SGX Singapore Technical Analysis Outlook 25 Sept

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Publish date: Thu, 25 Sep 2014, 07:05 PM

Market Review for STI:
Singapore shares fell down 1.82 points to close at 3,290.99. Asian shares are not stable and the market depends on the real time data which are not in favour of the stocks. The high of the day was marked at 3303.16 and the low of the day was marked at 3284.20.

STI Day Performance
Open	3301.69
High	3303.16
Low	3284.20
Close	3290.99
Change(Points)	-1.82
% Change	-0.06%
Volume	1234.3M
Rise	179
Fall	195
Unch	755

Market forecast for STI:
As the market is moving sideways we cannot expect a clear trend either bullish or bearish. It will depend on the opening on next trading session and also the economic factors affecting it.

STI LEVELS
Support 1	Support 2	Support 3	Resistance 1	Resistance 2	Resistance 3
3253.86	3222.59	3180.00	3308.55	3340.35	3370.00

Technical Indicators:
RSI is at 41.25 and CCI is at 94.15

Top Gainers			Top Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
SEMBCORP MARINE.SG	3.78	1.61	OLAM INTL.SG	2.42	-1.22
NOBLE.SG	1.39	1.46	ST ENGINEERING.SG	3.66	-0.81
HONGKONGLAND USD.SG	7	1.16	CAPITAMALL TRUST.SG	1.905	-0.78
GOLDEN AGRI-RES.SG	0.51	0.99	KEPPEL CORP.SG	10.48	-0.76
GENTING SING.SG	1.14	0.88	CITYDEV.SG	9.59	-0.72

Important Factor for today:-

Singapore eDevelopment is planning to issue listed and secured perpetual bonds of up to $300 million with an 8% annual coupon and a share of annual profits of property development projects to be funded, as well as a 100-to-one consolidation of its shares, to accelerate its strategy for corporate recovery.
With a moneylender's license in hand, ValueMax can now officially accept a wider range of collateral, especially properties. This business segment may be a new growth driver, with high margins of about +70%. We expect ValueMax to add about SGD25m in loans for this segment from now until FY15 - which would boost our FY15F NPAT by 17% to SGD16.7m.
ISOTeam's FY14 PATMI of SGD6.1m beat our earnings estimates by 43%, representing c.100% y-o-y growth (excluding one-off disposal gains in FY13). Growth outlook remains strong as R&R and A&A segment growth may be driven by government initiatives to rejuvenate mature housing estates and refurbish schools. We raise PATMI estimates for FY15F/16F by 33%/43%. Maintain BUY with raised DCFbased TP of SGD0.77.
OSIM's results were mostly in line with our expectations. 2Q14 was a slightly softer quarter due to the challenging retail conditions in South Asia, in our view. Nonetheless, its net profit of SGD29.5m still marked a record quarter, and is a testament to the company'sgrowing all-round strength. We are excited about the company's plans for the rest of the year and maintain BUY, with our TP still at SGD3.85.
AusNet Services is facing two new class actions in relation to bushfires that occurred in February 2014 in Yarram and Mickleham.
Wilmar International said on Thursday that the Australian Competition and Consumer Commission (ACCC) will not oppose plans by the company and First Pacific to buy Goodman Fielder for S$1.7 billion.
Singapore mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential's Asia asset management arm East spring Investments.

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