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Singapore Stocks To Watch Next Week – Jan 14 to Jan 20

Market Wrap Up

Singapore stocks ended week on positive note, STI Straits Times Index closed at 3198.65 up 15.14 points or 0.48 percentages higher on daily basis. While on weekly basis index closed with strong 4.56% gains. Early start of week index made low of 3084.88 and high 3209.65.

Recovery in global market & crude oil played main role. Positive developments and talks of US and China also one more factor to support local market rally.

Top performer stocks were UOL Group at 6.63 up 2.79%, City Developments LTD at 8.90 up 2.30%, SembCorp Industries Ltd at 2.74 up 1.86% while worst performer were ComfortDelGro at 2.16 down 1.82%, Jardine Matheson Holdings Ltd at 68.10 down 0.86%,Singapore Technologies Engineering Ltd at 3.57 down 0.83%.

Other active stocks turnover wise included DBS, SingTel, OCBC Bank, ThaiBev.

On currency front USDSGD pair closed at 1.35262 down 0.47% as compared to previous week’s close.

On basis of key developments and last trading activity following stocks remain in focus next week.

 

GSH CORPORATION LIMITED (Code: BDX)


Company Overview

GSH is the acronym for Global Strategic Holdings and reflects the Company’s growth strategy – reinforcing its global reach in distribution and strategic positioning in emerging markets. GSH Corporation Limited and its group of companies (“GSH Corporation”) are established distributors of IT, photographic, timepiece and healthcare products. As part of its inorganic growth strategy, GSH Corporation is seeking to diversify into property development in the PRC.

Latest News

GSH Corp was the most traded stock in last trading session with turnover of 104.5 million shares. On Thursday in an off market deal Sam Goi, the executive chairman of the South-east Asia-focused property developer bought about 22.5 million shares at 31 Singapore cents.

This buyout increases its stake in company from 50.01 to 51.16. Earlier in November Company’s net profit increase 2 per cent to S$2.1 million for the third quarter ended Sept 30.

Outlook

Stock closed at 0.325 on Friday. Next week it can trade in range of 0.310 to 0.330 with major support at 0.310.

 

SPH SINGAPORE PRESS HLDGS LTD (Code: T39)


Company Overview

Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages. In Singapore, SPH publishes 18 newspaper titles in four languages and more than 100 periodicals. Every day, 3 million individuals, or 77 per cent of people above 15 years old, read one of our publications. The online editions of our main newspapers enjoy over 265 million page views with 18 million unique visitors every month.

Latest News

Company reported earnings dropped by 6.3% in first quarter of 2019, due to a 74.3% decline in contribution from investments as the Treasury & Investment portfolio was partially divested by August 2018 at the end of the previous financial year.

Outlook

Stock can trade with negative bias but lower end strong support comes at 2.40 and upside major resistance comes at 2.53 above which can rise further.

 

QIAN HU CORPORATION LIMITED (Code: BCV)


Company Overview

Qian Hu provides a spectrum of one-stop services including the distribution of over 500 species of ornamental fish from all around the world as well as the manufacture and distribution of a wide range of aquarium accessories, including pet foods and medications. The Group, which has subsidiaries in Malaysia, Thailand and the PRC, also includes the manufacture and distribution of plastic bags into its vertically-integrated business model.

Latest News

Fish seller Qian Hu Corporation reported that its net profit for the fourth quarter ended Dec 31, 2018 fell 63.5 per cent to S$46,000, compared to S$126,000 a year ago due to higher operating cost and competition.

Outlook

Stock is not liquid and has very less trading volume but recent news can drag stock lower below 0 .18

 

OXLEY HOLDINGS LIMITED (Code: 5UX)


Company Overview

The Group is a property developer specializing in residential cum commercial developments. Its strategy is mainly to provide the home buyer with quality residential properties at competitive prices. The Company is the holding company of its subsidiaries, Ascend Assets, Galaxy Land, Hume Homes, Orchard Suites Residence, Oxley Ascend Capital, Oxley Ascend Realty, Oxley Assets, Oxley Blossom, Oxley Concept, Oxley Vibes and Oxley Wealth etc

Latest News

Shares of Oxley Holdings rose in early trade on Friday’s to hit a three-month high when it traded at 33 Singapore cents. In recent news company planning to sell Stevens Road hotels which would have positive impact on balance sheet.

Outlook

Stock rose to three month high and open gap up if price able to hold level of 0.315 can rise further till 0.335

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