Singapore: STI Index (.STI) has posted a net profit of S$103.9 million in the fourth quarter

Singapore: STI Index (.STI) has posted a net profit of S$103.9 million in the fourth quarter

Singapore: STI Index (.STI) has posted a net profit of S$103.9 million in the fourth quarter

THE Singapore Exchange (SGX) has posted a net profit of S$103.9 million in the fourth quarter, up 24.1 per cent from the same period a year earlier.

Revenue in the three months ended June 30 rose 16.5 per cent to S$248 million, led by record derivatives revenue of S$130.1 million, up 52.2 per cent from the same period a year earlier.

Equities and fixed income revenue fell 9.4 per cent to S$92 million.

Fourth-quarter earnings per share was 9.7 Singapore cents, up from 7.8 cents in the same period a year earlier.

A final dividend of 7.5 Singapore cents per share was proposed, bringing the total dividend for the year to 30 cents per share, unchanged from a year earlier.

For the full-year ended June 30, net profit rose 8 per cent to hit an 11-year high of S$391.1 million, above consensus estimates of S$381 million.

Full-year revenue also beat analyst estimates, rising 8 per cent to S$910 million.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 3,349.09.

The projected lower bound is: 3,239.65.

The projected closing price is: 3,294.37.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 33 white candles and 16 black candles for a net of 17 white candles.

Momentum Indicators

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 13.0102. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 8 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 39.13. 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 sell 18 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 -259.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 2 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 sell 17 period(s) ago.

Rex Takasugi – TD Profile

STRAITS TIMES closed down -9.000 at 3,291.750. Volume was 18% below average (neutral) and Bollinger Bands were 49% narrower than normal.

Open     High      Low     Close     Volume___
3,282.7903,311.2603,280.5703,291.750 172,194,560

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

Moving Averages: 10-period     50-period     200-period
Close: 3,351.12 3,282.89 3,204.80
Volatility: 11 11 14
Volume: 202,103,712 207,123,136 210,180,560

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

STRAITS TIMES is currently 2.7% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of .STI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .STI and have had this outlook for the last 2 periods.

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