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A place for the Singapore investment community to share information, research and updates.
[PREMIUM CONTENT] RHB stays ‘neutral’ on retail sector despite expectations of further sales improvement in near-term
Read: https://link.theedgesingapore.com/EfKtu1225RegCj716
Download our app: edgesg.link/appdl
RBI to surprise markets with a repo rate cut: Nomura
https://www.cnbc.com/video/2024/12/06/rbi-to-surprise-markets-with-a-repo-rate-cut-nomura.html
Currency markets look to steady amid political turmoil, eye US jobs report
https://www.channelnewsasia.com/business/currency-markets-edge-amid-political-turmoil-eye-us-jobs-report-4790616
The Edge Singapore
Lululemon boosts outlook as overseas sales blunt US softness https://t.co/7Uw2fvLbaG
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Korean corporations struggling to value-up, says strategist
https://www.cnbc.com/video/2024/12/06/poor-pay-out-ratios-and-sentiment-impede-koreas-value-up-agenda.html
Trump taps ex-Senator David Perdue for ambassador to China
Read: https://link.theedgesingapore.com/YU9Xe8M23WLp4Xd1A
Follow us on: @theedgesg
The Edge Singapore
RHB stays ‘neutral’ on retail sector despite expectations of further sales improvement in near-term https://t.co/T9Jgha1M7Y
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Morning update ⏰
👨💼China/HK Strategy: Keeping expectations in check
The Central Economic Work Conference, scheduled for Dec 11-12, will set the tone for China’s 2025 economic policies. While market speculation about aggressive fiscal expansion persists, we are keeping expectations in check. What are we looking out for?
https://go.dbs.com/3OGBRNK
We continue to adopt a barbell strategy, focusing on high-yield stocks and quality growth in internet and tech hardware sector. What are our stock picks?
https://go.dbs.com/3OHMSOM
🤝 Semborp Industries: Secures long-term contract with Chevron
SCI announced the signing of a sale and purchase agreement (SPA) with Chevron, to import up to 0.6mn tonnes of LNG per annum, starting from 2028 for 10 years. As a key natural gas importer for Singapore, we think this SPA will further strengthen SCI's existing natural gas supply portfolio. Will this impact the stock?
https://go.dbs.com/3ZC3ePk
Gold heads for second weekly fall; spotlight on US payrolls data
https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-heads-second-weekly-fall-spotlight-us-payrolls-data
REIT Posts of the Week @ 30 November 2024
https://www.reit-tirement.com/2024/11/reit-posts-of-week-30-november-2024.html
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DBS VICKERS Daily Newsletter | 6 December 2024
Maybank IBG Hong Kong - Dim Sum Daily (06 Dec 2024)
1️⃣ Hong Kong stocks fell 0.9% with the Hang Seng Index down 182pts to 19,560 on turnover of HKD109.3bn.
2️⃣ The market was taken by surprise after Hong Kong leader John Lee sacked his ministers for tourism and transport.
3️⃣ The stock market languished ahead of a meeting of China's top leaders later this month at the annual Central Economic Work Conference, where Beijing’s economic priorities for the coming year will be laid out.
Trade Your Way Forward. Simple, Smart and Seamlessly.
#MaybankIBGResearch
#MaybankIBGDimSum
Singapore shares open lower on Friday; STI falls 0.4%
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-shares-open-lower-friday-sti-falls-0-4
Technical Analysis: 6 December 2024
🇸🇬 SG
Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP)
ComfortDelGro Corp Ltd (CD SP)
🇭🇰 HK
Zoomlion Heavy Industry Science and Technology Co Ltd (1157 HK)
Kingdee International Software Group Co Ltd (268 HK)
Read More: https://www.kgieworld.sg/research/dec06ta24
@kgisg
TRADING IDEAS: 🇭🇰 HONG KONG
6 December 2024
🏭 Yidu Tech Inc (2158 HK): AI in healthcare
Entry – 5.40 Target 6.40 Stop Loss – 4.90
💠 Trip. com Group Ltd. (9961 HK): Travel seasonality is back
BUY Entry – 480 Target 540 Stop Loss – 450
➡️ Read More: https://www.kgieworld.sg/research/dec06hk24
@kgisg
[PREMIUM CONTENT] Unitholders should reject Gordon and Celine Tang’s offer for Suntec REIT, says RHB
Read: https://link.theedgesingapore.com/y2QW5BscPTUiAv7q7
Download our app: edgesg.link/appdl
RHB says Suntec Reit unitholders should reject S$1.16 offer, sees positives for the Reit
https://www.businesstimes.com.sg/companies-markets/rhb-says-suntec-reit-unitholders-should-reject-s1-16-offer-sees-positives-reit
Research Highlights
Genting Bhd
The company's 3Q24 results were underwhelming and our analyst's target price has been cut. Despite the fact, our analysts continue to see value in the company at current market prices and maintain their buy rating on the stock. Check out today's post for the full breakdown.
#ResearchHighlights
8 things I learned from the 2024 Lendlease Global Commercial REIT AGM
Lendlease Global Commercial REIT (LREIT) is a Singapore-based real estate investment trust that owns… https://thefinance.sg/?p=1656615
Central banks must accept inflation may remain persistently above target, says strategist
https://www.cnbc.com/video/2024/12/06/inflation-may-remain-persistently-above-target-says-strategist.html
Lululemon boosts outlook as overseas sales blunt US softness
Read: https://link.theedgesingapore.com/RVJPwmxTwJMPbQxA6
Follow us on: @theedgesg
Europe is a 'soufflé collapsing' from the turmoil in France and Germany: David Roche
https://www.cnbc.com/video/2024/12/06/europe-is-like-a-collapsed-souffla-stemming-from-the-turmoil-in-france-and-germany.html
The Edge Singapore
Bitcoin briefly slumps nearly 7% as traders hedge for pullback https://t.co/mUOVxeXrR7
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Bitcoin briefly slumps nearly 7% as traders hedge for pullback
Read: https://link.theedgesingapore.com/dCdqFKV44wZaThKd6
Follow us on: @theedgesg
Japan consumer spending falls at slower pace, but underlying weakness persists
https://www.channelnewsasia.com/business/japans-soft-consumer-spending-unlikely-deter-boj-raising-rates-again-4790496
iFAST Daily Brew ☕️ - 06 Dec 2024
Wall Street retreated from all-time highs ahead of key jobs report
🇺🇸 S&P 500: -0.18% 📉
🇺🇸 NASDAQ: -0.17% 📉
🇪🇺 STOXX 600: 0.41% 📈
🇯🇵 Nikkei 225: 0.30% 📈
🇭🇰 Hang Seng: -0.92% 📉
🇨🇳 CSI 300: -0.23% 📉
🇸🇬 STI: 0.60% 📈
3 Things You Need To Know
1. US equities lost steam with S&P 500 and Nasdaq Composite near all-time highs, both declining -0.2% as investors turned cautious ahead of Friday’s key jobs report, which could impact the Fed’s December rate decision.
2. China will sanction 13 US military firms, including Raytheon, in response to the US approval of a USD 385 million arms sale to Taiwan, actions Beijing claims violate its sovereignty.
3. Bitcoin soared past $100,000 for the first time, before being pulled back from the milestone on Thursday, driven by optimism over a pro-crypto US administration and the nomination of Paul Atkins to lead the SEC.
___
Register for our upcoming FSM Invest Expo 2025 today!
S&P places SingPost on credit watch negative after strategy reset, sale of Australia business
https://www.straitstimes.com/business/companies-markets/sp-places-singpost-on-credit-watch-negative-after-strategy-reset-sale-of-australia-business
Currency markets look to steady amid political turmoil, eye US jobs report
https://www.channelnewsasia.com/business/currency-markets-look-steady-amid-political-turmoil-eye-us-jobs-report-4790616
TRADING IDEAS: 🇺🇸 UNITED STATES
6 December 2024
🏢 Tapestry Inc (TPR US): Deals and steals
BUY Entry – 60 Target – 68 Stop Loss – 56
🏭 3M Co (MMM US): Manufacturing to revive
BUY Entry – 132 Target – 146 Stop Loss – 125
➡️ Read More: https://www.kgieworld.sg/research/dec06us24
@kgisg
TRADING IDEAS: 🇸🇬 SINGAPORE
6 December 2024
🏢 DBS Group Holdings Ltd (DBS SP): Visionary move
BUY Entry – 44 Target– 48 Stop Loss – 42
🏬 CSE Global Ltd (CSE SP): Benefitting from global trends
BUY Entry – 0.460 Target– 0.490 Stop Loss – 0.445
➡️ Read More: https://www.kgieworld.sg/research/dec06sg24
@kgisg