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Recent Market Update Excerpts:
 
19-04-2021 (Mon) 8.45am.
随着全球经济反弹,周期性股和价值股继续上涨。陈奕利先生在SPH $1 的时候就已推荐买入此股,如今SPH上涨100%至$2 。
 
周期性股票,如Ecomm在3月29日提到的房地产股,也取得了不错的涨幅。 Sinarmas Land在3月29日的交易价格为23分至25分; 该股在上周五(4月16日)飙升至31.5分的高点,涨幅为26%至37%,随后收于30分。 3月29日提到的Yanlord Land,Ho Bee Land, HongKong Land以及CityDev 都取得不错的涨幅。 上周五(4月16日) Ho Bee Land 上涨至收盘价的$2.72,从3月29日已上涨高达7%。 YanLord从3月29日的低点$1.22上涨至4月15日的盘中高点$1.29。
 
3月15日,Ecomm报告中有写到:
" 尽管美国1.9万亿美元的财政刺激方案的通过大多已反映在市场价格里,但在未来的几个月,市场前景仍存乐观。 2020年3月27日,当美国通过了国内史上最庞大的2.2万亿美元的财政刺激方案时,标准普尔500指数从3月27日收盘指数的2541点飙升至6月8日收盘指数的3232点,涨幅为27%! 当美国国会在2020年12月21日通过9000亿美元的刺激法案时,标准普尔500指数从12月21日收盘指数的3694点上涨至3月12日收盘指数的3943点,上涨了7%。因此,随着庞大1.9万亿美元法案的通过,未来几个月仍存乐观的前景,因为当实际的资金被释放时, 其中一些的资金将流入股市,一般的消费也将增加。"
 
随着目前道指与标指继续飙升至新历史新高,以上所分析的正是我们现在所看到的。
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
Cyclical and value stocks continued its way up as the global economy rebounded. Mr Tan Yi Li recommended to buy SPH when it was trading at around $1. Now that SPH has surged 100% to $2, that is really great!
 
Cyclical stocks such as the property stocks mentioned at Ecomm on 29 March also made good gains. Sinarmas Land was trading at 23 cents to 25 cents on 29 March; it has since surged to a high of 31.5 cents last Friday (16 April) for a 26% to 37% gain before closing at 30 cents. Other stocks like Yanlord Land, Ho Bee Land and HongKong Land, and CityDev mentioned on 29th March also made good gains. At the closing price of $2.72 on Friday (16 April), Ho Bee Land rose up to 7% from 29 March. YanLord rose from the low of $1.22 on 29 March to an intraday high of $1.29 on 15 April.
 
On 15th March, it was written in the Ecomm report:    
" While much of the $1.9 trillion of U.S. fiscal stimulus is already factored into the markets, there is still optimism in the months ahead. When US$2.2 trillion of fiscal stimulus was passed on 27th March 2020, the biggest stimulus bill package in U.S. history, the S&P 500 rose from the closing of 2541 points on 27th March to the closing of 3232 points on 8 June, for a 27% gain! When the U.S. Congress passed the US$900 billion stimulus bill on 21 December 2020, the S&P 500 rose from the close of 3694 points on 21 December to the close of 3943 points on 12 March, for a 7% gain. Therefore, with the passing of the US$1.9 trillion bill, there is optimism in the months ahead because when the actual money is released, some of it flows into the stock market, and there will also be increased spending. "
 
This is exactly what we are seeing now as the Dow and S&P continued to surge to new record highs. 
 
03-04-2021  (Sats)  5.30am.
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
SPH已突破1.61,上回报告期望从1.00元低点上涨100%,看来好象有希望。现价:1.67   支持:1.61-1.58   阻力:1.87 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
SPH has broken above 1.61. In the previous Ecomm analysis report, I had mentioned that this stock could rise 100% from its low price of $1. It looks like this could be possible as the current trend looks promising.  Current price: 1.67 Support: 1.61-1.58 Resistance: 1.87
 

29-03-2021 (Mon) 9.00am

上周五,房地产股鸿福(Hong Fok)跳升13%或12分,至$1。此前有报导指出鸿福截至2020年12月底的每股净资产值为$2.95,所以该股价是被低估了。 鸿福股价飙升告诉我们,房地产股当中仍存有被低估的股票,这包括一些二线股。 房地产股价落后于金融股的原因之一,可能是因为很多的房地建设与项目因为去年疫情的关系而被推迟了,而这些项目正等待着被释放,从而在日后增加房地产股的价值。 自去年以来,我们一直在推荐周期性和价值股,而其中许多此类股票也已经飙升,尤其是银行股。 房地产股,就如银行股,也是周期性股,而如果你可以找到低估的产业股,那你找到的即是周期性股,也是价值股,此类股正是目前我们所推荐的。虽然目前新加坡与美国股指已飙升,但是新加坡股市还是存有好价位的房地产股,可关注 SinarMas Land (P/E: 10.4), YanLord (P/E:  4.4) , Frasers L&C Trust (P/E: 7.75), Ho Bee Land (P/E: 12.3), Bukit Sembawang (P/E: 15), Hong Kong Land, and City Development。(市盈率数据 (P/E ratio ) 是截至2021年3月26日(星期五)闭市价位,数据来源:新交所)
 
 
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
Last Friday, property stock Hong Fok jumped 13% or 12 cents to $1 after it was reported that this stock was undervalued with a net asset value per share as at end-December 2020 of S$2.95. The surge in Hong Fok's price tell us that there are still property stocks out there, including second liners, that are undervalued. One of the reasons that property stocks lag financial stocks, may be that many property developments or launches had been delayed or pushed back due to the pandemic last year, and are awaiting to be unleashed. We have been recommending cyclical and value stocks since last year, and many of these stocks had surged, especially the banking stocks. Property stocks, like banking stocks, are also cyclical stocks, and those property stocks that have not surged and are undervalued may be classified as both cyclical and value stocks, which are recommended for the next leg of rally. Some of these property stocks that may be looked into include SinarMas Land (P/E: 10.4), YanLord (P/E:  4.4) , Frasers L&C Trust (P/E: 7.75), Ho Bee Land (P/E: 12.3), Bukit Sembawang (P/E: 15), Hong Kong Land, and City Development. (P/E ratio is as of end of Friday 26 March 2021, Source: SGX)
 

27-03-2021  (Sat)  10.45am

以下是辉立证券首席股票经纪陈奕利先生的股市分析:

" 前几天股市低迷,我们已看好股市,并提到要好好布局4月的股市,我们强力提过的SPH、YANGZIJIANG SHIPBLDG、SING TEL等都冒出头来,尤其是大家都看不起的SPH,已从最低的价格1元,上升到昨天的1.49元,差1分就是上涨50%,本小利大,不旺我大力推荐,期待这只股票上升到100%。"

(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
The stock market was down a few days ago. We have been optimistic about the stock market and mentioned that we should start strategising for the April stock market. SPH, YANGZIJIANG SHIPBLDG, SING TEL, etc. that we strongly recommended have all emerged, especially SPH, which everyone looks down upon. From the lows of $1, SPH has risen to $1.49 yesterday, just 1 cent shy of a 50% gain. The capital outlay of SPH is small and yet the returns are great. It turns out that my strong recommendations for this stock was not in vain, and I look forward to its stock price rising to a 100% gain. "
 
 
12-03-2021 (Fri) 8.15am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
个别股跟进分析
 
HONG LEONG ASIA调整至0.695的支持点即反弹,可能将开始另一轮涨势。现价:0.72   支持:0.695   阻力0.86-0.975 (图形请参看ECOMM网站)
 
THAI BEVERAGE在0.72处得到支持,可能将开始另一轮涨势。现价:0.76   支持:0.72   阻力:0.86-0.92-0.985(图形请参看ECOMM网站)
 
韩国电商巨头Coupang(股票代码“CPNG”)周四上市首日上涨14.25美元或40.71%,新加坡报业控股2014年投资390万美元(520万新元)于Coupang,虽然只有0.1%,但如以Coupang价值已从当初大涨10倍,已不是一个小数目,现在第一天在美国上市即大涨,SPH的资产将增加不少,可加以注意。 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
HONG LEONG ASIA调整至0.695的支持点即反弹,可能将开始另一轮涨势。现价:0.72   支持:0.695   阻力0.86-0.975 
HONG LEONG ASIA rebounded after correcting to the support level of 0.695, and may start another round of rally. Current price: 0.72 Support: 0.695 Resistance 0.86-0.975. 
 
 
THAI BEVERAGE在0.72处得到支持,可能将开始另一轮涨势。现价:0.76   支持:0.72   阻力:0.86-0.92-0.985
THAI BEVERAGE is supported at 0.72 and may start another round of rally. Current price: 0.76 Support: 0.72 Resistance: 0.86-0.92-0.985 
 
 
韩国电商巨头Coupang(股票代码“CPNG”)周四上市首日上涨14.25美元或40.71%,新加坡报业控股2014年投资390万美元(520万新元)于Coupang,虽然只有0.1%,但如以Coupang价值已从当初大涨10倍,已不是一个小数目,现在第一天在美国上市即大涨,SPH的资产将增加不少,可加以注意。
South Korean e-commerce giant Coupang (stock code "CPNG") rose by US$14.25 or 40.71% on its first day of listing on Thursday. Singapore Press Holdings invested US$3.9 million (S$5.2 million) in Coupang in 2014. Although the investment is only 0.1%, with the value of Coupang having risen 10 times from the original, it is no longer a small amount. Now that it is listed on the first day of listing in the United States, the asset valuation of SPH will increase, and this stock is noteworthy.
 
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
Follow-up analysis of individual stocks
 
HONG LEONG ASIA rebounded after correcting to the support level of 0.695, and may start another round of rally. Current price: 0.72 Support: 0.695 Resistance 0.86-0.975. (Please refer to chart on the ECOMM website)
 
THAI BEVERAGE is supported at 0.72 and may start another round of rally. Current price: 0.76 Support: 0.72 Resistance: 0.86-0.92-0.985 (Please refer to the chart on  ECOMM website)
 
South Korean e-commerce giant Coupang (stock code "CPNG") rose by US$14.25 or 40.71% on its first day of listing on Thursday. Singapore Press Holdings invested US$3.9 million (S$5.2 million) in Coupang in 2014. Although the investment is only 0.1%, with the value of Coupang having risen 10 times from the original, it is no longer a small amount. Now that it is listed on the first day of listing in the United States, the asset valuation of SPH will increase, and this stock is noteworthy.  "
 
 
08-03-2021 (Mon) 9.45am
我们来谈谈最近美国国债收益率飙升,所引起的大跌势。一位分析师指出,在大跌势之前, 自2020年8月以来10年期美国国债收益率翻了一倍,而美国股市也跟着上涨了20%,因此得出的结论是,美国国债收益率的上升是对股市有利的。但是,问题就出在,当长期债券遭大抛售,美国国债收益率短期内飙升得太快的时候, 引发了市场的担忧。长期债券的抛售可能是由其它因素造成的,因此国债收益率的飙升也可能只是市场情绪问题而已。
 
当然如果美联储因此而提早加息,那就绝对不是一个单纯市场情绪的问题了。然而,美联储主席鲍威尔上周四曾表示,在考虑采取任何行动之前,美联储需要在整个国债收益率范围内看到更大幅度的增长(而不仅仅是长期国债收益率)。他还说,随着经济复苏,通货膨胀可能会暂时回升,但是这些暂时性的波动将不足以让美联储提高利率。换句话说,即使今年预计会有些通货膨胀,美联储也不一定会加息。美联储今年被迫加息的一个情况, 便是国际疫情今年完全终止,人们一窝蜂向外买东西,导致通货膨胀率大增一发不可收拾。但是,就算国际疫情真的完全终止,负面的通货膨胀效应,也将会被旅游业和航空业股票以及周期性股票(如银行和房地产)的飙升所抵消。
 
但是,债券收益率上升对科技股的影响是真实的。那是因为科技股的估值,大程度上取决于未来的收益,而当债券收益上升时,科技股的收益因而大受打折。美国纳斯达克(Nasdaq)从2月16日的盘中高点14175下跌至3月4日的盘中低点12553,跌幅超过10%,科技股被抛是因着债券收益率上升,以及科技股整体估值过高,引发投资者抛售,获利回收。此后,科技股已从低位有所回升。
 
只要全球疫情的确诊病例人数持续下降,市场前景仍乐观,而随着更多的人接种疫苗,这样的情景是有可能落实的。
 
 
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  股票跟进图表分析(图形请参看ECOMM网站)
 
AEM
AEM 从4.72的高点一路调整至3.76。在长期支持线3.75和89天平均线的支持下,有可能反弹。现价:3.84   支持:3.75     阻力:3.94-4.22-4.35
 
GENTING
GENTING已盘整了很久,有可能向上突破,现价:0.86   支持:0.84     阻力:0.90
 
 
SEMBCORP INDUSTRIES
SEMBCORP INDUSTRIES横摆多时,在1.62处得到支持,开始反弹,现价1.76,现已得到89天平均线的支持,89天平均线是向上的,  支持:1.70-1.62 阻力:1.85
 
UMS
UMS从1.41大跌至1.04,才开始反弹。现价:1.06   支持:1.04-0.93     阻力:1.19-1.41 
 
YANGZIJIANG SHIPBUILDING
YANGZIJIANG SHIPBUILDING  突破长期阻力线A-B线,又再突破1.02,将上试1.20-1.35 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
AEM 从4.72的高点一路调整至3.76。在长期支持线3.75和89天平均线的支持下,有可能反弹。现价:3.84   支持:3.75     阻力:3.94-4.22-4.35
AEM corrected all the way from a high of 4.72 to 3.76. With the support of the long-term support line at 3.75 and the 89-day moving average, it may possibly rebound. Current price: 3.84 Support: 3.75 Resistance: 3.94-4.22-4.35
 
 
GENTING已盘整了很久,有可能向上突破,现价:0.86   支持:0.84     阻力:0.90
GENTING has been consolidating for a long time, and it may possibly break upwards. Current price: 0.86 Support: 0.84 Resistance: 0.90
 
 
 
SEMBCORP INDUSTRIES横摆多时,在1.62处得到支持,开始反弹,现价1.76,现已得到89天平均线的支持,89天平均线是向上的,  支持:1.70-1.62 阻力:1.85
SEMBCORP INDUSTRIES was trading sideways for a long time. Being supported at 1.62, it had started to rebound. The current price is 1.76. It has now obtained the support of the 89-day moving average. The 89-day moving average is moving upwards.  Support: 1.70-1.62 Resistance: 1.85
 
 
UMS从1.41大跌至1.04,才开始反弹。现价:1.06   支持:1.04-0.93     阻力:1.19-1.41 
UMS fell sharply from 1.41 to 1.04 before it started to rebound. Current price: 1.06 Support: 1.04-0.93 Resistance: 1.19-1.41
 
 
YANGZIJIANG SHIPBUILDING  突破长期阻力线A-B线,又再突破1.02,将上试1.20-1.35。
YANGZIJIANG SHIPBUILDING has broken above the long-term A-B support line, and has broken above 1.02. It will attempt the upside at 1.20-1.35.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
 
Let's talk about the recent U.S. Treasury bond yield surge that caused quite a stir in the markets. It was pointed out by an analyst that before the global market correction, the doubling of the 10-year yield since August 2020 has corresponded with a 20% increase in U.S. stocks, and hence concluded that rising U.S. Treasury yields are "good for equities".  However, the problem occurs when the Treasury bond yield surged too much too fast within a short span of time, due to the rapid sell down in the long-term bonds, sparking market concerns. The selldown in the long term bonds could be due to other factors, and hence the surge in the Treasury bond yields alone could turn out to be just a market sentiment issue.
 
But, it would be more than a sentiment issue if it does impact the U.S. Fed to raise the interest rates earlier. However, the Fed chairman Powell had said last Thursday that the Fed would need to see a broader increase across the rate spectrum before considering any action (not just the long-term Treasury yield). He also said that inflation may pick up temporarily as the economy recovers, but these temporal fluctuations are not sufficient to warrant for a rate rise. In other words, even if there be expected inflation this year, there will not necessarily be a rate hike. The one scenario when the Fed is forced to raise rates is when the pandemic totally ends, and people rush out to buy things, and inflation soars out of control. But, even then, if the pandemic does end, the negative inflation effect will be offset by soaring tourism and airline stocks and cyclical stocks (such as banks and property).
 
However, the effect of rising bond yields on technology stocks is real. That is because the value of tech stocks rests heavily on future earnings, which are discounted more deeply when bond returns go up. U.S. Nasdaq plunged more than 10% from the intraday high of 14175 on 16 Feb to the intraday low of 12553 on 4 March, as tech stocks were sold down due to the rising bond yields and profit-taking from lofty valuations.  Tech stocks had since risen somewhat from the lows. 
 
As long as the global pandemic numbers keep coming down, there is indeed optimism for the markets, and this could be a reality as more and more people receive vaccinations.  
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  Followup analysis on Individual Stocks (see chart on ECOMM website)
 
AEM
AEM corrected all the way from a high of 4.72 to 3.76. With the support of the long-term support line at 3.75 and the 89-day moving average, it may possibly rebound. Current price: 3.84 Support: 3.75 Resistance: 3.94-4.22-4.35
 
GENTING
GENTING has been consolidating for a long time, and it may possibly break upwards. Current price: 0.86 Support: 0.84 Resistance: 0.90
 
 
SEMBCORP INDUSTRIES
SEMBCORP INDUSTRIES was trading sideways for a long time. Being supported at 1.62, it had started to rebound. The current price is 1.76. It has now obtained the support of the 89-day moving average. The 89-day moving average is moving upwards.  Support: 1.70-1.62 Resistance: 1.85
 
UMS
UMS fell sharply from 1.41 to 1.04 before it started to rebound. Current price: 1.06 Support: 1.04-0.93 Resistance: 1.19-1.41
 
YANGZIJIANG SHIPBUILDING
YANGZIJIANG SHIPBUILDING has broken above the long-term A-B support line, and has broken above 1.02. It will attempt the upside at 1.20-1.35. "
 
 
02-03-2021 (Tue) 8.25am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
经历了上周的大调整后,美股三大股指恢复涨势。国债收益率的下滑、第三种新冠疫苗在美国获准使用,1.9万亿美元抗疫纾困刺激计划在美众议院获得通过,美参院即将对1.9万亿美元刺激计划进行表决。提振了股市。
 
美国2月份制造业创三年来最快增长,2月份制造业指数从1月份的58.7升至60.8,高于经济学家的预估中值58.9。
 
高盛首席股票策略师看好价值型和周期型股票,预料价值型和周期型股票将是经济复苏主要受益股。他认为市场低估了今年的经济复苏强度。
 
本地的价值型和周期型股票也开始抬头。
 
新加坡报业控股2014年投资390万美元(520万新元)于韩国电商巨头Coupang的股权,估计只有0.1%,数目很小,但如以Coupang价值已大涨10倍计算,报业控股已赚了4700万元。报业控股声明Coupang上市预计不会影响报业控股的经常性财务表现,声明对卖空者有利,股价应声大跌。其实4700万并不是小数目,对报业控股基本面是大有帮助的。一般公司会大减值,该增值时也应增值。现在有可能要等到Coupang上市后,该增值时股价才会上涨。 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
After a major downside correction last week, the three major U.S. stock indexes rebounded and resumed their rally. The decline in Treasury yields, the third coronavirus vaccine approved for use in the U.S., and the passing of the US$1.9 trillion coronavirus rescue stimulus plan by the U.S. House of Representatives, with the U.S. Senate set to vote on it, had all boosted the stock market.
 
The US manufacturing activity recorded its fastest growth in three years in February. ISM manufacturing PMI in February rose to 60.8 from 58.7 in January, which far exceeded the median estimate of 58.9 by economists.
 
The chief equity strategist at Goldman Sachs is optimistic about value and cyclical stocks, and expects that value and cyclical stocks will be the main beneficiaries of the economic recovery. He believes that the market underestimated the strength of this year's economic recovery.
 
Local value and cyclical stocks are also beginning to rise.
 
Singapore Press Holdings (SPH) invested US$3.9 million (S$5.2 million) in South Korean e-commerce giant Coupang in 2014. It is estimated to be only 0.1%, which is a small amount. However, if the value of Coupang rises 10 times, SPH would have earned $47 million. When SPH stated that the listing of Coupang is not expected to affect its recurring financial performance, the statement was beneficial to short sellers, and its stock price plummeted. But, in actual fact, $47 million is not a small number, and it is of great help to the fundamentals of SPH stock. Generally, a company's stock will appreciate when its valuation increases. It may now be possible that its stock price will appreciate when Coupang goes public. "
 
 
 
 
 
19-02-2021 (Fri) 7.55am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
" 海指触及双平行线和得到60天季线的支持(图形请参看ECOMM网站),如果支持得住,就可扫除近日的颓势。
 
COMFORTDELGRO财报虽不太好,但在1.56处得到支持.现价1.59  阻力:1.63-1.75  支持:1.56(图形请参看ECOMM网站),可作长期投资,等待疫情好转时大涨。 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
海指触及双平行线和得到60天季线的支持,如果支持得住,就可扫除近日的颓势。
The STI touched the double parallel line and is supported by the 60-day quarterly line. If it can hold the support level, it can erase the recent losses. 
 
 
 
COMFORTDELGRO财报虽不太好,但在1.56处得到支持.现价1.59  阻力:1.63-1.75  支持:1.56,可作长期投资,等待疫情好转时大涨。
Although COMFORTDELGRO's earnings report is not good, its stock price is supported at 1.56. Current price: 1.59 Resistance: 1.63-1.75 Support: 1.56. It may be considered as a long-term investment, as we await for the epidemic situation to improve.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The STI touched the double parallel line and is supported by the 60-day quarterly line (see the chart in ECOMM website). If it can hold the support level, it can erase the recent losses. 
 
Although COMFORTDELGRO's earnings report is not good, its stock price is supported at 1.56. Current price: 1.59 Resistance: 1.63-1.75 Support: 1.56 (see the chart on ECOMM website). It may be considered as a long-term investment, as we await for the epidemic situation to improve. "
 
 
17-02-2021 (Wed) 8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  全球股市持续上扬,本地股市却畴躇不前,可能有一些卖空活动,不久后将会明朗化.新电信和吉宝企业业绩已报告,又有买进自己公司的股票,股价相对企稳(图形请参看ECOMM网站),这两只股票可以注意,因股市前景还是好的。现时利率低,流动性充足,股市还是会上涨的。 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
 
 
 
 
新电信和吉宝企业业绩已报告,又有买进自己公司的股票,股价相对企稳,这两只股票可以注意,因股市前景还是好的。
The earnings results of Singtel and Keppelcorp were already out. These two companies had conducted their own stock buybacks, and their stock prices had stabilized relatively. These two stocks are noteworthy, even as the stock market outlook is generally still good.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The global stock markets continued to rise, but the local stock market is stagnant. There may have been some short-selling activities, but there will be greater clarity soon. The earnings results of Singtel and Keppelcorp were already out. These two companies had conducted their own stock buybacks, and their stock prices had stabilized relatively ( Please refer to chart on ECOMM website). These two stocks are noteworthy, even as the stock market outlook is generally still good. With low interest rates and sufficient liquidity, the stock market will still move higher.  "
 
10-02-2021 (Wed) 11.00am
 
Ecomm 回顾2020年,展望2021年报告
 
一转眼已是2021年,首先,感谢大家对Ecomm Invest持续的支持。 去年在所有到期的Ecomm会员当中,有96%的会员更新延续了会员资格。为此,我们深表感谢。回顾2020年,我们很高兴报道,在过去一年中, 不管是股市走势,或是个别股的介绍,都有为会友们做出正确的判断。感谢大家的支持。 以下是Ecomm对2020年 股市的回顾,以及对2021年股市的展望。
 
回顾2020年:
 
从2020年1月开始的新冠疫情改变了一切,导致人心惶惶, 股市受挫。从一开始,Ecomm在2020年1月28日的分析报道中 ,就使用了SARS期间的股市图表,分析指出在这种全球病毒爆发的过程中仍是个市场买入的机会 , 但市场从中恢复过来的期间是经过几个月而不是几周的时间,在同一个报道中也指出 ,当时500万武汉人到处旅行,将导致该病毒有更多机会传播到中国其他地区与整个世界,  也提到随着冠状病毒情况的恶化,医疗保健股票已变得大热门。
 
在股市3月大崩溃之前,(海指从3月2日的3,007.72点暴跌至3月23日的2,233.48点),我们Ecomm早在2月13日,2月24日,2月29日与3月4日的分析报道便已提倡大家在疫情恶化的情形下称高获利回收。我们也在3月14日与3月20日的Ecomm报道中提到股市到4月将会有较好的表现。结果,道指和标普500指数在2020年的4月录得自1987年以来的最佳月度涨幅,而海指从四月初至四月底则上涨了7.5%。
 
在股市3月崩盘后,Ecomm就不时提出买入建议,其中包括3月20日报道中买入云顶股票的建议 (当时云顶的最后交易价仅为51分)。Ecomm也在3月25日至26日的分析报道中鼓励大家买股票, 在人心惶惶的时候,陈奕利先生在报道中准确预测到熊市将转入牛市。
 
从那里,我们继续为大家提供买入的建议。那时候,外面大多数的研究分析报告都是悲观的,而Ecomm却在其2020年的4月15日,4月27日,4月28日和5月19日 反复准确预测到,随着经济的重开,市场将在1到2个月内转好。全球股市过后确实回弹,市场在6月的前10天飙升,海指从6月1日的2550点跃升至6月10日的2800点,仅10天就上涨了近10%。
 
陈奕利先生在2020年3月28日,4月4日,4月7日,4月9日Ecomm报告中又再次预测,重申熊市将转入牛市,而当海指从3月23日的2233点回升至6月10日的2800点,总共累计上涨25%,高于牛市定义的20%水平时,熊市的确就如陈先生所说的转入了牛市。 陈先生也准确预测到,10月是股市糟糕的月份,以及股市在11月份会有不错的表现 。
 
股市3月崩盘后,接下来的期间到处都有很多悲观的分析报道。那时候甚至有一位好心的Ecomm会员出自好意, 发送了一份悲观前景的分析报告给我。但是,我们不受这些报告的影响,坚守自己的分析与判断,并大胆推出未来几个月乐观前景的预测,事实也证明了我们的预测是正确的。外面的报告有好的东西,我们真诚地与你们分享,但如果外面的观点与我们的不一样,我们将勇于真诚地与你们分享我们的分析与理论,不会盲目地跟随外面千遍一律的看法。希望大家能够看到我们的诚意与独立分析,继续支持我们,使用我们的服务。
 
Ecomm2020年的买入建议:
 
Ecomm 在2020年里,提出了很多赚钱的买入建议, 例如在 2020年6月17日和6月18日建议买入Hi-P,2020年5月2日和8月22日建议买入UMS,2020年6月17日和9月3日建议买入SGX,2020年8月8日建议买入OCBC ,2020年8月17日 建议买入Sembcorp Industries和ComfortDelgro,2020年8月22日建议买入 Thai Beverage,2020年11月5日 建议买入Capitaland,2020年11月19日 建议买入Hong Leong Asia 与 SPH ,2020年10月31日和12月18日 建议买入Wilmar, 2020年12月18日  建议买入Oceanus, 等等等。这些介绍都能够帮助大家赚大钱, 其中介绍的 Oceanus暴涨高达+ 161%, Hong Leong Asia的涨幅高达 + 55%, 而Hi-P在达到目标价时已上涨至少 +21%.
 
Ecomm也在2020年1月13日的讯息, 重申买入黄金的建议。SPDR黄金ETF从2020年1月13日的145.93美元飙升至2020年8月7日高点的193.48美元。早在2018年12月当SPDR黄金ETF的交易价仅约为116美元时,Ecomm 就已经推荐买入黄金, 并准确预测到 黄金接下来几年将进入牛市的涨势。
 
展望2021年的股市:
 
拜登的新时代可能迎来一个截然不同的股市环境,而美国政治仍存有很多的不确定性。拜登曾说过或提议过的, 他可以修改,推迟,甚至婉转改变策略。虽然民主党赢得参议院多数席位,而某些政策(如增税和预算对帐之类的法案)只需要51票的简单多数便能通过,再加上民主党一向来都较团结一致,但是其他主要的法案事项大多数 都需要60票才能通过。美国政策对市场会有多大影响仍存不确定性,这些包括疫情控制,美国关税,更多的财政援助政策,以及何时推出增税政策等等 。
 
尽管有政治的不确定因素, 我们仍可专注于那些我们已确定知道的。虽然新冠疫情持续在美欧蔓延着,但我们能确定的是,已有大规模的财政和货币刺激措施出台,世界各国也正在推出疫苗。 9000亿美元的美国财政援助已通过,美国政府也正在推行更多的财政支助。
 
我们知道国际货币基金组织和各金融机构一般都预计今年的经济将强劲反弹。当然这些预测报道并非必定准确,并不是非信不可,但是仔细想一想后,用逻辑分析思考后,会发现到所报道的的确有它的道理。你想想看,新冠疫情从去年1月开始,中国报告了数千的确诊新冠病例的时候,就已令人不知所措。过后在3月期间, 病毒疫情越演越烈 ,西方国家的疫情一发不可收拾,最终导致封锁措施和可怕的经济衰退。封锁解除后,经济和股市虽在6月强劲反弹,但在随后的几个月,美国的单日确诊病例继续恶化至新纪录水平。重点是,尽管经济有所回弹,人们因着国际疫情没有消退,对消费一直持守谨慎态度,尤其是在美国这个世界最大的消费市场,单日确诊病例已增加至四月份颠峰数字的好几倍, 有钱的都一般不敢乱花钱。从去年1月以来, 国际疫情的担忧一直没有消失掉,消费者在某程度上一直谨慎抑制消费。您可以用手指去算一算, 从一月开始至今,已经有那么多月的压抑情绪了, 而经济被压抑得越多,反弹力度的潜能将越大。今年的经济将会有反弹的机会,因为疫苗逐渐的投放将有助于改善局势,从而逐渐释放压抑已久的消费潜能。
 
随着疫苗在世界各地逐渐的接种推广,今年有3种可能发生的情况:
状况1:新冠大流行终结
状况2:新冠大流行情况有所改善,确诊病例减少
状况3:新冠大流行情况没有什么改善,整体病例人数仍处在高位 
 
要看到新冠大流行今年就此终结(状况1)真的很难,但也并非完全不可能。比如说,药商如果能够成功研发出治疗新冠病毒的药物,使到感染病毒住院的患者都能够痊愈出院,那么这将终结新冠大流行,股市也将飚升。但是,基于病毒的变异,大流行应该不太可能这么快就终结。
 
疫苗大规模推出后,情况应该会有所改善,确诊病例很可能将会减少, 所以状况2的可能性较高。制药公司是经过临床试验,按照严谨的科学准则,将疫苗给研发出来的。开发的疫苗在临床试验展现出抗疫的有效性,这些都是有科学根据的, 也可能将推动某个程度的畜群免疫。就算无法完全终结大流行,但疫苗抗疫的作用至少应能够减少病毒的传播, 总该可以改善整个局势吧。疫情如果有所改善,这将增强消费者信心,经济和市场也将进一步复苏。根据美国1月31日CNN的报告,美国已接种了至少3000万剂新冠疫苗,而美国新冠患者的住院率已下降至10万以下,这是近两个月来的最低水平。美国单日确诊病例也有明显下降的趋势,从一月上旬高峰期的30多万例,已下降至目前的10万例以下。
 
之前的新闻头条显示,美国第四季度GDP的年化增长率为4%(annualized rate)。但其实美国第四季度GDP 同比(就是与2019年第四季相比)是下降 2.5% 的,而不是增长。美国2020年全年的实际GDP也收缩了3.5%。 这些数据意味着,经济进一步反弹的空间仍然很大。
 
去年,不仅美国陷入了全年衰退,许多国家也是如此。我国同样的也不例外。新加坡将疫情控制得很好,但其2020全年国内生产总值还是萎缩了5.8%。 毕竟我国是个开放经济体,所以严重受到国际疫情的打击。 不过,从另外一个角度看,如果新冠大流行情况有所改善,我国经济和市场也将有更大的增长空间。 经济被压抑得越多,情况好转时,反弹力度的潜能将越大。 
 
别忘了,与此同时,货币和财政刺激支出的释放将继续提供流动性供应。拜登政府在某个阶段也应该会考虑推出 基础设施支出法案,有助于展开市场另一轮的拉升。
 
很多人因着新冠疫情的担忧,已经很多个月压抑消费了 ,疫情若转好, 将逐步释放压抑已久的消费需求。 因此,在接下来几个季度,随着更多人接种疫苗免受病毒侵害,以及更多的财政援助进入金融体系,市场的前景仍然乐观。 如果大流行情况更明显改善, 周期性和旅游股可先上涨 。
 
但是,除非大流行完全结束,否则很难看到像特朗普时代初期的大涨势 。以下是一些存有的潜在市场风险:
 
* 拜登政府若实行增税政策将对市场不利。这是民主党人一直以来有意想做的,所以这个只是时间上与增税数额上的问题而已 。在新冠大流行仍疫情没有止息的情况下,拜登政府应该还是会较谨慎行事,不会那么急着推行增税政策,但是到了某个阶段以后,他们还是不得不考虑到要为庞大的财政援助支出与其它的开销筹钱买单,所以我们也得关注此事,随时做好准备。拜登政府也有意对银行以及大型科技公司提出更多的监管, 这些也是对市场不利的政策,值得多加关注。
 
* 对冲基金卖空后被逼空是另一个市场风险。对冲基金最近大量卖空美股Gamestop和AMC, 结果当其股价猛涨时,对冲基金被逼空蒙受大亏损, 被迫卖掉手上其它股票筹钱填补损失,拖累股市大跌。现在的问题是,耶伦会不会采取具体的行动来管理此事? 以后还会不会有其它的股票也遭到类似的逼空交易,又再次掀起股市动荡?
 
* 货币和财政刺激援助提供了流动资金, 让那些陷入困境的公司得以廉价借贷暂且渡过难关。但是,庞大的刺激措施不会永远持续下去,这些陷入困境的公司也无法无限期借钱来解决问题。风险在于刺激援助措施逐渐止息后 ,疫情却没有终结, 商业环境没有明显改善,迫使更多的公司在更长远的期间违约倒闭。
 
* 今年最大的未知数应该还是关于国际疫情今年会有什么转变,尤其是当疫苗广泛应用之后。去年,新冠大流行状况导致全球经济崩溃。今年,新冠大流行状况将影响经济复苏的持续性。新病毒株可能将会是市场最大的风险因素。如果新病毒株一直在变异,甚至变异到已研发的疫苗都无法有效抗疫,那么我们将回到原点,疫苗乐观的期望将消失掉,市场也将回吐涨幅。
 
基于潜在的风险,如果你是一个较不能承担风险的投资者, 可以考虑 较防御性的 股票,如Singtel,Sembcorp Industries,ComfortDelgro和REITS 之类的股票。
 
吉宝企业(Keppel Corp)是一只可以考虑长远投资的股票。该公司退出了亏钱的岸外钻油台业务,导致 2020财政年5.06亿元的净亏损,其股价因而从1月21日的$5.76高点暴跌至$4.81低点。吉宝企业退出亏钱的岸外钻油台业务,转向较有前途的清洁能源业务,再加上其公司其它赚钱的业务,如房地产开发(KeppeLand),与电信(M1),长期前景还是备受看好的。
 
总体而言,今年的市场仍可有期待之处。随着越来越多的人接种疫苗,并获取病毒免疫,这可有助于缓解国际疫情,增强消费者信心与全球经济增长,而庞大的财政和货币刺激措施,继续提供充分的流动性,支撑着金融市场。尽管人们心中存有疫苗最终到底能不能战胜变异毒株的担忧,但就算真的有问题,也应该不会那么快就下判断吧, 至少也要等到好几个月后,当疫苗已分发给大众多数人以后再说,不是吗? 祝大家牛年走牛运,牛年发牛财!
 
 
 
Ecomm 2020 review and 2021 outlook report
 
Here we are in the year of 2021. Let me begin by expressing my appreciation for the continued support offered to Ecomm Invest. Out of all Ecomm paid members due for renewal at the end of last year, 96%  had chosen  to renew their membership for which I am very thankful for. As we look back in the year 2020, I am glad to report that accurate market directions and numerous profitable stock mentions were made in the past year here at Ecomm for our members. Thank you for all your support. Here is a review of the market happenings in 2020, and a look ahead in 2021.
 
Looking back in 2020:
 
The coronavirus epidemic which started in January 2020 changed everything and struck fears into the hearts of people, and crashed the markets. From the onset, in the Ecomm 28th January 2020 update, a SARS chart was presented as reference to show that while there would certainly be market opportunity in a global epidemic,  it could take months not weeks for the markets to recover, and we also reported then that the virus was spreading to the rest of China with 5 million travelling out of Wuhan, and that healthcare stocks are in demand as the coronavirus situation worsened.
 
Before the huge bearish market plunge in March (to which the STI plunged from the closing of 3,007.72 points on 2nd March to 2,233.48 points on 23rd March), our Ecomm market updates on 13 Feb, 24 Feb, 29 Feb, and 4 March advocated beforehand the taking of profits due to the worsening spread of the virus. We commented that the market will likely only do better in April. It turned out that April in year 2020 registered the best monthly gains since 1987 for the Dow and S&P 500, while the STI rose 7.5% between the start and end of April. 
 
After the March market crash, buying recommendations were made at Ecomm, (such as the buy call on Genting on the 20th March update when the stock last traded at just 51 cents back then). Members were encouraged to buy stocks in our 25th and 26th March updates, and Mr Tan Yi Li accurately predicted that the bear market will turn into a bull market at a time when people were mostly fearful.
 
From there, we continued to advocate of market opportunities for the rest of the year. At the time when the research analysts reports out there were mostly pessimistic, Ecomm repeatedly predicted in its 15th April, 27th April, 28th April, and 19th May in year 2020 that the markets will do better in 1 or 2 months time due to the reopening of the economy. Indeed, 1 to 2 months’ from those reports, the global markets surged during the first 10 days of June with the STI jumping from 2550 points in 1st June to 2800 points on 10th June, for a near 10% gain in just 10 days. 
 
Mr Tan Yi Li had predicted again in the  28th March, 4th April, 7th April, 9th April 2020 Ecomm updates that the bear market will turn into a bull market. That turned out to be true when the STI rose from the closing low of 2233 points on 23 March to the closing high of 2800 points on 10th June for a 25% gain, higher than the 20% level that defines a bull market. Mr Tan also accurately predicted that October will be a bad month for stocks while November will be a good month.
 
Following the market crash in March, there were many pessimistic reports out there. One concerned Ecomm member even sent to me an analyst report that gave a pessimistic outlook. But, we stuck to our own analysis and viewpoint, and projected a optimistic outlook in the months ahead, and it turned out that we made the right call. Here at Ecomm, we are committed to sharing with you the good that is out there. But, you can also trust us to provide you our own independent analysis and conviction. We do not just blindly follow the herd out there, and we will disagree when we have to for the benefit of our members. We hope that people will see our sincerity and independent research, and continue to support us in using our services.    
 
Ecomm Recommendations in 2020:
 
Many profitable stock recommendations had been made through Ecomm throughout the year of 2020. These included Hi-P on 17 Jun & 18 Apr 2020, UMS on 2 May & 22 Aug 2020, SGX on 17 Jun & 3 Sep 2020, OCBC on 8 Aug 2020, Sembcorp Industries and ComfortDelgro on 17 Aug 2020, Thai Beverage on 22 Aug 2020, Capitaland on 5 Nov 2020, Hong Leong Asia on 19 Nov 2020., SPH on 19 Nov 2020,  Wilmar on 31 Oct & 18 Dec, and Oceanus on 18 Dec, and many more.  All these made excellent gains. Among them, Oceanus made huge gains of up to + 161%, Hong Leong Asia surged up to +55%,  and Hi-p rose at least 21% upon reaching target price.
 
Ecomm also reiterated its buy call on Gold ETF in its 13th Jan 2020 update. SPDR Gold ETF went on to jump from US$ 145.93 on 13th Jan 2020 to the high of US$193.48 on 7th August 2020. Ecomm had mentioned about the buying of gold as early as 1st Dec 2018 when SPDR Gold ETF was trading at about US$116, and accurately predicted there will be a bullish run in the years ahead.
  
Looking ahead in year 2021:
 
As Biden ushers in a new era, he could possibly be setting the stage for a different market environment, and there are still much uncertainties involved. Whatever Biden has said or proposed before, he could still amend, defer or even change course. While the Democrats had won the majority in the Senate, and certain policies such as tax increases and budget reconciliations require just a simple majority of 51 votes, and the Democrats are generally united in their cause,  however, most other major legislations require 60 votes to pass. There are still uncertainties as to how much the US policies will be affecting the markets, including policies such as pandemic control, US tariffs, and additional fiscal aid, as well as the timing of  the tax increases. 
 
While there will always be political uncertainties, we can focus on what we already know. Even as the pandemic continues on in the U.S. and Europe, we know that there had been mega fiscal and monetary stimulus being poured out,  and countries are rolling out the vaccines. $900 billion US fiscal aid has already been passed and more fiscal aid is on the way. 
  
We know that IMF and various financial institutions had projected strong economic rebound this year. Not that we place our complete faith in these reports, but if we think and analyse it logically, we would find that it all does make sense.  Think about it, the global coronavirus epidemic began in late January last year when China reported thousand over confirmed coronavirus cases which already scared the wits out of everyone. Then in March, it culminated into lockdowns and a horrible recession when the coronavirus cases spiralled out of control in the West. While the economy and the stock market rebounded strongly in June after the lockdowns were lifted, the coronavirus spread continued to worsen to new record levels in the U.S. in the months that followed, and people are mostly thinking twice about spending. The bottomline is this that  despite of the pockets of recovery, people continue to be cautious with their spending due to the ongoing pandemic, especially in the U.S., the world’s largest consumer market, where the number of confirmed cases increased a number of times more than the peak numbers in April. Consumers had to a certain extent been holding back on their spending since January last year. You can count with your fingers, there are many months of pent-up demand since January, waiting to be unleashed should the pandemic situation improves, And it looks like the pandemic situation indeed is going to improve in the months ahead due to the release of the vaccines.
 
There are 3 possible scenarios of what might happen this year when the vaccines would already have been rolled out in many places around the world:
Scenario 1: The pandemic ends
Scenario 2: The pandemic numbers are reduced.
Scenario 3: The pandemic numbers remain high or even worsen
 
It is indeed difficult to see the first scenario of the ending of the pandemic happening but it is not entirely impossible. If they can successfully develop a treatment drug that will treat and discharge the hospitalized patients, then the pandemic will end and the markets will surge. But, that is unlikely to happen. The pandemic is unlikely to end so soon due to the mutations of the virus. 
 
The second scenario of the pandemic numbers going down after the vaccines are largely rolled out would seem the most likely to occur. The vaccines developed by the drug companies had proven to be largely effective  in the test trials. It is all scientific proven, and the vaccinations could eventually lead to herd immunity. Even if the vaccines could not totally end the pandemic, it should at least be able to reduce the chances of transmission and the number of people susceptible to the disease. An improvement in the pandemic situation would translate to better consumer confidence, and a further recovery in the economy and the markets. With at least 30 million vaccines already administered in the U.S.,  hospitalizations due to the coronavirus infections in the U.S. dropped below 100,000 to the lowest they have been in nearly 2 months (according to a report by CNN on 31 Jan).  The number of daily confirmed cases is also seeing an obvious declining trend as the daily cases dropped from more than 300,000 during the peak in early January to below 100,000.  
 
The recent headlines of the economic data showed that U.S. Q4 real GDP rose an annualized rate of 4%. But, if we compare US Q4 GDP to a year ago (ie comparing with 2019 Q4 GDP), it was actually a decline of 2.5%, not an increase. US real GDP for the entire year of 2020 also contracted 3.5%. This tells us that there is still much room for the economy to rebound further. 
 
Last year, it was not just the U.S. going into full-year recession, but it was the same with many countries as well. Singapore is also of no exception, having registered a 5.8% contraction in GDP for the year 2020, even though the community infections were largely brought under control . The global pandemic has hit our nation hard because we are after all an open economy that thrives on global trade and tourism. But, on the flip side, there is going to be more room for our economy and markets to grow should the pandemic improves. The more the economy is depressed, the stronger it can rebound, should the situation improve.
 
Not forgetting also that monetary and fiscal stimulus aid continue to flood the markets with liquidity even as more fiscal stimulus aid awaits to be passed in the U.S. The Biden administration will most likely also be looking at the infrastructure spending bill at some point which will also help bring the markets up another leg.
 
People have kept back from spending for so many months due to concerns of the pandemic, and there is pent-up demand waiting to be unleashed progressively should the pandemic situation improves. Therefore, there is still optimism in the markets in the coming quarters as more people get vaccinated and protected against the virus, and as more fiscal aid goes out into the financial system.  If the pandemic situation improves, cyclical  and tourism stocks would likely be the first ones to benefit. 
 
However, unless the pandemic completely ends, we are unlikely to see the kind of market rally in the early years of the Trump era. There are still a number of potential market risks detailed as follows:
 
* The raising of taxes by the Biden’s administration would be bad for the markets. It is something that the Democrats wanted to do, and hence, it is only a question of when it will be done and by how much the taxes are raised. While the administration may be cautious about raising taxes when the pandemic is still ongoing, at some point they would need to consider how they are going to foot the bill for the mega fiscal stimulus, and other expenses, and we need to watch out for it. Other market unfriendly measures from the Biden’s administration to watch out for would include tighter regulations on banks, and antitrust reforms on the big Techs. 
 
* The short squeeze on hedge funds is another market risk. The recent spectacular rise in the share price of Gamestop and AMC led to huge losses in hedge funds that had short-sold those stocks. These hedge funds were forced to liquidate huge portions of their portfolio to pay for the hefty losses, which led to the recent plunge in the US markets. The question now is whether Yellen will take concrete steps to prevent a similar occurrence. Will the short squeeze stop with the Gamestop and AMC saga, or will there be other targets? 
 
* With all the cheap liquidity coming from the monetary and fiscal stimulus aid, companies in distress were able to buy time and keep themselves afloat. But, the stimulus aid will not continue on forever, and these distressed companies cannot borrow away their problems indefinitely.  The risk is that the stimulus aid dries up, the pandemic still continues on, the business environment does not improve, and more companies go into default in the much longer term. 
 
* The greatest unknown is probably going to be how the pandemic will play out this year, especially after the vaccines had been largely rolled out around the world.  Last year, the pandemic situation brought the global economy and markets to their knees. This year, the pandemic situation will influence the sustainability of the economic recovery. The new strains of virus is probably going to be the biggest threat to recovery. If the virus were to mutate and mutate to the extent that the vaccines originally developed are no longer as effective against the mutated virus, then we are back to square one, and the markets could give back the gains arising from the optimistic expectations of what the vaccines could do. 
 
In lieu of the risks involved, if you are risk averse, you may consider looking at defensive stocks such as Singtel, Sembcorp Industries, ComfortDelgro, and REITS.
 
Keppel Corp is another stock to consider for long-term investment. Its share price plunged from its recent high of $5.76 on 21 January to the low of $4.81 after the company exited its loss-making rig business with impairments that led to a net loss of $506 million in financial year 2020.  After exiting from the loss-making oil rig business, it will be pivoting to clean energy, and together with its other established businesses such as property development (KeppeLand), and telecommunications (M1), its long-term outlook still looks promising.
 
In conclusion, there are still market gains to look forward to this year. As more people get vaccinated and become immune to the virus, it will likely help alleviate the pandemic, which will in turn lead to an improving consumer sentiment and economy, while the mega fiscal and monetary stimulus aid continue to flood the markets with liquidity in the months ahead. While there are concerns on how effective the vaccines ultimately are against a virus that continues to mutate, people will likely not come to a definite conclusion so soon. Probably not until at least months later when nations push out the vaccines to the masses. Wishing one and all a bullish year of returns in the Lunar new year of the Ox!
 
05-02-2021 (Fri) 8.20am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
新航(SIA)本财年第三财季净亏1亿4200万元,首九个月内共净亏36亿零900万元。疫苗的普遍推广,对新航有利。
 
昨天海指一度下跌40多点,但也没有跌破双平均线的支持,海指的上升轨道还是完好的(请参看ECOMM网站图表)。 "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
昨天海指一度下跌40多点,但也没有跌破双平均线的支持,海指的上升轨道还是完好的。
Yesterday, the STI fell by more than 40 points at one point, but also did not fall below the double moving average lines. The upward trajectory of the STI is still intact.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
Singapore Airlines (SIA) reported a net loss of $142 million in the third quarter of this fiscal year, and a total net loss of $3.609 billion in the first nine months. The roll-out of vaccines is beneficial to SIA.
 
Yesterday, the STI fell by more than 40 points at one point, but also did not fall below the double moving average lines. The upward trajectory of the STI is still intact (please refer to the chart on the ECOMM website). "
 
03-02-2021 (Wed) 8.15am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
 
银行股这一轮跌得很凶,已可开始注意。
 
DBS大跌后,开始小幅度上升,在跌破支持线后,又重回支持线上,可能开启另一轮涨势。也可买(LONG)DBS DLC的股票,昨天闭市报0.795,DBS上 涨,DBS(LONG) DLC也会跟着上涨。
 
KEPPEL CORP财报被喧嚷全年输大钱,其实去年最后3个月还赚钱,而且这次还分发7分息,之前输大钱早已知道,也在预料中。在跌破5.01的支持线后,昨天即再重回支持线上,报5.10,上涨0.20元。阻力:5.47-5.72。 支持:5.01。 
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
 
DBS大跌后,开始小幅度上升,在跌破支持线后,又重回支持线上,可能开启另一轮涨势。也可买(LONG)DBS DLC的股票,昨天闭市报0.795,DBS上 涨,DBS(LONG) DLC也会跟着上涨。
After DBS had fallen sharply, it began to rise slightly. After falling below the support line, it returned above it, and another round of gains may have begun. You may also consider buying (LONG) DBS DLC which closed at 0.795 yesterday. If DBS rises, and DBS (LONG) DLC will also rise in tandem.
 
 
 
 
KEPPEL CORP财报被喧嚷全年输大钱,其实去年最后3个月还赚钱,而且这次还分发7分息,之前输大钱早已知道,也在预料中。在跌破5.01的支持线后,昨天即再重回支持线上,报5.10,上涨0.20元。阻力:5.47-5.72。 支持:5.01。
KEPPEL CORP’s financial report stated that the company had lost a lot of money for the year, when in actual fact, it was still making profit in the last three months of last year. It had also distributed 7 cents of dividends. Its loss making rig business was already known, and the losses were expected. After falling below the support line at 5.01, it returned above the support line yesterday at 5.10, a gain of $0.20. Resistance: 5.47-5.72. Support: 5.01.
 
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
Follow-up analysis of individual stocks (please refer to chart on ECOMM website)
 
Bank stocks had fallen fiercely this round, and we may start to look out for these stocks.
 
After DBS had fallen sharply, it began to rise slightly. After falling below the support line, it returned above it, and another round of gains may have begun. You may also consider buying (LONG) DBS DLC which closed at 0.795 yesterday. If DBS rises, and DBS (LONG) DLC will also rise in tandem.
 
KEPPEL CORP’s financial report stated that the company had lost a lot of money for the year, when in actual fact, it was still making profit in the last three months of last year. It had also distributed 7 cents of dividends. Its loss making rig business was already known, and the losses were expected. After falling below the support line at 5.01, it returned above the support line yesterday at 5.10, a gain of $0.20. Resistance: 5.47-5.72. Support: 5.01. "
 
 
19-01-2021 (Tue) 7.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
个别股图形分析跟进(图形请参看ECOMM网站)
 
报业控股(SPH)旗下的各种业务,正在复苏中,业绩表现不错。股价还在低点,值得注意。现 价:1.22,阻力:1.32-1.42,支持:1.20. "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
Follow-up on individual stock analysis (see chart on ECOMM website)
 
The various businesses under SPH are in the midst of recovery, and are doing not too bad. SPH's stock price is still low, and worth looking into.  Current price: 1.22, Resistance: 1.32-1.42, Support: 1.20. "
 
 
07-01-2021 (Thu) 11.05am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
SINGTEL50天日线切上100天日线,可能調整已完成,将开始另一坡涨潮。现价2.33, 目标:2.37-2.60, 支持:2.27.(请参看ECOMM网站图形)
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
SINGTEL 50-day daily line has cut above 100-day daily line. The correction may have ended, and another rising tide could begin. Current price: 2.33, target: 2.37-2.60, support: 2.27. (Please refer to the chart on ECOMM website)
 
07-01-2021 (Thu) 8.45am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  JIUTIAN CHEMICAL经过ABC的调整后,开始上涨。属炒股,风险较大,最多保留三个月。现价:0.089 阻力:0.094-0.12-0.15。  支持:0.084。(请参看ECOMM网站图形) " 
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
After the ABC correction, JIUTIAN CHEMICAL began to rise. It is a high-risk speculative stock and it is not advisable to hold this stock beyond 3 months.  Current price: 0.089 Resistance: 0.094-0.12-0.15. Support: 0.084. (Please refer to the chart) "
 
 
06-01-21 (Wed) 8.35am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  IMF首席经济学家Gita Gopinath预计全球经济将在今年下半年复苏,今年下半年开始恢复正常。世界银行预测2021年全球经济增长4% ,中国增长7.9%。这些都符合我们早前的说法,经济在年中复苏。很多股票现时都还很便宜,所以现在就可以布局买进。
 
个别股图表分析
CHINA AVIATION OIL可能已完成调整,可能上试1.13-1.18-1.29。支持:1.02 现价:1.08。因成交量低,需要一些时间。  "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
CHINA AVIATION OIL可能已完成调整,可能上试1.13-1.18-1.29。支持:1.02 现价:1.08。因成交量低,需要一些时间。
CHINA AVIATION OIL may have completed the correction phase and may attempt to test the upside at 1.13-1.18-1.29. Support: 1.02 Current price: 1.08. Due to low volume, it may take some time.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
IMF chief economist Gita Gopinath predicts that the global economy will recover in the second half of this year and should start to return to normal by the second half of the year. The World Bank predicts that the global economy will grow by 4% in 2021 and China will grow by 7.9%. These are in line with our earlier statements that the economy will recover in the middle of the year. Many stocks are still cheap, so you can still buy them now.
 
Individual stock chart analysis
CHINA AVIATION OIL may have completed the correction phase and may attempt to test the upside at 1.13-1.18-1.29. Support: 1.02 Current price: 1.08. Due to low volume, it may take some time.  "
 
31-12-2020 (Thu) 8.30am
 
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
海指,上证指数,恒生指数都突破强有力的阻力,应可继续上涨。(请参看图形)。如没重大事件发生,牛市第三大上涨坡可能即将开始。
 
12月3日提到的扬子江,当时的价格是0.91,现价是0.95,虽也是个阻力,但扬子江已经过7个月的横摆,蓄势待发,最近不断获得合同,而大户也已卖得七七八八,估计很快就会突破阻力,上试1.02-1.08-1.20。(请参看图形)。
 
12月18日提到的WILMAR,从那天至今,每天都上涨,当时的价格是4.31,现价是4.73,暂时触及阻力,可能需要巩固,才可上试4.98。(请参看图形)。  "
 
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海指突破强有力的阻力,应可继续上涨。
The Straits Times Index has broken through strong resistance and should continue to rise.
 
 
 
 
 
 
上证指数突破强有力的阻力,应可继续上涨。
The Shanghai Composite Index has broken through strong resistance and should continue to rise.
 
 
 
 
 
 
恒生指数突破强有力的阻力,应可继续上涨。
The Hang Seng Index has broken through strong resistance and should continue to rise.
 
 
 
 
12月3日提到的扬子江,当时的价格是0.91,现价是0.95,虽也是个阻力,但扬子江已经过7个月的横摆,蓄势待发,最近不断获得合同,而大户也已卖得七七八八,估计很快就会突破阻力,上试1.02-1.08-1.20。
Yangzijiang was mentioned on December 3, when it was trading at 0.91. The current price is 0.95, and although that price level is also a resistance level, its stock price is set to move higher after having gone sideways for 7 months. Recently, it has been winning contracts, while the big market players had more or less already completed much of their selling. It is expected to break through the resistance soon, and attempt to test the upside at 1.02-1.08-1.20. 
 
12月18日提到的WILMAR,从那天至今,每天都上涨,当时的价格是4.31,现价是4.73,暂时触及阻力,可能需要巩固,才可上试4.98。
WILMAR was mentioned on December 18 and has been rising every day since. Its stock price at the time of mention was 4.31. The current price is 4.73. It temporarily hit resistance and may need undergo consolidation before attempting the upside at 4.98.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The Straits Times Index, Shanghai Composite Index and Hang Seng Index have all broken through strong resistances and should continue to rise.(Please refer to chart). If no major events occur, the bullish upwave of the third major wave may be about to begin.
 
Yangzijiang was mentioned on December 3, when it was trading at 0.91. The current price is 0.95, and although that price level is also a resistance level, its stock price is set to move higher after having gone sideways for 7 months. Recently, it has been winning contracts, while the big market players had more or less already completed much of their selling. It is expected to break through the resistance soon, and attempt to test the upside at 1.02-1.08-1.20. (Please refer to chart).
 
WILMAR was mentioned on December 18 and has been rising every day since. Its stock price at the time of mention was 4.31. The current price is 4.73. It temporarily hit resistance and may need undergo consolidation before attempting the upside at 4.98. (Please refer to chart). "
 
18-12-2020 (Fri) 7.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  个别股图表分析
 
WILMAR INTERNATIONAL已横摆多时昨天突破双平行线的阻力。现价:4.31支持:4.14 阻力:4.56-4.74。可作为长期投资。
 
Oceanus子公司AP Media Pte Ltd获得 “Excellence in Event Marketing(Virtual)" 奖。Oceanus有些改进,可开始注意。股价从0.008上涨至0.033后,调整至0.022,调整可能已结束。现价:0.026 支持:0.022  阻力:0.033-0.055-0.068。  "
 
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WILMAR INTERNATIONAL已横摆多时昨天突破双平行线的阻力。现价:4.31支持:4.14 阻力:4.56-4.74。可作为长期投资。
WILMAR INTERNATIONAL had been trading sideways for a long time. It broke through the resistance of the double parallel lines yesterday. Current price: 4.31 Support: 4.14 Resistance: 4.56-4.74. May be considered for long-term investment.
 
 
 
Oceanus子公司AP Media Pte Ltd获得 “Excellence in Event Marketing(Virtual)” award奖。Oceanus有些改进,可开始注意。股价从0.008上涨至0.033后,调整至0.022,调整可能已结束。现价:0.026 支持:0.022  阻力:0.033-0.055-0.068。
AP Media Pte Ltd, a subsidiary of Oceanus Group, has been conferred the "Excellence in Event Marketing (Virtual)" award. Oceanus has made some improvements, and we may start paying attention to this stock. After its stock price rose from 0.008 to 0.033, it had corrected to 0.022, and the correction may have ended. Current price: 0.026 Support: 0.022 Resistance: 0.033-0.055-0.068.
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  Individual stock chart analysis
 
WILMAR INTERNATIONAL had been trading sideways for a long time. It broke through the resistance of the double parallel channel yesterday. Current price: 4.31 Support: 4.14 Resistance: 4.56-4.74. May be considered for long-term investment.
 
AP Media Pte Ltd, a subsidiary of Oceanus Group, has been conferred the "Excellence in Event Marketing (Virtual)" award. Oceanus has made some improvements, and we may start paying attention to this stock. After its stock price rose from 0.008 to 0.033, it had corrected to 0.022, and the correction may have ended. Current price: 0.026 Support: 0.022 Resistance: 0.033-0.055-0.068. "
 
15-12-2020 (Tue) 7.45am
最近的科技股遭受到强大的压力,UMS也遭受卖压,已横摆多时,昨天触及较强的支持线,开始上升。现价:1.02,支持:1.00 阻力:1.09-1.19。(见ECOMM网站图形)  "
 
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( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
Recently, technology stocks have been under strong downward pressure. UMS had also been under selling pressure. After going sideways for a long time, this stock touched a strong support line yesterday, and started to rise. Current price: 1.02, Support: 1.00 Resistance: 1.09-1.19. (See chart on ECOMM website) "
 
 
23-11-2020 (Mon) 9.00am
海指周五上涨1.3%,或36点,至2813.11点,表现优于大多区域市场。陈奕利先生周四早上开市前推荐的SPH和Hong Leong Asia周五大涨。 SPH上周五股价飙升19.1%或20分,至$1.25。 Hong Leong Asia 周五上涨9.2%或6分,至66分,两天总共大涨17.9%。
 
 
The STI rose 1.3% or 36 points to 2813.01 on Friday, outperforming most regional markets. SPH and Hong Leong Asia, the two stocks that Mr Tan Yi Li recommended before markets opened on Thursday morning, made spectacular jumps on Friday. SPH surged 19.1% or 20 cents to $1.25 on Friday. Hong Leong Asia rose 9.2% or 6 cents to 66 cents on Friday, for a 2-day cumulative total gains of 17.9%.
 
 
19-11-2020 (Thu) 8.20am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  尽管疫苗有利好消息,但是要进行接种还需要几个月,而殴美疫情恶化,新的防疫限制措施纷纷出台,担忧影响经济复苏,道指与标普创新高后连续两天下滑。
 
瑞银预测美股明年将跑输全球股市 ,但高盛看好明年中国股市。本地的海指还在低点,股票的价格还是非常低,而新冠疫情又已受控制。所以新加坡和中国的股市明年将会吸引投资者。
 
个别股图形分析
HONG LEONG ASIA月线图:从历史性高点5.04元大跌至历史新低点0.36,开始反弹至昨天0.56元,有下跌可买进,可作长期投资。 阻力:0.695 -0.865  支持0.42
 
报业控股从历史性高点6.58惨跌至0。99。开始反弹,渐渐要形成圆底,可作长期投资。 阻力:1.06-1.10-1.25   支持0.99  "
 
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HONG LEONG ASIA月线图:从历史性高点5.04元大跌至历史新低点0.36,开始反弹至昨天0.56元,有下跌可买进,可作长期投资。 阻力:0.695 -0.865  支持0.42
HONG LEONG ASIA monthly chart: Having fallen from a historic high of $5.04 to a new all-time low of $0.36, it began to rebound to $0.56 yesterday. We may look into buying this stock for long-term investment upon price retreat. Resistance: 0.695-0.865 Support 0.42
 
 
 
 
报业控股从历史性高点6.58惨跌至0。99。开始反弹,渐渐要形成圆底,可作长期投资。 阻力:1.06-1.10-1.25   支持0.99 
SPH plummeted from a historic high of 6.58 to 0.99. It started to rebound, gradually forming a rounded bottom, and may be considered for long-term investment. Resistance: 1.06-1.10-1.25 Support 0.99 
 
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  Although there is good news on the vaccine developments, it could take several months before large-scale vaccinations can be rolled out. The coronavirus outbreak in the U.S. had worsened and new coronavirus measures had been introduced. Due to the concerns about the impact of the restrictive measures on the economic recovery, the Dow and S&P fell for a second straight day after hitting new record highs. 
 
UBS predicts that the US stock market will underperform the global stock market next year, while Goldman Sachs is optimistic about the Chinese stock market next year. The local STI is still at a low point; stock prices are still very low, while the local coronavirus epidemic had been brought under control. Hence, Singapore and China’s stock markets will attract investors next year.
 
Chart analysis of individual stocks
HONG LEONG ASIA monthly chart: Having fallen from a historic high of $5.04 to a new all-time low of $0.36, it began to rebound to $0.56 yesterday. We may look into buying this stock for long-term investment upon price retreat. Resistance: 0.695-0.865 Support 0.42
 
SPH plummeted from a historic high of 6.58 to 0.99. It started to rebound, gradually forming a rounded bottom, and may be considered for long-term investment. Resistance: 1.06-1.10-1.25 Support 0.99  "
 
 
18-11-2020 (Wed)  9.00am
新航昨日在指数股中表现最佳,该股大涨4.9%或19分,至$4.06。我们一直在推荐新航,甚至其股价跌破$3.50时,我们也在推荐新航。我们推荐的其他股票也继续上涨。DBS上涨1.8%,至$24.65。 Capitaland上涨1.4%至$2.93。Genting上涨1.9%,至82分。 Singtel上涨1.7%至$2.35。KeppelCorp上涨0.6%,至$5.08。Thai Beverage上涨2.2%,至70.5分。
 
在过去的几个月中,Ecomm一直都在推荐新加坡股,因为估值具有吸引力。 贸易关税与新冠大流感使到全球贸易停滞,而新加坡身为开放经济体,经济受到特别严重的打击。拜登赢得了总统大选,这意味着特朗普设立的贸易关税很可能将会被推翻,而疫苗的推出可帮助除掉病毒与全球各种疫情的限制,这些都对我国的经济以及新加坡价值和周期性股大有帮助。周期性股包括房地产和银行股,股价最近因着疫苗的利好消息已飙升。... 尽管冬季可能存有风险,但由于全球贸易前景有望改善,新加坡股市应仍受青睐。
 
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( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
SIA was the top gaining index stock yesterday, surging 4.9% or 19 cents to $4.06. We had been recommending SIA, even when it was trading as low as under $3.50.  Other stocks we had recommended also continued to rise. DBS rose 1.8% to $24.65.  Capitaland rose 1.4% to $2.93. Genting rose 1.9% to 82 cents. Singtel rose 1.7% to $2.35. KeppelCorp rose 0.6% to $5.08. Thai Beverage rose 2.2% to 70.5 cents. 
 
We at Ecomm had been consistently recommending Singapore stocks in the past months for its attractive valuation. Singapore is an open economy, and is particularly hit by the trade tariffs and the pandemic which brought global trade to a standstill. Now that Biden had won the election, it is very likely that tariffs will be reversed, while the rollout of potential vaccines can help to eradicate pandemic restrictions, and normalize global trade.  Both developments will be largely beneficial to our economy, and to Singapore's depressed value and cyclical stocks. Cyclical stocks include property and banking stocks which had recently surged due to the positive news of the vaccine... Though there may be risks in the winter season, Singapore stocks remain in favour as the outlook for global trade look set to improve.
 
 
17-11-2020 (Tue) 7.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  受Moderna疫苗的利好消息推动,美国的航空、旅店、餐厅、邮轮等板块普遍走高。本地的这些股票也会被带动,如SIA及其相关的股票,交通股如COMFORTDELGRO,旅店和产业如城市发展,UOL,CAPITALAND等,休闲股如GENTING等,还有戏院、餐厅和REIT等等,都可注意加仓。
 
经过八年谈判,区域全面经济伙伴关系协定(RECP)终于在星期天签署,这是全球最大的区域自由贸易协定,有助于抵抗反全球化,对我国和区域经济复苏有利、也可拉动全球经济增长。 "
 
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( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
The positive news of Moderna vaccine drove US aviation, hotel, restaurant, cruise stocks higher in general. Local stocks of these sectors will also be boosted such as SIA and related stocks, transportation stocks such as COMFORTDELGRO, hotels and property stocks such as CITY DEV, UOL, CAPITALAND, and leisure stocks such as GENTING, as well as theaters, restaurants and REITs etc. You may look to add positions. 
 
After eight years of negotiations, the Regional Comprehensive Economic Partnership Agreement (RECP) was finally signed on Sunday. This is the world’s largest regional free trade agreement. It helps to resist anti-globalization, and is beneficial to the recovery of the economy of our nation and that of the region, and can also boost global economic growth. "
 
14-11-2020 (Sat) 5.30pm
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  新冠病毒感染病例迅速增加,虽不利于经济和股市,但疫苗的利好消息,却使长期愿景充满希望。
 
摩根大通策略师声称新冠疫苗的乐观消息将改变市场格局,并预计股市会延续涨势。高盛预计,全球股票指数今年有望取得可观的收益,而高速的经济增长和宽松的政策是有利于周期性资产。
 
股市开始轮动上涨,好好把握这难得的机会,11月的股市应该是不错的。
 
从2009年牛市以来几乎大部分的股市都破历史新高,新加坡只上涨至3641,与3936高点还差295点,有点丢脸。不过现今股票价格偏低,特别吸引人,新冠病毒又控制很好,经济将起飞,因此我们的股市特别吸引人,期待明年直上破新高。
 
在今年3月牛市刚一开始,在股价最低,人们最惊慌时,我们已发出买入股票,如0.51的云顶,也认为当时已进入牛市。以最近来说,9月已认为10月股市不好,10月时认为11月好。而昨天提到的SING TEL和COMFORTDELGRO,双双都上涨,昨天的表现也是几个月以来表现最好的。"
 
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( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The rapid surge in the number of new coronavirus infections is not good for the economy nor the stock market, but the good news of the vaccine gave rise to hope in the longer term. 
 
JPMorgan Chase strategists claim that the optimistic news of the coronavirus vaccine will be a game-changer for the markets, and are expecting the stock market to continue its rally. Goldman Sachs predicts that the global stock indices will make considerable gains this year, as rapid economic growth and loose monetary policies are conducive to cyclical stocks.
 
The stock market has begun to go into rotation.  Take advantage of this opportunity as the stock market should do well in November.
 
Since the bull market in 2009,  the various global markets had mostly broken record highs. Yet, Singapore's STI only rose to 3641 points, which is 295 points shy of its historical high of 3936 points, and that was a little embarrassing. However, the current stock prices are low, and attractive. The coronavirus epidemic in Singapore is well under control and our economy will take off well. Therefore, our local stock market is particularly attractive. We are looking forward to see the local index breaking into new highs next year.
 
At the beginning of the bull market in March this year, when stock prices were at their lowest, and people were at their most panicky, we issued buy calls on stocks, such as Genting at 0.51, having ascertained at an early stage that the bull market was arriving. Recently, I analysed in September that the market in October will not be good, while predicting in October that the market in November will do well. The two stocks that were mentioned here yesterday, Singtel and ComfortDegro, had also surged to its best gains in months.   "
 
 
 
13-11-20 (Fri) 8.20am
 
康福德高(ComfortDelgro)第三季转亏为盈,虽然外围环境依然严峻,但本地业务开始改善,可趁低买进作长期投资。
 
新电信(Singtel)上半年扭转去年同期亏损的情况。净利达到4亿6600万元,也可开始注意。 "
 
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( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
ComfortDelgro turned from losses to profit in the third quarter. Although its external operations abroad still look severely challenging, its local business had begun to improve in profitability. We may look to buy this stock for long-term investment while its price is low.  
 
Singtel reversed from losses in the first half of the year with net profits of $466 million. We may also start looking out for this stock. 
 
11-11-2020 (Wed) 9.00am
 
Ecomm一直都在推荐低估值的新加坡股票。Ecomm早前在低价时也因着种种原因推荐旅游与休闲股,这些原因包括新冠疫苗的正面发展,我们的交通运输部长有意重振我国航空枢纽,政府将派出总值3.2亿新元的本地旅游消费券给新加坡人,以及本地的新冠疫情基本上已得以控制。 (请参阅2020年8月17日(在“目前大流疫的状况与市场未来的前景”部分),2020年9月10日和2020年10月19日的Ecomm分析报告)。昨天我们的确看到旅游股的表现最好.SIA暴涨14%或48分,至$3.91。云顶上涨6.5%或4.5分,至73.5分。 ComfortDelgro上涨5.6%或8分,至$1.51。
 
我们推荐的其他股票,如DBS,Capitaland,KeppelCorp,Singtel和 ThaiBeverage,也都有出色的表现。
DBS上涨6.3%,至$24.40。 Capitaland上涨4.9%,至$2.77。KeppelCorp上涨3.2%,至$4.86。 Singtel上涨3.3%至$2.22。ThaiBeverage上涨5.5%至67.5分。
 
 
 
Ecomm has consistently been recommending Singapore stocks,  highlighting the attractive valuations. Ecomm had previously also recommended travel and leisure stocks when they were still at low prices due to potential positive developments of the coronavirus vaccine, our Transport Minister looking to revive Singapore's air hub, Singaporeans getting S$320m worth of local tourism credits from the government, and the coronavirus epidemic in Singapore largely being brought under control. ( Please refer to 17-Aug-2020 (under Current Pandemic Situation and the Market Outlook section), 10-Sept-2020, and 19-Oct-2020 Ecomm update). It turned out that the travel and leisure stocks were the best performers in the SGX market yesterday. SIA surged 14% or 48 cents to $3.91. Genting jumped 6.5% or 4.5 cents to 73.5 cents. ComfortDelgro rose 5.6% or 8 cents to $1.51. 
 
The other stocks recommended by us such as DBS, Capitaland, KeppelCorp, Singtel and Thai Beverage also did very well. 
DBS rose 6.3% to $24.40. Capitaland rose 4.9% to $2.77. KeppelCorp rose 3.2% to $4.86. Singtel rose 3.3% to $2.22. Thai Beverage rose 5.5% to 67.5 cents. 
 
 
10-11-2020 (Tue) 8.55am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
" 新加坡新冠 疫情也已控制,股市也会吸引资金进场。受疫苗利好消息提振,昨天美国航空股普遍走高。本地受疫情影响的股票也可能将上涨,可能可以加仓买进。如航空,交通,消闲,产业,银行等等。SIA,SATS,COMFORTDELGRO,CITY DEVELOPMENTS,CAPITALAND,CAPITALAND INTCOMM T ,UOL,三大银行等等都值得注意。  "
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
" Singapore's coronavirus epidemic has also been brought under control, and the stock market will also attract capital funds. Boosted by the good news about the vaccine, American Airlines stocks generally rose yesterday. Local stocks affected by the epidemic may also rise, and we may consider increasing positions on these stocks such as those in the aviation, transportation, leisure, property, banking and so on. SIA, SATS, COMFORTDELGRO, CITY DEVELOPMENTS, CAPITALAND, CAPITALAND INTCOMMT, UOL, the three major banks etc. are all note-worthy. "
 
 
09-11-2020 (Mon) 9.00am
美国大选的不确定性因素已有所缓解。拜登的胜利也将意味着美国的关税将会被除掉,这对新加坡和香港的开放经济体是有利的。
 
最新经济数据显示,中国经济继续反弹,其出口增长意外达至 19个月高点。中国上个月的出口同比增长11.4%,高于9月份的9.9%的增长,也高于彭博社预测预测的9.2%增长。
 
不错的经济数据,以及美国大选不确定性因素被消除之际, 全球市场短期内应该会得到支撑。
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully, and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
Much of the uncertainties of the U.S. election had been alleviated. Biden's win would also mean that U.S. tariffs would likely be rolled back, and that is good for the open economies of Singapore and Hong Kong.
 
Economic data showed China's economy continuing to rebound with its latest export growth unexpectedly hitting the highest level in 19 months.  China's exports rose 11.4% last month from a year ago, higher than the 9.9% growth in September, and the forecast of a 9.2% growth by Bloomberg.  
 
Robust economic data, and the uncertainties of the U.S. elections being alleviated could lead to the global markets being supported in the near term.
 
 
05-11-2020 (Thu) 8.45am
凯德集团(CapitaLand)第三季业务显示有复苏迹象,CapitaLand已下跌多时,股价便宜,可吸引投资者进场,图形正处于较强的支持线上,我看好这只股票。现价:2.56 阻力(目标):2.61-2.65-2.80 支持:2.53.
 
CapitaLand showed signs of recovery in the third quarter. Its share price had fallen for a long time, and is looking cheap, and could attract investors. The technical charts are showing its stock price is on a stronger support line. I am optimistic about this stock. Current price: 2.56 Resistance (Target): 2.61-2.65-2.80 Support: 2.53.
 
 
 
 
 
04-11-2020 (Wed) 8.55am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
“  海指距离2500点,只差2.78点,这一轮应该会攻克这个关口。10月股市下跌,股价相对便宜,特别吸引人,会引发11月股市大反弹,我还维持上个月对11月股市的看法,11月的股市将会有不错的表现,即使这一两天股市大涨,现在的股价还是便宜,还是吸引人,周期股和价值股都可注意。昨天我还提到“假如一切顺利,美国大选不生枝节,海指有可能进入第3大波上涨波。"假如果真进入第3大波上涨波,那上涨的势头将非常强。 ”
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The STI is only 2.78 points away from 2500 points, and this psychological resistance ought to be overcome this time round. The stock market fell in October, and the stock prices were relatively cheap, and attractive. It will trigger a big rebound in the stock market in November. I still maintain my view last month that the stock market will do well in November, even as the markets surged in these past two days. The stock market has soared, and the current stock prices are still cheap and attractive. Both cyclical stocks and value stocks may be watched out for.  Yesterday I also mentioned that “If all goes well and there are no complications in the US election, the STI may enter the upwave of the third major wave." If it does really enter the third wave, the upward momentum will be very strong. "  
 
 
03-11-2020 (Tue)  9.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  今天美国大选,市场最担心的是大选的结果会不会顺利宣布,因为邮寄投票数量大增,增添变数。如果票数接近,要特朗普认输并不容易。不过不管谁当选,股市可能都会不错。下个星期,当局势明朗化,股市应将有不错的表现。假如一切顺利,美国大选不生枝节,海指有可能进入第3大波上涨波。"
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  In today's US general election, the market is most worried about whether the results of the general election will be announced smoothly, as the number of mail-in ballots increased significantly, adding to the variables of uncertainties. If the voting results come in close, it may not be easy for Trump to admit defeat. But no matter who is elected, the stock market will likely turn out well.  Next week, when there is greater clarity in the situation, the stock market ought to perform well. If all goes well and there are no complications in the US election, the STI may enter the upwave of the third major wave.  "
 
 
28-10-2020 (Wed) 8.50am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  下星期二美国总统大选,一些已大跌的周期股或价值股,可开始注意,如 CAPITAMALL TRUST,CAPITALAND,COMFORTDELGRO,KEPPEL CORP ,SINGTEL,YZJ等。  "
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
The US presidential election will be held next Tuesday, and we may start to pay attention to some of the cyclical or value stocks that have fallen sharply, such as CAPITALMALL TRUST, CAPITALAND, COMFORTDELGRO, KEPPEL CORP, SINGTEL, YZJ etc.  "
 
 
 
21-10-2020 (Wed) 8.55am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  美国要求大型银行留存足以支撑一年的流动资金 或加剧市场压力。
 
全球确诊超四千万 ,欧美疫情仍在恶化.摩根士丹利首席美股策略师Mike Wilson认为,美股即将出现10%的调整。...
 
 
10月的股市有太多的不確定性,还是会激烈波动,但可趁調整时累积,小跌可能可以小买,大跌可能可以大买,因为11月美国大选后,局势会较明朗化,而疫苗也可能开始出现。..  "
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The U.S. large banks are requested to retain sufficient liquidity for a year, and this could increase downward pressure on the markets. 
 
There are now more than 40 million confirmed coronavirus cases globally. The epidemics in Europe and the United States are still worsening.  Mike Wilson, chief US stock strategist at Morgan Stanley, believes that US stocks will soon undergo a 10% correction...
 
 
There is too much uncertainty in the stock market in October, and there could still be wide fluctuations. But, a market correction could be an opportunity to accumulate stocks. A smaller decline may be opportunity for a smaller buy, while a bigger decline may be opportunity for a bigger buy. This is because there will be more clarity after the US general election in November, and vaccines may also start to be available for public use..."
 
 
16-10-2020 (Fri) 12.02pm
新加坡9月份的非石油出口同比增长5.9%,虽然增长步伐低于预期,也低于8月份同比增长率的7.7%,但已连续第四个月扩张。...我国控制好疫情局势,经济也正在康复之中。 在股市下跌时,仍可注意本地股。
 
 
Singapore's non-oil exports rose 5.9% year-on-year in September, and although it came in lower than expected, and lower than the August figure of 7.7% growth, it has nonetheless expanded for a fourth straight month...Singapore's economy is recovering well even as the coronavirus epidemic is brought under control in the country. Local stocks may still be looked into especially whenever the market plunges.
 
 
16-10-2020 (Fri) 9.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
“  花旗美股交易策略主管亚历山大·奥尔特曼(Alexander Altmann)表示,无论谁赢得大选,价值股(价值可能被低估的股票。 这类股票通常具有低市盈率(P/E ratio)与市净率(P/B ratio)、高股息(dividend)的特征)在大选六个月后,都会有出色表现。
 
 
10月的不明朗的因素太多,股市还会激烈波动,但也是个机会,如有大跌,可以趁机买进价值股,因为价值股可能已被低估,11月美国总统大选后,会较明朗化,价值股也很可能有较好的表现。  ”  
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  Alexander Altmann, head of Equity Trading Strategy at Citibank, said that no matter who wins the election, value stocks will do very well 6 months after the election. (Value stocks are stocks that may be undervalued. These are stocks with low P/E ratios, low price-to-book ratios (P/B ratio), and high dividends).
 
There are too many factors of uncertainty in October, and the stock market will still fluctuate widely. But, it is also an opportunity to buy value stocks should the market plunge. That is because value stocks could be undervalued, and when uncertainties are lifted after the US elections in November, these stocks could do better then.  ”
 
 
14-10-2020 (Wed) 8.45am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  国际货币基金组织(IMF)预计全球各国经济前景出现恶化,美股可能面临急剧调整。不过全球经济预计在2021年增长5.2%,明年出现负增长的概率较低。
 
明年股市可能还会继续上涨,但要小心10月的股市。 "
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  The International Monetary Fund (IMF) predicted that the economic outlook of countries around the world will deteriorate, and that the US stock market could face a sharp correction. However, the global economy is expected to grow by 5.2% in 2021, and the probability of negative growth next year is low.
 
The stock market may continue to rise next year, but beware of the stock market in October. "
 
 
08-10-2020 (Thu) 9.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
" ... 市场的走势将还是会上下激烈波动,因为不确定的因素太多了。
 
上个月Ecomm网站有提过周期性股可注意,最近周期股的表现相当不错。如银行股,产业股,科技股和航空股等。10月股市反反复复,但也可能是一个买进的机会,有下跌可买进,尤其是大跌,更是买进的好机会。  "
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
" ... The market trend may still fluctuate significantly due to the many factors of uncertainty.
 
Cyclical stocks were recommended as noteworthy stocks on the Ecomm website last month, and these had performed well recently, including those such as banking stocks, industrial stocks, technology stocks and aviation stocks. The stock market may go up and down in October, but there may also be opportunities to buy, especially when there are sharp falls in the market.  "
 
 
 
17-Jun-2020 (Wed) 8.55am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
白宫正在考虑一项1万亿美元的基础设施计划.从最新的消息来看,中美的紧张关系有趋于缓和的迹象。中目中央外事工作委员会办公室主任杨洁篪与美国务卿蓬佩奥或者即将在夏威夷举行会见面.又传说美国正在修改禁止美国企业与华为进行生意往来的禁令,而美国5月份零售销售月率增长17.7% 创历史最大单月增幅,目前特朗普正在努力提振美国经济,争取连任.
 
好消息频传,市场乐观的氛圍应可能再继续推高股市一些时候,但是美国重启经济1个月后,美国的经济和疫情仍然未出现明显好转。而美国三大指数却还在历史高点徘徊,美国要推高股市越来越不容易,只能靠特朗普和联储局不龂推出刺激措施,市场將出现剧烈波动,已不象6月初那样气势如虹,6月的股市可能己形成乘高套利,乘低买入的格局.
 
个别股分析
香港有关华为概念股大涨,科技股可注意,如HI-P在89天日线的支撑下并始上涨目标1.18,支持:1.03。
 
SGX在8.12有支撑,如能上涨,将形成双底,目标8.58-9.00.现在价格8.22
 
(本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
 
香港有关华为概念股大涨,科技股可注意,如HI-P在89天日线的支撑下并始上涨目标1.18,支持:1.03。
Hong Kong's  Huawei-related stocks had soared, and technology stocks such as HI-P may be watched. Hi-p has the support of the 89-day daily line and is beginning to rise to the target price of 1.18.  Suppport is at $1.03.
 
 
 
SGX在8.12有支撑,如能上涨,将形成双底,目标8.58-9.00.现在价格8.22
SGX finds support at 8.12, and if it is able to rise further, a double-bottom will be formed. Target: 8.58-9.00. Last traded at 8.22
 
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
The White House is considering a $1 trillion infrastructure spending plan. The latest news also revealed signs of the easing of tensions between China and the United States. China’s top diplomat, Yang Jiechi,  and US Secretary of State Pompeo will soon meet in Hawaii, and it was also said that the US  is revising the ban that prohibits U.S. companies from doing business with Huawei. The US retail sales also rebounded strongly with a 17.7% growth in May, the largest monthly increase ever. Trump is currently working hard to boost the U.S. economy as he fights on to be reelected as President. 
 
The latest good news that propagate an optimistic market sentiment would likely help push up the market for quite some time. However,  one month after the US had restarted its economy, the US economy and the epidemic situation had not improved significantly, while the three major U.S. indices are still hovering near historical highs. As such, it is becoming increasingly difficult for the U.S. markets to be pushed up further, and the markets would need to rely on stimulus measures introduced by President Trump and the Federal Reserve to go the distance. Things are no longer like what it was in early June which saw strong momentum of gains in the markets, and the current market is likely to fluctuate up and down in volatility. The strategy for market trading in June would be more of profit-taking and buying on dip. 
 
Individual Stock analysis
Hong Kong's  Huawei-related stocks had soared, and technology stocks such as HI-P may be watched. Hi-p has the support of the 89-day daily line and is beginning to rise to the target price of 1.18.  Suppport is at $1.03.
 
SGX finds support at 8.12, and if it is able to rise further, a double-bottom will be formed. Target: 8.58-9.00. Last traded at 8.22
 
( All contents provided are for informational purposes only and are at the user's own risk. You should consider carefully,and seek professional advice before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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