$YZJ Shipbldg SGD (BS6.SG)$ This is based on SGX weekly fund...
Clearly institutions chip flow to retailers and price gone down. This is from Chip analysis. Sadly Singapore does not report daily fund flow, so only can see weekly fund flow.
If there is STOP hunt then there should be high retailers outflow, showing retailers all stop out.
price down and retailers chip increase suggest that share are Sold to retailers, not retailers Bought from sellers.
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Bull FYC : averaging down and bought 2 lots today at 1.26 given that not much change to its fundamental. sold by institution guess largely due to QE taper which expect to happen this mth hence foreign investor take profit and send back US?
Bull FYC : and yes, too bad that daily fund flow is not available
hao96 OP : Agreed with u that fundamental remain intact.
Assume that you are right that money need to flow back to US due to taper. Then where will be the next batch of fund to push up the stock leh? Need to consider. If u are in for trading, control ur risk.
hao96 OP : Unless the management openly say will do share buy back to in still confidence la.
Fundamental perspective uh: Net cash is SGD 1.37
given exchange rate 4.8. So current price is undervalued based on Cash position
Bull FYC hao96 OP : thanks! will take note