Post Reply
41-60 of 78
SIA eng reported good result but why price dropped? Dun understand...!
4.22 is our pivot point.
Our preference: the upside prevails as long as 4.22 is support.
Alternative scenario: the downside breakout of 4.22 would call for 4.09 and 4.02.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 4.3 and 4.3).
Supports and resistances: 4.65 *4.57 **4.5 4.32 last 4.26 4.22 **4.09 *
// TRADING CENTRAL is a commentary service specialising in technical analysis //
Our pivot point is at 4.32. Our preference: the upside prevails as long as 4.32 is support. Alternative scenario: below 4.32, expect 4.2 and 4.13.
Comment: the RSI is trading above 70. This could mean that either the stock isin a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case).
The MACD is positive andabove its signal line. The configuration is positive. Moreover, the stock isabove its 20 and 50 day MA (standing respectively at 4.3 and 4.31).
Finally, SIA Engineering has crossed above its upper daily Bollinger band (4.47).
SIA Engineering is currently trading near its 52 week high reached at 4.69 on 01/10/10.
Supports and resistances: 4.76 *4.69 **4.62 4.47 last 4.37 4.32 **4.2 *
//TRADING CENTRAL is a commentary service specialising in technical analysis.//
| SilkAir renews MRO contract with SIA Engineering |
| WRITTEN BY THE EDGE |
| THURSDAY, 09 DECEMBER 2010 17:40 |
Mainboard-listed SIA Engineering Company (SIAEC) says it has signed a new five-year maintenance, repair and overhaul (MRO) and fleet management services contract with SilkAir worth $300 million. SIAEC’s fleet management programme (FMP) business currently services more than 200 aircraft in 11 airlines, with 130 in service and the remaining to be delivered over the next 3 years. With more than half of the fleet operated by non-SIA airlines, spanning across Asia, Middle East, Australia and the United States, the Company is focused on growing the third-party content of its business and extending the global footprint of the SIAEC Group.
|
/theedgesingapore/FYI READING
Today is a Good Day to Buy SIA Engg.
Business: Maintenance and Technical Ground Handling Services to Flights into and out of Singapore Changi Airport; Airframe and Component Repair and Overhaul Services for Commercial Aircraft; Joint Venture with Airlines in Singapore and Overseas; In Singapore, Australia, China, Hong Kong, Indonesia, the Philippines, Taiwan and Ireland.
Now Trading at $4.24.
1. In an Uptrend Channel with Potential High of $4.60.
2. Just Bounded off its Support Level of $4.17.
3. Price still Below 30MA and 50MA.
4. MACD is reversing upwards.
5. Stochastic has crossed, but moving sideway.
6. Company gives regular Dividends.
7. Revenue, Profit and Cash Flow all increase QoQ.
8. Company has no Debt.
Grade: 9.
Target Price: $4.60.
More on my Blog at
Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
Nov 2010,
All news focus on aerospace. Not bad for ST Engg and SIA Engg.
They are known to involve in aeroplane business.
This two company are generous in giving out dividends and also buy back their company shares regularly.
Low volume when STI drop points.
Chart wise not so good. May experience a technical rebounce if market bad tmr.
Just a point of view.
On Friday, SIA Engg fails to break through its important resistance
at $3.95 and closed lower at $3.86 with high volume of 0.9 million
shares traded.
A “hanging man” & black candle sticks with long upper shadow at
resistance level indicate that investors choose to take profit at this
point of time.
Both RSI & MACD indicators began to turn bearish with RSI having a down tick and MACD converging together.
Important Resistance of SIA Eng: $3.95
Immediate Support of SIA Eng: $3.83
The recent rally has caused the prices to surge above 20/50/100/200 days MA which is a good sign for SIA Engg.
However based recent candle sticks and heavy selling volume, SIA
Engg most likely need to pullback before it can proceed further.
We encourage waiting for the prices to drop at least near
technical/20days MA at $3.83 before entry. But we do advise buying
around $3.75 for stronger support though we do not know if it will hit.
If vested, it will probably depend on your greed. As seen from
charts, SIA Engg prices travel in an “up trend channel” where prices
bounds off from each limits. In the current situation, this counter
still have room for correction before rebounding off these limits.
Investors can choose to “average up” or take profit depending on
personal profile.
SEE CHART & ANALYSIS FOR BROADWAY To be frank, i am shocked that there are so little discussion abt this counter when it actually rises steadily upwards
i see..tk alot for yr feedback
ahpheng ( Date: 02-May-2010 23:54) Posted:
Hi... while absolutely no one can predict the direction of a counter, based on previous trends, it will rise.
Agree?
Cheers. |
|
Hi... while absolutely no one can predict the direction of a counter, based on previous trends, it will rise.
Agree?
Cheers.
hi...wat u mean breakout??? fall? or rise??
ahpheng ( Date: 02-May-2010 20:30) Posted:
Keep a lookout on this counter. It's forming symmetrical triangle pattern, may breakout in next few days.
Cheers. |
|
Keep a lookout on this counter. It's forming symmetrical triangle pattern, may breakout in next few days.
Cheers.
any prospect for this counter? loaded a few lots but not moving very much up compare to others
SIA Engineering -120509-CIMB-GK
May 12 close: $2.41
CIMB-GK, May 12
Raising earnings estimates by 1-6 per cent for FY10-11, to account for stronger FMP and line maintenance revenue: We also introduce FY12 estimates. We reduce our dividend payout assumption for FY10 from 80 per cent to 60 per cent.
Maintain Outperform; higher TP of $2.97 (from $2.40), still based on blended CY10 P/E and DCF valuations: Our new TP incorporates our earnings upgrade and a higher P/E target of 14x (from 9x), based on SIAE’s five-year trading band. The stock is backed by net cash of $371 million.
OUTPERFORM
jj, why sia engg? potential for run up?
on the queue 2.99, can't even touch the level yet... hmm.... the TA chart show the support point at 3.00...
don't miss the bull run of SIA engineering..
as for SIA shares, i already said, their spike is fake orgasm... those who buy because of dividend will all loss.. the only way now for SIA is heading south, i see no reason to buy until the oil price is less than USD 105.
tai wok, the mother, SIA also falls 15% in porfit last qtr. sian ah, rather to go for a glass of beer AT kopi tiam instead of attending today's AGM. don't hope for any special div beside the proposed div of 80cts.
the broke off of China Eastern Air n Shanhai Air further added SIA hope to keep the extra cash to buy 24% shares fo China Eastern.
yupe, after dividend payout, it continue to drop and drop and drop... buy SIA engineering and not SIA !!!!
fully agreed... hmm.. maybe after EX date, it will continue to drop? i don't know..
HLJHLJ ( Date: 18-Jul-2008 09:10) Posted:
|
TA MA shows downtrend.
