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Technical Outlook (SembMar, Yanlord, LippoMalls)
Perspective | 20 May 2013
Related stocks:
S51
Z25
By: Collin Seow
Articles (95) Profile

SembCorp Marine
I wrote in March 2013 about this stock on a downtrend move. It has dropped from $4.50 to low of $4.20 since then. Currently, its price has rallied to $4.39 from a low seen 2 weeks ago. One may consider to sell on strength once the price breaks below the candle’s low. The commodity channel index (CCI) is also overbought at 100. The moving averages (MAs) 20-day, 40-day, and 100-day are all above the price and is sloping down. This may present selling pressure as the price goes higher. However, in a lower probability scenario, the price may break above the downtrend line and begin an uptrend move. In my view, this is a low proability scenario based on price action now.

Weekly Chart of SembMar

Yanlord Land Group
Yanlord Lang Group (Yandlord) has seen a consolidation period of more than 3 months from the period of February to May. However, my view is that this consolidation may be over. Its price touched and quickly rebounded from the upward sloping 40-day MA. The CCI was oversold too. Currently, the CCI is overbought but may remain overbought if the trend is strong. The 20-day, 40-day and 100-day MAs have all turned from downtrend to uptrend in November 2012.

Weekly Chart of Yanlord

Lippo Malls Indonesia Retail Trust
Lippo Malls Indonesia Retail Trust (Lippo Malls) is on a strong uptrend based on what’s seen currently by its MAs. They are not only sloping up but the distance between the MAs is also increasing. The price also broke above the uptrend channel indicating further bullishness. One may wait for the CCI to turn to oversold (-100) to buy on dips as circled on the chart in March 2013. However, the trend is such that the CCI may not have the opportunity to drop to -100. Another way to trade this is to trade the momentum of the stock now. One may buy at the price now and take profit once the candlestick turns bearish. A stop may be placed a few cents below the uptrendline channel.

Weekly Chart of Lippo Malls

Collin Seow is a Chartered Portfolio Manager, inventor of the CSI Trading System and no stranger to the investment scene.

Please click here for more information about this author.

Sembcorp Marine  -- -- --   
Business: Co is a leading global marine & offshore engineering group. [FY18 Turnover] rigs & floaters, repairs & upgrades, offshore platforms (98.8%), ship chartering (1%), others activities (0.2%).

Insight: May-19, 1Q19 revenue fell 31.3% to $810.6m due to ... Read More
Yanlord Land Group  -- -- --   
Business: A real estate developer. [FY18 Turnover] Property development (95.2%), others (2.7%), property investment & hotel operations (2.1%).

Insight: May-19, 1Q19 revenue were halved to Rmb3.6b due to... Read More
Lippo Malls Indonesia Retail Trust  -- -- --   
Business: REIT that is engaged in invs in retail ppties in Indonesia.

Insight: Apr-19, 1Q19 gross rental income slid 7.1% due to ... Read More


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