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A place for the Singapore investment community to share information and updates
Curated Headlines for 21 October 2024
South China Morning Post
China EVs: extended range hybrids are a new favourite among Chinese car buyers
Once shunned by EV makers, extended range technology is booming as consumers look to overcome ‘range anxiety’
https://www.scmp.com/business/china-evs/article/3283085/china-evs-extended-range-hybrids-are-new-favourite-among-chinese-car-buyers?module=top_story&pgtype=section
Hong Kong IPOs to underpin blockbuster week in Asia as ‘animal spirits’ return
China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively
https://www.scmp.com/business/markets/article/3283099/hong-kong-ipos-underpin-blockbuster-week-asia-animal-spirits-return?module=top_story&pgtype=section
SHK, New World launch homes in Guangzhou as China’s property market shows sign of recovery
Companies experienced a surge in showroom visits during China’s ‘golden week’ holiday earlier this month
https://www.scmp.com/business/china-business/article/3283094/hong-kong-developers-offer-more-homes-catch-hot-demand-mainland-projects?module=top_story&pgtype=section
The Wall Street Journal
AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion
Search-based chatbot seeks to raise about $500 million in what would be its fourth funding round in a year
https://www.wsj.com/tech/ai/ai-startup-perplexity-in-funding-talks-to-more-than-double-valuation-to-8-billion-54d36787?mod=hp_lead_pos5
Wall Street’s Scrappy Underdog Has an Ambitious Plan to Make It Big
Jefferies is doubling down after other investment banks retreated
https://www.wsj.com/finance/banking/jefferies-investment-bank-strategy-f7eb1f57?mod=hp_lead_pos6
Cargo On-Time Rates Are Dismal. Two Shipowners Have a Plan to Fix That.
In new alliance, Maersk and Hapag-Lloyd aim to cut docking costs and improve on-time performance
https://www.wsj.com/business/logistics/shipping-cargo-gemini-214d31f3?mod=hp_listb_pos3
The Business Times
Bitcoin resumes push towards US$70,000 after setting fresh high
https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-resumes-push-towards-us70000-after-setting-fresh-high
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-prices-fall-weekly-7-drop-china-demand-woes-mixed-mideast-outlook
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route
https://www.businesstimes.com.sg/companies-markets/transport-logistics/perus-chinese-built-mega-port-soft-launch-late-november-shanghai-route
China cuts benchmark loan prime rates by 25 basis points
https://www.channelnewsasia.com/business/china-cuts-benchmark-loan-prime-rates-25-basis-points-4691161
Maybank IBG "Regional Trader's Almanac" 21 October 2024
SPX 500 Index: Positive earnings push index to another weekly high
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade MY on Apple Store and Google Play.
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#MaybankIBGTA
StocksBNB
Keppel DC REIT – Rental reversions remain robust in 3Q24
➖ @stocksbnb ➖
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FW: [Maybank IBG Research] Today's Research - Singapore
Early trade data from South Korea, global trade barometer, show slowing export growth
https://www.straitstimes.com/business/economy/early-trade-data-from-south-korea-global-trade-barometer-show-slowing-export-growth
[Post 808] Public transport fee hikes: How are they calculated? | Deep Dive podcast
Summary This episode of Deep Dive was recorded on 17 September 2024. https://thefinance.sg/?p=1651656
Maybank IBG Kopi-O (21 Oct 2024)
The S&P 500 gained 0.85% WoW, with highlights on the financial sector, up 2.39% WoW, driven by strong earnings from major players like BAC (+0.88%) and GS (+2.36%). Looking ahead, TSLA and GM are set to announce their earnings this week. The KLCI (+0.28%) also ended on a positive note, buoyed by optimism surrounding the Budget 2025. We remain bullish on the Property sector (+0.79%), with stocks like SPSETIA (+2.16%), ECOWLD (+2.17%) and IOIPG (+0.00%) likely to maintain their positive momentum.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Trade Your Way Forward. Simple, Smart and Seamlessly.
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#MaybankIBGDailyKopi
TRADING IDEAS: 🇭🇰 HONG KONG
21 October 2024
🏭 CSC Financial Co Ltd (6066 HK): Resuscitating the economy
Entry – 9.20 Target 10.60 Stop Loss – 8.50
💠 CGN Mining Co Ltd (1164 HK): Growing nuclear power demand
BUY Entry – 1.61 Target 1.90 Stop Loss – 1.45
➡️ Read More: https://www.kgieworld.sg/research/oct21hk24
@kgisg
Small Caps are Getting More Junky. Is that a Problem?
Bloomberg News Nir Kaissar has some bad news: The stock market, particularly for smaller… https://thefinance.sg/?p=1651651
Five stories to start your day:
1. Singapore will relook at listing rules if there are good companies that don’t meet certain requirements: SM Lee
2. DBS’s Piyush Gupta says only half of banks are making enough tech progress
3. Asian IPOs set for blockbuster week as ‘animal spirits’ return
4. Changi Airports International agrees to manage non-aeronautical commercial operations at Haikou Meilan International
5. Mega-projects like Changi Airport T5 could drive up construction costs in S’pore next year: Surbana Jurong
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
Technical Analysis: 21 October 2024
🇸🇬 SG
StarHub Ltd. (STH SP)
Banyan Tree Holdings Ltd. (BTH SP)
🇭🇰 HK
Agricultural Bank of China Ltd (1288 HK)
Bank of Communications Co Ltd (3328 HK)
Read More: https://www.kgieworld.sg/research/oct21ta24
@kgisg
Chinese non-bank liquidity tightens as investors rush to stocks
https://www.businesstimes.com.sg/international/global/chinese-non-bank-liquidity-tightens-investors-rush-stocks
Frasers Centrepoint Trust Will Report its FY2024 Earnings This Week: What Can Investors Expect?
The retail REIT is slated to report its full-year earnings later this week. Can income investors expect an increase in its DPU?
📌 https://thesmartinvestor.com.sg/frasers-centrepoint-trust-will-report-its-fy2024-earnings-this-week-what-can-investors-expect/
Will the T-bill yield stay above 3% in the auction on 24 Oct?
https://growbeansprout.com/t-bill-auction-24-oct-2024
iFAST Daily Brew ☕️ - 21 Oct 2024
S&P 500 sets record, longest weekly win streak of 2024
S&P 500: 0.40% 📈
NASDAQ: 0.63% 📈
STOXX 600: 0.21% 📈
Nikkei 225: 0.18% 📈
Hang Seng: 3.61% 📈
CSI 300: 3.69% 📈
STI: 0.41% 📈
3 Things You Need To Know
1. The US budget deficit expanded to $1.83 trillion for fiscal year 2024, marking the largest shortfall outside of the COVID-19 era, with interest payments on federal debt surpassing $1 trillion for the first time.
2. China's economy grew by 4.6% y/y in the third quarter of 2024, slightly down from 4.7% in the second quarter. Despite the slower growth, September's retail sales, unemployment, and industrial production data indicated a rebound in economic activity towards the end of Q3 2024.
3. Netflix gained 5.1 million streaming subscribers in the third quarter, surpassing Wall Street expectations by over 1 million. The company also projected increased customer growth during the holiday season with the return of the popular Korean drama "Squid Game."
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Singapore shares open almost flat on Monday; STI down slightly 0.04%
https://www.businesstimes.com.sg/companies-markets/singapore-shares-open-almost-flat-monday-sti-down-slightly-0-04
Singapore REITs Monthly Update (October 12th, 2024)
https://mystocksinvesting.com/singapore-reits/singapore-reits-monthly-update-october-12th-2024/?utm_source=rss&utm_medium=rss&utm_campaign=singapore-reits-monthly-update-october-12th-2024&utm_source=rss&utm_medium=rss&utm_campaign=singapore-reits-monthly-update-october-12th-2024
StocksBNB
Trade of The Day: Pacific Radiance Ltd (SGX: RXS)
➖ @stocksbnb ➖
Frasers Centrepoint Trust Will Report its FY2024 Earnings This Week: What Can Investors Expect?
The REIT reporting season has arrived once again, with Parkway Life… https://thefinance.sg/?p=1651660
Travelers are interested in visiting lesser-known destinations in 2025
https://www.cnbc.com/video/2024/10/21/travelers-are-interested-in-visiting-lesser-known-destinations-in-2025.html
XS Review: Is It a Good Forex Broker?
Retail foreign exchange, aka Forex, is a global phenomenon with growing appeal since trading… https://thefinance.sg/?p=1651642
TRADING IDEAS: 🇺🇸 UNITED STATES
21 October 2024
🏭 Affirm Holdings Inc (AFRM US): Growth of BNPL services
BUY Entry – 43 Target – 47 Stop Loss – 41
📑 PayPal Holdings Inc (PYPL US): Spending to rise
BUY Entry – 78 Target – 86 Stop Loss – 74
➡️ Read More: https://www.kgieworld.sg/research/oct21us24
@kgisg
Mongolia has attracted 700,000 visitors in 2024, says tourism minister
https://www.cnbc.com/video/2024/10/21/mongolia-has-attracted-700000-visitors-in-2024-says-tourism-minister.html
Investing Your Supplementary Retirement Scheme Account?
Supplementary Retirement Scheme, or SRS for short, was introduced in 2001 and it is… https://thefinance.sg/?p=1651645
TRADING IDEAS: 🇸🇬 SINGAPORE
21 October 2024
🏢 Tianjin Pharmaceutical Da Re Tang Group Corp Ltd (TIAN SP): Enhancing the world’s second-largest pharmaceutical market
BUY Entry – 2.4 Target– 2.6 Stop Loss – 2.3
🏬 Oversea-Chinese Banking Corp Ltd (OCBC SP): Increased banking activity
BUY Entry – 15.2 Target– 16.6 Stop Loss – 14.5
➡️ Read More: https://www.kgieworld.sg/research/oct21sg24
@kgisg
Top Stories, 21 October 2024
1. Asia-Pacific markets mixed as investors await China loan prime rate announcement
https://www.kgieworld.sg/research/k9dc
2. SGX FTSE China A50 Index Futures is the world’s only USD-denominated futures offering investors an efficient way to access China A-share market. With SGX's extended trading session, investors can manage their Chinese A-shares risk round-the-clock.
Find out more:
https://www.kgieworld.sg/futures/sgx-a50
3. China’s regulators chime in on charm offensive to maintain market momentum as growth stalls
https://www.kgieworld.sg/research/1elu
4. Bitcoin Dominance Overshadows Several Important Crypto Trends
https://www.kgieworld.sg/research/vgk8
5. Five Key Charts to Watch in Global Commodity Markets This Week
https://www.kgieworld.sg/research/7fcg
6. Gold Price Forecast: XAU/USD hits another record high above $2,700
https://www.kgieworld.sg/research/jqnd
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T-bill yield dives as US stocks soar: Weekly Market Recap
https://growbeansprout.com/weekly-update-19-oct-2024
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OIR Keppel DC REIT (KDCREIT SP) - Another quarter of outsized positive rental reversions
DBS CEO Piyush Gupta says only half of banks making enough tech progress
https://www.straitstimes.com/business/dbs-ceo-piyush-gupta-says-only-half-of-banks-making-enough-tech-progress