Month: July 2020

Gold price smashed to record high

gold price
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It seems that gold price has upturned the downturn. Amid the devastating impacts of COVID-19 pandemic, gold price climbed to a high of USD1,900 per troy ounce. At this level, gold price surpassed the previous high last seen in 2011. Is this a bubble in the making or the start of a multi-year bull run for gold price?

Against the backdrop of soaring gold price, a member enquired what should be the investment strategies that one could undertake amid the downturn. Indeed, it is almost 6 months since the outbreak of the virus. In view of this, I do think that it is time opportune to take stock of the situation and the investment strategies to undertake.

gold price

On 2 February 2020, I wrote an article, “Wuhan virus offers three opportunities to build wealth”. In that article, I had doubts that gold price would hit USD1,900 per troy ounce. Instead, I predicted that the on-going uncertainties would lead to an increase of gold price by at least 10%. However, the current form of gold price had proven me wrong. Nevertheless, if investors had bought gold at USD1,580 per troy ounce back in February 2020, they would …

AEM share price rocked by Intel

AEM share price

Sign up & unlock articles! AEM share price suffered an explosive meltdown on 24 July 2020 following news of Intel’s announcement of delay in production of 7nm-based CPU for about 6 months. The bombshell revelation caused AEM share price to drop by as much as 7% the next trading day. Is this the beginning of the end for AEM share price or should investors buy on the dip?

AEM share price to rocket to $5.00?

AEM share price in fist of fiery

AEM share price to rock and roll with Singtel?

AEM share price to sink or swim with Huawei ban?

AEM share price to hit $50 on NASDAQ listing?

AEM share price in explosive bull run!

AEM share price

To be fair to Intel, the 2Q financial result was actually quite decent as revenue increased by a staggering 20% year-on-year to reach USD19.7 billion. This performance exceeded most analysts’ predictions. On the basis of Intel’s stellar results, I expect AEM’s upcoming 1HFY2020 financial result to be robust as well, thereby turbo-charging AEM share price.

Question now is: will AEM share price explode in second wave with a potential contract win with Qualcomm or spiral out of control with Intel? Speculations about a …

AEM share price to rocket to $5.00?

AEM share price

Sign up & unlock articles! Will AEM share price fulfil its destiny as the King of Technology Stock in SGX? AEM share price has been in buoyant mood in the past week, soaring by as high as 17% on 21 July 2020. Admittedly, the rise has not been linear as AEM share price experienced some loss of form in June.

The upcoming 1H financial result must have given a boost to AEM share price as investors bought ahead of the earning release. Many analysts had hyped up AEM share price and re-rated the target price following the strong growth in electronics sector amid the COVID-19 outbreak.

AEM share price in fist of fiery

AEM share price to rock and roll with Singtel?

AEM share price to sink or swim with Huawei ban?

AEM share price to hit $50 on NASDAQ listing?

AEM share price in explosive bull run!

AEM share price

As the purported key supplier for Intel, AEM share price had ridden on the growth of the US semiconductor company in recent years. It’s competitive edge lies in its first-mover advantage of its test equipment for Intel in 2016 – High Density Modular Test (HDMT) semiconductor test handler platform. The volume ramp …

SPH share price at mercy of OCBC Bank?

SPH share price
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It is that “uh-oh” feeling for SPH share price again. As an OCBC shareholder, I have a special interest in SPH share price. Why is this so? After all, this article is about SPH share price and not OCBC bank. Read on to find out why.

Troubles certainly come in troops for SPH share price. In the 3rd quarter business update, SPH management revealed that COVID-19 pandemic had resulted in revenue from print advertisement plummeting 51% year-on-year while rental income from its Singapore retail assets also got hit due to the circuit breaker from April to June. To rub salt into the wound, one of its aged care assets (Orange Valley) was a COVID-19 cluster (thankfully all affected patients had been discharged).

SPH share price assassinated by short sellers

SPH share price in Halloween nightmare

SPH share price plunged to record 14-year low

SPH share price in disaster

SPH share price

Given the gloomy backdrop, SPH share price continued its downward journey to the bottom of the cliff. Should shareholders hang on for their lives or throw in the towel? In my opinion, current SPH share price is so bad its good.  At 0.5 to its book …

DBS Group share price to melt with 41% GDP drop?

DBS Group Holdings share price

Sign up & unlock articles! It’s official. Singapore has entered into recession following the 41.2% GDP drop in the 2nd quarter from the preceding three months. As the bellwether of the economy, the financial performance of the banks is sensitive to the economy condition. In this regard, will DBS Group share price melt in the coming weeks?

DBS Group Holdings share in bloodbath with Hin Leong

DBS Group Holdings share in explosive meltdown

DBS Group share price in dark chapter with virus

DBS Group Holdings share price ambushed by coronavirus?

DBS Group share price

The mind-blowing decline of 2Q’s GDP is obviously caused by the COVID-19 and the resulting circuit-breaker measures. Many analysts shuddered to think what would have happened if the government did not implement the four budgets worth nearly $100 billion. The rescue packages helped to mitigate the impact for most businesses and stave off mass unemployment. Looking back, this could be the major factor why DBS Group share price had not collapsed to abysmal levels until now.

Despite the devastating effect of COVID-19 pandemic, year-to-date, DBS Group share price had corrected about 18%. The bearish form was because the bank has a huge loan exposure of $85 billion in the

Golden Agri share price plunged to record low

Golden Agri share price

Sign up & unlock articles! Is this the end of the road for Golden Agri share price? The only predictability about Indonesian palm oil plantation company is its unpredictability. In December 2019, many analysts (including myself) predicted that Golden Agri share price would be doomed after the stock was removed from the prestigious Straits Times Index (STI). But the company ended FY2019 on a high note after delivering a surprising result which saw the company clocking USD194 million of net profit.

Golden Agri share price to lose shine after STI exit?

Golden Agri share price in false dawn?

Golden Agri share price

Entering FY2020, Golden Agri share price plunged to a low of $0.13 on 23 March 2020 due to the devastating fallout from COVID-19. Since then, Golden Agri share price had not been able to shake the blues. For the past four months, the stock had been languishing around the $0.13 to $0.15 price range. Make no mistake, no winter lasts forever. The best chance of making money from stock market is to enter during crisis time. But will Golden Agri share price turn out to be a falling knife?

Perhaps, the disappointing 1st quarter business update played a part in the …

AEM share price in fist of fiery

AEM share price
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In June 2020, AEM share price hit the skid after soaring from $1.30 in March to a high of $3.40 in May. The uncertainties of the new US ban on Huawei, coupled with the announcement that Apple is ditching Intel for its Mac computers, may have took some shine off AEM share price. But in July, AEM share price returned to form and resumed its bullish form again. What has changed?

To put things into perspective, AEM share price roared to life in 2020 because of COVID-19 pandemic, which had caused people to work from home. The pandemic has also resulted in companies turning to technologies for business continuity. Against this backdrop, the demand for chips soared. Consequently, AEM share price went on a bullish streak because the company provides system testing for semiconductor companies.

AEM share price to rock and roll with Singtel?

AEM share price to sink or swim with Huawei ban?

AEM share price to hit $50 on NASDAQ listing?

AEM share price in explosive bull run!

AEM share price

Question now is: will AEM share price rocket in the coming months? This is the price level that will propel its market capitalization to $1.4 …

SPH share price assassinated by short sellers

SPH share price
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SPH share price is in crisis. 22 June 2020 marked the end of 22 years of journey in the Straits Times Index (STI) for SPH, which was being replaced by Mapletree Industrial Trust. Given that the revamped STI was created by SPH in 1998, the latest development is indeed a terrible setback for SPH share price. But in my view, this move could be a strategy by the management to ward off short-selling attacks.

SPH share price in Halloween nightmare

SPH share price plunged to record 14-year low

SPH share price in disaster

SPH share price

From 2 December 2019, SGX has dramatically reduced the borrowing rates for index stocks from 6% to 0.5%. This means that if SPH continued to remain in the STI, SPH share price will be vulnerable to short-selling attacks. Currently, investors had loaned a massive 19.4 million of SPH shares to the SGX Securities Borrowing and Lending Pool (SBL).

Notwithstanding the above, SPH share price is likely to be bearish in the following months. Former STI comrades like SIAEC, StarHub, Golden Agri and HPH Trust all suffered huge decline in share prices following their exit out of STI. So far, I have not …

TalkMed share price lost its way

TalkMed share price

Sign up & unlock articles! Will TalkMed share price ever see daylight? This counter used to be one of the rising stars among the Catalist. With a market capitalization of $554 million, TalkMed is actually one of the largest Catalist stocks in Singapore. Yet, a combination of events caused this healthcare group to fall off the cliff in recent years.

Every dog has its day. TalkMed share price had a good start when it surged from IPO price of $0.20 in January 2014 to hit a high of $1.00 in July 2016. That solid run also saw the Group issuing bonus shares to reward shareholders on the basis of one bonus share for one existing ordinary share back in May 2017.

TalkMed share price

Then all of a sudden, the wheels came off the wagon for TalkMed share price. In June 2017, the Group’s CEO, Dr Ang Peng Tiam. was given an eight-month suspension following the inquiry conducted by the Disciplinary Tribunal of Singapore Medical Council. Dr Ang’s eight-month suspension had a negative impact on the Group’s revenue and earnings in 2017. That news totally knocked the wind out of TalkMed share price. Since then, TalkMed share price had been a shadow of …