14th July 2009
Morning Highlights The market gapped up due to overnight Dow Jones gain. It is now struggling to hold on to 2305.96. ***The Quick Picks referred herein contain overnight positions from yesterday. Please do be informed that we suggest to only entering one trade for either COSCO or NEPS since both of them belong to the same industry and both stocks carry about the same volatility. Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. Bearish Stocks (Singapore): Symbol Name Entry SL TSL TP Remarks 1 SCMN Sembcorp Marine Ltd 2.49 2.61 2.37 Triggered– Covered Position at 2.55 (Loss) 2 COSCO COSCO Corp Singapore Ltd 1.12 1.20 1.04 Look out for support at 1.06 Triggered – Square OFF at 1.12 (CLOSED) 3 NEPS Neptune Orient Lines Ltd 1.39 1.48 1.30 Triggered – Square OFF at 1.39 (CLOSED) 4 YAZG Yangzijiang Shipbuilding Holdings Ltd 5 SWBR Swiber Holdings Ltd 6 MERMAID Mermaid Maritime Public Co Ltd 7 KPLM Keppel Corp Ltd 6.53 6.58 6.48 CANCELLED!! 8 IFAR Indofood Agri Resources Ltd 1.00 1.14 0.86 CANCELLED!! Side Notes: Here the update on Mid-Term Short Trading given on 7th July 2009. <Holding Period should not go beyond 1-2 months> Bearish Stocks (Singapore): Symbol Name Entry SL TSL TP Remarks 1 HIPI Hi-P International Ltd 0.56 0.63 0.49 Loss – current price at 0.58 (CLOSED) 2 BIOS Biosensors International Group Ltd 0.455 0.51 0.49 Loss - current price at 0.475 (CLOSED) 3 EZRA Ezra Holdings Ltd 1.13 1.23 1.19 1.03 Loss – Hit SL at 1.23 4 IFAR Indofood Agri Resources Ltd 1.14 1.32 SWBR 0.96 Profit – current price at 1.06 (CLOSED) 5 SWBR Swiber Holdings Ltd 0.825 0.89 0.855 0.76 Profit - current price at 0.735 (CLOSED) 6 COSC Cosco Corp Singapore Ltd 1.23 1.33 1.27 1.13 Profit – current price at 1.12 (CLOSED) Stock Prices last updated at 16:15 (Singapore Time) On 8th June, we can see that the volume traded is very heavy. Please refer to the snap screen attached below. When market open higher then previous bar but close below previous bar low, it indicates a warning sign of a possible continuation of the upward trend. Do practice cautious trading until further notice. There are some activities on Singapore Airport Terminal Services. We will update the activities later in the afternoon. Let’s take a break from here. Afternoon Highlights Bullish Stocks (Singapore) 1 WLIL Wilmar International Ltd 5.25 5.21 5.29 For Aggressive Trader. Conservation Trader can choose to wait for 5.32 to break then enter. 2 SIAT Singapore Airport Terminal Services Ltd 2.23 2.13 2.33 3 OSIL OSIM International Ltd 0.425 0.395 0.455 Absolute Value is very low. Will need a lot of commitment for the shares to go up. The Moving Averages are converging on the STI daily. If the moving averages ever cross, there might be a possibility that the downward is very limited and a possible uptrend could establish. In fact, we spotted a double bottom on STI daily chart. Refer to STI Daily Chart attached. Double bottom could be an early signal that the market might not drop any further, instead, it might go up. Hence, all investors who have been following our thread please cover all short positions if possible or even take some profit! Please look out for Financial Stocks if the stock market reverse and goes up, in particular to the 3 banks, namely DBS, UOB & OCBC! In Summary, We have 2 Long Positions for overnight. Furthermore, we are waiting for the Moving Averages on the STI Daily Chart to cross. Judging from the MA’s strength, downside has reduced. Nonetheless, all long positions (if any) are to be taken with small risk until an uptrend is confirmed. From the charts, property stocks might not perform if there is a breakout upward. Sectors that are more likely to trend is Banking and Shipping (esp. Keppel Corp) Information on Earning Reports for Singapore Listed: 23rd July 2009 (Thursday): Keppel Corp 2QFY09 3rd August 2009 (Monday): OCBC 2QFY09 4th August 2009 (Tuesday): SembCorp Marine 2QFY09 5th August 2009 (Wednesday): NOL 2QFY09 5th August 2009 (Wednesday): SGX 4QFY09 5th August 2009 (Wednesday): UOB 2QFY09 7th August 2009 (Friday): DBS 2QFY09 13th August 2009 (Thursday): Noble 2QFY09
We see a quick long position for Wilmar – Buy at 5.24, Stop Loss at 5.17, Take Profit 5.31. Though there is an opportunity setup for Wilmar, personally we do not advise to enter since the market is testing 2305.96. (REVISED: SCROLL BOTTOM TO BULLISH STOCK SECTION FOR LATEST UPDATES!) 
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