Monday, 29 August 2016

Watchlist: Sheng Siong

There are a few considerations to evaluate a stock. First, we need to analyse the company using Fundamental Analysis. We look at the financials (income and debt). A company with good management will see that the company earnings or profits to increase Y.O.Y. Second, a good company will ensure that it has NO debt or low debt. A company with competent management team will be actively seeking organic and inorganic growth. One such local company is Sheng siong. The stock share price has been on the uptrend. With the recent venture in China market, it will create good earnings for the company moving forward. Sheng siong is on my watchlist and waiting for correct opportunity to long. TA analysis- near to 20 days support level ($1.03)

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