.035

REPOST - NOW 0.035

 

Sent: Thursday, February 13, 2014 4:04 PM
Subject: ********** Downside in the short term before rebound: KLW. Share price 0.037.

 

Seems like it is unable to hold above the 0.038 support and buyers at 0.037 pulling out at the moment. A convincing breakdown with buyers completely taken out at 0.037 and 0.036 can see it go to 0.034 then 0.030. Note that it has also broken below the channel support line (Upward sloping) a few days back which can signal some change to downtrend. Those with long positions might want to consider to cut loss first.

 

 

******** Trading BUY: Kris Energy. Share price 0.755, Broke out of consolidation. Rebound possible.

Kris Energy has broken out of consolidation phase above 0.75 this morning. If it manage to stay above this, likely to see a rebound back to 0.800 to 0.900 range. Rising on stronger volume today also on the back of a Overweight report by HSBC which states that stock offers a 51% potential return. At this level, it has also cleared above the 20 DAY MA Short term line after more than a month which can signal some momentum in the coming days. A break above 0.800 could be further confirmation of the upwards retracement after the huge sell down last month.

Stop loss at 0.735.

 

 

13 February 2014

NEWS: *KrisEnergy: Acquires 1,300 km of 2D seismic data in the East Muriah PSC in the East Java Sea, Indonesia. Group holds a 50% working interest in the East Muriah PSC, which contains the East Lengo gas discovery and covers 3,751 sqm km in offshore East Java. This seismic acquisition preceds the drilling of an appraisal well planned for 3Q14.

 

13 February 2014

 

 

********* Potential Downside on break of support: OEL. Share price 0.084. (SELL)

Sent: Wednesday, February 12, 2014 1:08 PM
Subject: ********* Potential Downside on break of support: OEL. Share price 0.084. (SELL)

 

Support at 0.085 seems to have broken for now. Let’s see if it still manages to stay above 0.085 in the next few days.

If the 0.084 and 0.083 buyers are taken out further, this could serve as a confirmation. Target to 0.080 then 0.076. CFD sell play on more downside.

 

 

******** Trading Buy on New High: Jason Hldgs. Share price 0.335. - REPOST. NOW AT 0.36.

Still a buy with target to 0.400. Raise stop loss to 0.335. Now at 0.36. Top 30 Volume still seen at the moment.

 

 

 

Sent: Friday, February 07, 2014 12:00 PM
Subject: ******** Trading Buy on New High: Jason Hldgs. Share price 0.335.

 

Jason Hldg has broke a new high by clearing the Critical resistance at 0.300 a few days back. A short term target to 0.35 to 0.40 can be possible. As long as 0.300 holds as new support, upside still possible.

Stop loss at 0.285

 

 

********** Trading SELL: SGX. Share price 6.77. (Broken immediate support at 6.80)

SGX has traded lower on a weaker market since breaking below the 6.95 support level last week. Even immediate support at 6.80 has been tested and broken down today. Likely to see more downside with a near term target to 6.50. Those looking to accumulate again and average down can consider buying on dips when it nears that level, otherwise a short opportunity is presented at the moment to ride the potential downside. Has been forming lower highs since June last year as seen in downward sloping line and eventual break of horizontal support at 6.95.

Stop loss at 6.84 for CFD Short positions

 

********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower) - REPOST , NOW 3.94

REPOST – NOW AT 3.94, still a sell on weak market……

 

Sent: Wednesday, January 29, 2014 2:50 PM
Subject: ********* Downside on breakdown: Semb Mar. Share price 4.07. ( Needs to stay above 4.00 now or can head lower)

 

Semb Mar has been trading above the 4.10 CRITICAL support level which has held for more than 2 years since January 2012. For the past few days we have seen it test this support again on market weakness and seems like it is not holding as well as it should be like the rest of the time over the 2 years. Today’s low at 4.07 currently and yesterday low at 4.06 would probably set a temp support before 4.00 psychological support level. A break below 4.00 would be a confirmation and target can be to 3.65 – 3.70 range. Aggressive traders can consider short positions to ride the downside if it does not climb back up above 4.10. Those looking to accumulate again for long can enter below the 3.75 level if it does dip.

Stop loss 4.13 for CFD Short positions

 

********* SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support. - REPOST

REPOST – now at 1.70, , see whether the support breaks down convincingly….

 

 

Sent: Monday, February 03, 2014 11:51 AM
Subject: ********** SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support.

 

Potential sell trade if 1.70 support does not hold. Target to 1.60 then 1.55 first. Has been trading above the 1.70 support level for more than a year already and it is nearing is again with low today at 1.71 currently.  Buyers are stacked there at the moment but more downside if they get taken out eventually. Watch for sell opportunity if market weakens and support breaks

Stop loss at 1.72 for Short positions on breakdown.

 

******** Next Potential Breakdown: GLP. Support at 2.80 tested. CFD SELL Play - REPOST

Support broken as mentioned previously, CFD SELL OPPORTUNITY…… NOW 2.77…..

 

 

Sent: Wednesday, January 29, 2014 3:42 PM
Subject: ******** Next Potential Breakdown: GLP. Support at 2.80 tested. CFD SELL Play

 

GLP is currently testing its 2.80 psychological support after the 2.83 did not hold today. Low today currently at 2.79. Can see huge buyers at 2.78 at the moment where it would be a temp support level. Potential downside if the 2.78 buyers get taken out, where we can see downside to 2.74, 2.70 then 2.62 level. Note that it has also traded below the 200 DAY MA dotted blue line over the past 2 days on a weaker market which can also signal some change in trend to the downside.

Stop loss at 2.83 for CFD Short positions

 

 

 

********* Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds) - REPOST

Still a buy as long as 0.108 holds……… NOW 0.112 which is immediate resistance to clear first….

 

 

 

Sent: Monday, January 27, 2014 5:05 PM
Subject: ******** Buy on Dips: Hankore. Support at 0.108. (Positive near term as long as it holds)

 

Possible to accumulate Hankore from 0.108 to 0.110 as it nears the critical support again. A play on rebound back to 0.120 to 0.125 level which is the resistance set in Jan. Including today support has held for about 3 times after testing it already. Short positions on breakdown.

Stop loss at 0.106 strictly as support have been broken at 0.108.

 

*********** SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only. (REPOST)

REPOST

 

Sent: Thursday, January 30, 2014 9:40 AM
Subject: *********** SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only. (REPOST)

 

Still a SELL as Temp support at 1.38 broke today too………………

 

 

Sent: Tuesday, January 28, 2014 4:38 PM
Subject: ************ SELL: Genting SP. Share price 1.39. (Can it stay above 1.40 ? ) - CFD Sell trade only.

 

Genting has broken below the 1.41, 1.40 support which it has held since September 2013 last year. More downside can be possible if it does not stay above this support level. As long as 1.40 remains as new resistance level, near term bearish with downside target to 1.35 to 1.30. CFD Sell trade opportunity as a result. Temp support at 1.38 which is today’s low also, a break below this can see it go to 1.35 fast.

Stop loss at 1.42.

 

*********** Sell on Potential Breakdown: Yanlord. CFD SELL. Can next support hold ?

Yanlord has broke immediate support at 1.12 last week on a weak market. Can the critical psychological level at 1.10 hold now? Potential downside to 1.00 if it breaks down. Quite a clear BEARISH head and shoulder pattern formation with neckline at 1.15 broken previously. An opportunity to sell on break of support for more downside.

Stop loss at 1.13 for CFD Short trades

 

 

********** SELL on breakdown: CapMallAsia. Share price 1.715. Monitor for break of support.

Potential sell trade if 1.70 support does not hold. Target to 1.60 then 1.55 first. Has been trading above the 1.70 support level for more than a year already and it is nearing is again with low today at 1.71 currently.  Buyers are stacked there at the moment but more downside if they get taken out eventually. Watch for sell opportunity if market weakens and support breaks

Stop loss at 1.72 for Short positions on breakdown.