ST Engineering    Last:10.56    -0.06

ST Engg

Today buy up for dividends, now at 2.92. Good luck. 

 

No.	Date Announced	Date Transacted	Company Name	Name	Relation	Type	Details	Quantity	Price
1	2012-01-18	2012-01-18	SINGAPORE TECH ENGINEERING LTD	Tan Pheng Hock	Director	Buy	Exercise of Share Options/Convertibles	175000	2.29
2	2011-10-17	---	SINGAPORE TECH ENGINEERING LTD	Aberdeen Asset Management Asia Limited	Substantial Shareholder	Sell	Sales in Open Market at Own Discretion	800000	---
3	2011-08-04	2011-08-04	SINGAPORE TECH ENGINEERING LTD	Peter Seah Lim Huat	Director	Buy	Exercise of Share Options/Convertibles	33375	2.84

 

2.75 is our pivot point.

Our preference: the upside prevails as long as 2.75 is support.

Alternative scenario: the downside breakout of 2.75 would call for 2.68 and 2.63.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 2.74 and 2.74).

Supports and resistances:
3.03 *
2.99 **
2.94
2.84 last
2.78
2.75 **
2.68 *



Click to view chart in actual size.

 

Think this year will not be as fat as previous year. Still the mgt will give some to the investors. No fish strimps oso can . Hahha. 

stocker6      ( Date: 16-Jan-2012 16:19) Posted: April will be their fat dividend

 

April will be their fat dividend

 

when do they give divident

 

EPS too low for a index stocks...PE high.......too many outstanding shares....only good for dividend.....

 

 

Airshow coming so this laggard may hv some legs to show. Good luck. 

 

Phillip Securities Research on ST Engg 

  http://sg-shares.blogspot.com/2012/01/st-engg.html