CFD Trading Portfolio update on 27 Jan 2011

As of 25 Jan 2011
China taisan @ 0.186 
China Env new avg @ 0.245 
Capital Land @ 3.68
Longcheer @ 0.505


New add:
Yanlord @ 1.6 
Golden Agri @ 0.72
Genting @ 2.08

Past sold in 2011
Genting HK @ 0.425 sold 0.435 for profit
Raffles edu @ 0.26 sold 0.275 for profit
China Taisan @ 0.186 partial sold at 0.2 for profit
AscendasIndR @ 0.92 sold at 0.93 for profit
Midas @ 0.965 sold at 0.98 for profit
BH Global @ 0.285 sold at 0.295 for profit
Anchun @ 0.23 sold at 0.24 for profit
Tigerair @ 1.82 cut at 1.80 at loss (partial mistake for closing the trade, can hold longer actually)
CapitalMallAsia @ 1.91 sold at 1.94 for profit
CourageMa @ 0.195 sold at 0.215 for profit
Wilmar @ 5.42 sold at 5.47 for profit
Wilmar @ 5.38 sold at breakeven
Sound Global @ 0.715 sold at 0.725 for profit
NOL @ 2.18 @ sold at 2.21 for profit

CFD Trading Portfolio update on 25 Jan 2011

As of 25 Jan 2011
China taisan @ 0.186 
China Env new avg @ 0.245 
Capital Land @ 3.68
Wilmar @ 5.38 
Longcheer @ 0.505

Past sold in 2011
Genting HK @ 0.425 sold 0.435 for profit
Raffles edu @ 0.26 sold 0.275 for profit
China Taisan @ 0.186 partial sold at 0.2 for profit
AscendasIndR @ 0.92 sold at 0.93 for profit
Midas @ 0.965 sold at 0.98 for profit
BH Global @ 0.285 sold at 0.295 for profit
Anchun @ 0.23 sold at 0.24 for profit
Tigerair @ 1.82 cut at 1.80 at loss (partial mistake for closing the trade, can hold longer actually)
CapitalMallAsia @ 1.91 sold at 1.94 for profit
CourageMa @ 0.195 sold at 0.215 for profit
Wilmar @ 5.42 sold at 5.47 for profit

CFD Trading Portfolio update on 19 Jan 2011

As of 19 Jan 2011
China taisan @ 0.186 sold 1/3 at 0.2 for profit
China Env new avg @ 0.245 - add more at 0.235

Past sold
Genting HK @ 0.425 sold 0.435 for profit
Raffles edu @ 0.26 sold 0.275 for profit
China Taisan @ 0.186 partial sold at 0.2 for profit
AscendasIndR @ 0.92 sold at 0.93 for profit
Midas @ 0.965 sold at 0.98 for profit
BH Global @ 0.285 sold at 0.295 for profit
Anchun @ 0.23 sold at 0.24 for profit
Tigerair @ 1.82 cut at 1.80 at loss (partial mistake for closing the trade, can hold longer actually)
CapitalMallAsia @ 1.91 sold at 1.94 for profit
CourageMa @ 0.195 sold at 0.215 for profit

Pick of the Week Challenge: week 3 of 2011

Freeme
Renewable
Buy in: $0.25
Target price: $0.28

Reason: Rebound play with good corporate news.

Fx hunter
My pick is Rickmers.

current price : $0.415
target price $0.50

 Reason: strong uptrend and economy picking up indicate strong revenue for the company

Sheng L
Yangzijiang Shipbuilding
currently price at $2.05
TP at $2.10

Reason is YZJ had secured US$415m worth of contracts from Sep 10 to Dec 10, comprising 15 bulk carriers of different sizes rangingfrom 47,500 dwt to 82,500 dwt. These vessels are scheduled for delivery from 2011 to2013.

Alson
SINGTEL

Sell-in price: $3.100
Target price: $3.120 (Buy)

Reason: SingTel’s 32% stake in Bharti Airtel, which has shown significant improvement in a regulatory & competitive environment, accounts for 28% of its price target.  Furthermore, both stocks have also historically shown good correlation as well.

Anya 
Pick - Capitaland
Current price: 3.72
TP: $3.80

Capitaland was trading at a high of $3.86 the previous. The sharp fall last friday was due to the cooling measures implemented by Govt on the property sector.
At a short term view of 5 days, buy in at prevailing price and sell at the high of the rebound.

Hang Seng Index (HSI) - 17 Jan 2011

Based on chart reading, HSI currently is at a critical point where either a break up over 24440 will see it trying for 25000. MACD and increasing trading volume both point to positive side, while RSI and Stochastic shows abit overbought. HSI now hit the upper band of the mid trend line. A good correction will bring HSI to 23300 level.

Given the CNY is coming, I foresee some profit taking to come before CNY week, however the current rally trend should continues.

1-2 weeks target 25000. If fail to cross 24400, a pull back is likely to occur.

CFD Trading Portfolio update on 14 Jan 2011

As of 14 Jan 2011
China taisan @ 0.186 sold 1/3 at 0.2 for profit
CourageMa @ 0.195
China Env new avg @ 0.2475 - add more at 0.245

Add CapitalMallAsia @ 1.91

Past sold
Genting HK @ 0.425 sold 0.435 for profit
Raffles edu @ 0.26 sold 0.275 for profit
China Taisan @ 0.186 partial sold at 0.2 for profit
AscendasIndR @ 0.92 sold at 0.93 for profit
Midas @ 0.965 sold at 0.98 for profit
BH Global @ 0.285 sold at 0.295 for profit
Anchun @ 0.23 sold at 0.24 for profit
Tigerair @ 1.82 cut at 1.80 at loss (partial mistake for closing the trade, can hold longer actually)

forex pick @ 10 jan 2011

Prediction: Short USD/JPY

reasons: extract from the candle sticks and indicatiors.
-a U-turn on STO after touching 80%
-a low ADX which could be a cross-over that leads to a huge dip.
-RSI is showing a good sell of US currency for the past 3 hours.

*short usd/jpy @ 83.26, limit @ 82.26.

hope to hit my first 100 pips profit from fx.

fx hunter

Pick of the Week Challenge: week 2 of 2011

Freeme
China Fibre Tech
Buy in: $0.085
Target price: $0.100

Reason: Almost all textile counters had rallied. There are a few laggers. China FT is one of them as their last q earning is still disappointing. Good and bad. Good because this give us opportunity to punt on it as it can be a late bloomer. Bad is, if earning still not recover, it might stuck for awhile more. However, one thing to note is they are net cash 0.14. This should provide some comfort to those who hang on to them.

However looking into fundamental is not going to that successful in a weekly challenge. One of my reasons for this week pick is also because of their increasing volume and awareness on friday. A break through may come as a surprise too. Goldenfarmers beware.. LOL..

Fx hunter
My pick is Pan Hong

Buy in: $0.5
Target Price: $0.52 

-High traded volumn on last friday proving investors are interested in the stock.
-ADX indicates a continuing uptrend signal.
-MACD rebounded upward.

Sheng L


Alson
GLOBAL PALM RESOURCES

Buy in: $0.395
Target Price: $0.415(Buy)

Reason: With a P/E ratio of 12X for FY2011, Global Palm Resources (GPR) small size and domestic consumption-driven nature makes it less likely to be hampered by environmental groups in terms of growing its cultivated plantations.  Furthermore, GPR is also looking into East Kalimantan, Indonesia for palm oil cultivation which would have the potential to beef up its production capacity as well as its plantation land bank.

Anya 
Counter: C&O Pharm
Buy in: $0.49
TP: 0.51

Bollinger constricting, showing sign of breakout, could go either way tho. 

CFD Trading Portfolio update on 7 Jan 2011

As of 7 Jan 2011
China taisan @ 0.186 sold 1/3 at 0.2 for profit
CourageMa @ 0.195
China Env new avg @ 0.2475 - add more at 0.245
Tigerair @ 1.82

Add Anchun @ 0.23

Past sold
Genting HK @ 0.425 sold 0.435 for profit
Raffles edu @ 0.26 sold 0.275 for profit
China Taisan @ 0.186 partial sold at 0.2 for profit
AscendasIndR @ 0.92 sold at 0.93 for profit
Midas @ 0.965 sold at 0.98 for profit
BH Global @ 0.285 sold at 0.295 for profit

Allgreen properties ltd

From TA point of view, there is a weak uptrended since dec 2010. With last traded volumn at 3.70 million shares, more transactions took place in these 2 days since dec 2010. Wider ADX gap will provide a bigger up or down movement to reach the resistance line drawn. Macd clearly showed the stock have not cross over and RSI is moving upward at 62%.

Current concern is the Stochastic showing a relatively complex struggle.

With the current growing economy and housing regulations in Singapore, it might provide the company with better revenue from the market.

stay tune.

fx hunter
bought allgreen @ $1.20

Yanlord

CFD Trading Portfolio update on 5 Jan 2011

As of 5 Jan 2011
Raffles edu @ 0.26 sold 0.275 for profit
China taisan @ 0.186 sold 1/3 at 0.2 for profit
CourageMa @ 0.195
China Env @ 0.250

Add AscendasIndR @ 0.92
Add Midas @ 0.965
Add Tigerair @ 1.82

Pick of the Week Challenge: week 1 of 2011

Freeme
China Taisan
Buy in: $0.19
Target price: $0.21

Reason: Almost all textile counters had rallied. Taisan just start to move up slowly. In terms of TA and FA, both look good. Time for a New Year Rally for Taisan. Even good for keep for long term.

Fx hunter
China Energy
Last traded price: $0.17
Target price: $0.20

China Energy hit its recent support line at $0.155. Since then, the stock is escalating upward. With the ADX indicates a stronger uptrend, MACD had been uptrended since 13 dec 2010, RSI holding as 60% and a steep upward trend in Stochastic.. This stock will increase hugely through volumn transaction.

Sheng L
SembCorp Marine
Buy in: $5.38 Target price: $5.41

Reasons: has secured a contract worth US$400m to build two premium jackups with options for four more from a subsidiary of Noble Corporation, a US oil driller. The options expire on 1 Jan 2012 and are expected to be exercised within 2011.

This new order win will raise total order wins to S$2.7bn (excluding repair contracts worth S$500m), and outstanding options for 11 jack ups to be exercised in 2011 worth US$2.2bn. This will put the group in a prime positon for more contract wins going forward

Alson
FUXING CHINA GROUP
Buy in: $0.19
Target Price: $0.20 (Buy)

Reason: Fuxing has fixed the price for the acquisition of three companies in the dyeing & electroplating services and with China restricting issuance of licenses in these areas, the impact of the acquisitions will be positive for the firm’s long-term strategy.  The acquisition, which is estimated to be at around 372 million yuan, will be funded by cash reserves and the net cash after acquisition is still enough for dividend payment as well as capex expansion.  Furthermore, with a P/E ratio of 11X for FY2011, Fuxing will become the second zipper manufacturer with fully vertical-integrated capability in China after Xunxing.

Anya
Pick - Vallianz
Buy: $0.065
Target price: $0.075

Reasons: Vallianz is a speculative stock, current price at 0.06, previous week high up to 0.07. As this is a small stock, any small movement will result in considerable profit. 26MA sticking very close to mid-range of Bollinger, might show break out within next two weeks.