The current market condition is very largely dependent on external news and information; oil prices, US, Hang seng futures, SG gdp, and major global news.
I know many clients have been asking me if there will be a crash or not. I think it is not an answer of Yes or No. It will be more appropriate and logical to flow with the market and observe the trends and news along the way.
On the other hand, before any major movements, there will be a lot of whipsaw movements in the market. Of which, based on stock market cycle and trading signs, it seems to be happening now.
Lastly, please spread your purchases and buy at each support level of STI. Aim for bluechip shares and avoid mid cap or penny shares in such times.
attached is a weekly chart of STI.
my 2 cents
KEY HIGHLIGHTS
Strategy
3Q15 Report Card – Lacking Beats
The 3Q15 reporting season ended with only 13% exceeding expectations and others mainly in line. Consensus and our estimates continue
to suffer downward revisions. Stay selective on mixed macro outlook and earnings downside.
At A Glance
Corporate
First REIT: To acquire stakes in Indonesian hospital and mall for S$70m.
Frasers Hospitality: Launches second Tianjin property.
Sembcorp Marine: Scores newbuild FSO vessel win.
SGX: To launch SGX-listed FX block futures on EBS market.
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https://research.uobkayhian.com/content_download.jsp?id=31380&h=28906041af66e9058de9fde01d54540d
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