Market Summary (27th Nov - 1st Dec)

2017-11-30:
A sharp pullback of NASDAQ has stimulated another downbeat day here, with only some of the stocks saved by month end's window dressing.

Stocks	Prev Close	Open	Close	High	Low	+/-	+/- (%)	Value
UMS	1.07	1.05	1.01	1.05	0.995	-0.06	-5.61%	11.1mil
Hi-P	1.86	1.83	1.75	1.83	1.72	-0.11	-5.91%	4.2mil
AEM	3.32	3.29	3.16	3.29	3.16	-0.15	-4.82%	2.9mil
Allied Tech	0.072	0.073	0.084	0.086	0.073	0.012	16.67%	15.2mil
Sarine Tech	0.97	0.97	1.02	1.02	0.955	0.05	5.16%	29.2mil
China Aviation	1.53	1.53	1.64	1.64	1.52	0.11	7.19%	3.0mil
No Signboard	0.28 (IPO)	0.31	0.29	0.33	0.29			24.0mil
RE&S Hld	0.27	0.275	0.255	0.28	0.255	-0.015	-5.56%	0.5mil
MindChamps	0.89	0.89	0.88	0.895	0.87	-0.01	-1.12%	1.2mil

Obviously, no one wouldn't expect there wouldn't be similar drop in local tech stocks, the question is how much would they drop. It ended up the UMS, Hi-P and AEM led the race and all fall about 5%, rendering difference in valuation totally non-relevant. 

Allied Tech, became the brightest spot of the day, rising 17% after yesterday's announcement of a new substantial shareholder. Sarine Tech, similary, rose 5% after there was a married deal of 29.3mil shares @ $0.97 during the day. Will this trigger a reversal? 

China Aviation, on the other hand, exemplified what is window dressing; which jumped from 1.57 (price at 5pm) to 1.64 after normal trading hours. 

To debut in such a bad day is perhaps unlucky for No Signboard, where it opened only 10% higher and fell to $0.29, only 1c higher than IPO price. But other recently listed stocks didn't fare much better though, with RE&S Hld fell another 5% and MindChamps dipped 1%. 

Overall, for the month of November, STI crawled up 42.7 points (1.2%) to close at 3433.5. Perhaps only STI managed to stay green, most of the stocks especially pennies, property counters, some tech counters had been mostly bleeding in the month. How will the last month of the bullish year turn out to be?

2017-11-29:A combination of still energetic US bull, another missile firing from North Korea and a continuous pullback from SSE spiked up the volatility and made our stocks trading in sideways.

Stocks	Prev Close	Open	Close	High	Low	+/-	+/- (%)	Value
Tuan Sing	0.415	0.425	0.455	0.455	0.425	0.04	9.64%	14.8mil
Keong Hong	0.565	0.575	0.59	0.59	0.565	0.025	4.43%	0.7mil
JB Foods	0.555	0.56	0.595	0.6	0.56	0.04	7.20%	0.2mil
Manulife Reit	0.865	0.865	0.905	0.915	0.865	0.04	4.62%	5.1mil
YZJ Shipbuilding	1.59	1.59	1.53	1.6	1.52	-0.06	-3.77%	35.6mil
China Sunsine	0.915	0.915	0.89	0.915	0.88	-0.025	-2.73%	0.6mil
Trendlines	0.16	0.161	0.153	0.161	0.151	-0.007	-4.38%	2.3mil
Alliance Mineral	0.325	0.33	0.315	0.335	0.315	-0.01	-3.07%	1.2mil
Noble Group	0.147	0.145	0.157	0.165	0.136	0.01	6.80%	1.7mil
Duty Free Intl	0.27	0.265	0.26	0.27	0.26	-0.01	-3.70%	0.3mil
Nico steel	0.006	0.006	0.005	0.006	0.005	-0.001	-16.70%	0.4mil

Hottest stock of the day was the unexpected Tuan Sing, which soared close to 10% with highest volumes in years transacted. Something must be brewing as I do not believe a buy call from UOBKH could stir up so much interest. Keong Hong, another rare property counter that rose, rose on the account of better results due to one-off fair value gain. 

JB Foods, continued to soar after its tremendous results on 2017-11-14, which will soon become a one-bagger if it continues to fly. Just wonder what will be the price after XD of 2c dividend (book closure date not announced yet). So often than not, the market find ways to amplify the trend to make it either overvalue or undervalue. Manulife REIT, after falling for a while, was suddenly given a breadth of fresh buying air and climbed 5%. 

YZJ shipbuilding, continued its downward momentum and slid another 4%. 8% drop for a blue chip in 2 days, ouch. The sudden drastic fall most likely could be due to profit taking and portfolio re-balancing since it has ran up so much this year. China sunsine, too, suffered another tiny blow and closed below 0.9. 

More interestingly, both stocks that jumped yesterday on good news, Trendlines and Alliance Mineral, fell on quick profit taking on higher volumes than yesterday. Noble Group, on the other hand, bounced from clouds of negativity, perhaps partially aided by short squeeze. The arena is turning more like a playground, where BBs could simply turn the direction of the tide against retailers' pool. 

Duty Free International, continued to struggle despite decent results and close at 0.26, a two-year low. Nico steel, similarly, was dumped to a rock bottom of 0.005. 

Correction seems to have already taken place in quite a lot of stocks, where they fell one-by-one to 3-month low, 6-month low, 1-year low; erasing gains obtained in previous bullish months. Where will we head to when the old US bull turns lethargic?

2017-11-28:
With SSE finally closed green in the afternoon, STI also recovered slightly in the afternoon. Most advancing stocks were driven by the good news, and STI was mainly carried by OCBC, which climbed 1.74%.

Stocks	Prev Close	Open	Close	High	Low	+/-	+/- (%)	Value
Geo Energy Res	0.255	0.26	0.26	0.27	0.255	0.005	1.96%	12.5mil
Ying Li Intl	0.15	0.161	0.151	0.164	0.151	0.001	0.67%	6.4mil
YZJ Shipbuilding	1.67	1.66	1.59	1.66	1.58	-0.08	4.79%	29.5mil
Trendlines	0.145	0.148	0.16	0.16	0.148	0.015	10.35%	2.8mil
OCBC	12.09	12.15	12.3	12.3	12.15	0.21	1.74%	108mil
Alliance Mineral	0.31	0.325	0.325	0.335	0.315	0.015	4.84%	2.5mil
Samurai	1.12	1.2	1.23	1.23	1.2	0.11	9.80%	0.4mil
Unusual	0.755	0.76	0.785	0.795	0.76	0.03	3.98%	1.5mil
Imperium Crown	0.069	0.071	0.071	0.075	0.069	0.002	2.90%	1.4mil
KSH	0.81	0.81	0.775	0.81	0.765	-0.035	4.30%	2.9mil
Lian Beng	0.775	0.77	0.745	0.77	0.735	-0.03	3.87%	3.2mil
Chasen	0.078	0.078	0.076	0.078	0.061	-0.002	-2.56%	0.4mil

Geo Energy Resource was traded with highest volume in the year, due to a mega block of married deal, 44.65 mil shares transacted on $0.25. Whether this is enough to overturn the bearish trend remains to be seen. Ying Li International, after announcing to sell its entire stake in a development project in Chongqing's CBD to China Evergrande, opened strongly at 0.161, but was brought down unfortunately to close at only 1 pip higher. With only 100k short sell value in 6.4 mil values transacted, the price were most probably being suppressed by BBs. 

YZJ shipbuilding, downed 5%, in tandem with continual SSE's pullback. Trendlines, soared 10% after company under its portfolio, Aquinovo signs deal with Neovia for US$1.5m. The rapid rise was mostly likely aided by trend traders and its recent suppressed price despite recent good news (MOU with National Healthcare Group, exit MitrAssist, implementation of expense reduction plan and dividend policy). 

Alliance mineral, also rose 5% after announced that its lithium production in Bald Hill is on track, negating the previous negative sentiments about the company's management after they failed to collect consideration on time. 

Samurai, a rather strange illiquid stock, rose 10% after announced that they are placing 10mil new shares at $1.008 for business development. With about 10% share dilution and new shares issued at 10% discount to average price, logically speaking the stock should fall like how YZJ fell after placement call, and yet it rose 10%. Seems like some parties just keep pushing the price up since their IPO and made it "the best performing IPO of 2017", without many people actually profited from it. 

And even more strange, was Unusual and Imperium Crown's price action. They have entered a non-binding MOU in working together, so Unusual rose 4%, and yet Imperium Crown increased only 2 pip, 4 pip down from its day high. You can't avoid thinking that a lot of tiny cap counters here are like Ying Li, Trendlines and Imperium Crown; with BBs holding the price setting right tightly. Their short term rise or fall is not governed by fundamentals, since BBs don't necessary push the price up on good news, but most likely the opposite. The only certain time when they push the price according to fundamentals are when the news are bad news. 

Most property counters fell today, with GaoBeidian brothers: KSH and Lian Beng dropped the most.

Chasen was pushed down hard all the way from 0.078 to 0.061, but managed to recover strongly to close 2 pip down. It's hard to say will it gain momentum to go upwards, but more or less the bottom is established.

2017-11-27:
Market was still weak and trying to recover from SSE's sneeze.

Stocks	Prev Close	Open	Close	High	Low	+/-	+/- (%)	Value
Midas	0.148	0.152	0.157	0.164	0.152	0.009	6.08%	5.3mil
Lippo Malls Tr	0.43	0.435	0.41	0.435	0.39	-0.02	-4.65%	13.1mil
Keppel REIT	1.2	1.2	1.25	1.25	1.2	0.05	4.17%	16.7mil
MindChamps	0.92	0.93	0.96	0.99	0.925	0.04	4.35%	9.5mil
RH PetroGas	0.089	0.09	0.1	0.1	0.09	0.011	12.36%	0.1mil
CityDev	12.24	12.33	12.5	12.55	12.27	0.26	2.12%	27.0mil
ComfortDelGro	2.04	2.04	2.08	2.08	2.04	0.04	1.96%	8.2mil
ST Engineering	3.26	3.28	3.3	3.3	3.26	0.04	1.23%	10.4mil
Jardine C&C	39.53	39.7	40.04	40.15	39.59	0.51	1.29%	7.8mil
Jumbo	0.58	0.575	0.565	0.575	0.555	-0.015	-2.59%	1.2mil

Midas, after recent steep fall, made a dead cat bounce of 6%, providing a breather for previous shareholders to escape with lesser loss. 

Lippo Malls Trust, fell sharply (-4.6%) after the volcano eruption in Mount Agung, Bali; of which its Lippo Mall Kuta's businesses might get affected. On the other hand, Keppel REIT rose 4% without any news; MindChamps also gained 4% on the second day after a disappointing debut. But their increases in price was nothing compared to RH PetroGas, which shot up 12%. With no news announced for this counter as well, most likely the increase was due to TA riders. Jumbo also down slightly after reported flat results. 

Quite a few blue chips, like CityDev, CDG, ST Eng, and Jardine C&C advanced in this weak environment.