Civil servants got a a pay revision which was a timely move to ensure they are able to retain and attract talents. Things still look stable and positive for Singapore economy. However, May is approaching. A tough month coming for stock market because there was a saying - "Sell In May and Go Away".
Crude has been limited and that's why it went up to $63 - $64 region. Looking ahead next week in STI; seems healthy which took a slight correction (which was expected) in mid week to its current 3373.59.
Stocks like Chemoil, Lottvis and Unionmet will be continue to be in play next week and will be in my radar screen. In particularly, Lottvis which will start doing lottery business in China, a potential high capital yield stock in years to come. Metal stock like Unionmet had a slight correction to its current price of $0.595. Target price coming next week should be $0.66 - $0.67.
Long term investment, maintained of highly stable stock like Sembcorp and Rotary. Sembcorp took a beating down to $5.10 as the market took a breather. Maintained Sembcorp and Rotary for long term stock.
Fund investors can look into region like Asia Ex Japan, Korea and Europe for unit trust investment as Asia remains to be strong and positive.
Any opinion herein is made on a general basis and is not an inducement to trade.
Crude has been limited and that's why it went up to $63 - $64 region. Looking ahead next week in STI; seems healthy which took a slight correction (which was expected) in mid week to its current 3373.59.
Stocks like Chemoil, Lottvis and Unionmet will be continue to be in play next week and will be in my radar screen. In particularly, Lottvis which will start doing lottery business in China, a potential high capital yield stock in years to come. Metal stock like Unionmet had a slight correction to its current price of $0.595. Target price coming next week should be $0.66 - $0.67.
Long term investment, maintained of highly stable stock like Sembcorp and Rotary. Sembcorp took a beating down to $5.10 as the market took a breather. Maintained Sembcorp and Rotary for long term stock.
Fund investors can look into region like Asia Ex Japan, Korea and Europe for unit trust investment as Asia remains to be strong and positive.
Any opinion herein is made on a general basis and is not an inducement to trade.
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