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.
| 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 |