****** Potential Breakout: Yangzijiang. Share price 1.185. ( Testing the 1.20 soon......)

Monitor closely for a Potential breakout for Yangzijiang above the Critical 1.20 Psychological resistance level. A break above the level can see it go to 1.26 to 1.30 fast which was the high seen in March last year. Aggressive traders can consider entering some long positions in wait for the breakout and average up on this break.. Currently at TOP 5 Volume while making this attempt. Consistently above the 20 day MA (Green line) since the break above 0.98 level last month which shows that upward momentum still intact in the short term, even market  weakness last week has seen it rebounded fast on any pullback. Huge sellers at 1.20 at the moment but after that its free to go and we can expect to see buyers coming in if resistance clears out.

Stop loss at 1.18 for long positions on this breakout.

 

UOBKH – 10 Oct 2013

 

 

******** Accumulate on Dips: Starhub. Share price 4.31. ( Resistance at 4.40 strongly) REPOST - HAVE BROKEN up above the 4.40 resistance level NOW 4.45

REPOST – HAVE BROKEN up above the 4.40 resistance level, more upside can be possible as mentioned below

 

 

Posted 14 Oct 2013 (Monday) - Starhub has been trading consistently above the 20 DAY MA ( Green Line) for about a month and has rebounded upwards every time it nears this support. Current support at 4.30 which also coincides with this short term support line. Likely to consolidate from 4.30 to 4.40 within the next few days with resistance strongly at 4.40. This was the high set in Aug also which is attempted but failed to break. Can consider accumulating this defensive counter on market weakness and wait for the break of 4.40. For longer term investment, can buy more on dips below 4.15 level. A break above 4.40 can see it potentially go to 4.60 then 4.80 where profits can be taken first.

 

Maybank KE – 21^ST August 2013

StarHub: Green Is The New Gold; Upgrade to Buy TP $5.13
Ø  Upgrade to BUY. We think margin guidance is too conservative and StarHub can do better, especially if iPhone 5S disappoints. Also, now that BPL cross-carriage is sorted out, we think Pay TV subscribers losses will reverse as early as 3Q13. Ø  We also like the new CEO’s enterprise-oriented strategy to drive future growth and margins. Mr Tan wants fixed network services to be the second largest contributor (now 15%) after mobile (50% of revenue), given that enterprise margins are higher than consumer.Ø  The stock is now a BUY with a Street-high TP of SGD5.13. Our DCF-based TP has been raised following 3-7% upward revisions to FY13-15 forecasts and a higher terminal growth rate.

 

 

******* Accumulate on Dips: Starhub. Share price 4.31. ( Resistance at 4.40 strongly)

Starhub has been trading consistently above the 20 DAY MA ( Green Line) for about a month and has rebounded upwards every time it nears this support. Current support at 4.30 which also coincides with this short term support line. Likely to consolidate from 4.30 to 4.40 within the next few days with resistance strongly at 4.40. This was the high set in Aug also which is attempted but failed to break. Can consider accumulating this defensive counter on market weakness and wait for the break of 4.40. For longer term investment, can buy more on dips below 4.15 level. A break above 4.40 can see it potentially go to 4.60 then 4.80 where profits can be taken first.

 

Maybank KE – 21^ST August 2013

StarHub: Green Is The New Gold; Upgrade to Buy TP $5.13
Ø  Upgrade to BUY. We think margin guidance is too conservative and StarHub can do better, especially if iPhone 5S disappoints. Also, now that BPL cross-carriage is sorted out, we think Pay TV subscribers losses will reverse as early as 3Q13. Ø  We also like the new CEO’s enterprise-oriented strategy to drive future growth and margins. Mr Tan wants fixed network services to be the second largest contributor (now 15%) after mobile (50% of revenue), given that enterprise margins are higher than consumer.Ø  The stock is now a BUY with a Street-high TP of SGD5.13. Our DCF-based TP has been raised following 3-7% upward revisions to FY13-15 forecasts and a higher terminal growth rate.

 

 

******** Rebounding back up more: YHM. Share price 0.061.

Following up from previous Buy call made on Wednesday. YHM has broken out of the 0.056 resistance level faster than expected and traded higher. Current trading range would be from 0.060 to 0.065. Likely to consolidate within this range or lower above the next support at 0.056 before more upside. A break above 0.065 can see it go to 0.070 then 0.074 fast which was the high set last month. Quite a strong rebound seen after the whole designated counters debacle. As long as it stays above 0.060 psychological support, more short term upside in placed.

Stop loss at 0.058 for long positions now.

 

 

NEWS – 30 September 2013

 

******** Trading Buy: Mermaid. Share price 0.37. ( More upside potential seen)

Mermaid has been trading below the 0.36 resistance level for about 4 months only to convincingly break above today on high volume with a high at 0.38 touched. At this level, you can see that it has also just crossed above the 200 DAY (Long term MOVING AVERAGE) which can also signal a change to upward trend. Target to 0.40 then 0.42 in the near term. High set in May was 0.42 so we can potentially see it attempt to touch this level again. As long as 0.35 stays as new psychological support level which is also the 200 DAY MA support, bullish in the short term.

Stop loss at 0.34.

 

********** Still holding strongly: OKH Global. Share price 0.745 (Holding firmly above 0.700 despite pennies weakness)

OKH has been consolidating strongly from 0.700 to 0.76 for about a month already. Despite market weakness in pennies over the past few days, we have seen it still trade above key support level at 0.700 before bargain hunters come back in. Can consider accumulating on dips near 0.700 support level for any potential rebound back up. Resistance at 0.76 critically, a break above this can pave the way to 0.80 fast. Aggressive traders can average up on the breakout of 0.76 if the 0.765 and 0.77 clears out.

Stop loss at 0.69 strictly.

 

******** Accumuate on dips at a Bargain: YHM. Share price: 0.053. (Consolidating at the lower end now)

YHM has since traded down from a high of 0.074 touched last month on weak market sentiments on pennies over the past few days. Like to consolidate from 0.048 to 0.056 in the coming days as the market stabilizes for pennies and when we can to see people start to bargain hunt at a much lower price. Consider accumulating when it near support at 0.048 to participate in any rebound when market recovers. A good time to accumulate pennies which were dragged down but has nothing to do with the 3 designated counters.

Stop loss at 0.046

 

********** Potential Rebound: Mirach Energy. (Possible to rebound back up to 0.400 then 0.44)

After the huge sell down seen last week, we have seen pennies slightly stronger and rebounding of their lows. Mirach has just crossed above immediate resistance at 0.32 level which was also the high of yesterday. Next resistance at 0.35 then 0.40. Can consider for a short term trade back up for any rebound like that seen in August 2013 for Mirach. As long as 0.32 remains as support, still bullish in the short term.

Stop loss at 0.31