************ Trading BUY: Amplefield. Share price 0.053...

Amplefield has broken the immediate resistance at 0.052, trading below since oct last year. Likely to see it trade upwards to test 0.058. A break above 0.060 can pave the way back up to above 0.070 (Look at the gap it can clear). TOP 30 Volume seen currently. Have been consolidating upwards along channel support line since December last year where uptrend still in place uness broken below.

Stop loss at 0.048.

 

REPOST ********* Ausgroup: Immediate resistance cleared, can it stay above 0.265 now ?

Following up from previous post: Ausgroup has indeed tested the 0.300 psychological level today on TOP 5 Volume and 0.305 now clearing, may see more upside if new support forms at this level. Raise stop loss up at 0.285 now. Target to 0.35 to 0.38 first.

 

Sent: Wednesday, March 05, 2014 2:03 PM
Subject: ********* Ausgroup: Immediate resistance cleared, can it stay above 0.265 now ?

Ausgroup has cleared the immediate resistance at 0.265 ON TOP 20 Volume which it has traded below for more than a month. Hit a high of 0.275 today. Can see more momentum upwards to 0.300 level if it manages to stay above 0.265 now. Can see a new consolidation phase on the chart with the breakout.  Buyers coming in to stack at this new support level currently….

Stop loss at 0.245.

 

REPOST ********** Potential trade opportunity: OKH Global. Share price 0.58.... ( More upside on the break of 0.600....)

Following up from previous call made to clients last week, OKH has indeed tested the 0.600 today with a high at 0.605. More confirmation needed for this breakout. The clearing of sellers at 0.605 and 0.61 will serve as a confirmation of strength in the short term. Target to 0.65 then 0.700. Let’s see…. May be within the next few days…. Volume should be higher above 6m shares too..

Move Stop loss up at 0.585

 

 

Sent: Tuesday, March 04, 2014 1:03 PM
Subject: ********** Potential trade opportunity: OKH Global. Share price 0.58.... ( More upside on the break of 0.600....)

OKH Global has cleared immediate resistance at 0.58, seems likely to test 0.600 for more confirmation of upside momentum. A BREAK above 0.600 can see it go to 0.64 then 0.700. A series of higher lows has been forming since Dec which can signal some upward consolidation on strength.

Stop loss at 0.55.

********** CFD SELL trade on breakdown: Yanlord. Price: 1.105. (Nearing support again, can it hold ?)

Yanlord has traded and rebounded above the 1.085 support for more than a month already. Currently nearing this critical support, Short sell trade using CFD can be possible to ride the downside if support breaks down. Target to 1.05 then 1.00. From the chart, it can be seen to be trading in a downtrend channel since June last year forming lower lows on each temp rebound. That may happen again to find a new low below 1.08.

Buy Stop at 1.12

 

************ Vard: Broke immediate resistance at 0.925, target to 0.95 then 1.00...

Can try to accumulate from 0.93 to 0.94, a break above 0.95 can see it trade upwards fast.

Stop loss at 0.92.

 

Maybank KE – 26 February 2014

Vard Holdings - Bottoming out (Buy, TP SGD1.07, VARD SP, Oil & Gas)

-       4Q13 results disappointed with further cost overruns and delays in Niteroi yard. No dividend was declared for FY13.

-       While Niteroi yard’s performance was a negative surprise, the strength of underlying operations looks strong.

-       Maintain Buy, TP of SGD1.07x based on –1SD P/BV of 1.4x.

 

**************Olam: Still going stong. Price 1.96... may test 2.00 soon....

Olam likely to test the 2.00 psychological level after breaking the recent high at 1.95. Top 30 volume see currently on this breakout. As long as 1.95 is not broken down, we favor an up move with 2.00 and then 2.08 as next targets.

Stop loss at 1.935

 

5^th March 2014

Olam: Share price surged 6% following Noble's discussions in relation to a potential JV around its agri business.
Latest posting on 26 Feb, Barclays reiterates Overweight , TP $2.00 from $1.80, notes earnings tailwinds in both the short and long term. Says the turnaround story for Olam seems to be coming together with some idiosyncratic upside from weather patterns.
The dry weather in California and Brazil has led to an increase in prices for almonds, coffee and tomatoes, and will provide tailwinds to Olam’s earnings, while commissioning of agri terminal in Australia should also contribute to earnings.
The house revises FY14-16E earnings to reflect a higher exit rate for 1H14 earnings, but the events of the past two months could lead to c15-20% upside from these levels as well.

 

************* Sunvic Chemical: Consolidating in wait of Direction. Upside breakout at 0.685

Sunvic seems like it is consolidating at the moment from 0.65 to 0.68….. resistance at 0.68 would be barrier at the moment. A break above 0.68 with volume above 6m shares by noon can see it go to 0.700 then 0.75.

Stop loss at 0.635. Monitor closely for potential trade opportunity.

 

News – 3^rd March 2014

*Sunvic: 4Q13 net profit spiked 81% y/y to Rmb135.4m, while revenue accelerated 33% to Rmb1.84b. This lifted FY13 earnings to Rmb369.9m (+282%) and revenue to Rmb6.33b (+46%), driven by higher ASP and sales volume of acrylic acid & acrylate esters (AA & AE). Full year gross margin expanded to 14.8% (+2.5ppts). Management expects the long term sales contracts signed with certain major customers to underpin the high utilisation at its plants over the next few years. No dividends declared.

 

REPOST ********* Noble: Cleared immediate 1.08 resistance...... Price now at 1.09...

Following up from previous post last Friday, Noble has indeed traded higher and tested the 1.10 resistance today. 1.10 has been cleared, more confirmation if the 1.105 sellers clear out too…. Maybe good to go higher if support at 1.10 holds for now. Target to 1.12 then 1.16

 
  Sent: Friday, March 07, 2014 4:13 PM
Subject: ********* Noble: Cleared immediate 1.08 resistance...... Price now at 1.09...

 

Noble has cleared the 1.08 resistance level after breaking below it since early December last year. Have tested 1.10 which would be a psychological level to watch… a break above 1.10 can pave the way to 1.15 fast… Top 10 volume seen currently on breakout…. Can average up if the 1.10 clears out.

Stop loss at 1.065.

 

NEWS – 5^TH MARCH 2014

*Noble: Confirmed that it is currently engaged in discussions in relation to a potential JV around its agri business. A deal, if it materializes, is estimated to be worth potentially US$1b, with China agri giant, COFCO tipped by media as the potential buyer.