Feds mentioned it's possible to hike rates over the next few months this year. Figures from US economy proves to be relatively well and robust, except some soft spots in some months. Oil's rally hit a plateau and is hanging around 48+ within the last 24 hours
I'm expecting some background profit taking today, along with retail buyings who are chasing the yesterday's rally. there might be some laggard stocks which may rally today. my 2 cents
Lastly, I understand that it is impossible for me to email any short term trades at short notice. My friend suggested to me to Whatsapp/text him of any short term stocks worth looking at. if you are keen, please leave me your number. If I spot anything, I will mass whatsapp all. However, please note short term trades are volatile. you should have a cut loss plan if it turns against you.
Short term trades to note:
-
Mermaid Maritime (Oversold, given current oil price, it should recover )
-
QnM
(broken out from the trend yesterday. may be looking for the next resting price. Quarter results not out yet, so i am guessing some upcoming pending news. ) -
ThaiBev (the current price action i believe is due to fund houses buying into the shares. Based on credit Suisse and Morgan Stanley, valuation is around 0.90 to 1.00. Thus i believe that this is not over yet. Let it cool down first.)
KEY HIGHLIGHTS
Sector
Plantation
1Q16 results review: Mixed results; earnings dragged by low production and ASP but mitigated by higher sales volumes and improved downstream operations.
At A Glance
Corporate
Hyflux: Offers $S300m perpetual securities.
Noble: Fitch downgrades Noble's credit rating to junk.
Sector
Technology: NTU launches research centre for 3D printing.
Venture Capital: NRF to put up S$85m VC funds jointly with CapitaLand, DeClout, Wilmar and YCH.
Economics
Economy: Still no silver lining in sight for non-oil domestic exports.
Politics: There's room for Singapore-Russia trade to grow: PM Lee.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=34109&h=11db6a59100b3e48e6aa854e126f7059
