Everyone thought that Phase 1 is a done deal given President Trump statements. The Chinese have second thoughts. They wanted more details and seeking for another meeting before the UN meeting in Chile in end of October.
It is so typical of the Chinese and President Trump. Counting the chicken before they are hatched and always looking for a better deal.
I am quite permisstic about the whole trade negotiation. I think it is like to fall apart. The market has been cautious since the start of the trading week.
Everyone appears to be to tender hooks on the response from USA.
The market is lifeless as well. Not much movement.
Let's take a look at SembCorp. There is an annoucement for the Q3 results on the 14th November. The stock is drifting with moderate volumes. Directionless.....
 |
| SembCorp Week Stock Chart |
The day chart shows gradualar activties in picking up the stock.
SembMarine is the worst of the three. Low volume and trending lower.
 |
| SembMarine Week Stock Chart |
 |
SembMarine Day Stock Chart
|
|
There is weakness in Keppel stock. Results is out soon. Doubt it will be good.
 |
| Keppel Day Stock Chart |
Please see my disclaimer in my blog...
Comments
Post a Comment