Singapore Press Holdings Limited (SGX:T39) HEFFX Highlights

Singapore Press Holdings Limited (SGX:T39) HEFFX Highlights

Singapore Press Holdings Limited (SGX:T39) HEFFX Highlights

  • Media and property firm Singapore Press Holdings (SPH) has entered into a joint venture that involves investing up to $8.5 million in Han Language Centre.
  • SPH said on Friday (Aug 4) that it has partnered Mr Ann Jong Juan, the founder and principal of the Han Language Centre, which has 19 outlets, making it one of the largest in Singapore.
  • The joint venture will enable SPH’s Chinese Media Group to co-develop Chinese language education programmes and events with Han Language Centre that will cater to students and adults, combining the expertise of both parties in education, culture, as well as news and current affairs.

Singapore Press Holdings Limited is a media company. The Company’s businesses include newspapers, magazines, book publishing, online, properties, events/outdoor, radio and healthcare sector. The company also runs meal and catering and physiotherapy and rehabilitation services. Its English/Malay/Tamil Media group consists of the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian, and their respective student publications. The Company’s businesses also include its subsidiaries Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services Pte Ltd, which licenses the use of the Straits Times Index in partnership with the Singapore Exchange and FTSE-Russell Ltd; financial data company, ShareInvestor, and the two English stations of SPH Radio, which include Kiss92 and ONE FM 91.3. It provides out-of-home (OOH) advertising options managing format screens and static billboards.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 3.15.

The projected upper bound is: 2.96.

The projected lower bound is: 2.75.

The projected closing price is: 2.85.

SPORE PRESS HLDG closed down -0.010 at 2.860. Volume was 15% below average (neutral) and Bollinger Bands were 25% wider than normal.

Open      High         Low         Close       Volume
2.880      2.890      2.860      2.860      4,702,900

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period       50-period      200-period
Close:                       2.89                3.10                 3.43
Volatility:                17                     22                    17
Volume:                   7,010,310      6,104,468      4,794,589

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SPORE PRESS HLDG is currently 16.6% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of SPRM.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on SPRM.SI and have had this outlook for the last 23 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 15.7895. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 32.64. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 6 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -92. This is not a topping or bottoming area. The last signal was a buy 6 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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