Yangzijiang: Pull Back and Test 200D SMA

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Yangzijiang pull back to test the 200D SMA after rejected at $1.15 with a Bearish Engulfing candlestick pattern. If Yangzijiang can stay above $1.00 (also the 61.8% FR, Uptrend support & psychological resistance turned support), there is  good chance to continue the up trend. Current Yangzijiang is showing a “Higher High, Higher Low” uptrend pattern.

Things to watch:

  • Bullish candlestick pattern at this support level.
  • Clear $1.04 Gap resistance.
  • Whether can stay above $1.00. If not, next support is $0.97 (50% FR and 50D SMA)

Previous Analysis on Yangzijiang.

Yangzijiang falls after announcing warrants issue plan.

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15 Underperforming Stocks to Sell Today

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Source: Investopedia
 
So far in 2013, we’ve seen the market basically tread water. After the huge fiscal cliff deal inspired buying in the first trading day of the year, the markets have drifted lower, and we are right about where we were when we started the year. Now, if we step back a bit and look at what’s happened to stocks over the past six months, we see that stocks have enjoyed a very nice bullish run.The broad measure of the biggest stocks in the domestic market, the S&P 500 index, has delivered a total return of 9.5% over the past half year (from July 11, 2012 through Jan. 11, 2013). That’s very strong performance for a major average, and if you’ve been invested in the biggest winners in the index — e.g., First Solar (Nasdaq: FSLR) +125.5%, Sprint Nextel (NYSE: S) +86.2%, PulteGroup (NYSE: PHM)+79.9% — then you’re likely a very happy trader.Unfortunately, most of us have at least a few S&P 500 dogs in our portfolio, and by that I mean stocks that have woefully underperformed the overall index. These are stocks that you can’t afford to sit around and wait for to make a comeback.

 

The table below shows the biggest losers in the S&P 500 over the past six months.
 

The list here reads like a who’s who of large-cap tech, with Hewlett-Packard (NYSE: HPQ) and Advanced Micro Devices (NYSE: AMD) both registering big losses over the past six months. AMD’s drop of 47.49% represents the single biggest loss on the S&P 500 since July 11, 2012.

One tech stock that just barely missed being in the bottom 15 is Apple (Nasdaq: AAPL). Once the must-own stock for traders and investors, Apple shares have had a dismal latter half of 2012, down 13.15% versus the S&P 500’s gain of nearly 10%.

Other notable decliners on the list are discount retailers Ross Stores (Nasdaq: ROST), Family Dollar Stores (NYSE: FDO), Dollar General (NYSE: DG), Dollar Tree (Nasdaq: DLTR) and Big Lots (NYSE: BIG). The discount retail sector has not been where you want to shop with your trading capital, and until things turn around, it’s best to avoid the sector.

Action to Take –> If you own the stocks on this list, then they represent a lot of underbrush in your portfolio. In order for you to clear the fields and move forward in 2013, you should probably sell now. Doing so will allow you to raise cash, and then reallocate that cash to companies with a better chance of achieving your trading profit goals.

Read more: http://www.investopedia.com/stock-analysis/streetauthority/15underperformingstockstoselltoday.aspx#ixzz2IJOWauZF

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The Upstream Oil & Gas Companies on SGX

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The Oil & Gas names typically associated with the Singapore Oil & Gas sector are Keppel Corp (BN4), Sembcorp Marine (S51), Sembcorp Industries (U96), Ezion Holdings (5ME) and STX OSV Holdings (MS7). These are the five biggest Oil & Gas stocks listed on Singapore exchange (SGX). Price performances of these five stocks, which all provide oil equipment and services, have varied over the past 12 months from +5.5% for STX OSV to +166.0% for Ezion.
 
SGX also lists five companies involved in the exploration of oil and gas.  
 
Four of these explorers are listed on the Mainboard while one explorer is listed on Catalist.  Oil and gas explorers represent the upstream side of the industry with oil or gas reserves making up their primary assets. A core feature of oil and gas reserves as an asset base is that assets deplete and must be continually replaced through either drilling activities or acquisitions.
 
The five oil & gas exploration & production companies listed on SGX are as follows:
 

  • Interra Resources (5GI), which is involved in exploration, field development and production of oil. Its portfolio of assets is made up of five contract areas in Indonesia and Myanmar. Last week Interra Resources transferred from Catalist to the Mainboard as discussed in this recent Market Update. Interra Resources has gained 279.1% over the past 12 months.  Current full market capitalisation is S$197 million. The investor relation website can be found here.
  • Loyz Energy (594) is involved in exploration and development. Its portfolio made up of assets in India, the United States and Australia and New Zealand. Loyz Energy is listed on Catalist with a full market capitalisation of S$132 million. Loyz Energy has gained 21.5% over the past 12 months. The investor relation website can be found here.
  • Mirach (C68) is involved in oil exploration, appraisals and production. Its asset portfolio is located in Cambodia, South Sumatra and East Papua of Indonesia. Current full market capitalisation is S$58 million. Mirach has declined 30.3% over the past 12 months. The investor relation website can be found here.
  • Ramba Energy (R14) is also involved in oil exploration, appraisals and production. The company’s portfolio of oil and natural gas assets are located in South Sumatra and West Java of Indonesia. Due to its holdings of a logistic business, Industrial Classification Benchmark (ICB) have Ramba Energy is categorised to Industrial Transportation Sector as discussed in a recent Market Update.  Current full market capitalisation is S$192 million. Ramba Energy has gained 71.4% over the past 12 months.  The investor relation website can be found here.
  • RH PetroGas (T13) is involved in exploration, development and production of oil and gas. Its portfolio of assets is located in China, Indonesia and Myanmar. RH PetroGas completed its transition from an electronics manufacturer to an upstream oil and gas company in 2010. Current full market capitalisation is S$307 million. RH PetroGas has gained 4.2% over the past 12 months.  The investor relation website can be found here.

 
The Industry Classification Benchmark currently categorise two of the above stocks to the Exploration & Production sector, Interra Resources and Mirach Energy.
 
Other stocks categorised to the ICB Exploration and Production subsector are China Aviation Oil (G92), Chemoil Energy USD (AV5), Sinostar PEC Holdings (C9Q) and Ouhua Energy Holdings (AJ2). China Aviation Oil is involved in the supply, distribution and trading of Jet Fuel while Chemoil Energy USD is involved in the distribution of marine fuel.  Sinostar PEC Holdings is involved in the production of Gas and Ouhua Energy Holdings is involved in the processing of gas.
 
During last week’s SGX My Gateway event, Mr Peter Cockcroft provided an educational overview of the oil exploration sector in addition to the sector risks and the popular valuation methods used by broker research analysts. Risks that were detailed by Mr Cockcroft were related to exploration, geology, contracts, government, political, developmental, natural, terrorists, environmental, operational, corporate, commercial and labour.
 
Mr Cockcroft noted that the common forms of valuation of oil explorers are cash flow, break-up value, finding costs, return on investment and total enterprise value to EBITDA. The total enterprise value to EBITDA term simply allows a company’s cash flow to be viewed on a debt-adjusted basis, which takes into account financial leverage on the business’ price to cash flow ratio.  

Source: SGX My Gateway

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