Singapore - Market Strategy 01 (Nov 14 - Dec 25)

[behappyalways]

US markets and oil have fallen to good support
- but no persuasive bottoms yet



1st February: US: The New York Composite index has reached top target. But I would like to see a bottom form on support before considering that the sell-off has concluded. S&P and Dow both have big top scenarios. But these are just scenarios while supports hold.
Europe and Japan: supported
Euro and Australian dollar: possible bottoming
Oil: WTI reached good support at 27. XOI, the Amex Oil Index, reached support on the 25-year monthly chart and rebounded. There is no sign of a bottom yet for oil. But there is good support, which is the occasion for a bottom.
China: support broken. 2,400 is the next support on the Shanghai Composite.
Hang Seng: support broken. Next good support at around 17,000. But the market is very cheap. Not sure what to think about Hong Kong.
India: BSE well supported.
Singapore: no strong support at the current level
Thailand: Good support at the current level, but valuation is high and the Communications Sector still looks like it has further to fall.


Charts current to 29th January.

http://asiachart.com/

[behappyalways]

Short-sellers circle Singapore’s stock market
http://www.cnbc.com/2016/02/02/short-se ... arket.html

[behappyalways]

A massive banking crisis is brewing in Singapore, says Swiss billionaire Zulauf

https://sg.finance.yahoo.com/news/massi ... 00286.html

[behappyalways]

COMPANIES IN THE WATCHLIST
http://www.sgx.com/wps/portal/sgxweb/ho ... /watchlist

[behappyalways]

Global trend turns bullish
- oil, gold and commodities turn



7th March: Bullish action in the US with persuasive bottoms and good volume gives cause to hope that the US markets have found a bottom. Oil, Gold, emerging markets, the Australian dollar and many stocks, particularly oil-related stocks, are also making a good bottoms, giving support to the claim that the global trend has turned bullish.

http://asiachart.com/

[behappyalways]

Singapore stocks to rally as foreign funds flow back -
http://sbr.com.sg/markets-investing/new ... -flow-back

[winston]

This Wealthy Country Has The Cheapest Stock Market

By Tim Staermose

Source: Sovereign Man

http://www.thetradingreport.com/2016/03 ... ck-market/

[winston]

Strategy Flash Note - Calibrated Budget keeps focus on long term

We view the 2016 Budget as one that is focused on long-term transformation needs of Singapore, spiced up with targeted aids for struggling sectors/workers.

Budget deficit of 1.2% for 2015. 2016 spending will increase by 7%, supported by higher operating revenues (one-off factors) and net investment returns.

Main investment implications:
1) likely slower bank NPLs from SMEs and stretched households; and
2) no reprieve for property stocks from unwind of measures.

Sector picks and implications
2016 Budget is one with calibrated measures for particular segments of industries and the workforce.

Implications for the stock market include:
1) some shield in banking NPLs (SMEs and stretched households);
2) no unwind of property measures; and
3) mild relief for offshore and marine.

Our top picks remain OCBC, SIA and THBEV.

Source: CIMB

[behappyalways]

Moody's lowers outlook on credit rating of 4 Singapore banks
http://www.cnbc.com/2016/03/31/moodys-l ... c-uob.html

[behappyalways]

Singapore’s broken piggy bank: Bloomberg Gadfly
http://www.theedgemarkets.com/en/node/270603