The week end with a note higher with Donald Trump declaring the trade war discussion with China to be a success. Phase 1 is a success with more phases to come.
In the mid east, tension are rising again as Saudi attacks the Iran tanker with USA sending more troops to Saudi. Oil rises over night.
How did these oil related counters do for the week? It started bullish due to the optimism to the trade war outcome.
Keppel is the best performing stock for this week. It rose from 5.8 to end the week above 5.97. It is positive run with good volume.
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| Keppel Week Stock Chart |
SembCorp fair poorer but ended the week higher. Volumes look good.
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SembCorp Week Stock Chart
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SembMarine volumes are low despite inching up higher.
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| SembMarine Week Stock Chart |
Singtel has a nice run on the last day of the trading week. There is a depressing article about them potentially reducing the dividends.
Starhub is flat for the week.They announced about expanding into the data centre space. It was positive for a while but there was no follow through.
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| Starhub Week Stock Chart |
Next week likely to have a positive follow through with oil related counters to see more activity due to the mid east tensions.
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