Friday, May 29, 2009
Cosco
 Cosco broke out upside with high volume today. There is a gap at $1.30 to be filled. Next resistance is $1.39 (23.6% fibonacci retracement and recent high). Not an inducement to trade. Corporate profile : COSCO Corporation (Singapore) Limited ("COSCO Corporation" or the "Group") has one of the largest Ship Repair, Ship Building and Marine Engineering operations in China. A diversified group with activities also in Dry Bulk Shipping, Shipping Agency and other sectors, it is the SGX Mainboard-listed subsidiary of China Ocean Shipping (Group) Company ("COSCO Group"), China's largest shipping group and one of the top shipping conglomerates in the world. COSCO Corporation has achieved significant progress in growing its Ship Repair, Ship Building and Marine Engineering capacity and capabilities. The completion of its acquisition of a 51% stake in one of the largest shipyards in China, COSCO Shipyard Group ("COSCO Shipyard"), on 1 January 2005 had propelled COSCO Corporation into the premier league in the ship repair industry. COSCO Corporation is poised to continue in its dynamic growth momentum for further breakthrough in its core businesses and global coverage. COSCO Corporation is a component stock in the Straits Times Index, which comprised of the 30 largest listed companies in terms of market capitalisation in Singapore. In October 2006, COSCO Corporation was rated as a component stock of Prime Partners China Index - the first index that tracks the performance of China enterprises listed on the SGX. Since January 2008, we have been part of the FTSE ST China Index, and from July 2008, we were also included in the FTSE ST China Top Index, both of which were created to reflect the increasing representation of China-based companies in the Singapore stock market. Among other indexes, we are also a component stock of the Morgan Stanley Capital International World Index as well as the SGX Morgan Stanley Capital International Asia Apex 50 Index Futures which feature some of the most promising, widely-traded and investible Asian companies outside Japan. |
Thursday, May 28, 2009
Hupsteel
 Hupsteel has just broken out upside from consolidation. If Hupsteel can break 20 cents resistance (23.6% fibonacci retracement), it should have chance to move further upside to test on its 23 - 23.5 cts resistance (50% fibonacci retracement). Support will be its 200-day simple moving average (Purple line). Not an inducement to trade. Corporate profile : HupSteel, a public listed company in the Singapore Stock Exchange, has more than 60 years of solid track record as a reliable supplier and stockist of quality industrial hardware for the oil and gas, chemical and petrochemical, energy, infrastructure, marine and other industries. HupSteel has played its part within this vibrant and expanding landscape of global development, as the preferred global total solution provider of steel products and services to our customers both locally and abroad. |
Tuesday, May 26, 2009
Biosensors
 Biosensors is one of the very few stocks that closed positive today. It has developed an uptrend since last year mid October till now. It will announce its results for the fourth quarter and the financial year ended 31 March 2009 on 28 May 2009, after trading hours. Next fibonacci resistance is 66.5 cents. Not an inducement to trade. Corporate profile : Biosensors International Group, Ltd. develops, manufactures and commercializes innovative medical devices used in interventional cardiology and critical care procedures. We are well positioned to emerge as a leader in drug-eluting stents, an evolving therapy that is rapidly gaining market share from traditional cardiovascular therapies. In June 2006, Biosensors was named one of 50 medical technology companies to be watched in Medical Device and Diagnostic Industry magazine's 50 companies to watch, which cited Biosensors' innovative biodegradable-polymer drug-eluting stents as one of the reasons for the Company to be watched. |
News
| Tianjin plans vast expansion of rail network by 2020 The rail system in China's northern port city of Tianjin will expand to 470 kilometers of track by 2020, under a plan approved by the municipal government Monday. Tianjin, about 120 km southeast of Beijing, now has one subway line and one light rail line totaling 70 km. Two more subway lines and an extension of the light rail system are being built and will add 58 km. The city will have 11 metro lines covering 410 km by 2015 and 14 lines totaling 470 km by 2020, under the plan. Tianjin, like other Chinese cities, is expanding its rail system as rising private car ownership causes more traffic jams. (Xinhua News Agency May 26, 2009) |
Monday, May 25, 2009
SeeHS
 SeeHS managed to hold above its support at 21 cents last few days (EOD). Next resistances are 23 - 23.5 cents, 25.5 cents ...... Corporate profile : Established in 1971, See Hup Seng Limited is a leading provider of corrosion prevention services to the marine, oil and gas, construction and infrastructure industries in Singapore. The Group also has a 51%-owned subsidiary, TAT Petroleum Pte Ltd ("TAT Petroleum") which is a strategic value-added distributor that offers comprehensive supply chain management of refined petroleum products in Asia Pacific for diverse sectors such as vehicular, agriculture, coating, pharmaceutical, plastic and electronics industries. Over the years, the Group's corrosion prevention business has successfully moved up the value chain to establish a strong niche in specialised tank coating services, and large-scale plant operations that are supported by two fully-equipped facilities in Singapore. See Hup Seng's status as a resident contractor for premier shipyards in Singapore attests to its strong track record of delivering quality, efficient and reliable corrosion prevention services. As a master distributor of ExxonMobil in the Asia Pacific region, TAT Petroleum offers value-added solutions in supply chain management to its major supplier and customers. Its comprehensive services range from the blending and packaging of refined petroleum products into pails, drums or intermediate bulk containers bearing the ExxonMobil brand, to storage and distribution of these products to designated locations. TAT Petroleum is also one of only three distributors of ExxonMobil in the world that has an approved clean-room facility for packaging medicine white oil. Headquartered in Singapore, TAT Petroleum also has offices in Indonesia, China (Guangzhou) and Hong Kong. See Hup Seng Limited became a public corporation in November 1998. Its shares are listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST). |
Sunday, May 24, 2009
Midas
 Midas has a bullish pennant chart formation. A break above the pennant will poise for further upside. Midas's last high was 71.5 cents (Resistance). Corporate profile : Midas Holdings Limited was incorporated on 17 November 2000 as an investment holding company, with initial strategic investments focusing on two emerging product markets in the People's Republic of China (PRC) large-section aluminium alloy extrusion products and polyethylene pipes, where there is a need for these products in the fast developing and growing PRC transportation, power and infrastructure industries. Our Aluminium Alloy Division has since become one of the leading manufacturers of large-section aluminium alloy extrusion products in the PRC, garnering a significant market share for such products in the transportation and power industries. Our Agency and Procurement Division was set up in November 2005 headquartered in Beijing. Besides its role as a central procurement centre for our business divisions, it also serves to leverage on the existing supplier and customer relationships to expand our product range to both existing and potential customers. In 2006, we invested in a 32.5% equity stake in Nanjing SR Puzhen Rail Transport Co., Ltd which is one of only four rolling stock companies licensed to undertake metro projects in the PRC on a nationwide basis. |
StarCrusUS$
 StarCrusUS$ has a bullish ascending triangle chart pattern. A break above 14.5 cts with huge volume should see further upside. Next resistances are 15.5 cts, 17.5 cts. Corporate profile : Star Cruises, the third largest cruise operator in the world is a global cruise brand with a combined fleet of 16 ships cruising to over 200 destinations in the world, offering close to 30,000 lower berths while NCL is presently building a new third generation Freestyle Cruising project known as F3, for delivery in 2010.The Asian fleet operating under the ‘Star Cruises' brand is the leading cruise line in Asian-Pacific operating 5 vessels which include SuperStar Virgo, SuperStar Libra, SuperStar Aquarius, Star Pisces and MegaStar Aries. |
Hiap Seng
The Group provides engineering services covering engineering, procurement & construction (EPC) projects and plant maintenance services for the oil-and-gas, petrochemical and pharmaceutical industries in Singapore and beyond. The Group operates six well-equipped fabrication yards in Singapore, Malaysia and Thailand with a total land area of almost three million sq ft and a workforce of over 2,500 well-trained and skilled employees. |
Wednesday, May 13, 2009
Federal
 Federal managed to hold its support above its 200-day moving average at 21 cents yesterday. Next resistances are 25 cts, 26.5 cts, 28 cents ...... Not an inducement to trade. |
Friday, May 8, 2009
Midas
 Midas brokeout from giant triangle with huge volume yesterday. Not an inducement to trade. |
Thursday, May 7, 2009
Ellipsiz
 Ellipsiz needs to clear 8.5 cts (23.6% fibonacci retracement) for further upside. Not an inducement to trade. |