Singapore Exchange breakout from the Rectangle after XD date. The rebound from $7.40 was rejected by the 20D SMA (note: 20D SMA is quite a reliable support & resistance for SGX base on past pattern). The recent support of $7.41 is the critical support to watch. Breaking this support will send SGX to the price target of about $7.175 (the 200D SMA & 161.8% FR).
Singapore Exchange (SGX) is currently trading within a range between $7.55 and $7.84. Fundamentally I don’t see any strong catalyst for SGX to break the resistance at $7.84 to move higher. I will be watching the $7.55 support and short SGX if the support is broken. Both 20D and 50D SMA are currrently moving sideway and flat.
Watch SGX stock price movement after XD date.
| Current P/E Ratio (ttm) | 26.6728 |
|---|---|
| Estimated P/E(06/2013) | 25.0649 |
| Relative P/E vs. FSSTI | 1.9942 |
| Earnings Per Share (SGD) (ttm) | 0.2894 |
| Est. EPS (SGD) (06/2013) | 0.3080 |
| Est. PEG Ratio | 3.7692 |
| Market Cap (M SGD) | 8,253.93 |
| Shares Outstanding (M) | 1,069.16 |
| 30 Day Average Volume | 1,601,000 |
| Price/Book (mrq) | 10.3357 |
| Price/Sale (ttm) | 12.3545 |
| Dividend Indicated Gross Yield | 3.50% |
| Cash Dividend (SGD) | 0.0400 |
| Last Dividend | 04/22/2013 |
| 5 Year Dividend Growth | -6.61% |
| Next Earnings Announcement | 07/26/2013 |
Sheng Siong is currently facing the resistance at about $0.69 to $0.70. Currently Sheng Siong is considered over value base on PE Ratio and PEG Valuation.
| Current P/E Ratio (ttm) | 22.5914 |
|---|---|
| Estimated P/E(12/2013) | 23.4483 |
| Relative P/E vs. FSSTI | 1.6890 |
| Earnings Per Share (SGD) (ttm) | 0.0301 |
| Est. EPS (SGD) (12/2013) | 0.0290 |
| Est. PEG Ratio | 1.4430 |
| Market Cap (M SGD) | 940.81 |
| Shares Outstanding (M) | 1,383.54 |
| 30 Day Average Volume | 2,135,700 |
| Price/Book (mrq) | 6.2026 |
| Price/Sale (ttm) | 1.4762 |
| Dividend Indicated Gross Yield | 4.04% |
| Cash Dividend (SGD) | 0.0175 |
| Last Dividend | 05/03/2013 |
| 5 Year Dividend Growth | – |
| Next Earnings Announcement | 04/25/2013 |