Cheers! May your investments reap rich rewards.
Some highlights of trading today (times cited below are approximate):
9.10 am: Normally, an illiquid stock, Design Studio has now seen 495,000 shares changing hands. Stock is up 2 cents at 65.5 cents.
It was highlighted as a potential multi-bagger by Kim Eng Research last week.
9.15 am: Oceanus is down 0.5 cents at 43.5 cents on heavy volume of over 5 million shares. Probably because it is technically overbought. But in Taiwan, the Oceanus TDRs changed hands at NT$10.30 (or 45 Singapore cents), up 0.15.
9.30 am: Superstar stock of 2009, Z-Obee, is struggling. Down 0.5 cent at 23.5 cents on volume of about 2 million shares. Profit-taking?
9.45 am: Abterra unchanged at 4.5 cents but strong buying interest. Two big purchases this morning: 5 million and 2.812 m at 5 cents a share.
Three big blocks of sale also: 5 m, 1.8 m and 1.7 m shares at 4.5 cents apiece.
10 am: Q&M Dental is the new darling of the market. Up 3 cents at 58.5 cents. Was only 32 cents on Dec 1. Its historical PE is over 30X. Gulp!
Dr Wong Weng Hong, MD (medical services), Healthway Medical. Photo by Sim Kih
Healthway Medical is, in contrast, at 14 cents, up 0.5 cents. PE ratio only about a third of Q&M.
May not stay low for long: Healthway did its maiden share buyback on Dec 30 with 5 million shares at 12.5 cents apiece.
Long-suffering investors must be hoping for more share buyback today and going forward!
10.25 am: Q&M Dental is 59.5 cents! About 12.8 m shares transacted so far.
10.50 am: Comment by AK71: I am completely amazed by Q&M Dental. It's up another 4c!!! Based on FA, this is just too rich for me. Not vested.
Golden Agriculture's volume is drying up. I've never seen volume so low for this counter
before. 51c resistance still in force.
Healthway looks promising with 6.64m shares bought up at 14c up till now. Sell down at
13.5c is almost non-existent at 0.5m shares. Looks like a retest of the top of the
previous cup formation is at hand. That's at 14.5c.
(Check out AK71's blog: http://singaporeanstocksinvestor.blogspot.com/)
11.07 am: sgmarket says: Brisk trading of SC Global. Stock is up 14 cents at $1.85. Perhaps more good news regarding their Seven Palms @ Sentosa Cove in the offing? Good proxy to the luxury property market which is seeing signs of investors returning.
Noon: Regional markets are subdued. No fireworks: STI is down slightly, Hang Seng Index too. But Tokyo is up about 1%.
1215 pm: AK71 says: Golden Agriculture broke resistance on low volume. At 51.5c now. Without strong buying momentum, it would be hard for it to close above resistance. Will have to wait for end
of day to see how it turns out.
Q&M Dental seems to have met resistance at last. Round number 60c. If it manages to
overcome 60c as well, I don't know what else to say.
AFTERNOON SESSION:
2.30 pm: ASL Marine, which has been highlighted by 'winstorn' in our forum, has done well today : it's up 2 cents at 97.5 cents. It was 89 cents on Dec 23.
3 pm: Metro Holdings has just hit a 52-week high at 83.5 cents, up 4.5 cents now. This stock was highlighted for its exposure to China's property market by NextInsight readers such as 'kisuke' and 'harlequin' in this thread.
Founded in 1968, Teckwah has operated from locations including Geylang (above). This painting currently hangs in the boardroom of Teckwah.
3.15 pm: Another stock that has touched a 52-week high is Teckwah Industrial, which has been inching up in the past week on rising volume. Stock is now 26 cents with 314,000 shares done today.
After a reader 'erelation' highlighted the stock in our forum, we met up with Teckwah management and had an article on Nov 1 on this business. We highlighted its strong cashflow and balance sheet: it had $40 m cash on hand and a market cap of $54 million back then.
3.38 pm: Amazingly, few S-chips are doing well today. In the top 30 volume list, Sinotel is at 65 cents (+1.5 cents) and China XLX 65.5 cents (+4 cents).
4 pm: Spoke too soon. Z-Obee is now up 1 cent at 25 cents. Was as low as 23 cents earlier.
4.25 pm: AK71 says: 14c cleared! Healthway is now testing 14.5c!
Golden Agriculture is nibbling away at 51.5c. Will it close above resistance today with
another 30 minutes to go?
Q&M Dental's 60c sell queue is being demolished. I am speechless...
4.34 pm: Three massive buy transactions send Healthway clearing the 14.5 cent hurdle. The block buys were 1.1 m, 3.0 m and 3.461 m - all at 4.34 pm and within seconds of each other.
4.37 pm: AK71 says: Houston, we have take off!!! Healthway has cleared 14.5c! I'm gonna celebrate tonight. Haha... About time. :)
5.05 pm: OK, end of the day. Healthway has been breathtaking, closing at 16 cents (+2.5 cents) with over 67 million shares done. Another medical stock, Q&M, has also tore away from the pack, closing at 60 cents (+4.5 cents), a record high.
Not forgetting Z-Obee, which closed at 25.5 cents (+1.5 cents).
