Rowsley - Consolidating For The Next Leg Up!

After a huge sell down from Albert Hong's unwinding of his shares, it has been building a strong base between 0.105 to 0.115. The biggest block of share overhang remains between 0.119 to 0.121.
A break above 0.121 will trigger an acceleration to resistance 0.131 and 0.145.

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Will the Hang Seng and Shanghai Market Rally Continues ? It Depends On the Dollar!

Hang Seng Index has been one of the best performing index in Asia Market in 2017. Today, it close at its year high at 27848. Will the rally continues? It all depends on the USD/Rmb trend. The Dollar is trading near the year low against the Rmb , although this blog like most pundits' are expecting a Dollar rebound, would not want to bet on it with Donald Trump's scoring his own "goals" and the White House in chaos. These event has contributed to the dollar steep slide in the recent months. For these  reasons this blog continue to stay bullish on the Asia Markets particularly Hang Seng and Shanghai Index. The charts below illustrates the close co-relationship between the Dollar and the China Markets. Trump's recent hint to veto the spending bill unless the Mexico Wall is funded has added to the Dollars woes. Congress must pass spending bill by 30 Sept. This blog believes that the potential Fed Balance sheet contraction when  enacted will cause a Dollar to rebound  and a steep market correction. Watch the Dollar direction !

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Spackman - Leading the penny stock rebound!

Spackman - Volume has been on the increase since bottoming out in mid august. Technically, it could have bottomed out in the short term with support established at 0.114, it could be heading towards next resistance at 01.29 and 0.14 in the week ahead.
On the fundamental side, the group revenue increased 38% YoY to US 10.5m for 1H Fy2017. Upcoming movie a manhunt thriller "Golden Slumber" could provide the next catalyst for the stock to trade higher.

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Rowsley - Significant Price and Volume spike - Something Brewing?

Rowsley - Huge volume spike today, something brewing? One possible catalyst is the  conclusion of the deal to inject Peter Lim's  Thomson Medical and TMC  into rowsley.  Another possible catalyst could be new development  from  Vantage Bay Medical Hub in Iskandar. Many people may have forgotten that in Nov 2015 , Peter Lim decided to reconceptualise Vantage Bay Integrated Residential/Commercial development  into a healthcare and medical hub worth $1.65 billion . Since the Nov 15 announcement we have not heard any more news of this project. Could Peter Lim have in his sleeve a grand plan organise all these assets into a formidable regional health care giant?

The volume and price spike today is very significant, is there a corporate development on the horizon? On the Chart, the stock could have bottomed out at 0.11, its strong support is now at 0.115. Today it tested its most significant resistance at 0.121 to 0.124, if it is able to hold above this levels it should head to next resistance at 0.135 to 0.141. This blog has turned bullish on this stock.

 

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Advanced Trading Course Batch 3

On Saturday 19 August 2017, we wrapped up the third batch of our Advanced Trading Course in three months. Though many of the students have been to various courses before, they still told me that the strategies and secrets shared in the course have not been taught anywhere else. This is indeed a very unique course. I am glad it has been well received!

Robin engaging a class of experienced traders

Class Photo of Robin Ho's Advanced Trading Course Batch 3, 19 Aug 2017

"Robin shared a lot of useful insights that other traders and courses do not offer. It gave me an edge in trading and provided me with a better insight on how market syndicates work and how to decode their moments so we can trade with the tide and not against the tide. This course is definitely worth attending! It summarizes the essence of many top market secrets, so do attend this course!"

~ Bing Han



"I am a graduate of Robin's MTM Course, and have since turned to full time trading. The most important skill I learned from the course is how to analyse volume distribution and accumulation, which I will apply to my own trading plan. In the class, Robin used many different scenarios to reinforce his teaching, which is very beneficial. The course has helped me to better prepare for my trades, execute my trade plan and follow through with it!"

~ Tony

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Dow - Summer Correction Could Have Just Started!

Although Dow is sitting on its 50 Days MA, the deceleration in Price/Momentum , prices reaching the upper trend channel price target and breaching its 1 year uptrend channel are ominous signs that the summer correction is on its way. Dow has initial support  between 21430 to 21520. If 21430 is breached, it could head south towards 30980 and 20780. This blog is bearish on Dow!

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Best World

I shared the chart below about Best World at SGX Market Depth Seminar yesterday night. On 10 August, when the stock was at 1.495, this blog said that Best World has peaked and we could see a reversal of trend. This blog also said that a break below 1.44 will bring Best World into a bear phase. We have witnessed a massive sell down from 1.50 to 1.02 since 14 August. This stock should see support at 0.88, 0.95 and 0.98. Fortune favours the brave at these levels.

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Comfort Delgro

Taxi revenue continue to be a drag falling to 36m YOY in 2Q17 down 11%. The company expects its bus business to improve while the rest of the business will face challenges. On the charts, the price is poised to break the key support of 2.26. A breach of 2.26 will bring the price down to 2.21 and 2.04 respectively.

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NetEase

NetEase - 2Q results were weak . Revenue at Rmb13.4 B was in line but online gaming revenue was down 12%, ecommerce was a drag on margin , Ebit margin was the lowest ever reported. On the chart the uptrendline has been broken, its 50 days MA has been violated and the RSI has been on a divergence to its uptrend .  In the short term it could be heading to its next support at US  260. If US 260 is breached the next support is at US 240 and US 211 respectively.

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Best World

A great set of results that was largely priced in. A double top formation is in the making. Heading for next support at 1.44. A break below 1.44 will signal the stock has entered a short term bearish phase that could bring it down to 1.31 and 1.21 respectively.

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Robin Ho's Advanced Trading Course - Discover the Secrets of Short Term Trading! Hi there, Mr Robin Ho will be conducting his new 1-Day Advanced Trading Course next Saturday, 19 August 2017! Register Today and Save $100! »  In this new course "The Secret of Short Term Trading", Robin will reveal his unique advanced trading strategies that he has never shared in other courses - from mining for stocks to using advanced tools such as tick charts, price-volume profiles, and market depth! You will learn how to: Customise your own stock screeners Analyse Price Volume Distribution Detect BB Accumulation and Distribution Analyse Market Depth Analyse Share Ownership Structure Trade Rights Issue Trade Share Consolidation Trade at the Most Profitable Hours See what the participants of our previous runs have to say about this new course! We have limited spots left for this upcoming class! Register early to save $100 off the course fee and secure your seat! Register Today and Save $100! »  Your Trainer: Mr Robin Ho Robin Ho is a top tier Trader and Remisier with PhillipCapital, and is one of Phillip’s most active and successful trader. Having been through the peaks and troughs of the volatile markets, Robin is a well-sought after speaker who shares his in-depth trading knowledge with traders and investors at numerous investment seminars. Robin has taught and mentored thousands of professional traders. He has developed his own proprietary trading system that focuses on Price Action, which he believes is the answer to the volatile market today. He believes that many traders fail today because they have been employing long-term and traditional indicators to short-term trading; and to achieve trading mastery, traders must understand market behaviour and develop a trading strategy that fits the trader’s profile. Register Today and Save $100! »

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Course Announcement: How to Detect Red Flags in Financial Statements through Fair Value Accounting

Tired of being taken on a roller coaster ride by volatile stocks like Noble? Sometimes even experienced traders can be tricked by the price action of stocks, especially when we do not understand how to value the assets and liabilities of the company. The secrets hiding in the financial statements are more than meets the eyes, and it takes a pair of skillful eyes to be alerted to them. 

Hence, my friends have organised a course in collaboration with Dr. Kevin Ow Yong, Associate Professor of Accounting at Peking University, to share with you how to use Fair Value Accounting to detect red flags in financial statements, and protect yourself from falling into investment traps.

Extensively drawing on the examples of major accounting controversies, and using Noble Group as the subject of an in-depth analysis, Dr Ow will help you to see financial statements from a fresh perspective. You will be better equipped to apply Fair Value Accounting to gain an edge in your trading!

Sign up link and course outline are below:

How to Detect Red Flags in Financial Statements: Fair Value Accounting Determining the value of an item, asset, stock, and even a company can be a difficult task.  This programme provides an overview on fair value accounting, and how you can detect troubling issues when analysing financial statements.

Fair Value Accounting: Troubling Issues and Fundamental Concerns Conducted by Dr Kevin Ow Yong, Associate Professor of Accounting at Peking University 12 Aug 2017 Saturday • 9:30am - 12:30pm • International Plaza Register Today to Secure Your Early Bird Price! $250 $180 Click Here to Register! » Programme Objective This programme provides an overview on fair value accounting and some of the difficulties relating to the fair value measurement process and its implications to investors.  Throughout this course, we will also discuss some of the major controversies surrounding fair value accounting including notable examples such as Wells Fargo, Deustche Bank and Goldman Sachs. Other topics covered include auditors’ concerns about fair value accounting as well as a better understanding of the controversy surrounding fair value accounting for liabilities. We will end the talk with an in-depth analysis into Noble Group’s financials including a discussion of some of the accounting policy decisions that they have undertaken in recent years. At the end of the talk, seminar participants should have a better appreciation of the finer details of fair value accounting that ordinary investors would not be aware. This will strengthen their accounting knowledge and better equip them to deal with fair value accounting rules in their share trading decisions and fundamental analysis of firms’ financials. » Programme Scope Understand why fair value accounting is such an important topic Analyze real world examples surrounding some of the major fair value accounting controversies and how do firms deal with it Examine fundamental measurement difficulties regarding Level 2 and Level 3 assets and its implications to investors Discuss pertinent issues about fair value accounting for liabilities and its effects on the financial statements In-depth case study approach using Noble Group as our example » Who Should Attend Investors Traders Analysts Remisiers Brokers Accountants Students » Your Trainer: Prof Kevin Ow Yong      PhD, BAcc (First Class Hons), CFA, CPA, CA Dr. Kevin Ow Yong is Associate Professor of Accounting at Peking University. He holds a First Class Honours Degree (with University Medal) in Accounting from Nanyang Technological University and received his PhD degree from Duke University. He has also worked at Singapore Management University as an assistant professor and Singapore Airlines as a regional accountant and financial analyst. Dr Ow Yong has been a Chartered Accountant (CA) and Certified Public Accountant (CPA) since 2003 as well as a Chartered Financial Analyst (CFA) since 2002. He is also affiliated with the American Accounting Association (AAA), the European Accounting Association (EAA), the Accounting & Finance Association of Australia and New Zealand (AFAANZ), the Chinese Accounting Professors’ Association of North America (CAPANA) and the International Association for Accounting Education & Research (IAAER). His work has been published in several well known accounting research journals including the Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting and Public Policy, European Accounting Review, Advances in Accounting and China Journal of Accounting Research. He has been invited to speak at several top ranking China’s universities including Tsinghua University, Sun Yat-Sen University and Xiamen University. He was also invited as a guest lecturer to teach at Kozminski University, the top private university in Poland (ranked 45th by the Financial Times) and Kyushu University, widely regarded as one of the top ten best universities in Japan. In recognition of his research work, he has been cited in two of Singapore’s most well-circulated newspapers, the Straits Times and the Business Times on several occasions, and in CPA Singapore (Institute of Singapore Chartered Accountants publication), Accounting and Business (ACCA publication), Pulses (previously, the Singapore Stock Exchange Journal), Asian Scientist, Smart Investor, QFinance and CFO Asia, a publication of The Economist Group. He also won the Second Best Paper Award at the Chicago Quantitative Alliance Academic Competition, the Best Paper Award from the China Journal of Accounting Research Symposium and the Best Paper Award from the Third International Conference on Accounting and Finance (ICOAF 2017). He has received several research grants for his research work, including an external grant from the KPMG Foundation in 2011 and the prestigious MoE Tier II educational grant in 2015 for his research work on fair value accounting. Dr Ow Yong is currently on the advisory board with Brahm Centre, a non-profit charity organization as their Finance Advisor. He is also a member of the UAFRS Advisory Council with Valens Research. He has previously served on the Candidate Programmes Committee with the CFA Society (Singapore). Register Today to Secure Your Early Bird Price! $250 $180 Click Here to Register!

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MM2 - Great Run Up Could Have Ended

Great run up could have ended. After MM2 placed out $15m of shares to Starhub, the stock price has since been weak. Yesterday's news of MM2's upgrade to mainboard and Unusual's good result did not attract any interest in the stock. Watch the 0.505 critical support level. When it breaks, the next support levels are 0.405 and 0.365.

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Genting - Results Beat Expectations, Could Retrace Before Rebounding

Results of Genting Singapore beat expectations! Second quarter 2017 EBITA up 152% year on year to $293m. DBS upgraded the stock with a new target price of $1.45, which represents a 23% upside.

In spite of the bullish call, this blog is short term bearish on this stock, seeing how insiders were buying ahead of the results. It could retrace to $1.14 in the short term before rebounding. Any break below $1.13 will be long term bearish.

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Rowsley

Albert Hong dumped Rowsley shares relentlessly on the open market dragging down the overall market sentiments. Fortune favors the brave. 0.107 is a long term support and offers a good support. We should expect a decent rebound soon.

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Rowsley

Rowsley - Albert Hong dumped his shares on the market dampened the bulls who celebrated their "Victory" when Peter Lim sells his stake of Thomson Medical to Rowsley. Albert Hong who owns nearly  600m shares sold 52m on 25 jul and could have sold more today contributing to the steep drop in share price. The catalysts to stay positive in this stock is still in place until the sales of Thomson Medical and TMC is concluded in about 2 months time. The question of when the stock will start its climb again will depend on when Albert Hong stops selling. The piggy bag bonus strike price at 0.12  and the bonus warrant strike price at 0.09 provides the first  and second floor to the share price. This blog will monitor closely to Albert Hong's stock balance for clue of Rowsley share price rebound!

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Jadason

Jadason - Traders unwinding their contra positions today. Unwinding should be over in the next 1-2 more days. 0.094-0.097 levels offers a great support for  a good rebound to 0.107

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AAC Technologies (2018.HK)

The chart is showing this stock could have peaked. Key risk are, 40-50% of revenue is derived from apple. Any product failure will affect its chance for future contracts. If Apple misses it earnings estimates due on 1 August this stock might be sold down. Near term target HK 98. HK 94 and eventually HK 85.

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Wilmar

Bottoming process could be ending. Time to rebound. This stock has been underperforming the STI index for the whole of this year. 2 catalyst could drive the stock higher. Improving CPO and sugar prices and spinning off China asset into an IPO on China Stock Exchange in late 2018 or early 2019 which the company has indicated in May 17. The listing will be a key value unlocking move. Technically, it has been finding a support at 3.28 and is poised to rebound to 3.50 and 3.70 respectively.

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Rowsley Goes One Round Cycle After Five Years!

In Dec 2012 Rowsley announced it will issued shares that come with bonus warrant to fund the acquisition of  RSP architect. Rowsley shares surged from 7c to 75c with a year. After 5 years, the Remisier King is doing it again by issuing billions of shares to fund the purchase of Thonsom Medical and TMC!

This blog was  at in the tick of the action back then and saw how  the stock shot up  the way he did in Dec 2012 on the first 2 days after the announcement and rest before resuming its uptrend. Will Peter Lim do it again? Don't underestimate the remisier king when it comes to 'Financial Engineering'. Rowsley is already worth 4 Billion based on today's price even before the deal is concluded price.

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