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A place for the Singapore investment community to share information and updates
iFAST Daily Brew ☕️ - 24 Dec 2024
Wall Street Gains on Tech Rally to Kick Off the Week, Asian Markets Rally following cooler US inflation data
🇺🇸 S&P 500: 0.73% 📈
🇺🇸 NASDAQ: 0.99% 📈
🇪🇺 STOXX 600: 0.14% 📈
🇯🇵 Nikkei 225: 1.19% 📈
🇭🇰 Hang Seng: 0.82% 📈
🇨🇳 CSI 300: 0.15% 📈
🇸🇬 STI: 0.87% 📈
3 Things You Need To Know
1. US equities traded higher, with the S&P 500 and Nasdaq Composite gaining 0.7% and 1%, fueled by a rally in semiconductor stocks as Nvidia and Broadcom shares surged.
2. President-elect Donald Trump has expressed support for allowing TikTok to continue operating in the US temporarily, citing its significant impact on his campaign by receiving billions of views.
3. Honda and Nissan have announced the start of merger discussions, aiming for completion by 2026, signaling a pivotal shift in Japan's automotive sector amid rising competition from Chinese electric vehicle manufacturers.
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Microsoft works to add non-OpenAI models into 365 Copilot products: sources
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/microsoft-works-add-non-openai-models-365-copilot-products-sources
Oil prices up in thin pre-Christmas trade
https://www.channelnewsasia.com/business/oil-prices-up-thin-pre-christmas-trade-4824126
Thai billionaire Charoen to retire as F&N chairman in 2025; Koh Poh Tiong to step up
https://www.businesstimes.com.sg/companies-markets/thai-billionaire-charoen-retire-fn-chairman-2025-koh-poh-tiong-step
When Investing, Watch Out for Risks Before You Consider the Rewards
📰 As Featured on BT 📰
Here are various risks that may surface as you venture into the stock market.
📌 https://thesmartinvestor.com.sg/when-investing-watch-out-for-risks-before-you-consider-the-rewards/
The Edge Singapore
Apology and undertaking to Mr K Shanmugam https://t.co/8UQ0tJ2Ikv
tweet
Apology and undertaking to Dr Tan See Leng
Read: https://link.theedgesingapore.com/C2mmbYNom7nMdzN18
Follow us on: @theedgesg
Thai billionaire Charoen to retire as F&N chairman in 2025
https://www.businesstimes.com.sg/companies-markets/thai-billionaire-charoen-retire-fn-chairman-2025
Five stories to start your day:
1. Medical group Tamarind Health offers to privatise TalkMed Group at 45.6 cents per share
2. OCBC lowers fair value for SingPost following termination of CEO, CFO
3. Higher minimum wages in Asean next year must come with labour productivity gains: OCBC
4. Geo Energy signs agreement for equity investment by ResInvest ahead of schedule
5. Oceanus disposes aquaculture farms in China for $19.2 mil
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
Wealth Product Ideas 🌱
24 December 2024
🌐 D 6 ⅞ 02/01/55 Corp. (US25746UDT34)
Read More: https://www.kgieworld.sg/research/dec24wpi24
What I have Learned from CapitaLand Ascott Trust’s Presentation
https://www.thesingaporeaninvestor.sg/2024/11/12/what-i-have-learned-from-capitaland-ascott-trusts-presentation/?utm_source=rss&utm_medium=rss&utm_campaign=what-i-have-learned-from-capitaland-ascott-trusts-presentation
CNBC Television (Youtube)
Mad Money - 12/23/24 | Audio Only
Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
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Biden launches new US trade probe into legacy Chinese chips, setting up Trump for tariffs
https://www.straitstimes.com/business/companies-markets/biden-launches-new-chinese-chips-trade-probe-will-hand-off-to-trump
Telegram profitable for first time after app pays down debts
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/telegram-profitable-first-time-after-app-pays-down-debts
CFIUS unable to reach consensus on Nippon Steel's US Steel bid, WaPo reports
https://www.channelnewsasia.com/business/cfius-unable-reach-consensus-nippon-steels-us-steel-bid-wapo-reports-4824021
Some in BOJ called for caution in raising rates, October minutes show
https://www.channelnewsasia.com/business/some-boj-called-caution-raising-rates-october-minutes-show-4824066
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FW: [Maybank IBG Research] Today's Research - Singapore
Bitcoin momentum ebbs heading into last stretch of record year
https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-momentum-ebbs-heading-last-stretch-record-year
Singapore shares rise at Tuesday’s open; STI up 0.2%
https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-tuesdays-open-sti-0-2
The Edge Singapore
Apology and undertaking to Dr Tan See Leng https://t.co/KaVoWCUaim
tweet
Apology and undertaking to Mr K Shanmugam
Read: https://link.theedgesingapore.com/cfYjzupcvswvG2RW6
Follow us on: @theedgesg
Some in BOJ called for caution in raising rates, Oct minutes show
https://www.channelnewsasia.com/business/some-boj-called-caution-raising-rates-oct-minutes-show-4824066
Technical Analysis: 24 December 2024
🇸🇬 SG
Geo Energy Resources Ltd. (GERL SP)
Rex International Holding Ltd. (REXI SP)
🇭🇰 HK
China Unicom (Hong Kong) Ltd. (762 HK)
China Mobile Ltd. (941 HK)
Read More: https://www.kgieworld.sg/research/dec24ta24
@kgisg
Top Stories, 24 December 2024
1. Asia-Pacific markets set to open higher after Wall Street gains on tech strength
https://www.kgieworld.sg/research/nh8e
2. Trade COMEX Gold futures and options contracts for a globally relevant, liquid financial instrument to help you hedge against inflation.
Find out more:
https://www.kgieworld.sg/research/CME_Gold
3. US consumer confidence falls as politics weigh on outlook
https://www.kgieworld.sg/research/lmo1
4. Oil prices ease on surplus concerns, dollar strength
https://www.kgieworld.sg/research/mktb
5. China’s Property Stock Rebound Faces a Reality Check in 2025
https://www.kgieworld.sg/research/i0pe
6. Gold Price Forecast: XAU/USD flat lines above $2,600 ahead of holiday trading week
https://www.kgieworld.sg/research/nen5
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CFIUS unable to reach "security risk" consensus on Nippon Steel's US Steel bid, WaPo reports
https://www.channelnewsasia.com/business/cfius-unable-reach-security-risk-consensus-nippon-steels-us-steel-bid-wapo-reports-4824021
F&N announces changes to its board for 2025
https://www.businesstimes.com.sg/companies-markets/fn-announces-changes-its-board-2025
Seatrium wins contract for deepwater new-build production unit
https://www.businesstimes.com.sg/companies-markets/seatrium-wins-contract-deepwater-new-build-production-unit
Stocks to watch: Seatrium, Sembcorp, F&N
https://www.businesstimes.com.sg/companies-markets/stocks-watch-seatrium-sembcorp-fn
ICPT Mechanism Unlikely to Impact TENAGA
Tenaga Nasional (TENAGA) stated in a Bursa Malaysia filing on 23 Dec’24 that the imbalance cost pass-through (ICPT) mechanism will not affect its operations or financial position.
The announcement follows the government’s decision to maintain electricity tariffs across Peninsular Malaysia under the ICPT for 1H25. The ICPT allows tariff adjustments based on changes in fuel and generation costs, reviewed biannually by the government.
TENAGA was the leading mover in the Bursa Malaysia Utilities Index contributing 3.12 points yesterday. Investors bullish on TENAGA may consider TENAGA-C2M, offering an effective gearing of 14.5x for leveraged exposure!
#WarrantsWatch