Strong support at $0.30 & $0.305. Nam Cheong should be moving up soon with SGM and dividends coming !

I mean to burst and move upwards , ie : cheong.

Look out for this one, it has been waiting to burst up !

Singhaiyi - Investing In Undervalued US Assets
We initiate coverage on Singhaiyi with a BUY and a target price of S$0.240, pegged to a 20% discount to our RNAV/share. We see potential upside from more earnings-accretive acquisitions.
INVESTMENT HIGHLIGHTS
Buying jewel assets at bargain prices. 
Sold-out property developments provide good earnings visibility. 
Shifting its focus.
Net profit to surge.


Valuation
We initiate coverage on Singhaiyi with a BUY and a target price of S$0.24, pegged to a 20% discount to our RNAV/share. 

This is based on: 
a) discounted cash flow (WACC: 8.0%) from the sale of its development properties, and 

b) the revaluation of its investment properties on rental assumptions. 

We estimate property selling prices and construction costs based on external sources and publicly available data. In our valuation, we have priced in all its developments on hand, including the newly-bid executive condominium (EC) project at Anchorvale, Sengkang, that has yet to be launched.

We set a 20% discount to our RNAV of S$0.30 to take into account potential execution risks in property development, possible delays due to market conditions and regulatory risks from any new property cooling measures by the government. (Read Report)   ...last:$0.177...

Source : UOB KayHian Research

As expected, Genting went up to $1.435 before profit taking set in and closed at $1.415 , still higher than last Fri.

Genting shot up to $1.39 before close today due to news of Genting and Chinese Property Developer , Landing Int'l who will jointly develop a $2.2 billion casino resort in Jeju Island, South Korea . According to Rueters, Landing Int'l shares has doubled for the last 2 weeks, Genting shares should move up too with this good news and coming earning announcement on 20 Feb.

Everything goes up will come down, likewise, everything goes down will come up. Hold on guys.