Stock picks for 2010

COMPANY	SHARE PRICE ($)	CHANGE YTD (%)	MARKET CAP ($ BIL)	FORWARD PER (TIMES)	YIELD (%)	WHO'S RECOMMENDING IT
ALLGREEN PROPERTIES	1.23	186	1.96	14.8	1.63	CREDIT SUISSE
A-REIT	2.08	54.6	3.89	16.5	2.96	CITIGROUP
CAPITALAND	4.16	62.3	17.67	28.9	1.32	CREDIT SUISSE
COMFORTDELGRO	1.61	11	3.36	15	3.12	CREDIT SUISSE
DBS GROUP HOLDINGS	14.98	77.9	34.19	16.6	3.74	CREDIT SUISSE & CITIGROUP
EZRA HOLDINGS	2.16	217.6	1.43	12.6	0.69	OCBC
GENTING SINGAPORE	1.18	174	13.79	-	-	OCBC
HYFLUX	3.59	100.6	1.89	26	0.96	OCBC
KEPPEL CORP	8.22	89.8	13.1	10.2	4.38	OCBC & CREDIT SUSSIE
MIDAS HOLDING	0.87	79.4	0.84	22	1.15	OCBC
MOBILEONE	1.88	27	1.68	11	7.13	OCBC & CREDIT SUSSIE
NEPTUNE ORIENT LINES	1.58	56	4.07	-	-	CREDIT SUISSE & CITIGROUP
NOBLE GROUP	3.14	207.8	12.07	16	2.06	OCBC
OLAM INTERNATIONAL	2.58	124.3	5.18	22.8	1.36	OCBC
PARKWAY HOLDINGS	2.8	125.8	3.16	27.7	-	CITIGROUP
SEMBCORP MARINE	3.62	115.5	7.5	14	3.04	OCBC
SINGAPORE AIRLINES	14.32	45.4	17	-	-	CREDIT SUISSE
SINGAPORE EXCHANGE	7.99	57.3	8.46	21.4	3.29	CITIGROUP
SINGAPORE PERSS HOLDINGS	3.61	18.9	5.75	13	4.43	CREDIT SUISSE
SINGAPORE TELECOMMUNICATIONS	3.05	19.6	48.59	12.8	4.3	OCBC
SMRT CORP	1.87	13.3	2.84	16	4.14	OCBC
STARHUB	2.11	8.8	3.62	11	8.77	OCBC
ST ENGINEERING						CITIGROUP
UNITED OVERSEAS BANK	19.44	50.5	29.63	16.2	3.09	CREDIT SUISSE & CITIGROUP
UOL GROUP	3.99	79.7	3.13	9	1.88	OCBC
WILMAR INTERNATIONAL	6.43	130.5	41.09	17.8	1.17	OCBC
WING TAI HOLDINGS	1.85	124.2	1.47	10	1.62	CREDIT SUISSE

(Source: TheEdgeSingapore, December 28 2009)

False start for upstream oil and gas

FEDERAL INTERNATIONAL (20.5 cents) - Deceptively buoyant
- Prices are unlikely to rush upwards immediately
- Resistance likely to appear at current levels
- Pullback to 19 cents cannot be ruled out

ROTARY ENGINEERING ($1.05) - Stuck in a range
- Short term indicators have turned up after positive divergences
- Resistance at $1.10

KS ENERGY SERVICES ($1.20) - Challenging resistance
- Support is at $1.14
- Break above $1.18 indicates a target of $1.35

SEROJA (72 cents) - Testing top of the range
- Support for any retreat appears at 68 cents
- Resistance at 75 cents
- A breakout indicates a target of 95 cents

TIONG WOON (66 cents) - Impending dead cross
- Resistance is at 70 cents
- Support has been established at 53 cents

PEC (69 cents) - Breaks out of ascending triangle
- Resistance is at 70 cents
- Downside shoule be limited with 67 cents as support level

(Source: TheEdgeSingapore December 14 2009)

Office-property plays shine

SINGAPORE LAND ($6.45) – Uptrend intact

- Quarterly momentum has turned up

- If prices can hold above $6.40, that would provide them with a measured move to $7.30

UNITED OVERSEAS LAND ($3.90) – New 2009 high likely

- Prices broke out of resistance of $3.70

- Breakout indicates a target of $4.40

- A break below $3.70 negates the positive outlook

K-REIT ASIA ($1.04) – Poised for upmove

- Resistance at $1.10

- A successful breakout indicates at target of $1.22

UNITED INDUSTRIAL CORP ($2.07) –Christmas at UIC

- Price broke out of a seven month sideway range of $2

- Break indicates a target of $2.40

KEPPEL LAND ($3.28) – Set to move higher

- Prices have broken out of a large ascending triangle at $2.90

- Break indicates a target of $3.80

- Support at $3

CAPITACOMMERCIAL TURST ($1.16) – Breaks out of ascending triangle

- Prices appear poised to break out of resistance level between $1.13 to $1.15

- Break indicates a target of $1.28 and $1.34 respectively

(Source: TheEdgeSingapore December 7 2009)

REITs steady as penny stocks falter

ASCENDAS REI ($1.89) – Uptrend intact
- Price resistance is at the $1.95
- Break above $1.95 would indicate a target of $2.15

CAPITACOMMERCIAL TRUST ($1.13) – Challenging resistance
- Resistance appearing at $1.15 level
- A break would indicate a target of $1.28

CAPITAMALL TRUST ($1.73) – Temporary pullback
- Prices reached a high of $1.84 in September
- Break above $1.75 would indicate a target of $2.18

FRASERS CENTREPOINT TRUST ($1.23) – Sideways phase
- Resistance is at $1.29
- Prices are likely to move sideways

STARHILL GLOBAL REIT (52.5 cents ) – Downturn
- Prices have turned down breaking support at 60 cents
- Decline to support at 40 cents looks likely

SUNTEC REIT ($1.30) – Start of sideways trend
- Support likely to appear at $1.23
- Resistance is at $1.34

(Source: TheEdgeSingapore 30 November 2009)

Flight to quality

UNITED OVERSEAS BANK ($19.48) - Flag-like pattern

- Chart pattern resembles a bull flag

- Objective of a breakout is at $22

- Support is at $19 and flag fails if prices fall below $18.90

OCBC BANK ($8.48) - Forming bull flag

- An upside break above $8.50 indicate a target of $9

SEMBCORP MARINE ($3.50) - Uptrend intact

- Current pullback should find support at $3.40

- Break below $3.40 would be very negative

DBS GROUP ($14.68) - Challenging resistance

- Prices broke out of four month consolidation range

- Breakout indicates target of $15.50

SEMBCORP INDUSTRIES ($3.68) - Poised for breakout

- Break above $3.50 indicates a target of $3.90

- A break below $3.49 negates this bullish outlook

CAPITALAND ($4.09) - Upside target remains valid

- Break above $4 indicates a target of $4.70

- Support has been established at $4

- Break below this level negates this bullish outlook

(Source: TheEdge Singapore, Nov 23 2009)

The Kangaroo Route

GLOBAL INVESTMENTS (23.5 cents) - Looks like strengthening
- Technically the counter is attempting to strengthen
- Support is at 21 cents
- Break above 23.5 cents indicate a target of 36 cents

MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND (40.5 cents) - Challenging resistance
- 50 day and 100 day moving average have just made a positive crossover
- Support is being established at 39 cents
- Resistance is at 42 cents
- Break above 42 cents would indicate a target of 52 cents

MACARTHURCOOK PROPERTY SECURITIES FUND (14 cents) - At support
- Prices are sitting on the 200 day moving average
- Trading range is narrow with resistance at 15.5 cents

MACARTHURCOOK INDUSTRIAL REIT (35.5 cents) - Testing support
- Prices have found support above the rising 200 day moving average at 33 cents
- Resistance at 41 cents
- ADX suggests a period of range trading between 33 and 41 cents

FRASERS COMMERCIAL TRUST (14 cents) - Breaks below moving averages
- Prices have broken below support at 15 cents
- Break indicates a target of 10 cents

CAMBRIDGE INDUSTRIAL TRUST (43.5 cents) - May break below top
- Prices appear to break below 45 cents
- Breakdown level is at 42 cents
- Prices may move sideways within 42 to 45 cents before deciding on the next major trend

S-Chips break support

SINOTEL (57.5 cents) - Breaking support
- A break below 59 cents would cause a break below the neckline of a top-like formation
- Break below 59 cents would indicate a target of 46 cents

SINOMEM TECHNOLOGY (54 cents) - Breaks top formation
- Price broke a top like formation at 59 cents
- Break indicate a target of 46 cents

MIDAS (82 cents) - Poised to break 100 day moving average
- Prices appear poised to break the 100 day moving average of 82 cents
- Break below 80 cent indicate a target of 70 cents
- Move above 85 cents would reverse the breakdown scenario

EPURE INTERNATIONAL (58 cents) - Testing 100 day moving average
- Price has broken the 50 day moving average of 60 cents
- Neckline is at 54 cents
- Break below 54 cents indicate a target of 43 cents

CHINA AVIATION OIL ($1.10) - Breaks down from the top
- Price is testing support at $1.07 to $1.09
- Breakdown would indicate a target of 85 cents

YANLORD ($2.29) - Dead cross
- Prices have just fallen below the 50 and 100 day moving average at $2.40
- The next support is at $2.20
- Break below would indicate a target of $1.54

Blue-chips sing the blues

DBS GROUP ($13) - Breaks out of resistance

- A break below $10.67 would be negative and indicate a target of around $7

- Resistance is at $14

UOB ($17.40) - Technically the strongest bank

- Support at $16.50

- Prices appear unlikely to break out on the upside

KEPPEL CORP ($8.15) - Stuck in sideways range

- A break below $8 would indicate a downside objective

- A break out of $8.24 would be good for the stock

SINGAPORE AIRLINES ($14.08) - Rebounds off uptrend

- A break below $13.70 would cause a break below the uptrend line

- Resistance at $14.50

OCBC BANK ($7.63) - Trading below 50 day moving average

- Support is at $7.50 level

- A break below support level would indicate a downside objective and complete a top formation

- A break above $7.73 would negate this gloomy picture

JARDINE C&C ($25.18) - Seen its best

- Support is at $24.18

- Resistance is at $26.50

- Probability of a breakout is low

Going offshore

OLAM INTERNATIONAL ($2.73) - Breaks out of resistance

- Break above $2.62 indicates a target of $3

- Stoploss level should be at $2.62

NOBLE GROUP ($2.66) - Uptrend continues

- On clear uptrend

- The 2008 closing high was at $2.81, this will pose some resistance

- Support is at $2.50

EZION HOLDINGS (81.5 cents) - Challenging resistance

- Immediate resistance is near current levels

- Analysts have targets of around $1

FALCON ENERGY (88 cents) - Rebounds off moving average

- Support at 83 cents

- Resistance at 90 cents

- Break above 90 cents would indicate a target of $1.05

EZRA HOLDINGS ($1.97) - At resistance

- Prices are at resistance

- Any retreat will likely meet with resistance at $1.80

C2O HOLDINGS (47.5 cents) - Needs to rebound fast

- Prices are barely holding on the 50 day moving average at 47 cents

- Resistance at 50 cents

- A break below 47 cents would lead to a measured move on the downside

Trade cautiously

UNITED ENVIROTECH (38.5 cents) - Finding support

- It has retraced a significant amount of its upmove

- Current 50 day moving average at 26 cents

- Resistance at 45 cents

EPURE INTERNATIONAL (59 cents) - Regains 50 day moving average

- Resistance is the twice tested 64 cent level

- It is unlikely to be sufficient to sustain a breakout at this stage

SINOTEL TECHNOLOGIES (60 cents) - Some weakness sets in

- Trend remains intact

- Resistance at 69 cents

- Support at 55 cents

CHINA TAISAN (23.5 cents) - Rebound in force

- Prices could attempt to challenge the 22 cent level again

- A successful breakout would indicate a target of 27 cents

MIDAS HOLDINGS (86.5 cents) - Rebound underway

- Resistance at 92 cents

- At present, the probability of breaking resistance appears low

YING LI (78 cents) - Journey to the west

- Support appears at 68 cents

- Volume has picked up, but it is unlikely that prices can break above resistance at 90 cents in the next few weeks

Property stocks look precarious

ALLGREEN PROPERTIES ($1.09) - Breaks support
- Break below $1.12
- The downside could be near the 90-cent mark

KEPPEL LAND ($2.66) - Breaks support
- Prices are poised to break support at $2.70
- The downside is at $2

WING TAI HOLDINGS ($1.64) - Breaks support
- Prices have broken below the 50 day moving average at $1.73
- Prices could easily fall to $1.50
- A subsequent decline to $1.30 may also materialise but at a slower pace

CITY DEVELOPMENTS ($9.90) - If this breaks
- The breakdown level is at $10
- A break indicates a target of $8.90 initially, and $8.10 eventually

UNITED OVERSEAS LAND ($3.31) -Impending dead cross
- Prices are hanging on to support by a hair's breadth and can easily breakdown
- That in turn would indicate an objective of $2.95
-
SC GLOBAL ($1.53) - Betting on low-end housing
- The 50 day moving average is about to be broken
- Prices may ease to the $1.40 level

(Source: TheEdgeSingapore October 5, 2009)

Corporate activity in pennies

BENG KUANG MARINE (38 cents) - Uptrend continues

- Prices break above resistance at 35 cents

- Support is at 35 cents

- Breakout indicates a target of 50 cents

TRANSVIEW (22 cents) - Technical breakout

- Prices broke out of resistance at 15 cent level

- Initial resistance is at 31 cents

TIONG WOON HOLDINGS (95 cents) - Extremely overextended

- Prices are extremely extended

- Volume has eased with latest upmove, clearly a sign that fatigue could set in sooner rather than later

GUOCOLEISURE (77.5 cents) - Privatisation again?

- Quarterly momentum is high and short term indicators are at the top end of the range

PENGUIN (18 cents) - Breaks out of range

- Break indicates a target of 25 cents

- Support is at the breakout level of 14 cents

MEMSTAR TECHNOLOGY (12 cents) - Breaks out

- Prices managed to break out of resistance at 8 cents

- Medium and long term indicators recently turned up, suggesting that the uptrend has some way to go

(Source: TheEdge Singapore, September 28 2009)

Placement plays

SINOTEL TECHNOLOGIES (68.5 cents) - Uptrend intact

- Quaterly momentum remains intact

- If support at 65 cents holds, and prices move above 69 cents, a measuring objective of 84 cents is indicated

FALCON ENERGY GROUP (86.5 cents) - Attempting breakout

- Prices have run into resistance at 87 cents

- Support has been established at 81 cents

- A successful breakout indicates a target of around $1

SINOMEM TECHNOLOGY (63.5 cents) - Forming staircase

- Prices need to break out of 66 cents

- A successful break would indicate a target of around 80 cents

- Support has been established at 60 cents

C2O HOLDINGS (52.5 cents) - Technically promising

- Resistance is at 57 cents

- The trend remains up and an eventual breakout would indicate a target of 69 cents

COSMOSTEEL (58 cents) - Attracting punter interest

- Technically, quarterly momentum has turned up

- Target remains at 67 cents

TRI-M TECHNOLOGIES (77 cents) - Support at 200-day moving average

- Support is at the rising 200 day moving average at 70 cents

- Resistance has been established at 90 cents

(Source: TheEdge Singapore September 21, 2009)

Makeover for micro-caps

COSMOSTEEL (51.5 cents) - Attracting punter interest
- To maintain momentum, prices would need to clear the 52 cent mark
- Break indicates a target of 67 cents
- A break below 48 cents negates this view

FRENCKEN GROUP (26 cents) - Technically promising
- Next resistance appears at 34 cents
- Immediate support is at 25 cents

FRIVEN & CO (5.5 cents) - Approaching resistance
- Despite the improving technicals, this counter is rated as high risk

INTERRA RESOURCES (23.5 cents) - Top of consolidation range
- Prices may attempt a breakout of a four-times-tested resistance at 24 cents
- A break above 24 cents indicates at target of 32 cents
- Support is at 23 cents

SILVERLAKE AXIS (30 cents) - Overextended
- Support is at 27 cents
- An eventual break above 34 cents provides a sharp measured-move objective of 42 cents

YOMA (10 cents) - Challenging resistance
- A break above 10.5 cents indicates at target of 16 cents
- Support is at 9 cents

(Source: TheEdge Singapore September 14, 2009)

Shipyards show signs of strength

ASL MARINE ($1.05) - Breaks out

- Prices break above $1 resistance mark last month

- The move indicates a measuring objective of $1.26

YANGZIJIANG ($1.01) - Possible fatigue

- ADX is falling, suggesting that no clear trend is in force

- Prices need to break above $1.03 to reconfirm the uptrend

JES (21.1 cents) - At breakout point

- Prices are trying to clear a strong resistance level at 21 cents

- If prices clear 21 cent decisively, that would indicate a target of 32 cents

BAKER TECH (36 cents) - Clear uptrend develops

- Breakout above 30 cents indicates an initial target of 42 cents

- 44 cents is the twice tested resistance set in 2007

JAYA HOLDINGS (46 cents) - At support

- Breakout level is at 50 cents

BENG KUANG MARINE (24 cents) - Challenging resistance

- A break above 26 cents indicates a target of 34 cents

Neglected S-chips perk up

CHINA HONGXING SPORTS (23.5 cents) - Poised for breakout
- This counter looks like it is on the long road to recovery
- Break above 21 cents indicates a target of 44 cents
- A break below 21 cents negates the postive outlook

SYNEAR FOOD (33 cents) - Target 45 cents
- Break above 30 cents level indicates an initial target of 45 cents

CHINA ZAINO (28 cents) - Poised for breakout
- Prices are attempting to break above the thrice tested 29 cent level
- Break above 29 cent indicate a target of 40 cents

CHINA NEW TOWN (12.5 cents) - Testing resistance
- Consolidation is taking the form of an ascending triangle
- A successful breakout indicates a target of 21 cents

CHINA SKY (25 cents) - Set for higher levels
- Prices broke out of a multi-month base formation at 19 cents
- An initial target of 30 cents is indicated from the move

CHINA HAIDA (12 cents) - Emerging from downtrend
- Prices are emerging from a long downtrend
- A break above 15 cents provides the impetus for prices to test 21 cents

(Source: TheEdge Singapore August 31, 2009)

Buoyancy in selected offshore plays

ASL MARINE (99 cents) - Remains corrective

- Price could ease towards 94 cents

- Resistance breakout stays at $1

BAKER TECHNOLOGY (32 cents) - Possible rebound

- Price broke out of resistance at 31 cents

- Indicates a target of 44 cents

MERMAID MARITIME (87 cents) - Target $1

- Price broke out of resistance at 84 cents

- The next resistance is at $1

- Support is at 84 cents

FALCON ENERGY GROUP (77.5 cents) - Temporary correction

- Support at 72 cents

- Main uptrend remains intact

- Correction will likely continue this week with resumption of uptrend only in September

MARCO POLO MARINE (39 cents) - Continued consolidation likely

- Support is at 37 cents

- Resistance is at 44 cents

JAYA HOLDINGS (45.5 cents) - Prices attempt rebound

- Prices could hold at 41 cents

- Resistance/breakout is at 56 cents

(Source: TheEdge Singapore August 24, 2009)

Buoyed by investors

C20 HOLDINGS (42.5 cents) - Offshore aspirant
- Prices emerged from a bull flag, setting a measuring objective of 45 cents
- Support is at 32 cents

EZRA HOLDINGS ($1.54) - Uptrend intact
- Resistance breakout is at $1.64
- Support is near current levels, at $1.54 or so

SWISSCO INTERNATIONAL (65 cents) - Poised for breakout
- Prices are testing resistance near the 68 cent level
- Break above 68 cents indicates a target of 86 cents

EZION HOLDINGS (79.5 cents) - Uptrend intact
- Support is at 72 cents
- Break above 69 cents indicates a target of 83 cents

PENGUIN BOAT (14 cents) - Breaks out of resistance
- Breakout of 13 cents resistance
- Breakout indicates a target of 18 cents

SWIBER (97 cents) - Testing resistance
- Break above $1 indicates a measuring objective of $1.28
- Support has been established at 99.5 cents

(Source: TheEdge Singapore August 17, 2009)

Ailing S-chips or laggards?

YANGZIJIANG (97.5 cents) - Overstretched
- Prices broke out of resistance at 90 cents last week on large volume
- Indicating target of $1.20
- Price break down level is at 90 cents

EPURE INTERNATIONAL (59.5 cents) - Meeting resistance
- The best support line is the 50 day moving average currently at 51 cents
- Prices have been unable to break above their all-time closing high of 61 cents

CHINA XLX (47 cents) - Now or never
- Prices have faded following a technical break above 45 cents former resistance level
- The break indicates a target of around 65 cents

MIDAS HOLDING (82.5 cents) - Uptrend intact
- Major resistance appears at the 98 cents to $1 area
- Support would be at 80 cents

CHINA HONGXING SPORTS (19.5 cents) - Testing resistance
- Resistance is at the several times tested 22 cent level
- A break indicates a target of 50 cents

UNITED ENVIROTECH (15 cents) - Breaks out of base
- Prices recently broke above the several times tested 14 cent mark
- Break indicates a target of 22 to 23 cents
- A move below 13.5 cents level negates the whole upmove scenario

(Source: TheEdge Singapore August 10, 2009)

Small-cap property stocks set for breaks

BUKIT SEMBAWNG ESTATES ($3.86) - Breakout, target $5.40

- Last week, prices broke out of a massive reverse head-and-shoulders formation

- The break indicates a target of $5.40

BONVESTS (90.5 cents) - Poised for a breakout

- A break above 90 cents indicates a target of $1.10

- Support is at 85 cents, below which the target is no longer valid

GUOCOLAND ($2.11) - Set for break, target $2.50

- Break points to a target of $2.50

- Prices were as high as $6 back in the go-go days

HONG FOK (55.5 cents) - Now or never

- This counter has attracted attention from punters

- Break above 55 cents indicates a target of 70 cents.

HOTEL PROPERTIES ($1.85) - Poised for a breakout

- A break above $1.90 indicates a target of $2.40

LOW KENG HUAT (29 cents) - Breakout could be brewing

- A break above 30 cents would indicate a target of 36 cents

(Source: TheEdge Singapore, August 3 2009)

Possible breakouts

UNITED OVERSEAS BANK ($16.24) - Breakout, new target

- Prices have broken out of the three-times-tested resistance at $15.62

- Break above $15.62 indicates a target of $17.06

- If prices fall back to below $15.60, then the breakout would have failed

DBS GROUP HOLDINGS ($12.60) - Poised for a breakout

- This counter hasn't quite broken out of resistance of $12.60

- A successful break indicates a target of $13.96

VENTURE CORP ($8.28) - Bull flag, new target

- New target from the bull flag is $9

- Support is at $8.20

AZTECH (25.5 cents) - Breaks out of resistance

- Prices jumped out of a consolidation pattern at 21 cents

- Break indicates a target of 30 cents

CAPITAMALL TRUST ($1.58) - Breakout, new target

- Prices have broken out of a multi-month base formation at $1.46

- Break indicates at target of $1.93

- A break below $1.46 would be negative

SINOMEM TECHNOLOGY (26 cents) - Breaks out, new target

- Prices broke out of the twice tested 24 cents resistance level

- Break above 14 cents indicates a target of 34 cents

(Source: TheEdge Singapore July 27, 2009)

Commodity plays recover

OLAM INTERNATIONAL ($2.34) - Rebound underway

- Important to watch $2.12 mark. Acts as established support

- Resistance is at $2.40

WILMAR INTERNATIONAL ($5.53) - Approaching all-time high

- Strongest stock in the commodities sector

- Support is at $5

FIRST RESOURCES (68 cents) - Breakout level at 70 cents

- Resistance at 70 cents

- A successful breakout indicates a target of 81 cents

INDOFOOD AGRI RESOURCES ($1.22) - Challenging resistance

- Prices attempted a rally, but the move is likely to be stopped by its 50 day moving average at $1.25

- An eventual break would provide the impetus for a test of $1.40

GOLDEN AGRI-RESOURCES (35 cents) - Breaching resistance

- Prices are breaking above immediate resistance at 33.5 cents

- If prices can sustain the break above the 100 day moving average, a stronger rally could follow with prices testing 42 cents

STRAITS ASIA RESOURCES ($1.76) - Attempting recovery

- To maintain its uptrend, prices need to move above $1.81 as soon as possible

- Volume has risen on the up-tic but a significant increase is required for a breakout

(Source: TheEdgeSingapore July 20, 2009)

Property plays break support

CITY DEVELOPMENTS ($8.20) - Breaks support
- Price broke $8.38
- Sign of weakness and the break indicates a target of $7
- Support at $7

CAPITALAND ($3.39) - Breaks support
- Price broke support level of $3.50
- Support at $3

KEPPEL LAND ($2.10) - Set to fall further
- Price appear poised to break below support at current levels
- Break would indicate a move towards $1.50

ALLGREEN PROPERTIES (92.5 cents) - Moving average breached
- Prices appear poised to break below current levels at 95 cents
- A break would point to a downside of 70 cents

WING TAI HOLDINGS ($1.27) - Set for a tumble
- Like the leaders, this counter is also set to fall towards $1
- Unlikely to regain $1.30 mark in the short term

UNITED OVERSEAS LAND ($3.30) - Superior relative strength
- Appears to be the strongest stock in a weak sector
- Support at $3.25
- Prices could dip below the $3 level during the correction
- Resistance has been established at $3.50

(Source : TheEdge Singapore July 13, 2009)

Offshore plays at support

EZION HOLDINGS (61 cents) - Rebounding off support
- Prices rebounded after testing support at 53 cents
- Resistance at 67 cents

SWIBER HOLDINGS (84.5 cents) - Drifting lower
- Prices have drifted sideways for six weeks, and are now at the 50 day moving average at 83 cents
- Resistance appears at 97 cents

COSCO CORP ($1.24) - At support
- Resistance/breakout is at $1.30
- A successful break indicates a target of $1.47 initially, and $1.80 eventually

EZRA HOLDINGS ($1.18) - Support at hand
- Quarterly momentum is weak
- Support at the $1.15 to $1.18 range
- Resistance is at $1.29

FALCON ENERGY GROUP (64.5 cents) - Forming triangle
- Support has been established at 56 cents
- Breakout is at 67 cents
- A successful break indicates a target of 82 cents

ASL MARINE (82.5 cents) - Still corrective
- Quarterly momentum is somewhat weak
- Support is at 80 cents
- Strong resistance is at the 97 cents to 98 cents range.

Local property revives

CITY DEVELOPMENTS ($8.93) - Consolidation phase
- Support has been established at $8.30
- Resistance/breakout at $9
- A break above $9 completes the consolidation pattern and would support a move to $9.60

HOTEL PROPERTIES ($1.77) - Poised to break out of resistance
- Support has been established at $1.56
- Resistance for the current rebound appears at $1.98

WINGTAI HOLDINGS ($1.42) - Correction could end
- Support has been established at $1.15
- Immediate resistance for the rebound is at $1.55
- A successful breakout indicates a target of $1.95

ALLGGREEN PROPERTIES (99 cents) - Close to a breakout
- Resistance is at $1
- A break of $1 would indicate a target of $1.26
- Support at 92 cents

UNITED OVERSEAS LAND ($3.30) - Corrective phase
- Resistance at $3.54
- Support at $3.26

WHEELOCK PROPERTIES ($1.69) - Temporary correction
- Support at $1.57
- Resistance at $1.78
- In the absence of expanding volume, resistance at $1.78 will keep a lid on any bounce
- If volume expands, prices could break out of $1.78, setting a target of $2.13

(Source: TheEdge Singapore Jun 29,2009)

Comeback for the greenback?

The battered US dollar, which has depreciated significantly against all major currencies over the past three months, could see a rebound in 2H as risk aversion returns, say currency strategists.

Major currencies against USD since March 2

Currency	Gain(%)
South African rand	28.78
New Zealand dollar	27.97
Australian dollar	25.36
South Korean won	24.46
Brazilian real	21.4
Swedish krona	17.13
British pound	15.6
Mexican peso	14.44
Canadian dollar	13.28
Norweigian krone	12.91
Danish krone	10.9
Euro	10.81
Swiss franc	8.8
Singapore dollar	6.91
Taiwanese dollar	6.88
Japanese yen	1.63

1. Recommended short term-currency trades

ASHRAF LAIDI, CMC Markets

- Long USD against major currencies

- Long SGD against USD over a six month period

DANIEL TENENGAUZER, MERRILL LYNCH

- Long USD against EUR, KRW, INR, BRL and AUD

JEFFREY HALLEY, SAXO CAPITAL MARKETS

- Long USD against EUR and SGD

- Long SGD against AUD and NZD

PATRICK BENNETT, SOCIETE GENERALE

- Long USD against KRW, PHP, RM, EUR and SGD

- Long KRW and TWD against SGD

2. Long term bets

- Long BRL, INR, KRW, Polish zloty and ZAR against USD, EUR and JPY

(Source: TheEdge Singapore, June 22 - June 28, 2009)

15 Jun 2009

This week’s technical picks are on China Property Play.

Metro Holdings (59 cents) – a steady climb
-Resistance level of 60 cents
-Quarterly momentum is at its highest level since the downturn in 2007 and looks overbought
-Trading at a significant discount to book NAV of $1.48

Yanlord ($2.28) – Uptrend intact despite consolidation
-Resistance at $2.48
-Support at $2.16
-Break of $2.48 resistance on expanding volume points to target of $2.74

Pan Hong (40 cents) – Poised to break out of resistance
-Break above 37 cents indicates a target of 50 cents.

Guocoland ($1.72) – Temporary correction
-Support at $1.66
-Resistance at $1.88

Keppel Land ($2.40) – Temporary correction
-Support at $2.30
-Resistance at $2.70

Capitaland ($3.83) – Steady Uptrend
-Support at $3.66
-Resistance at $4.55

(Source: TheEdge Singapore)