No Focus  For This Morning… though Mid Caps are more resilient to drop.

Morning Highlights

Index opened high at 2667.82 this morning, but failed to hold and came down. It traded at a low of 2606.05. There is a support at 2602.63.

Currently we don’t have a strong focus for today. Blue chips are weak, whereas mid caps are more resilient to drop.

Please do take a closer look at our Quick Picks. There are quite a number of changes made to the list.

As quoted from last week’s post, Yongnam is more suitable for long term investors, hence, we have decided to drop Yongnam on our end too.

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. <The Quick Picks referred herein contain overnight positions from Last Week>

Bullish Stocks (Singapore)

Symbol

Name

Entry

SL

TSL

TP

Remarks

1

BIOS

Biosensors International Group Ltd

0.615

0.56

 0.565

0.67

 Overnight – Current Price at 0.59
2 LIBH Lian Beng Group Ltd 0.355 0.32 0.39
3 DMXT DMX Technologies Group Ltd 0.34 0.305 0.375
4 YNAM Yongnam Holdings Ltd 0.32 0.29 0.35 LOSS – CLOSED at 0.31
5 CXLX China XLX-Fertiliser Ltd 0.565 0.455 0.525 0.675 Overnight – Current Price at 0.545
6 YAZG Yangzijiang Shipbuilding 1.04 0.93 0.98 1.15 Overnight – Current Price at 0.985
7 ECSH ECS Holdings Ltd 0.49 0.445 0.48 0.535 Took Half Profit at 0.51
Current Price at 0.51
8 SFLD Stamford Land Corp Ltd 0.405 0.38 0.43
9 CHOF CH Offshore 0.615 0.52 0.71  
10 CNFG China Fishery Group Ltd 1.4 1.29 1.51
11 SINW Sinwa Ltd 0.345 0.31 0.38
12 ROTE Rotary Engineering Ltd 1.29 1.19 1.22 1.39 Triggered – Current Price at 1.25
13 SIAT Singapore Airport Terminal Services Ltd 2.73 2.50 2.96
14 EZHL Ezion Holdings 0.84 0.79 0.89
15 HIPI Hi-P International Ltd 0.77 0.68 0.86
16 SINO Sinomem Technology Ltd 0.61 0.56 0.66
17 HSEN Hiap Seng Engineering Ltd 0.65 0.58 0.72 CANCELLED!

Stock Prices last updated at 18.14 (Singapore Time)

Afternoon Highlights

We have added new Trailing Stop Loss for all open trades. Be sure to note them down.

Please practice cautious trading for these few days. Avoid adding on to existing positions!!

Index trade low of 2599.68. Do lookout for China Stocks…

We have took half profit for ECS. Expect retracement in the coming days.

Next, Hyflux has manage to climb up and close near high today despite the selloff. Shall be watching out for this stock.

In Summary

Currently the Dow Future is –36.43points (-0.38%).

The Shanghai Composite closing 6.7% lower on concerns of a fall in bank lending helps to drag Hang Seng Index down by 1.9% in the late trading hours.

Quote of the Day

"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham