Trades closed in Nov 2013

eBay
25 Oct: Opened LONG @ $51.20
15 Nov: Closed at $52.45
Profit $1.25, 2.4%

Trades closed in Oct 2013

Starhub
23 May: Opened LONG at $4.40
31 May: Opened LONG at $4.07
17 Oct: Closed at $4.46
Note: XD on 14 Aug, paid divided of $0.05 on 29 Aug.
Profit $0.275, 6.5% 

CapMallsAsia
13 Mar: Opened LONG @ $2.03
24 Oct: Closed @ $2.07
Note: XD on 2 May, paid dividend of $0.01625 on 20 May.
XD on 28 Aug, paid dividend of $0.0175 on 12 Sep.
Profit $0.07375, 3.6%

CapitaComm: Inverted H&S continuation pattern

 

Inverted H&S continuation pattern.

Tested support 50% and 61.8% Fibo levels.

Raffles Medical Group: Inverted H&S continuation pattern

Inverted H&S continuation pattern.

Tested support 3x at 61.8% Fibo level.

eBay: Consolidating

Consolidating for almost a year.
Buy at support, sell at resistance.

Outcome:

25 Oct: Opened LONG @ $51.20
15 Nov: Closed at $52.45
Profit $1.25, 2.4%

MoneyMax: Growth potential; relatively undervalued

Key Financial Summary

Profitability

	FY 2010	FY 2011	FY 2012
Revenue (million)	41.68	62.93	75.57
Net Income	1.16	3.50	5.83
Net profit margin (%)	2.78	5.56	7.71

Increasing Revenue and improving Net profit margin.

Liquidity & Solvency

Current Ratio	1.36
Quick Ratio	1.25
Total Debt/Equity	2.26
Total Debt/Total Assets	0.26
Avg Assets/Avg Equity	3.49
Interest Coverage Ratio	5.95

MoneyMax is solvent and does not face much difficulty in keeping up with interest payments.

Peer Comparison

	MoneyMax	MaxiCash
ROA(%)	0.47	0.11
ROE(%)	1.64	0.31
PE	17.99	44.39
P/BV	2.92	3.22

MoneyMax has better ROA and ROE; and relatively undervalued.

Growth stimuli for MoneyMax and the sector

• Rising population increases customer base
• Rising affluence fuelling demand for jewellery/ timepieces
• Rising cost of living and depressed wages may drive pawnbroking activity, as more individuals obtain short-term loans
• Possible unsecured lending curbs result in higher pawnbroking activity from consumers unable to obtain unsecured credit
• Demand for gold as a safe haven is beneficial to its retail and trading operations

 
 

Trades closed in September 2013

None.

Trades closed in August 2013

None.

Trades closed in July 2013

None.

Trades closed in June 2013

None.

Trades closed in May 2013

SATS
13 Mar: Opened LONG at $2.95
23 May: Closed at $3.33
Profit $0.38, 12.9%

BanyanTree
4 Mar: Opened LONG at $0.67
28 May: Closed at $0.735
Note: XD on 6 May, paid divided of $0.00651 on 23 May.
Profit $0.07151, 10.7%

First REIT: Rebound from 100d SMA

First REIT rebounded from confluence of 100d SMA support and 50.0% Fibonacci retracement level.
Candlestick with long lower shadow shows buying pressure from the intraday low.

Starhub: Rebound from 50d SMA

Rebound from 50d SMA with oversold stochastic oscillator.

Outcome:
 
23 May: Opened LONG at $4.40
31 May: Opened LONG at $4.07
17 Oct: Closed at $4.46
Note: XD on 14 Aug, paid divided of $0.05 on 29 Aug.

Profit $0.275, 6.5%

Far East Orchard: BBsqueeze in weekly time-frame

Weekly chart shows a BBsqueeze, with the 20w SMA sloping upwards.
Price supported by the 20w SMA.
This suggests possible volatility with an upside bias.

Daily chart shows a 4-month consolidation after the uptrend.
A bullish breakout would be consistent with the analysis in the weekly chart.

Yanlord: Uptrend intact

The chart for Yanlord shows that the long-term uptrend is still intact.
The price has broken out from the intermediate downtrend to resume the primary uptrend.
The chart also shows support at the 200d SMA.

Trades closed in April 2013

None.

Trades closed in March 2013

None.

CapMallsAsia: At uptrend support

Outcome:

13 Mar: Opened LONG @ $2.03
24 Oct: Closed @ $2.07
Note: XD on 2 May, paid dividend of $0.01625 on 20 May.
XD on 28 Aug, paid dividend of $0.0175 on 12 Sep.
Profit $0.07375, 3.6%

SATS: Inverted Hammer at confluence of support

 Weekly chart shows uptrend channel supported with 20w SMA.

 Daily chart shows uptrend channel supported with 100d SMA.

Inverted hammer with oversold stochastic oscillator.

Outcome:

13 Mar: Opened LONG at $2.95
23 May: Closed at $3.33
Reason for closing: Price had reached the top of the trend channel.
Profit $0.38, 12.9%

BanyanTree: Rebound off 100d SMA support

 Long-term chart shows that BanyanTree appears to be tracking the 100d SMA.
 

Short-term chart shows a rebound off the 100d SMA support.


Outcome:

4 Mar: Opened LONG at $0.67
28 May: Closed at $0.735
Note: XD on 6 May, paid divided of $0.00651 on 23 May.
Reason for closing: Price reached the top of the trend channel.
Profit $0.07151, 10.7%

Trades closed in February 2013

None.

CapMallsAsia: Testing 50d SMA

CapMallsAsia testing the 50d SMA. Volume trend following price trend.

Outcome:
Did not take action as did not see the final buy signal.

City Developments: Long entry at support of channel

Property counters sank on Monday 14 Jan after the government announced cooling measures.
Weekly chart shows price appears to be supported at confluence of uptrend channel support and 50w SMA.

Daily chart shows a Three Inside Up bullish reversal candlestick pattern.
The pattern is below the 10d EMA, and stochastic oscillator %D is below 20; this passes the candle pattern filtering.
Bullish candlestick pattern was supported by confluence of uptrend channel support and 200d SMA.
Opened a LONG position on City Developments on 17 Jan.

Trades closed in January 2013

Procter n Gamble
10 Sep: Opened LONG at $68.26
29 Jan: Closed at $75.18
Note: Collected after-tax divided of $0.38905 per share in Oct 2012.
Profit $7.30905, 10.7%

Trades closed in December 2012

None.