Singapore stocks next week analysis

Market Wrap Up

Last week Singapore stock market closed in positive territory. Earlier on Monday STI (Straits Times Index) open at 3205.15 and moved lower at 3173.46 and later recovered and close week at 3224.34. In percentage terms index gained 0.80%.

Week’s top active stocks included Ezion, Rex International, JCG Investment, Genting Sing, YZJ Shipbldg SGD, ThaiBev, SingTel etc.

Top percentage gainers were JCG Investment at 0.03(+200%), Hoe Leong^ at 0.004 (+100%), Joyas Intl at 0.003 (+50%). While top percentage loser were Mun Siong Engg^ at 0.022 (-56%), Vashion at 0.002(-50%), Asian Micro at 0.003 (-40%)

Stocks with top turnover were DBS, UOB, SingTel, Ascendas REIT, OCBC Bank.

In Global market Theresa May’s Brexit deal voted down by house of common but May’s government survived no confidence vote. In US, Dow Industrial index closed with strong gains of 1.38% or +336.25 points. In upcoming week STI index can trade in range of 3175 to 3251.

Stock to watch next week on key developments and news


ESR-REIT (Code: J91U)

Company Overview

ESR-REIT invests in quality income-producing industrial properties. It has a diversified portfolio of 57 properties located across Singapore, with a total gross floor area of approximately 14.1 million sq ft and a property value of S$3.02 billion1. General Industrial, Light Industrial, Logistics/Warehouse, Hi-Specs Industrial, and Business Park, and are located close to major transportation hubs and key industrial zones island-wide.

Latest News

ESR-REIT posted a distribution per unit of 1.005 cents for quarter ended 31-DEC-18. This was up 8.2 percent YOY basis.


Reit price can rise further to level 0.550.Recent breakout from level of 0.51 which was earlier strong resistance can now act as support.



Company Overview

SIIC Environment Holdings Ltd is a top-tier integrated player in China’s water and environmental markets. It is engaged in wastewater treatment, water supply, solid waste management and other environment-related businesses. It is previously known as Asia Water Technology Ltd. Shanghai Industrial Holdings Ltd. acquired a controlling stake and completed debt restructuring in Asia Water. It was renamed SIIC Environment .After restructuring company has tremendous growth and continues to increase its market share in China’s water and environmental sector.

Latest News

Company announced that its subsidiary, Shanghai Fudan Water Engineering Technology, has signed BOT (build-operate-transfer) agreement of 30years with the Department of Housing and Urban-Rural Development of Shen County in Shandong province. This project is expected to cost RMB 360 million.

This project is expected to contribute positively going forward.


Price broke out of strong consolidation band of 0.290 and can rise up to 0.320 with support come at 0.270.



Company Overview

Maple tree Industrial Trust (“MIT”) is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centers worldwide beyond Singapore, as well as real estate-related assets.

Latest News

Mapletree Industrial Trust’s (MIT) proposed acquisition of 18 Tai Seng from its Mapletree Investments for $268.3m which will increase NPI from existing yield of 6.4%.

Company will release its 3Q financial results on 22-Jan-19.


Stock recently crossed resistance of 1.95 with volume and trading above this will justify breakout. Price can rise to level of 2.0-2.03 as news based events like results will be released.

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