28 August 2013
EWS - iShares MSCI Singapore ETF
Started to accumulate stock index ETF - EWS(iShares MSCI Singapore ETF) at US$12.32 per unit on 27 Aug 2013.
Assessment
PE at 14, neither cheap nor expensive; Price NAV ratio at 0.90, not too cheap; 5-year high at 14.7, paid price 12.32 is not too cheap at 84% of it;
An intermediate correction from 14.7 to 12.26 in the form of three waves ABC does not looks close to completion, C needs to be as long as A or longer than A;
Daily chart RSI 14 is at about 13.3, severely oversold;
MACD not at oversold area, looks more room to drop, not below or close to 1 year, 2 years, 5 years low.
However, I'm almost in cash position at this moment. It is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EWS - iShares MSCI Singapore ETF
Overall Portfolio Composition (%)
Stocks: 99.63
Bonds: 0.00
Top 10 Holdings (64.63% of Total Assets)
Company Symbol % Assets
DBS D05.SI 11.09
SingTel Z74.SI 10.99
Oversea-Chinese Banking Corp Ltd OVCHF.SI 10.46
UOB U11.SI 9.74
Keppel Corp Ltd KPELF.SI 6.47
Capitaland C31.SI 3.47
Genting SP G13.SI 3.45
F & N F99.SI 3.29
Jardine C&C C07.SI 2.95
SPH T39.SI 2.72
Ratio
Average Price/Earnings 14.41
Average Price/Book 1.13
Average Price/Sales 1.29
Average Price/Cash flow 14.81
Assessment
PE at 14, neither cheap nor expensive; Price NAV ratio at 0.90, not too cheap; 5-year high at 14.7, paid price 12.32 is not too cheap at 84% of it;
An intermediate correction from 14.7 to 12.26 in the form of three waves ABC does not looks close to completion, C needs to be as long as A or longer than A;
Daily chart RSI 14 is at about 13.3, severely oversold;
MACD not at oversold area, looks more room to drop, not below or close to 1 year, 2 years, 5 years low.
However, I'm almost in cash position at this moment. It is time to begin to accumulate by probing buy for expected technical rebound.
Basic Information on EWS - iShares MSCI Singapore ETF
Overall Portfolio Composition (%)
Stocks: 99.63
Bonds: 0.00
Top 10 Holdings (64.63% of Total Assets)
Company Symbol % Assets
DBS D05.SI 11.09
SingTel Z74.SI 10.99
Oversea-Chinese Banking Corp Ltd OVCHF.SI 10.46
UOB U11.SI 9.74
Keppel Corp Ltd KPELF.SI 6.47
Capitaland C31.SI 3.47
Genting SP G13.SI 3.45
F & N F99.SI 3.29
Jardine C&C C07.SI 2.95
SPH T39.SI 2.72
Ratio
Average Price/Earnings 14.41
Average Price/Book 1.13
Average Price/Sales 1.29
Average Price/Cash flow 14.81
Labels: ETF, Live Trading Records, plan
