GENSP: Grossly oversold but still no signs of reversal yet

Although technically extremely oversold, there could be downside bias ahead of its 2Q12 results (10 Aug) as investors will remain sidelines. For risk takers, there could be trading opportunities if share prices fall further to more solid supports near SGD1.10 (123.6% FR from low 1.22 and high 1.74) and SGD1.02 (138.2% FR).
Immediate resistance is SGD1.30 (10-d SMA). A reversal will happen if there is a strong breakout above will 1.30. Further upside targets are 1.38 (50-d SMA) and 1.48 (50% FR). RM1.36 (50% FR). Cut loss below SGD1.00.

Source: Hong Leong Investment Bank Research - 30 July 2012

GenS : Broken support of SGD1.28, checking SGD1.15 next.


http://klse.i3investor.com/blogs/cpteh/14924.jsp

Since the price already so low now. It is time to collect some?

Price target reduced to $15.5 by Maybank Kim Eng. It is time to take profit?

"2Q12 results, due Aug 7, are likely to be softer QoQ, in our view. Some features that we expect include a) stable loan expansion, b) a normalization of trading income and c) QoQ NIM contraction. The stock has outperformed its peers YTD (+22% vs 20% for DBS, 12% for OCBC). However, valuations are no longer cheap, in our view, with the stock trading at a 2012 P/BV of 1.4x for an ROE of 11.5% vs 1.1x for DBS (10.8% ROE) and 1.4x for OCBC (12.2% ROE). Our TP of SGD15.50 (P/BV 1.1x) is maintained."

Soy Bean Production in US impacted.

US: Worst-in-generation drought dims farm economy hopes
A worst-in-a-generation drought from Indiana to Arkansas to California is damaging crops and rural economies and threatening to drive food prices to record levels. Agriculture, though a small part of the US$15.5trn economy, had been one of the most resilient industries in the past three years as the country struggled to recover from the recession. The Department of Agriculture declared July 11 that more than 1,000 counties in 26 states are natural-disaster areas, the biggest such declaration ever. The designation makes farmers and ranchers in affected counties'about a third of those in the entire country'eligible for low-interest loans to help manage the drought, wildfires or other disasters. (Bloomberg)

Waoh! a lot of investment house recommend this stock. Worth to consider buy in?