Friday, 4 May 2018
Funds Flow Analysis of AusNet Services: 4 May 2018, Friday, 4.50pm Singapore Time
4 May 2018, Friday, 4.50pm Singapore Time
(Click on FFA Chart Above to Expand)
Attached above is the Long Term Funds Flow Analysis of AusNet Services, an Australian energy company that is dual listed both in the Singapore SGX and the Australia ASX. AusNet Services is currently owned 31.1% by Singapore Power, 19.9% by State Grid Corporation of China and the other 49% publicly owned. Singapore Power is wholly owned by Singapore investment fund Temasek which in turn is wholly owned by the Singapore government. State Grid is the state-owned electric utility monopoly of China and the largest utility company in the world. This shows the quality of AusNet such that it has powerful backers. With such a funds flow posture currently set up, I foresee AusNet breaking up long term resistance of $2.00 with relative ease.