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Ascending tringle detected going to breakout anymoment
starlene ( Date: 06-Aug-2010 13:09) Posted:
Yes..buy on weakness...Legg Mason bought a lot when it was $2.20 to $2.32
Warrants Highlight Straits Asia - Possible Re-rating? Macquarie is pleased to list a new call warrant over Straits Asia Resources today: Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Macquarie Research Equities (MRE) published a report on Straits Asia on 3 August 2010, reiterating their Outperform recommendation and $3.40 price target. MRE believes the stock could benefit from a re-rating upon the approval of the Sebuku boundary, new Jembayan infrastructure, potential for improvements in corporate governance, and continuous quarterly operational improvements... Catalyst 1: Sebuku boundary approval MRE highlighted that channel checks show increasing conviction over the "in-principal-approval" in September 2010, and the "final approval" in Q410. MRE thinks this should enable production to start Q111, which should be transformational in terms of increasing reserves, production, coal quality, ASP and lowering costs. Catalyst 2: Jembayan barge loader MRE feels that the Jembayan barge loader tendered to an international contractor and due to be completed in Jan 2011, could lead to capacity increasing up to 12mt (which also reduces the risk of a supply disruption). Catalyst 3: Improving governance MRE sees the potential for Straits Asia's major shareholder to increase their stake (as per their strategy to increase exposure to the coal sector) medium term. MRE feels this should lead to an improved perception of corporate governance. Catalyst 4: Improving quarterly performance MRE sees the potential for the company to improve performance consequently over the next couple of quarters due to increasing production and higher prices. Further, MRE believes that consensus downgrades have been largely reflected by key brokers. Macquarie Straits Asia Resources Warrants Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Call StraitsAMBLeCW101001 (K7IW) exercise price $2.10.* For a full list of Macquarie warrants, please log on to www.warrants.com.sg |
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Cum dividend will it go higher?
Any good news? SAR chiong to 2.18. Cheers.
Ex date 6Sept USD 18.43 about SGD 24....
windatoz ( Date: 19-Aug-2010 16:10) Posted:
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Dear Victorf, Thanks.... noted your call & bought, may i may when is the XD??
What is your target price? Thanks!!!
victorf ( Date: 19-Aug-2010 15:58) Posted:
hope you have BUY ON DIP for this counter for the past few days when it is at near $2....remember Market is always Right!!! good luck :)
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we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :) |
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Dear Victorf, Thanks.... noted your call & bought, may i may when is the XD??
What is your target price? Thanks!!!
victorf ( Date: 19-Aug-2010 15:58) Posted:
hope you have BUY ON DIP for this counter for the past few days when it is at near $2....remember Market is always Right!!! good luck :)
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x 0
Alert Admin |
we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :) |
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Coal:
¨ Benchmark coal prices continue to fall.
¨ According to GlobalCoal, benchmark Newcastle thermal coal prices fell to US$91.87/tonne, from US$94.15 a week earlier.
¨ Thermal coal prices have been on a weekly downward trend since May, and in our view, this is due to the lower demand from China’s manufacturers.
S$2.05 ?
On Friday, StraitsAsia re-tested its resistance at $2.17 and closed at $2.17 with low volume of 4.28 million shares traded.
A candle sticks with long lower shadow indicates that investors are
tempted to sell down as StraitsAsia failed to breakout of the $2.17
resistance for past couple of trading session.
Both RSI & MACD are bullish though RSI already at overbought region.
Important Resistance of StraitsAsia: $2.17
Immediate Support of StraitsAsia: $2.05
Currently prices are above the 20/50/100/200 days MA and RSI at overbought region.
We would not suggest buying at this moment as any upside will be
limited and StraitsAsia having issues in breaking out of resistance.
SEE ANALYSIS FOR SEMBMAR
In fact, we encourage profit taking if StraitsAsia failed to breakout of the $2.17 resistance.
Yes..buy on weakness...Legg Mason bought a lot when it was $2.20 to $2.32
Warrants Highlight Straits Asia - Possible Re-rating? Macquarie is pleased to list a new call warrant over Straits Asia Resources today: Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Macquarie Research Equities (MRE) published a report on Straits Asia on 3 August 2010, reiterating their Outperform recommendation and $3.40 price target. MRE believes the stock could benefit from a re-rating upon the approval of the Sebuku boundary, new Jembayan infrastructure, potential for improvements in corporate governance, and continuous quarterly operational improvements... Catalyst 1: Sebuku boundary approval MRE highlighted that channel checks show increasing conviction over the "in-principal-approval" in September 2010, and the "final approval" in Q410. MRE thinks this should enable production to start Q111, which should be transformational in terms of increasing reserves, production, coal quality, ASP and lowering costs. Catalyst 2: Jembayan barge loader MRE feels that the Jembayan barge loader tendered to an international contractor and due to be completed in Jan 2011, could lead to capacity increasing up to 12mt (which also reduces the risk of a supply disruption). Catalyst 3: Improving governance MRE sees the potential for Straits Asia's major shareholder to increase their stake (as per their strategy to increase exposure to the coal sector) medium term. MRE feels this should lead to an improved perception of corporate governance. Catalyst 4: Improving quarterly performance MRE sees the potential for the company to improve performance consequently over the next couple of quarters due to increasing production and higher prices. Further, MRE believes that consensus downgrades have been largely reflected by key brokers. Macquarie Straits Asia Resources Warrants Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Call StraitsAMBLeCW101001 (K7IW) exercise price $2.10.* For a full list of Macquarie warrants, please log on to www.warrants.com.sg
what price is good to entry? what price to take profits? plse advice.thks
victorf ( Date: 04-Aug-2010 12:12) Posted:
we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :)
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this is one of the few counters that we will buy on dip (another one is informatics education)....good luck :) |
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we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :)
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this is one of the few counters that we will buy on dip (another one is informatics education)....good luck :) |
Tks Victorf fyi....
this is one of the few counters that we will buy on dip (another one is informatics education)....good luck :)
Thank you for sharing. good luck.
victorf ( Date: 03-Aug-2010 13:09) Posted:
| you can trade according to the two waves.....$1.93 - $2.14 and $2.15 - $2.32...once break $2.14/$2.15 convincingly, it will move to the next wave....else protect your profit at upper bound if you buy low....a lot depend on your trading strategy and pattern of trading (plus many other factors)....general guideline is buy at lower bound and sell at upper bound...most important guideline is listen to Market as Market is always Right!!!....also look at the expected date of release of result for this counter to trade...good luck :) |
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ML issued report with TP 2.89!
CHIONG AH!!!!!!!!!!!!!!!!!!!!!!!!
you can trade according to the two waves.....$1.93 - $2.14 and $2.15 - $2.32...once break $2.14/$2.15 convincingly, it will move to the next wave....else protect your profit at upper bound if you buy low....a lot depend on your trading strategy and pattern of trading (plus many other factors)....general guideline is buy at lower bound and sell at upper bound...most important guideline is listen to Market as Market is always Right!!!....also look at the expected date of release of result for this counter to trade...good luck :)
Ya, very 'chun'. Great!
victorf ( Date: 03-Aug-2010 12:18) Posted:
easily another 20 cents profit or 10% profit or more when bought this counter near $1.94....as always our call is straight forward, precise and with no hindsight....only need two weeks....remember Market is always Right!!! good luck :)
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commodity stocks are always in demand for any recovery...cheers for palm oil related stocks...one laggard now is strait asia and there is no reason when STI is approaching 3000, its price is still lagging with respect to all commodity stocks....good luck :) |
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Hi Victorf
Any further upside for Straits Asia? Any taget price? Tks
easily another 20 cents profit or 10% profit or more when bought this counter near $1.94....as always our call is straight forward, precise and with no hindsight....only need two weeks....remember Market is always Right!!! good luck :)
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commodity stocks are always in demand for any recovery...cheers for palm oil related stocks...one laggard now is strait asia and there is no reason when STI is approaching 3000, its price is still lagging with respect to all commodity stocks....good luck :) |
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