Vallianz Holdings Ltd (SGX:545) HEFFX Highlights

Vallianz Holdings Ltd (SGX:545) HEFFX Highlights

Vallianz Holdings Ltd (SGX:545) HEFFX Highlights

  • Singaporean offshore-support vessel company Vallianz Holdings’s fiscal first-quarter net profit attributable to shareholders rose 12.5% to $4.3 million from $3.87 million thanks to contributions from new long-term charters, it said in an exchange filing Monday.
  • Revenue, however, fell 35.2% year over year to $41.2 million as a result of the completion of one-time vessel management projects in the second half of 2016.
  • “The offshore support-vessel sector continues to be weighed down by weak vessel utilization and depressed charter rates in most markets,” Chief Cxecutive Ling Yong Wah said in a statement.

Vallianz Holdings Limited (Vallianz) is Singapore-based investment holding company. The Company is a provider of offshore support vessels and integrated offshore marine solutions to the oil and gas industry. Its segments include Vessel chartering and brokerage, which is engaged in chartering of owned vessels and brokering of vessels; Vessel management and services, which is engaged in the provision of crew, consultancy and logistics, and marine yard services and construction services, and Investment holding, which is engaged in holding available-for-sale investments for long-term purposes. The Company’s offshore marine services include vessel ownership, chartering, brokering, vessel management services and marine marketing services in Asia Pacific, the Middle East and Latin America. It provides a range of vessel management services for both owned vessels and third party vessels. It owns and operates a fleet of approximately 70 offshore support vessels.

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 0.02.

The projected upper bound is: 0.01.

The projected lower bound is: 0.01.

The projected closing price is: 0.01.

VALLIANZ HOLDING closed down -0.001 at 0.013. Volume was 268% above average (trending) and Bollinger Bands were 14% wider than normal.

Open       High      Low       Close      Volume
0.015      0.015      0.013      0.013       21,548,200

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

Moving Averages: 10-period      50-period      200-period
Close:      0.01      0.02      0.02
Volatility:      96      75      84
Volume:      4,923,843      6,159,020      9,419,290

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

VALLIANZ HOLDING is currently 27.8% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of VHLD.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on VHLD.SI and have had this outlook for the last 75 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 16.6667. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 1 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 35.51. 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 1 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 -88. This is not a topping or bottoming area. The last signal was a buy 1 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 2 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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