Top 5 stocks traded by our customers

November 2020 SG Market

DIGITAL ENGAGEMENT TEAM

All data are from Bloomberg and OCBC Securities unless otherwise stated. Information extracted as of 27 Nov 2020*. Trendlines drawn on price charts are a visual representation of support & resistance levels. They are
drawn by connecting a series of prices together to help indicate the data’s best fit or the presence of any trend over a time frame, and are for illustration purposes only.
Only companies with Market cap above SGD 200million will be considered.
Quick Stock Highlights Technical Levels & Charting
• Mixed reactions in the market to DBS India’s proposed 28
takeover of cash-strapped Lakshmi Vilas Bank, over 24
concerns of its weight on DBS’s dividend trajectory

1 • Deal has been formally approved by India’s central bank,

and is effective as of 27th Nov. DBS will inject S$463m of
additional capital into DBS India
• DBS stock rose +20% in the last 30* days, but still -0.77%
Jan Apr Jul Oct
20

16

DBS down year-to-date Resistance Support

• Interim dividend of S$0.18 declared on 5th Nov 2020, 26.40 (21 Jan 2020) 23.60 (13 Nov 2020)
28.60 (30 Apr 2019) 22.30 (11 Mar 2020)
payable 29th Dec 2020
28
• UOB plans to issue EUR 1b in 7-year covered bonds, to pay 24
0.01% coupon on bonds due 2027. The deal is about 2

2 times subscribed
• UOB stock rose +17% in the last 30* days, but still -12.68%
down year-to-date Jan Apr Jul Oct
20

16

UOB Resistance Support

23.60 (6 Mar 2020) 22.50 (13 Mar 2015)
24.20 (28 Aug 2019) 21.50 (7 Jul 2020)

12
• Lion Global Investors and OCBC Securities will list 11
Singapore’s first technology focused ETF which tracks the 10

3 Hang Seng TECH Index. Listing date for the HK technology

ETF will be on 10 December 2020, to be denominated in
both SGD and USD
• OCBC stock rose +17% in the last 30* days, but still -7.56%
Jan Apr Jul Oct
9
8

OCBC down year-to-date Resistance Support

10.50 (29 Aug 2020) 10.00 (9 Jun 2020)
11.20 (24 Jan 2020) 9.50 (6 Jul 2020)

• The company is now churning out 80 million medical masks

and 18 million gowns monthly, from production facilities in

4
Cambodia, China and the Philippines. Singapore, Taiwan
and the Philippines are among its biggest markets (30 Nov,
Business Times)
• Medtecs CEO buys 1 million shares on open market (23
Medtecs Nov, Business Times)
Resistance Support
1.10 (3 Nov 2020) 0.95 (27 Nov 2020)
0.86 (26 Nov 2020)
7
• Hong Kong-Singapore travel bubble was suspended for 2
6
weeks on the eve of its intended debut on 22 Nov 2020

5 • SIA returns to credit market for a 2nd time in November,

with a private placement of S$500m of 3.5% 10-year bonds
• Singapore may have a Covid-19 vaccine by early 2021,
Jan Apr Jul Oct
5
4
3
commits close to $300m to make and buy vaccine (Straits
Singapore Times, 10 Nov 2020) Resistance Support
Airlines • SIA stock rose +26% in the last 30* days, but still -29.19%
down year-to-date
4.50 (4 Jun 2020)
5.00 (6 May 2020)
4.20 (11 Jun 2020)
3.80 (13 Nov 2020)
 Top 5 stocks traded by our customers
November 2020 US Market
DIGITAL ENGAGEMENT TEAM

All data are from Bloomberg and OCBC Securities unless otherwise stated. Information extracted as of 26 Nov 2020*. Trendlines drawn on price charts are a visual representation of support &
resistance levels. They are drawn by connecting a series of prices together to help indicate the data’s best fit or the presence of any trend over a time frame, and are for illustration purposes only.
Quick Stock Highlights Technical Levels & Charting
600
• Tesla CEO Elon Musk recently mentioned efforts to bring 400
long range electric cars in the coming years. Tesla aims to

1 improve existing models to 700km of range, and has cars

under development that target to reach 1,000km of range
• Tesla will be included into the S&P500 index by 21 Dec
2020, which Bloomberg estimates a potential of US$8b of
Jan Apr Jul Oct
200

Tesla demand from US large cap mutual funds

Resistance
Northeast Securities has
Support
445.00 (18 Nov 2020)
• Tesla rallied +35% in the past 30* days, +586% year-to-date the most bullish target 400.00 (24 Jun 2020)
price @ 700.00
60

• The Shanghai-based electric vehicles producer NIO’s 40

market cap recently surpassed General Motors and

2
20
German carmaker BMW
• NIO could deliver 100,000 vehicles in 2021, according to 0
several research firms and analysts Jan Apr Jul Oct
• NIO shares are up +19% in the past 5* days and rose +89% Resistance
NIO Inc - ADR in the past 30* days Credit Suisse has the
Support
44.00 (12 Nov 2020)
most bullish target price 41.00 (16 Nov 2020)
@ 60.00

600
• Zoom Video Communications Inc must implement a new 400
information security program as part of its proposed

3 settlement with US regulators over user privacy issues

(CNA, 10 November 2020)
• Zoom shares fell -18% in the past 30* days, continuing its
slide from its 52-week intraday high achieved on 19 Oct
Jan Apr Jul Oct
200

ZOOM Inc 2020 Resistance Support

440.00 (2 Nov 2020)
505.00 (6 Nov 2020)
530.00 (23 Sep 2020) 390.00 (18 Nov 2020)

100
• Moderna CEO Stephane Bancel said they will charge
70
governments between US$25 and US$37 per dose for its

4 Covid-19 vaccine, pending on the volumes ordered. The

European Commission wanted to seal the deal with
Moderna for million of doses for below US$25 per dose
• Moderna rose +54% in the past 30* days and +436% year-
Jan Apr Jul Oct
40

10

Moderna to-date, hitting a new 52-week high on 25 Nov 2020

Resistance
Piper Sandler has the Support
most bullish target price 95.00 (20 Nov 2020)
@ 166.00 88.80 (18 Nov 2020)

140
• Apple said companies that offer digital classes through
110
iPhone apps won’t have to pay Apple’s 30% App Store

5 commission fee on in-app purchases through June 2021, an

extension from December (CNBC, 23 Nov 2020)
• Foxconn to move some Apple production to Vietnam,
reportedly to diversify production (Reuters, 26 Nov 2020)
Jan Apr Jul Oct
80

50

Apple • Apple advanced +73% in the past 52 weeks, vs Russell 3000

Resistance
120.80 (16 Nov 2020)
Support
107.60 (2 Nov 2020)
Computer Hardware Subsector which gained +67% 52-week high @ 134.18 96.00 (7 Jul 2020)
on 1 Sep 2020
 Top 5 stocks traded by our customers
November 2020 HK Market
DIGITAL ENGAGEMENT TEAM

All data are from Bloomberg and OCBC Securities unless otherwise stated. Information extracted as of 27 Nov 2020*. Trendlines drawn on price charts are a visual representation of support &
resistance levels. They are drawn by connecting a series of prices together to help indicate the data’s best fit or the presence of any trend over a time frame, and are for illustration purposes only.
Quick Stock Highlights Technical Levels & Charting

310
• Hong Kong to expand China trading link to STAR Board,
biotech stocks, to facilitate both local and foreign investors 260

1 to access a wider range of securities

• Alibaba and JD.com were excluded earlier from the stock
link as part of an earlier agreement by the mainland and
Hong Kong exchanges Jan Apr Jul Oct
210

160

Alibaba • Alibaba gained 6.6% in the past 5* days, but is still -10% Resistance
275.20 (28 Aug 2020)
Support
260.50 (23 Nov 2020)
down in the past 30* days. 52-week high of 307.40 was
52-week high @ 307.40 246.00 (19 Nov 2020)
previously achieved on 28 Oct 2020
on 28 Oct 2020

• Tencent is investing approximately US$150m in Waterdrop 600

Inc, to bankroll its startup expansion in health-care
500

2
crowdfunding
• Alibaba, Tencent put talks to buy iQiyi stake on hold 400
(Reuters, 27 Nov 2020) 300
• Tencent is down -0.3% in the past 30* days Jan Apr Jul Oct

Tencent • Analysts Consensus 12M target price (49/62) at $682.09, Resistance Support
17.0% potential upside Jefferies has the most 558.00 (20 Oct 2020)
bullish target price @ 522.20 (5 Oct 2020)
721.00
240
• Didi Chuxing will begin rolling out an electric vehicle 180
developed with BYD to its drivers in coming months, aiming 120

3
to reduce costs throughout the world's largest ride-hailing
60
network. China's Didi already hosts around 1 million EVBs
0
in its network (16 Nov, Bloomberg)
Jan Apr Jul Oct
Resistance
BYD China Merchants Sec has
Support
173.80 (20 Nov 2020)
the most bullish target 157.00 (11 Nov 2020)
price @ 340.00
350
• Meituan is considering a secondary listing on China, which 250
could come as early as 2021. The firm is heard to be in

4 preliminary discussions with several brokers like CITIC

Securities, Huatai Securities and Huajing Securities
• Meituan will be included in the flagship Hang Seng Index,
effective date on 7 Dec 2020
Jan
Resistance
Apr Jul Oct
150

50

Meituan • Meituan rebounded +15.56% off its near-term low of 321.50 (16 Nov 2020)
Support
288.00 (19 Nov 2020)
270.00 on 11 Nov 2020, last price at 312.00 52-Week High @ 335.20
271.60 (11 Nov 2020)
on 9 Nov 2020

45
• The Trump administration is poised to add chipmaker SMIC

5
and offshore oil-and-gas explorer CNOOC to a list of firms 30
blocked from American investment due to military ties, 15
Reuters reported, in the latest U.S. swipe at Beijing before
0
President-elect Joe Biden takes office (30 Nov, Bloomberg)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Semiconductor Resistance Support
Manufacturing 22.30 (4 Sep 2020)
24.00 (24 Aug 2020)
21.00 (7 Sep 2020)
20.00 (16 Oct 2020)
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