SGX: Bull or Bear?

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It can go either way for SGX. Anyway, just need to wait for the release of quarterly earning result before deciding how to trade SGX.

Bullish Sign from the Chart:

  • SGX rebound from 61.8% FR and looks like this support level is good from past 3 sessions.
  • 2 consecutive Inverted Hammers candlesticks pattern were formed at this support level, indicate potential reversal.
  • If this 61.8% Fibonacci Retracement Level is a good support, SGX has potential to reach 161.8% (about $8.00) in a few months time.
  • 200D SMA support is at about $6.70 indicates limited down side risk.
  • Dividend Yield of about 4% paid out quarterly should limit the selling pressure.

Bearish Signs from the Chart:

  • 2/5 EMA are both bearish on daily and weekly chart.
  • Head & Shoulders chart pattern are form with neckline at about $6.85. Price target for the breakout is $6.50.
  • Current price is below 20D and 50D SMA.

 

Key Statistics for SGX

Current P/E Ratio (ttm) 24.9634
Estimated P/E            (06/2013            ) 22.9630
Earnings Per Share (SGD) (ttm) 0.2732
Est.            EPS (SGD) (06/2013) 0.2970
Est. PEG Ratio 3.6449
Market Cap (M SGD) 7,286.71
Shares Outstanding (M) 1,068.43
Enterprise Value (M SGD) (ttm) 6,589.03
Enterprise Value/EBITDA (ttm) 17.87
Price/Book (mrq) 8.7442
Price/Sale (ttm) 11.2624
Dividend Indicated Gross Yield 3.96%
Next Earnings Announcement 10/18/2012

 

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KepLand: Rising Wedge – Trend Reversal?

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Kepland is showing a Rising Wedge, a trend reversal pattern. 2/5 EMA are both bearish on daily and weekly chart. Kepland has also broken 50D SMA.

If Kepland breaks the support of the Rising Wedge, the price target of this breakout is about $3.00 or somewhere near 61.8% Finonacci Retracement Level.

Key Statistics for KPLDKey Statistics for KPLD

Current P/E Ratio (ttm) 3.4635
Estimated P/E            (12/2012            ) 12.9104
Earnings Per Share (SGD) (ttm) 0.9990
Est.            EPS (SGD) (12/2012) 0.2680
Est. PEG Ratio 0.8281
Market Cap (M SGD) 5,343.09
Shares Outstanding (M) 1,544.25
Enterprise Value (M SGD) (ttm) 7,011.75
Enterprise Value/EBITDA (ttm) 40.77
Price/Book (mrq) 0.9461
Price/Sale (ttm) 6.5463
Dividend Indicated Gross Yield 5.78%
Next Earnings Announcement 10/17/2012

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Singapore Banks average 15% total return over past year

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Source: SGX Gateway

Singapore Exchange (SGX) lists three locally incorporated banks, DBS Group (D05), OCBC (O39) and UOB (U11) which together make up a quarter of the Straits Times Index (STI) market capitalisation.  A key measure of a bank is its tier 1 capital to risk weighted asset ratio. Tier 1 capital represents the best form of capital and the higher the ratio to risk weighted assets, the more money the bank has to support the risks it takes.  Together, the Singapore banks maintain a Tier 1 capital ratio to risk weighted assets of 13.6%, as reported by the IMF Global Financial Stability Report last week.  
 
Singapore maintains the highest Tier 1 to risk weighted asset ratio across Asia, with Tier 1 capital for Japan Banks at 12.3% and Hong Kong Banks at 10.4%.  It is a key measure of the strength of a bank, which is why the annual Bloomberg global rankings place 40% of the scoring emphasis on it. These rankings placed OCBC at #1, UOB at #7 and DBS at #8 in 2012. The total return of the three banks over the past year averages to 15%with individual performances as follows:

  1. DBS Group Holdings (D05) accounts for 9.2% of the STI market capitalisation. The 2012 World’s Strongest Bank rankings from Bloomberg noted DBS maintained a 12.9% ratio of Tier 1 capital to risk weighted assets. DBS has generated a total return of 19.6% in the past year, compared to an average annualised total return of 8.1% over the ten year period ending September 2012. DBS currently maintains an indicative dividend yield of 3.95%.
     
  2. OCBC (O39) accounts for 8.5% of the STI market capitalisation. This 2012 World’s Strongest Bank rankings from Bloomberg noted OCBC maintained a 14.4% ratio of Tier 1 capital to risk weighted assets. OCBC has generated a total return of 14.4% in the past year. This compares to an average annualised total return of 14.2% over the ten year period ending September 2012. OCBC currently maintains an indicative dividend yield of 3.33%.
     
  3. United Overseas Bank (U11) accounts for 8.1% of the STI market capitalisation. This year’s World’s Strongest Bank ranking from Bloomberg noted UOB maintain a 13.5% ratio of Tier 1 capital to risk weighted assets. UOB has generated a total return of 11.2% in the past year, compared to an average annualised total return of 9.6% over the ten year period ending September 2012. UOB currently maintains an indicative dividend yield of 3.17%.
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