Friday, June 21, 2019

HSBC Holding (0005.HK) Support level at $64.00

Hong Kong market down 136 point today, HSBC (0005.HK) * trading above support level HKD$64.00, *Dividend yield 6.20%, Quarterly distributed
P/E = 13x
Market Cap: 1,329.36B (Yes, it is a giant)

Entry level : HKD64.40
Stop loss : 63.00 (If break below support level)

CFD Trading is available for this HK stock, unlike the normail shares' lot size is 400, CFD lot size is reduced to 1 unit. So you can buy any quantity of shares

i.e 500 shares with 10% margin only SGD559.54. Pls see attached for info.

*Our view only, disclaimer applies *

Blogged by Caleb Gan - Awarded winning Stock broker & Trade

Monday, June 17, 2019

Will Alibaba Hong Kong Listing affect it's US stock?

Logically it should have positive impact for the US listed stock price
Jack Ma is one of the richest Chinese guy (very smart stock investor), in November 2007 Alibaba IPO In Hong Kong, the Share price tripled from hk$13.50 to as high as Hk$39.95 and close at $39.50
In September 2014 US Alibaba IPO, the IPO priced at $68 and opening price is $92.70
So I think they are really smart. This listing going to be an exciting one
Are you excited about 2019 Alibaba IPO?
For the US stock, it is better follow the trend with an indicator to determine when the trend start moving up, example price cross above 50 days moving average. The stock is bullish on the mid term if price goes above 50 days moving average. Looking at the chart below, still need some time for the price to turn around.

Market Outlook Mid June 2019 (Prepared for ZaoBao)

Mid to long term, market remain bullish. Trade war with mexico is over before it actually start, they reach a temporary truce as both US and Mexico agree to do more to stop the migrants, the optimism of the global Trade war having a solution is one of the reason why we see the US stock market move higher over the past 2 weeks. Another reason is the Fed start to worried about the trade war affecting the economy so Fed are looking to cut interest rate, if Fed decide to cut interest rate we might see the market continue it's bull run. 

STI up for 4 out of 5 trading days last week, this show that Singapore investor is coming back into the market. Since the fall in May, STI shed near 300 points from 3411 to 3104 and we are on a recovery with STI gain close to 120 points over the past 2 weeks. We see that the Properties, Electronic, Telco(Singtel) and Bank's sector are leading the market higher

In coming week(17-21 June), Market may go sideway or might have a slight pull back to see what is the outcome of the Fed meeting held on 18-19 June. Electronic stock might get some sell down or profit taking with US giant chip maker Broadcom fell sharply last friday after announcing lower revenue than market estimated




Sunday, June 16, 2019

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