Genting Singapore - Great Stock

Many people have asked me about Genting Singapore when it was launched. Recently I think this might be the hottest traded stock on the Singapore Exchange for the last few months.

In March during the Financial Crisis, it was as low as SGD0.32, which was very near its PAR Value of USD0.10.

In Sumary, its Historical high was recently at SGD1.21. Lowest was 0.32. Currently trading at 1.13 due to the Genting Right Issue.

Personally I think this is a great stocks if you have bought it below SGD0.80. at SGD1.21 you would have earn more than 50%.

There are reports that states that it will run up to SGD1.50, and some to SGD2.50 after it starts operating this year end /2010 Jan. Its a great stock to hold for long term. And minimum I would suggest you hold at least 10,000 Units of this stock at least.

Target Selling Price should be SGD2.50 or SGD3.00 for Long term, for the short term I think SGD1.50 should be a great selling price. As there are other counters to look at, like Golden Agri which is one of the most profitable Operating CPO Companies in Singapore.

Both Equity & Futures SIDC Exams Passed

After almost months of preparation and studying, I have finally passed my SIDC Investment Exams and is ready to apply for Dual License for both Equity and Futures at OSK Investment Bank. Here are the certs that if needed for the applications of the Licenses.

Now I just need to put in the deposit and apply for the License with both SC & Bursa.

Market might go Sideways this week

Market slighly showing weak signs as the support of 1210 for KLCI was tested today.



The Regional Market has break new highs last week and Dow Jones was closing to 10,000 to 9,917 before it pulls back down to 9600 level. Curently as I write this blog, Futures is trading at 1213.50 for Spot month. Which seems support at 1210, but if tonight US market continues to drop. The Next Support level will be 1205.



Personally I think the market is doing a slight pull back and testing the support 1210. if it doesn't break, it will go up back to 1230, and if the momentum continues to be uptrend, 1250 and 1300 is possible in the long term.



Charts shows momentum and volume and getting slighly weak due to the less than expected news from the US Economy, its not too bad, so maybe just a slight pull back.



In Summary, the current Support is at 1210 for CI and Futures, Resistance at 1225 for both.

1st Support is 1210, 2nd Support is 1205, 3rd Support 1198.
1st Resistance 1220, 2nd Resistance 1225, 3rd Resistance 1232.

Market wouldn't fall too badly as long as the Futures is still 4 or 5 points premium of the CI Index. What goes up must come down, as pull back. Also I am testing this formula that if US DJ Drops 50 points for example. our worst case Scenario for CI would be to drop about 10 points.

And if DJ Went up +50 points, our CI/Futures Index also go up maximum 10 points. That was the case when CI went up 10 points and breaks high at 1231 last week, then it soften down.

Get Ready for DJ 10,000 & KLCI 1250

After a 2 day Hari Raya Holiday, US DJ once again closed higher last week at 9829.87 and CI most likely will open higher and breaking 1224.50 higher.

It is estimate that if DJ continues to break 10,000, CI most likely will break 1250. Market looks like getting ready for another rally.



US DJ Chart sounds positive and strong uptrend for now. Nearing a peak hower, be careful when DJ reaches 10,000 and a posible pullback might occur.



KLCI & Futures Chart shows more positive and strong uptrend for now. Market might be low sentiment this week but judging by the strong uptrend, everything looks good. If you are not sure, be ready to Buy contract at lower, currently there is a strong support at 1215 and a resistance at 1225. If 1225 is Broken, we are looking at 1235 as the next Resistance.

KLCI & Futures Both Breaks New high at 1217.61 & 1221

Its has been a week since I last posted this blog and it also there isn't much to post as the market has been quite bullish uptrend as I last predicted.



It not only break the previous high of 1189.50, its now at 1221 Highest level already, which is almost 70 points up from previous support of 1150. I was very cautious with September month and I had no idea that it would be so bullish this round.



Dow Jones has broken 9700 and is just another 300 points closers to 10,000. Once it breaks 10,000, CI should break 1260 also. I am not predicting that CI will break 1260. It still all must come back to charts and trends. However, for the short term for this few days, I am still at Long Position. Do expect a slight pull back as stockastic is trending down a bit, however, there is no big crash coming yet according to the charts.

KeyNote: I notice that the last few days, the KLCI Gain Range is almost the same as the Dow Jones, example, Dow Jones was up like 56.61, so lets say KLCI was also up 5.51 = 1212.98, with Futures about 5 points premium. Which is about 5 points, 1212.98+5 = 1218 (Round Up). Futures is now about 5 point premium of KLCI, which means the market is still in bullish trend.

KLCI Futures Will Break New High 1189.50 Soon

US Dow Jones went up +96.66 due to Reduction in Job Loss Claims, however Unemployment Rate has risen to 9.7%. Market seems like on a uptrend for now. Monday will be US Labour day so Monday night US Market is Closed.



There seems to be alot of positive news from Bloomberg and the US market regarding the recovery from the US Recession.



US Dow Jones charts seems to show a starting of a Uptrend Market.



Our KLCI Charts also shows that its following US Market closely, with KLCI going on an uptrend now. MACD & Stokastic shows slight uptrend and KLCI Daily Chart shows Parabolic One Dot on Bottom so its just starting to be uptrend.



KLCI Futures Daily Chart is also showing the same thing, with the last 3 days the CI Futures Spot Month continues to Close at the Highest Point. Hence Confirms KLCI is now starting a Bullish Trend, however, do expect a pull back. I expect the KLCI futures to be breaking the Year high of 1189.50 next week. Possibly testing 1195.

KLCI ready to test above 1180

US Dow Jone went up slight +63.94 points last night. Looks like positive uptrend again this morning. Perhaps up to 1177 + 6 point = 1183.

Future highest was 1189.50, will it break higher today?



KLCI Daily Charts looks strong and on a uptrend temporary. Futures closed highest at 1177 yesterday, Good Uptrend Signal, MACD and Stokastic still on uptrend.