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A place for the Singapore investment community to share information, research and updates.
iFAST Daily Brew ☕️ - 9 Dec 2024
Wall Street surged as job gains beat expectation; Chinese equities turned cautious ahead of key economic policy meeting awaiting meaningful policy signals
🇺🇸 S&P 500: 0.26% 📈
🇺🇸 NASDAQ: 0.82% 📈
🇪🇺 STOXX 600: 0.18% 📈
🇯🇵 Nikkei 225: -0.77% 📉
🇭🇰 Hang Seng: 1.56% 📈
🇨🇳 CSI 300: 1.31% 📈
🇸🇬 STI: -0.69% 📉
3 Things You Need To Know
1. Kicking off the week on Monday, Japan will release its GDP (q/q), while China will report its Inflation Rate (y/y) and New Loans.
2. China's central bank resumed gold purchases in November after a six-month pause, increasing holdings to 72.96 million troy ounces, though their value fell to USD 193.43 billion amid declining gold prices. The move signals the PBOC's confidence and could revive Chinese investor demand. Gold prices dropped 5% from October's record high but remain up 28% this year.
3. Upcoming US inflation data is the most closely watched puzzle in supporting a Fed rate cut, with strong job growth last Friday laying the groundwork to help fuel a rally, pushing the odds of a quarter-point rate cut higher to 86% from just 66% a week ago.
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OIR Singapore Stocks: Dividend Yield Monitor (9 December 2024)
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OIR Market Pulse (09 December 2024)
StocksBNB
ETF Monthly: November 2024 – S&P 500 and Singapore Equities to extend bullish momentum
➖ @stocksbnb ➖
StocksBNB
Singapore Banking Monthly – Banks share price performance surges
➖ @stocksbnb ➖
Trump EV scepticism threatens US$54 bil in Korean investments
Read: https://link.theedgesingapore.com/C7XQiYnUxfVa1d5MA
Follow us on: @theedgesg
Australia moves ahead to scrap AT1 bonds after Credit Suisse hit
https://www.straitstimes.com/business/banking/australia-moves-ahead-to-scrap-at1-bonds-after-credit-suisse-hit
TRADING IDEAS: 🇺🇸 UNITED STATES
9 December 2024
🏢 Sprouts Farmers Market Inc (SFM US): Appeal to health-conscious consumers
BUY Entry – 150 Target – 170 Stop Loss – 140
🏭 Tapestry Inc (TPR US): Deals and steals
BUY Entry – 60 Target – 68 Stop Loss – 56
➡️ Read More: https://www.kgieworld.sg/research/dec09us24
@kgisg
TRADING IDEAS: 🇸🇬 SINGAPORE
9 December 2024
🏢 Bumitama Agri Ltd (BAL SP): Palm oil demand to maintain
BUY Entry – 0.89 Target– 0.97 Stop Loss – 0.85
🏬 DBS Group Holdings Ltd (DBS SP): Visionary move
BUY Entry – 44 Target– 48 Stop Loss – 42
➡️ Read More: https://www.kgieworld.sg/research/dec09sg24
@kgisg
Summary of the week with the different sectors. love the visualization
Читать полностью…
Five stories to start your day:
1. Jefferies raises target prices, EPS forecasts on Singapore’s three banks, assumes $2 bil buybacks each next year
2. GIC-backed manufactured-housing operator Yes! explores 2025 IPO
3. Tuan Sing CEO Liem raises stake in company again
4. Allianz pauses talks with Amundi over control of asset manager
5. South Korea’s ruling party vows ‘orderly exit’ for Yoon
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
Trump EV skepticism threatens $72.5 billion in South Korean investments
https://www.straitstimes.com/business/companies-markets/trump-ev-skepticism-threatens-72-5-billion-in-south-korean-investments
Smart Look At The Week Ahead: US Inflation, Oracle, Zara And Adobe
Here's what to look out for and earning reports scheduled for the coming week.
📌 https://thesmartinvestor.com.sg/smart-look-at-the-week-ahead-us-inflation-oracle-zara-and-adobe/
Saudi Finance firm’s CEO dies days after trading debut
Read: https://link.theedgesingapore.com/QwBeXonpQN8ZgRB29
Follow us on: @theedgesg
Japan revises Q3 GDP higher on capex, exports
https://www.channelnewsasia.com/business/japan-revises-q3-gdp-higher-keeps-alive-boj-rate-hike-expectations-4794911
Maybank IBG Hong Kong - Dim Sum Daily (9 Dec 2024)
1️⃣ Hong Kong stocks advanced 1.5% ahead of the annual Central Economic Work Conference, scheduled for later this month. Investors are hoping that stimulus measures may be unveiled or hinted at during the meeting. The Hang Seng Index rose 305pts to 19,865 on turnover of HKD162.7bn.
2️⃣ Investment sentiment was lifted by China’s decision to raise the financing ratio for share buybacks. Cailian reported China’s regulator will lift the financing ratio for stock buyback loans to 90% from 70%.
Trade Your Way Forward. Simple, Smart and Seamlessly.
#MaybankIBGResearch
#MaybankIBGDimSum
StocksBNB
Thai SDR Monthly: November 2024 – Kasikornbank and Advanced Info Service to extend bullish momentum
➖ @stocksbnb ➖
StocksBNB
Frasers Property Limited – Introducing… S$5bn One Bangkok!
➖ @stocksbnb ➖
How China became world’s largest car exporter
https://www.straitstimes.com/business/companies-markets/how-china-became-worlds-largest-car-exporter
Maybank IBG "Regional Trader's Almanac" 09 December 2024
SPX 500 Index: Market now awaits the upcoming inflation data
For the full report, more stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (9 Dec 2024)
The KLCI declined by 0.15%, with plantation counters (-0.49%), including IOICORP (-1.77%) and SDG (-0.20%), experiencing profit-taking. This week, our focus is on the healthcare sector (+2.19%), which has now risen for five consecutive weeks and is approaching its 2024 high. TOPGLOV (+5.60%) closed at a new 2024 high, while HARTA (+1.89%) is just 1.5% shy of 2024 high.
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.
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Technical Analysis: 9 December 2024
🇸🇬 SG
Top Glove Corp Bhd (TOPG SP)
iFAST Corp Ltd (IFAST SP)
🇭🇰 HK
JD. com Inc (9618 HK)
Tencent Holdings Ltd (700 HK)
Read More: https://www.kgieworld.sg/research/dec09ta24
@kgisg
TRADING IDEAS: 🇭🇰 HONG KONG
9 December 2024
🏭 Yidu Tech Inc (2158 HK): AI in healthcare
Entry – 5.40 Target 6.40 Stop Loss – 4.90
💠 Goldwind Science & Technology Co Ltd. (2208 HK): Spurring investments into renewable energy
BUY Entry – 7.0 Target 8.0 Stop Loss – 6.5
➡️ Read More: https://www.kgieworld.sg/research/dec09hk24
@kgisg
Top Stories, 9 December 2024
1. Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates
https://www.kgieworld.sg/research/9k5g
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. Traders Ramp Up Bets on December Fed Cut After Mixed Jobs Data
https://www.kgieworld.sg/research/8jjp
4. China cutting e-commerce red tape to ease export of small packages, support flexible jobs
https://www.kgieworld.sg/research/kv4a
5. Oil Holds Weekly Loss as Saudi Price Cuts Signal Weak Outlook
https://www.kgieworld.sg/research/qdg5
6. EUR/USD outlook: EUR/USD eyes fresh direction signals from fundamentals as technical studies are mixed
https://www.kgieworld.sg/research/onkt
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Curated Headlines for 9 December 2024
South China Morning Post
No Black Friday windfall for Chinese sellers on Temu and Amazon as competition rises
Cut-to-the-bone pricing is eating into the profit margins of Chinese merchants selling online to global shoppers
https://www.scmp.com/tech/tech-trends/article/3289727/no-black-friday-windfall-chinese-sellers-temu-and-amazon-competition-rises?module=top_story&pgtype=subsection
1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC survey
Around 300,000 households will be in the market, exceeding expected supply, the lender estimates
https://www.scmp.com/business/article/3289749/one-6-hongkongers-are-eyeing-home-purchase-next-5-years-hsbc-survey?module=top_story&pgtype=subsection
Chip war: US exempts some Chinese firms from curbs in concession to Japan, sources say
Washington has excluded some of China’s largest semiconductor companies from its latest export restrictions
https://www.scmp.com/tech/tech-war/article/3289594/chip-war-us-exempts-some-chinese-firms-curbs-concession-japan-sources-say?module=top_story&pgtype=subsection
The Business Times
Crude palm oil prices’ bullish momentum may be tested in volatile market
https://www.businesstimes.com.sg/companies-markets/crude-palm-oil-prices-bullish-momentum-may-be-tested-volatile-market
Saudi Arabia cuts oil prices after Opec+ delays reviving output
https://www.businesstimes.com.sg/companies-markets/saudi-arabia-cuts-oil-prices-after-opec-delays-reviving-output
China’s central bank resumes gold purchases after six-month hiatus in November
https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-central-bank-resumes-gold-purchases-after-six-month-hiatus-november
The Wall Street Journal
Advertising Firms Omnicom and Interpublic Nearing Merger That Would Reshape Industry
Tie-up would create world’s largest ad conglomerate in sector being upended by technology
https://www.wsj.com/business/media/advertising-firms-omnicom-and-interpublic-nearing-merger-that-would-reshape-industry-a2dd2286?mod=hp_lead_pos2
Barron’s
Trump Says He Has No Plan to Remove Powell at Fed
President-elect Donald Trump said he had no plans to remove Federal Reserve Chair Jerome Powell, whose term ends in May 2026.
https://www.barrons.com/articles/trump-nbc-news-interview-powell-fed-89503695?mod=hp_minor_pos23&_gl=1*1hwkrbl*_gcl_au*MTAwNDk0NjUyNS4xNzMxOTczMzQy*_ga*ODQ0MDY0MDUxLjE3MTU4MTcyMTQ.*_ga_K2H7B9JRSS*MTczMzY5NzE3MC4xMi4xLjE3MzM2OTczNjMuNDIuMC4w
Bumpy road ahead for South Korean economy after failed martial law
https://www.straitstimes.com/business/bumpy-road-ahead-for-south-korean-economy
Dubai’s mega tech IPO solidifies turnaround that began in 2021
Read: https://link.theedgesingapore.com/kbE1V8CFLMY7JEjr8
Follow us on: @theedgesg
T-bill yield dips while stocks and fixed deposit rates rise: Weekly Market Recap
https://growbeansprout.com/weekly-update-7-dec-2024
Morning with UOB Kay Hian:
🚢 Yangzijiang Shipping
✔️ Buy Yangzijiang Shipbuilding Recommendation
✔️ Buy Yangzijiang Shipbuilding at S$2.65-2.66. Stop at S$2.47 and profit target at S$3.05
✔️ Price broke and closed above the cloud, turning the chart outlook bullish
✔️ MACD has turned bullish after having a bullish crossover