$Futu Holdings Limited(FUTU)$US$110 target price

$SEMBCORP MARINE LTD(S51.SI)$ absorbing the weak holders at 0.08 and bid volume at 0.08 is building up. Short term floor price at 0.08 that is supported by Temasek MGO. Declining volume could indicate easing in selling pressure. Risk reward is decent. Waiting for the break up. 

$SEMBCORP MARINE LTD(S51.SI)$ waiting for the pump before the end of rights subscription period

$XIAOMI-W(01810)$ Target price Hk$40

$HSI(HSI)$ signs of reversal spotted this morning. Could see a rebound to 27600 where resistance at downtrend line is expected. 

One of the major news last week that shook Singapore stock market was the announcement of the consolidation between Keppel O&M and Sembcorp Marine. For readers who had not read the announcements in detail, here is a quick summary of what is going to happen.1) Non-binding MOU between $KEPPEL CORPORATION LIMITED(BN4.SI)$ and $SEMBCORP MARINE LTD(S51.SI)$ to combine Keppel O&M with SMM (“Combined Entity”)- The Combined Entity will be a listed entity, and SMM's shareholders will hold shares in the Combined Entity;- Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million;- Keppel intends to distribute to its shareholders all the Combined Entity shares t

$KEPPEL CORPORATION LIMITED(BN4.SI)$ and $SEMBCORP MARINE LTD(S51.SI)$ have both halted trading of their shares this morning. Looks like the long awaited restructuring of their oil and gas businesses is finally here!

$SARINE TECHNOLOGIES LTD(U77.SI)$ is displaying a beautiful chart set up. Having broken up from the triangle yesterday on high volume, SARINE is retesting its Jan high of 0.70. There is a good probability of clearing 0.70 and after which it may test the next resistance at 0.84.

$SINGTEL(Z74.SI)$ is at a critical support level. 2.30 support must hold, failing which, we may see a new round of selling to 2.15 level. Intraday bid ask volume is turning bearish as bid queue is dropping while ask queue is building up.

What is the outlook for the US market like? Let us take a quick look at the charts of the key US indices for some insights.DOW JONES- There is a risk of a potential double top formation. After hitting resistance in early June, DJIA has reversed its course and is in a correction mode.- DJIA still remains in the uptrend channel and the medium-term uptrend remains intact. - Yesterdays price action was somewhat slightly bias towards the positive side. The index hit its horizontal support line and buyers came back to support, trimming the loses in the index.- Outlook for DJIA: As the horizontal support line converges with the uptrend channel support line, there should be support at 33,600 level. This level may still be retested in the coming days and if hold up well, we can expect DJIA to start

$F J BENJAMIN HOLDINGS LTD(F10.SI)$Penny stocks are in play and today, FJB is on the top volume chart with more than 80 mil shares traded.Share price shoot to the day high of 0.042 before holding at 0.038.High volume traded zone is at 0.039. Need to clear this level before it can continue the upwards price movement. Cut loss if breaks below 0.037.Trade with care and DYODD. 

$Straits Times Index(STI.SI)$STI Technical outlook based on hourly chart:- Trading in a downtrend channel since 28 May- Lower highs (bearish) since 28 May- Reach the low of 3145 on 4th Jun and has since establish higher lows, forming a triangle pattern. - Appears to have broken down from the triangle formation during the last trading hour today (bearish)- Now holding at the horizontal support line Current TA points towards a bearish bias over the short term. STI may move towards its next support at 3145, which is also around the mid-line of the downtrend channel.What it takes to turn bullish?STI has to break up from the downtrend channel and clear the previous high of 3175.Trade with care and DYODD.

As I continue to follow the trading of $SINGAPORE AIRLINES LTD(C6L.SI)$ MCB Rights in the secondary market, an interesting observation came to me.Earlier when afternoon trading reopened in for the Singapore market, there were approximately 9.2 million of SIA MCB Rights transacted at 0.001 through married deal.9.2 million of SIA MCB Rights doesnt cost a lot. At 0.001, it is worth only $9,200. The next question that came to my mind is what this buyer is planning to do with the MCB Rights.First, he could be a long-term supporter of SIA and he is buying the Rights to subscribe for the MCB. But to subscribe, it will cost him $9.2 million to take up his rights. That is a lot of money! And this money will be locked up for 9 years! Even if the investo

$SINGAPORE AIRLINES LTD(C6L.SI)$ For those who wanted to sell your rights but have not done so, it seems like the chance to sell has passed. 115 mil rights queueing to sell at 0.001 now. Bid-ask prices are now at lowest quotable level. 

$Histogenics(OCGN)$ Going to the moon soon? After US, it will be bringing Covaxin to Canada too!https://timesofindia.indiatimes.com/india/after-us-market-bharat-biotech-ties-up-with-ocugen-for-covaxin-sale-in-canada/articleshow/83206592.cms