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Hospitality sectors in SG to rally Read the latest news here With the mask off in outdoor settings in SG, I believe many who have no plans to travel to Malaysia, Thailand or nearby countries would quickly book restaurants and hotels to make all kinds of family plans which previously was capped at 5pax maximum gathering. Now it has increased to 10, big enough for most extended families. Look at Kimly profile here I like its business mix as it caters to the middle income group mostly with its wide variety of cuisine offerings and convenient locations islandwide. Be patient and wait for the breakout to happen first, buying now is premature as it has some more rooms to fall .
SGX:1D0Long
by dchua1969
Super bullish from both Fundamental and Technical perspective Based on historical chart, we can see that during GFC in 2008/09, SIA Engineering drop to the lowest point to $1.48 and closed at $1.87 in March 2009 on the monthly chart. During Covid-19 Pandemic, SIA Engineering dropped to $1.48 once again and slowly supported between $1.48-$1.90. Since then, it continue to climb up (recovery) since Covid-19 vaccine slowly introduce, country open up. However. last week, based on Singapore PM Lee speech, open up Singapore and Singapore border, this will be a good news for the economy and some sector will perform outstanding. From the surface Fundamental + technical perspective, I'm confident with the bullish in SIA engineering. March 2022 is ending soon. if the candle able to closed above $2.4, above 23.6% Fibo from the swing high to low, we will be seeing $3 as the next resistance.
SGX:S59Long
by probabilityta
[Analysis] Nordic (MR7), silent and slow but.. looks good!2This is a low liquidity counter that is flying under the radar. Established bottom in mid-2020 at 0.200. Currently is up 112% at 0.420. While it does not boast aggressive rallies like Propnex/Hourglass/Frencken, Nordic is still handing around the 52 weeks high and is largely unaffected by market volatility. It has quite a healthy balance sheet. Their 2021 financial result, which was released yesterday (21 Feb 22), was spectacular. 27% increase in revenue, 153% increase in profit. They are paying 50% of their net profit in dividends which is more than their 40% policy. At the current price, the dividend yield is at 2.89%. If you are afraid of current market volatility, and if you do not mind slow-moving counters just to park your money for a year, Nordic may be a good choice. Sometimes, having a less volatile counter in your portfolio can be a good thing.
SGX:MR7Long
by NimbusCapital
Watch for break above resistanceWatch for break of resistance point of 2.6, look for daily close above. Tomorrow opening above 2.6 would be good for some upside moves provided it closes green. Alternatively a downward move is also possible, all depends on tomorrow opening. a retest of lows of 2.3 or trendline is possible. 19 May is earnings date, could be a catalyst for a rebound should it test lows or a continuation or either direction. Looking for similar pattern as Keppel Corp BN4 Target: previous highs of 2.85-2.86
SGX:Z74Long
by ng4312
Semcorp Industry, not really a strong buySemcorp Industry got its happy ending after divorce from its toxic marriage with Sembcorp Marine. Price has been up ever since. In fact, we had a previous buy call back in April 2021. It hits our TP level of 2.20 back then, and it is now trying to re-test the resistance at 2.30 again. Whether it can break the resistance or not, we cannot say. However, as long as the price is maintained above the support level of 1.63, Sembcorp Ind remains bullish. It could consolidate for months or years before it can break out, nobody knows. Hence holding power is important because there is no analysis that can predict time. There is also another major resistance at the 2.50 level, which makes it less attractive to other available options out there. On the bright side, it does have a dividend yield of 3.0% at its current price. So you're not really "losing" for holding if the price goes sideway for a prolonged period Verdict: If you wish to buy, make sure you can hold. I, personally will look for better options.
SGX:U96Long
by NimbusCapital