UOB Bank: Start of Down Trend?

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UOB failed to form a “Higher High, Higher Low” uptrend pattern as per last analysis. The stock formed a Double Tops at about $17.60 instead and reversed to down trend since then. UOB also failed to break the neckline resistance after showing a Hammer candlestick. The stock also had a gap down and break below $16.00 support. If UOB cannot close the gap in the next few days, the stock will trade in the down trend heading towards the next 61.8% Fibonacci support of $15.23. All 3 Moving Averages (20D, 50D and 200D) are heading down. The Moving Average (2W, 4W and 12W) are also heading down in the Weekly chart.

 

Extended chart to show $17.1 is the tough support turned resistance.

Does UOB hold S$608 mln worth of Greek debt securities?

 

My Stocks Investing Journey

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First REIT & Fortune REIT Fundamental and Chart Analysis

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Follow up from Singapore Undervalued REITs Comparison.

First REIT

  • Last Done Price: $0.795
  • NAV: $0.7773
  • Price / NAV: 1.0288
  • Dividend Yield: 8.254%
  • Gearing Ratio: 16.4%

First REIT is on a nice uptrend with fair value + good dividend yield + low gearing. I will give it a pass now and wait for First REIT to go undervalue. Target locked on!

 

 

Fortune REIT HK$

  • Last Done Price: $3.69
  • NAV: $7.5042
  • Price / NAV: 0.4917
  • Dividend Yield: 6.56%
  • Gearing Ratio: 18.1%

Base on the chart, Fortune REIT appears trading on the down trend as the 200D MA is sloping down. The stock seems that has failed to break the 200D MA resistance and bounced down. Fortune REIT is undervalue, low gearing with good dividend. Target locked on! Wait for the bearish trend disappear and reverse to uptrend.

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The Four Core Financial Statements

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If you are Value Investor and doing Fundamental Analysis in your stock selection, you have to know:

  • Balance Sheet
  • Income Statement (Profit & Loss)
  • Cashflow Statement

However, you just need to selectively know what are the key financial information and financial ratio for the Fundamental Analysis of Stock Investing. You don’t need to know everything.

You can view this video to have the basic understanding of what is the core of the financial statement. I know it is tough and you will see ***STARS*** if you do not have any accounting and financial background but this can be learned. I was electronics engineering trained but I understand those financial statement pretty well now, after seeing many rounds of STARS when I get started. What you need to do is to learn and practise oftenly when doing your Fundamental Analysis of your stock. If I can do it, you definitely can do it!

Enjoy the “Star”! 🙂

 

 

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