$CityDev (C09.SG)$ President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates. Speaking via video to an assembly of global leaders at the World Economic Forum in Davos, Switzerland, the new president in a wide-ranging policy speech did not mention the Fed by name but made clear he would seek lower rates. “I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all ove...
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USD has started to drop against Asian currencies and US bond yields have dropped on Trump comments mentioned in bloomberg channel he would rather not put tariffs on China. This is positive for stocks and reits/business trusts.
$Frencken (E28.SG)$ This stock is still undervalued and way below my target price 1.26. I expect Fy24 full year net profit to be around 36 million SGD witb EPS around 8.4 cents.
$Frencken (E28.SG)$ Next resistance is 1.13 and 1.14. Once it breaks the resistance, next hit point will be 1.16. Volume needs to be high in order to break out.
$Frencken (E28.SG)$ The stock has dropped cheap. I have added some shares at 1.11. Good time to start accumulate. The stock is forming a base at 1.10 and 1.11, waiting to rebound. The bands have narrowed. The stock might rebound back to 1.13 and 1.14.
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TSMC has reported very good earnings which is pushing up the US semi con stocks tonight. Their rally will give a boost to SG semi con stocks.
STI Hits Record High, Boosted by the Big Three Bank Stocks As we approach 2025, it's the perfect moment to look back at how the Singapore stock market performed in 2024. The year was a strong one for Singapore's equities, with the Straits Times Index (STI)$FTSE Singapore Straits Time Index (.STI.SG)$surging by 16.9% up to December 31, 2024, hitting its highest level since 2007. The STI, being a market-capitalization-weight...
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The semi con stocks are following the direction of US semi con stocks. Currently, it seems that US semi con stocks are selling down. And frencken seems to be on down trend. Will need to monitor the situation as Trump is going to be president on 20 Jan. Don’t be in a hurry to buy now.
$Frencken (E28.SG)$ RSI is turning up with stock trading above 5 EMA, 10 EMA and 20 EMA but below 60 EMA and 120 EMA. The stock is turning bullish and on the uptrend.
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Just reached 60 EMA today. Sooner will touch 120 EMA at 1.25.
$Frencken (E28.SG)$ The resistance is 1.15. Once it breaks the resistance, next hit point will be 1.17.
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Frencken Stock Forum
President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates.
Speaking via video to an assembly of global leaders at the World Economic Forum in Davos, Switzerland, the new president in a wide-ranging policy speech did not mention the Fed by name but made clear he would seek lower rates.
“I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all ove...
This stock is still undervalued and way below my target price 1.26. I expect Fy24 full year net profit to be around 36 million SGD witb EPS around 8.4 cents.
Next resistance is 1.13 and 1.14. Once it breaks the resistance, next hit point will be 1.16. Volume needs to be high in order to break out.
If the U.S. Treasury yields continue to drop, it will be positive to stocks and reits.
The stock has dropped cheap. I have added some shares at 1.11. Good time to start accumulate. The stock is forming a base at 1.10 and 1.11, waiting to rebound. The bands have narrowed. The stock might rebound back to 1.13 and 1.14.
As we approach 2025, it's the perfect moment to look back at how the Singapore stock market performed in 2024. The year was a strong one for Singapore's equities, with the Straits Times Index (STI) $FTSE Singapore Straits Time Index (.STI.SG)$ surging by 16.9% up to December 31, 2024, hitting its highest level since 2007.
The STI, being a market-capitalization-weight...
RSI is turning up with stock trading above 5 EMA, 10 EMA and 20 EMA but below 60 EMA and 120 EMA. The stock is turning bullish and on the uptrend.
The resistance is 1.15. Once it breaks the resistance, next hit point will be 1.17.
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