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A place for the Singapore investment community to share information, research and updates.
The Edge Singapore
China’s slowing economy remains key headwind for Shanghai office, retail assets: Morningstar https://t.co/8uLcTXsc1x
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Food Innovators makes Catalist debut at S$0.20, 9.1% below IPO price
https://www.businesstimes.com.sg/companies-markets/food-innovators-makes-catalist-debut-s0-20-9-1-below-ipo-price
Singapore shares open higher on Wednesday; STI up 0.2%
https://www.businesstimes.com.sg/companies-markets/singapore-shares-open-higher-wednesday-sti-0-2
Maybank IBG Kopi-O (16 Oct 2024)
Wall Street retraced overnight as chip stocks reacted negatively to ASML (-15.6%) selloff after company warned of weaker China sales. INARI (-1.07%), MPI (-0.23%), Unisem (0.00%), ELSOFT (0.00%) will likely be in focus today as a result of this event. As markets await Budget 2025, expectations of a likely rise in federal spending could benefit Property: UEMS (+5.83%), SIMEPROP (6.90%), SPSETIA (+1.34%), Construction: GAMUDA (+0.49%), and Consumer MRDIY (-0.46%), LHI (0.69%).
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The Edge Singapore
Guide to Indonesia, Philippines and Thailand central bank rate decisions https://t.co/YaQhEHAxVb
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Guide to Indonesia, Philippines and Thailand central bank rate decisions
Read: https://link.theedgesingapore.com/yagHJtdbTSXFdpDK6
Follow us on: @theedgesg
Stocks to watch: SIA, CDLHT, Straits Trading, Civmec, Food Innovators
https://www.businesstimes.com.sg/companies-markets/stocks-watch-sia-cdlht-straits-trading-civmec-food-innovators
Five stories to start your day:
1. US weighs capping exports of AI chips from Nvidia and AMD to some countries
2. CDLHT to acquire Hotel Indigo Exeter for GBP19.4 mil
3. SIA Group’s passenger traffic up by 7.7% in September
4. Food Innovators Holdings launches IPO at 22 cents per share
5. Centurion Corp subsidiary enters subscription agreement for 25% stake in Lachlan Avenue Development
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
Shein adds more banks to arrange London listing
Read: https://link.theedgesingapore.com/pSa3HhABfb3s9jou8
Follow us on: @theedgesg
TRADING IDEAS: 🇺🇸 UNITED STATES
16 October 2024
🏭 Deckers Outdoor Corp (DECK US): Upcoming shopping spree
BUY Entry – 156 Target – 176 Stop Loss – 146
📑 On Holding AG (ONON US): Embracing shopping season
BUY Entry – 50 Target – 56 Stop Loss – 47
➡️ Read More: https://www.kgieworld.sg/research/oct16us24
@kgisg
TRADING IDEAS: 🇸🇬 SINGAPORE
16 October 2024
🏢 Genting Singapore Ltd (GENS SP): Seasonal tailwinds
BUY Entry – 0.860 Target– 0.940 Stop Loss – 0.820
🏬 Wilmar International Ltd (WIL SP): Increased curbs on palm oil supplies
BUY Entry – 3.32 Target– 3.60 Stop Loss – 3.18
➡️ Read More: https://www.kgieworld.sg/research/oct16sg24
@kgisg
Top Stories, 16 October 2024
1. Japan stocks lead declines in Asia-Pacific markets; China housing briefing in focus
https://www.kgieworld.sg/research/829q
2. HKEX’s Hang Seng TECH Index Futures and Options are the first exchange-traded derivatives contracts to track the Index, providing investors with a new tool to manage risks in their exposures to Hong Kong-listed technology companies
Find out more: https://www.kgieworld.sg/futures/hkex-hang-seng-tech-index
3. Stock market today: Nasdaq leads stock declines as Nvidia, chip stocks sell off
https://www.kgieworld.sg/research/fdlm
4. China housing minister plans briefing after Beijing vows support
https://www.kgieworld.sg/research/e6co
5. Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens
https://www.kgieworld.sg/research/87es
6. EUR/USD extends decline as ECB rate call looms ahead
https://www.kgieworld.sg/research/6phs
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ASML's lowered outlook suggests factory overcapacity, not chip doom
https://www.channelnewsasia.com/business/asmls-lowered-outlook-suggests-factory-overcapacity-not-chip-doom-4681076
Morning with UOB Kay Hian:
✈️ Sia Engineering
✔️ Buy Sia Engineering Recommendation
✔️ Buy Sia Engineering at S$2.37-2.38 Stop at S$2.34 and profit target at S$2.60
✔️ Price could have rebounded from its resistance-turned-support zone, which is also near to the base line support
✔️ Conversion and base lines remain in a bullish crossover
✔️ MACD remains bullish
Trump’s crypto platform falters on first day of sales
https://www.businesstimes.com.sg/companies-markets/banking-finance/trumps-crypto-platform-falters-first-day-sales
Singapore REITs Ex-Dividend & Payment Calendar (Updated Oct 2024)
https://www.reit-tirement.com/2024/10/singapore-reits-ex-dividend-payment.html
New Zealand inflation slows to lowest rate since early 2021
https://www.straitstimes.com/business/economy/new-zealand-inflation-slows-to-lowest-rate-since-early-2021
iFAST Daily Brew ☕️ - 16 Oct 2024
US markets dragged by a slide in chip stocks; Weak Chinese exports eroding investor confidence
🇺🇸 S&P 500: -0.76% 📉
🇺🇸 NASDAQ: -1.01% 📉
🇪🇺 STOXX 600: -0.80% 📉
🇯🇵 Nikkei 225: 0.77% 📈
🇭🇰 Hang Seng: -3.67% 📉
🇨🇳 CSI 300: -2.66% 📉
🇸🇬 STI: -0.01% 📉
3 Things You Need To Know
1. The largest banks on Wall Street (Citibank, Bofa and Goldman Sachs) reported strong 3Q earnings due to a rise in investment-banking fees, driven by an increase in mergers, acquisitions, and corporate debt issuance.
2. US semiconductor stocks declined after ASML, lowered its annual sales outlook due to weak demand for non-AI chips. Additionally, the Biden administration is considering limiting the sale of advanced AI processors to certain countries.
3. To end this week, we will see the released of China’s GDP, Industrial production y/y and Retail sales y/y.
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Curated Headlines for 16 October 2024
South China Morning Post
Xpeng’s AI-powered P7+ to challenge Tesla, eyes China’s autonomous driving market
The EV maker launched the presale of the P7+ from 209,800 yuan (US$29,500), 10 per cent cheaper than the base model of Tesla Model 3
https://www.scmp.com/business/china-evs/article/3282387/xpengs-ai-powered-p7-challenge-tesla-eyes-chinas-autonomous-driving-market?module=top_story&pgtype=subsection
Chinese brands and Apple drive global smartphone shipment growth for fifth straight quarter
Shipments from Vivo surged nearly 23 per cent in the third quarter, while Samsung’s fell almost 3 per cent, according to IDC
https://www.scmp.com/tech/big-tech/article/3282470/chinese-brands-and-apple-drive-global-smartphone-shipment-growth-5th-straight-quarter?module=top_story&pgtype=subsection
CR Beverage to use US$640 million IPO to fund expansion, supply chain efficiency
China’s second-largest bottled water firm plans to sell 347.8 million shares at HK$14.50 each
The Business Times
US: Stocks tumble as chipmakers see weakness
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-tumble-chipmakers-see-weakness
US dollar steady near two-month high as markets weigh policy outlook
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-steady-near-two-month-high-markets-weigh-policy-outlook
Goldman Sachs profit jumps 45% as dealmaking activity rebounds
Its third-quarter profit increases to US$2.99 billion, from US$2.06 billion in the corresponding period a year earlier
https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-sachs-profit-jumps-45-dealmaking-activity-rebounds
The Wall Street Journal
Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain
Jet maker moves to raise much needed cash and secures new credit line amid paralyzing machinist strike
https://www.wsj.com/business/boeing-needing-cash-moves-to-sell-new-shares-fce4c116?mod=hp_lead_pos2
UnitedHealth Shares Dive After Health Giant Says 2025 Results Likely to Fall Short
The company estimates that its formal guidance for 2025 will top out at about $30 in earnings per share
https://www.wsj.com/health/healthcare/unitedhealth-shares-dive-after-health-giant-says-2025-results-likely-to-fall-short-8a7ff76a?mod=hp_lead_pos6
The Edge Singapore
Bill Hwang’s sentencing in Archegos case postponed to November https://t.co/UcxFDqB8MH
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US holiday sales growth expected to normalise in an abnormal year
https://www.straitstimes.com/business/us-holiday-sales-growth-expected-to-normalise-in-an-abnormal-year
Bill Hwang’s sentencing in Archegos case postponed to November
Read: https://link.theedgesingapore.com/TJRazywrRLTmxkbQ6
Follow us on: @theedgesg
The Edge Singapore
Shein adds more banks to arrange London listing https://t.co/l8AA8dvr9L
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Bill Hwang’s sentencing in Archegos case postponed to November
https://www.businesstimes.com.sg/companies-markets/bill-hwangs-sentencing-archegos-case-postponed-november
TRADING IDEAS: 🇭🇰 HONG KONG
16 October 2024
🏭 Lenovo Group Ltd (992 HK): PC shipment recovery on track
BUY Entry – 10.7 Target 12.1 Stop Loss – 10.0
💠 China State Construction International Holdings Ltd (3311 HK): More fiscal stimulus
BUY Entry – 12.4 Target 14.0 Stop Loss – 11.6
➡️ Read More: https://www.kgieworld.sg/research/oct16hk24
@kgisg
Technical Analysis: 16 October 2024
🇸🇬 SG
Yangzijiang Shipbuilding Holdings Ltd. (YZJSGD SP)
Yangzijiang Financial Holdings Ltd. (YZJFH SP)
🇭🇰 HK
Power Assets Holdings Ltd (6 HK)
CK Infrastructure Holdings Ltd (1038 HK)
Read More: https://www.kgieworld.sg/research/oct16ta24
@kgisg
(Interview) Veteran Investment Advisors Share Expert Tips for Singapore Investors
https://mystocksinvesting.com/investment-strategy/interview-veteran-investment-advisors-share-expert-tips-for-singapore-investors/?utm_source=rss&utm_medium=rss&utm_campaign=interview-veteran-investment-advisors-share-expert-tips-for-singapore-investors&utm_source=rss&utm_medium=rss&utm_campaign=interview-veteran-investment-advisors-share-expert-tips-for-singapore-investors
CNBC Television (Youtube)
Lightning Round: Stay away from Mobileye, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stock including: Cassava Sciences and Mobileye.
3 Singapore REITs That Announced Acquisitions to Boost Their DPU: Are They a Buy?
Here are three REITs that conducted acquisitions recently. Should you add them into your income portfolio?
📌 https://thesmartinvestor.com.sg/3-singapore-reits-that-announced-acquisitions-to-boost-their-dpu-are-they-a-buy/