My Esoteric Technical Analysis Forecast

Companies News - 07 May 2008

2008-05-07T09:12:00.002+08:00

Singapore Companies at a glance
- UOB Q1 net profit up 2.1%
- Keppel Fels bags US$512m Ensco rig order
- Technics lands $30m contract with Bumi Armada
- Citi Investment analysts downgrade SIA to 'sell'
- BOC Aviation reports US$51m after-tax profit
- ST Engg's Q1 profit up 13%
- Raffles Education Q3 net soars 76% to $19.4m
- Oceanus makes Catalist debut today
- Anwell in deal to sell solar panel equipment
- SGX extends, fine-tunes research scheme
- MBK's final deadline for AsiaPharm

Source: Business Times Online, Date: 07/05/08

Companies News - 02 May 2008

2008-05-02T09:29:00.001+08:00

Singapore Companies at a glance
- Hisaka launches IPO of 90m shares at $0.23 each

Source: Business Times Online, Date: 02/05/08

Companies News - 01 May 2008

2008-05-01T08:45:00.002+08:00

Singapore Companies at a glance
- SingPost Q4 net drops 10.6% to $34.5m
- CDL Hospitality Q1 available distribution surges
- A-iTrust distributable hits $45.8m
- Hi-P Q1 net soars 64% to $24.7m
- Keppel Land in Pearl River Delta project
- Astra net rises 76% on vehicle, palm oil gains

Source: Business Times Online, Date: 01/05/08

EOD Analysis - 30 Apr 2008

2008-04-30T22:14:00.003+08:00

Ascendasreit

The stock had been trading between $2.32 and $2.47 since 28 Mar. As we can see that this range seemed to be a level of resistance for the past months since Nov 2007. And today's breakaway gap (indicated by the blue arrow) is a positive sign that this could be the start of a bullish trend. Furthermore it is supported by a significant increased in volume and other positive indicators, such as CCI above +100 and RSI rising above 70%. And Accum/Dist is on the rise.

Recommendation
LONG at $2.57
STOP LOSS at $2.30
TARGET PRICE at $2.76
Reward/Risk Ratio: 0.70

Job Opportunities - 30 Apr 2008

2008-04-30T20:35:00.003+08:00

FX Spot Trader - Foreign Bank

Responsibilities:
- Dealing with client execution inquires and client requests/orders
- Dealing with FX, MM, Spot and Forward Trading
- Execute trade for clients
- Market analysis and providing market information to clients
- Securing smooth order flow and liaising with the back-office
- Pricing and execution of FX, OTC Options, Structured Products

Requirements:
- Min 4-5 years of experience in with banking or brokerage firm
- Familiar in FX trading/execution, MM, Spot and Forward Trading
- Ability to prioritize tasks
- Effectively work with the team
- Good team player and able to work in a fast paced environment
- Good communication skills
- Only Singaporeans or Singapore PRs need apply

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to doreen@recruitexpress.com.sg.

Senior Treasury Dealer

Responsibilities:
- Promote sale of Treasury products (mainly forex) and derivatives
- Work in dealing room department to promote products to Japanese Corporates

Requirements:
- Min. Degree with min. 5 years in bank’s dealing room environment
- Must have existing client base and confident in bringing them in to new bank
- Must have promoted sales of forex and derivatives products
- Ability to communicate in Japanese language is an added advantage

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to joy@cadmusresources.com.

Leveraged FX Dealer

Responsibilities:
- To provide leverage Foreign Exchange (FX) trade execution services against margin (collaterals) to clients such as High Net worth individuals, SME Corporate etc in FX and related products in 24-Hour market
- Provide advice and feedbacks to clients about market situation
- Assist in closing deals
- Work closely with global sales group for business development
- Meeting the profit and volume target assigned

Requirements:
- 1-2 years experience in Leverage FX / margin tradingin banks/brokerage firm is a MUST
- Strong understanding of FX and margin concept
- Good marketing skills and a good team player
- Willing to be trained
- Singaporean and Singapore PR only

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to veron.chen@recruitexpress.com.sg.

Trader - Long/Short Japanese Cash Equity

Responsibilities:
- The team is comprised of analysts and traders with a wealth of experience and there is now space within the group for a highly motivated, dynamic Analyst to Associate level trader.
- An excellent opportunity to join a rapidly growing business, taking advantage of excellent platforms, working along side highly regarded individuals within the Japanese equity trading space.
- Rapid career progression and highly competitive compensation available

Requirements:
- an Analyst to Associate level Japanese equity trader
- Candidates with excellent academics and cash equity trading internship experience also considered

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph at www.selbyjennings.com.

FX Invesmtent Advisory (night desk)

Responsibilities:
We are seeking an experienced FX investment advisor to provide private clients in Asia with FX and FX derivatives trading and invesmtent advise. You will have good FX products trading and invesmtent knowledge and be able to work the night shift. Attractive monthly shift allowance will be provided.

Money Market (MM) products (Normal day working hours)

Responsibilities:
You will be responsible for quoting interest rates for deposits and loans, Fx Swaps prices in global currencies to private client who are seeking short term and overnight deposits. You will also be repsonsible for managing the private bank’s regional liquidity book. You will also be responsible for maintaining the current account book and liquidity requirements for the bank.

Requirements:
For both roles, we are seeking candidate with tertiary qualification and at least 5 years of dealing or invesmtent advisory experience. You must be a team player and enjoy an environment of client service and advisory. You must have good communications skills and interpersonal skills.

Request:
For all the above positions - Interested and qualified candidates , please email your resume in Word Format with a recent photograph to Stanley Teo at www.profileasia.com.

Companies News - 30 Apr 2008

2008-04-30T08:07:00.003+08:00

Singapore Companies at a glance
- SMRT Q4 net profit falls 5.5% to $34.2m
- CapitaLand unlikely to match last year's results
- Raffles Medical Q1 net rises 48% to $6.1m
- MCL Land Q1 profit jumps to US$5m
- Oculus explains hold up in completing its accounts
- Noble finalises credit facility
- YHS settles with IRAS, to write back excess tax provision
- Koda Q3 net falls 25% to US$539,000
- SFI posts 29.7% rise in Q1 net to $12.87m
- Shanghai Asia Holdings posts Q1 net of 22.8m yuan

Source: Business Times Online, Date: 30/04/08

Job Opportunities - 29 Apr 2008

2008-04-29T19:45:00.003+08:00

CFD VICE PRESIDENT/ASSISTANT VICE PRESIDENT

Responsibilities:
- Formulate business strategies and CFD sales
- Involved in all aspect of CFD business including overseeing trade execution

Requirements:
- Degree in Finance or Business-related discipline
- At least 5 years of experience in financial services industry, preferably in Forex, futures or equities
- Strong leadership qualities with ability to multi-task
- Ability to work under pressure in a fast-paced environment
- Must be a team player with proven track records

CFD SALES MANAGER/ASSOCIATE

Responsibilities:
- Marketing and presentations of CFD products
- Respond to product enquiries
- Establish and maintain client relationship
- Assist dealer in trade execution and risk management
- Setup of client account

Requirements:
- Degree in Business-related discipline or equivalent
- Preferably have passed CMFAS examinations (Module 1A & 6)
- Familiarity with financial markets. 3 - 5 years of experience in financial products/services sales
- Highly motivated, articulate, consultative and confident in sales approach
- Proven ability to build and maintain client relationships
- Excellent communication skills and able to multi-task

CFD DEALER/JUNIOR DEALER

Responsibilities:
- Execution of trades for equities
- Client servicing and relationship management
- Involve in conducting product training and education
- Support Sales & Marketing team
- Assist with risk management

Requirements:
- Degree/Diploma in any field
- Preferably have passed the CMFAS examinations (Module 1A & 6)
- Possess excellent interpersonal and communication skills
- A team player and able to work under pressure in a fast-paced environment

Request:
For all the above positions - Interested and qualified candidates , please email your resume in Word Format with a recent photograph to recruit@kimeng.com.

Interest Rate Volatility Trader, (AD - Dir Level)

Responsibilities:
You should be a strong Interest Rates Volatility Trader with a proven track record generating substantial P&L by taking risk on options as well as a thorough understanding of exotic risk.

Requirements:
- First Class education
- 3-5yrs proven trading experience within a financial institution (VP level upwards)
- Excellent experience in interest rate volatility trading
- Language skills and experience trading the Asian markets will be advantageous
- Proven track record of making money
- This is a great chance to join a leading Investment Bank in a role with immediate responsibility and ability to generate large revenue streams

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to James Wilson at www.millarassociates.com.

EOD Analysis - 28 Apr 2008

2008-04-29T10:03:00.001+08:00

AusGroup

Previously it was trading at the range between $0.88 and $1.09. After the news that "The Australia-based engineering firmwarned that it will report a loss in its third quarter.", AusGroup plunged nearly 25 percent, causing a runaway gap to be formed. Volume increased significantly meaning that there is good chance this change in market direction will continue. ADX is below both +DI and -DI, and RSI is trending downwards to oversold.

The next level to be concerned with, would be at $0.595.

Recommendation
SHORT at $0.795
STOP LOSS at $1.10
TARGET PRICE at $0.595
Reward/Risk Ratio: 0.66

Job Opportunities - 28 Apr 2008

2008-04-28T21:57:00.002+08:00

FX Spot Trader

Responsibilities:
You will be involved in dealing with client execution inquiries and client requests/ orders. You will also make market analysis and provide market information to clients. Your role also requires you to secure a smooth order flow and liaise closely with the back-office.

Requirements:
- Preferably 3 years experience in FX department of an international commercial bank or preferably a private bank with sales exposure
- Excellent communication and interpersonal skills
- Ability to prioritize tasks
- Multi-tasking

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to sandy@capitagrp.com.

Leveraged FX Trader

Responsibilities:
- Report to Chief Dealer, Collaterised FX Trading, Treasury
- To provide leverage Foreign Exchange (FX) trade execution services against margin (collaterals) to clients such as High Net worth individuals, SME Corporate etc in FX and related products in 24-Hour market
- Provide advice and feedbacks to clients about market situation
- Assist in closing deals
- Work closely with global sales group for business development
- Meeting the profit and volume target assigned

Requirements:
- At least 2 years experience in FX trading/execution in banks/brokerage firm
- Strong understanding of FX and margin concept
- Familiar with Leveraged FX Trading
- Good marketing skills and a good team player
- Willing to be trained
- Singaporean and Singapore PR only

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to veron.chen@recruitexpress.com.sg.

Gasoline Trader

Responsibilities:
A rapidly expanding oil trading company requires a Gasoline Trader to join their team in Singapore. Applicant should have experience in the physical product and crude oil trading sector and have good commercial aptitude. This is a good opportunity to join a company at the beginning of vast expansion worldwide. All applicants will be treated in strictest confidence.

Requirements:
NA Unknown.

Request:
Interested candidates please apply through commodity & energy career portal www.commodity.eu.com.

Finance Dealer - Futures and Options

Responsibilities:
As part of the Futures and Options Dealing Team, you would help service existing clients in their trading of derivatives in global markets.

Requirements:
- Good diploma from a recognized tertiary institution
- Knowledge of financial markets is essential
- Prior experience is preferred, though not necessary
- Highly motivated
- Able to work in a highly dynamic environment
- Team player with strong interpersonal and communication skills
- Able to work independently with good problem-solving skills
- Ability to speak Mandarin is mandatory, and speaking Japanese and/or Korean is a plus

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to andrew@verst.com.sg.

Dealer Institutional Sales

Responsibilities:
- Execute institutional orders for Singapore & regional equities, include order taking from clients and sales team
- Provide clients with market news, oder flows, order updates and execution details
- Support Sales Traders in servicing client's central buyers and writing daily market summaries

Requirements:
- Degree or Diploma with Financial background and Capital Markets Services Representative's License
- Minimum 2 -3 years of relevant experience
- Conversant with Bloomberg usage, experience with FIX compliant Trading systems and Order
- Excellent communication skills
- Strong numeric and computer skills with an eye for detail
- Team player with the ability to work under pressure

Request:
Interested and qualified candidates , please email your resume in Word Format with a recent photograph to isabel@recruitplus.com.sg.

EOD Analysis - 25 Apr 2008

2008-04-26T10:27:00.002+08:00

Yongnam
MFI went from 53% to 68% on rising volume. ADX increased from 16% to 17%. Both RSI and CCI are rising from previous days, and heading towards overbought region.

However there seemed to be a resistance at $0.23 as buyers tried to push the closing beyond this level. Friday ended with a open and close at $0.23.

We will wait and see for the breakout to happen on Monday. If the buyers are able to push the closing above $0.23, the next price level to be worry about would be at $0.26.

Recommendation
LONG at $0.235
STOP LOSS at $0.200
TARGET PRICE at $0.26
Reward/Risk Ratio: 0.71

Updates
Apr 24, 2008: Yongnam And KTC Secure S$81.4 Million Contract For Marina Bay Sands Integrated Resort Development

EOD Analysis - 24 Apr 2008

2008-04-25T09:12:00.004+08:00

Yangzijiang
ADX increased from 18 to 19 with +DI above -DI, which is a BUY signal. For the past 2 days, the trading range increased from 18.1% to 38.5% change. Trading volume increased from 7.91% to 158.6% change, after the news of trading tax cut in China. RSI also increased from 50% to 59%. Now it is currently trading above its resistance level of $1.05.

Today's closing price will tells us whether the resistance will hold.

Recommendation
LONG at $1.11
STOP LOSS at $0.87
TARGET PRICE at $1.32
Reward/Risk Ratio: 0.88

Updates
Apr 28, 2008: Yangzijiang eyes over 50% jump in earnings

EOD Analysis - 23 Apr 2008

2008-04-24T08:58:00.002+08:00

China Sun
ADX rises from 16 to 17, with a strong surge (10 times) in trading volume. The trading range is around 3 times the previous day. Stochastic is going up with rising prices, signaling healthy trend.

However, there are resistance from sellers. Even though the price traded up to $0.34, sellers are pushing it down to the closing at $0.32. MAs are all pointing down, although there could be a positive change in 25d MA.

It seems that the resistance level at $0.335 is a crucial breakout point. Based on the 10 times surge in trading volume, I am willing to take on a slight risk.

Recommendation
LONG at $0.32
STOP LOSS at $0.28
TARGET PRICE at $0.366
Reward/Risk Ratio: 1.15