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A place for the Singapore investment community to share information, research and updates.
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We’ve officially moved to a new location! FSMOne is now located at 50 Raffles Place, Singapore Land Tower. Level 36.
For those making face to face appointments, please note our new address and we look forward to serving you from our fresh new space!
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[PREMIUM CONTENT] DBS sees ‘dividend surprise’ for FY2024, reinstates ‘buy’ call on Hong Leong Asia
Read: https://link.theedgesingapore.com/73aCZ3CdDSy22bpC7
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The Edge Singapore
DBS sees ‘dividend surprise’ for FY2024, reinstates ‘buy’ call on Hong Leong Asia https://t.co/SUkSUiUEIF
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Research Highlights
Leong Hup International
LHIB’s 2H24 outlook remains positive with stable poultry demand across its key countries of operations. For more information, check out today’s post for a quick overview of the report.
#ResearchHighlights
India cenbank chief warns against financial stability risks from growing use of AI
https://www.channelnewsasia.com/business/india-cenbank-chief-warns-against-financial-stability-risks-growing-use-ai-4676611
Income-Allianz deal off; government assesses it's 'not in the public interest'
https://www.channelnewsasia.com/singapore/ntuc-income-allianz-deal-singapore-government-edwin-tong-4675491
The Business Times (Youtube)
Lens on Daily: Headline news for Monday, October 14, 2024
The United States said overnight that it will send US troops to Israel along with an advanced US anti-missile system. A public inquiry into the death of a woman who Britain says was unwittingly killed by the Novichok nerve agent begins today. China is holding large-scale military exercises surrounding Taiwan and its outlying islands. North Korea’s artillery units near the border with South Korea have been ordered to be ready to fire. And in Singapore, the trial of Leader of the Opposition Pritam Singh has begun at the State Courts.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Lee Kim Siang / Claressa Monteiro (claremb@sph.com.sg (mailto:claremb@sph.com.sg) )
Recording engineer: Joann Chai Pei Chieh
Produced and edited by: Lee Kim Siang & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
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German economy in recession with no more growth seen in 2024
https://www.businesstimes.com.sg/international/german-economy-recession-no-more-growth-seen-2024
I've Failed Miserably to F.I.R.E.
https://www.reit-tirement.com/2024/10/ive-failed-miserably-to-fire.html
Macro Research: Market Outlook: Chinese stocks rally over 20%. Is it too late to enter?
• Beijing’s sweeping stimulus package has sparked a rapid rebound in Chinese stocks. For those with a higher risk appetite, China may still be viewed as a tactical position – a short-term bet that represents a small portion of a portfolio rather than an all-in approach.
• The better-than-expected September US jobs report highlights the labour market's resilience. Coupled with an uncertain disinflation path, we continue to remain cautious over expectations of aggressive monetary easing from the Fed.
• While Japan welcomes new PM Ishiba, the BOJ will maintain its autonomy in monetary policy. The BOJ is confident in Japan’s economic outlook, and as the country shifts away from decades of deflation and stagnation, the potential benefits will be significant.
• Major equity market indices reached historic highs in September. While some investors may hesitate to invest at these levels, it's crucial to focus on long-term potential. We remain bullish on markets like the US, Japan, and Singapore.
📖: Read the full article here
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Baht rally halts as Thailand campaigns for lower rates
Read: https://link.theedgesingapore.com/6eUtFZyRPv2QptiV9
Follow us on: @theedgesg
Bitter family feud plays out in South Korea for control of metals empire
https://www.straitstimes.com/business/companies-markets/bitter-family-feud-plays-out-in-south-korea-for-control-of-metals-empire
Low-cost hybrid tech gives Renault breathing space in tough EV transition
https://www.channelnewsasia.com/
Hot stock: Yangzijiang Shipbuilding’s shares fall following arbitration proceedings
https://www.businesstimes.com.sg/companies-markets/hot-stock-yangzijiang-shipbuildings-shares-fall-following-arbitration-proceedings
The Edge Singapore
Singapore-based ticketing company GlobalTix closes series B funding of $6.5 mil led by Tin Men Capital https://t.co/cqgyFinMNE
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The Edge Singapore
AI agents in the driver's seat https://t.co/HNNLYu8sZm
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LVMH investors jittery over anaemic China demand for European designer goods
https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/lvmh-investors-jittery-over-anaemic-china-demand-european-designer-goods
ST Engineering unit wins Lusail smart city project worth over S$60 million
https://www.businesstimes.com.sg/companies-markets/st-engineering-unit-wins-lusail-smart-city-project-worth-over-s60-million
China firm announces huge leap in offshore wind turbine size
https://www.straitstimes.com/business/companies-markets/china-firm-announces-huge-leap-in-offshore-wind-turbine-size
Chinese firm announces huge leap in offshore wind turbine size
https://www.businesstimes.com.sg/companies-markets/energy-commodities/chinese-firm-announces-huge-leap-offshore-wind-turbine-size
Bursa Malaysia Midday Recap: Market Mixed as Budget 2025 Looms
The FBM KLCI index kick-started the week on a positive note led by PBBANK and CIMB. Despite this, overall market sentiment remained weak as laggards outpaced gainers. However, the telco and media sector outperformed the rest of the constituents, led by CDB and MAXIS. On the news front, the U.S. government lifted its import ban on Brightway Group's disposable gloves after the company addressed forced labor concerns in its manufacturing process. Looking ahead, all attention this week will be on the U.S. earnings season, core U.S. data, and MY Budget 2025.
For those interested in the telco and media sector, CDB (Target Price: MYR 4.50) presents a potential trading opportunity. For more details on the stock, check out the full report on your Maybank Trade MY app today!
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
US Stocks Rally to Record Highs, China Stocks Tumble: Weekly Market Recap
https://growbeansprout.com/weekly-update-12-oct-2024
🧮 Which Reits are poised for a rerating?
The upcoming operational updates for most S-REITs are likely to indicate that financing costs are well-managed, with a decline in portfolio interest rates for some. Most real estate subsectors remain stable, with potential gains for commercial (office, retail) REITs while acquisitions could return for industrial S-REITs 🏭
We believe the impact of lower interest rates will benefit REITs more significantly in 2H25 rather than immediately. Find out which stocks stand to benefit and the key datapoints to watch.
Exclusive Interview with OUE REIT: Shifting Profit Focus from Grade A Offices to more Hotels
https://mystocksinvesting.com/singapore-stocks/oue-commercial-reit/exclusive-interview-with-oue-reit-shifting-profit-focus-from-grade-a-offices-to-more-hotels/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-interview-with-oue-reit-shifting-profit-focus-from-grade-a-offices-to-more-hotels&utm_source=rss&utm_medium=rss&utm_campaign=exclusive-interview-with-oue-reit-shifting-profit-focus-from-grade-a-offices-to-more-hotels
The Edge Singapore
Baht rally halts as Thailand campaigns for lower rates https://t.co/fWiXGDmyL8
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Mystery shopper and undercover boss: Courts CEO goes incognito to connect with staff, customers
https://www.straitstimes.com/business/companies-markets/mystery-shopper-and-undercover-boss-courts-ceo-goes-incognito-to-connect-with-staff-customers
South Korea tech exports slow for second month in risk to growth
https://www.businesstimes.com.sg/international/south-korea-tech-exports-slow-second-month-risk-growth
Hot stock: Yangzijiang Shipbuilding’s shares fall following announcement of arbitration proceedings
https://www.businesstimes.com.sg/companies-markets/hot-stock-yangzijiang-shipbuildings-shares-fall-following-announcement-arbitration-proceedings
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Singapore-based ticketing company GlobalTix closes series B funding of $6.5 mil led by Tin Men Capital
Read: https://link.theedgesingapore.com/22DhZwG6RnSYTGrk6
Follow us on: @theedgesg