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A place for the Singapore investment community to share information, research and updates.
Malaysia's October industrial production up 2.1%, below forecast
https://www.channelnewsasia.com/business/malaysias-october-industrial-production-up-21-below-forecast-4797441
2024 was a 'tale of two halves' for Chinese travel, says Hilton APAC President
https://www.cnbc.com/video/2024/12/10/2024-was-a-tale-of-two-halves-for-chinese-travel-hilton-apac-president.html
Insurers’ climate losses almost match premiums from fossil fuels
Read: https://link.theedgesingapore.com/JrSU1bQpKPGahzXY7
Follow us on: @theedgesg
Unlock Tax Savings with the Supplementary Retirement Scheme (SRS) in Singapore
https://growbeansprout.com/srs-supplementary-retirement-scheme-tax-savings
Singapore REITs Monthly Update (October 12th, 2024)
https://mystocksinvesting.com/singapore-reits/singapore-reits-monthly-update-october-12th-2024/
DBS, Japan’s top lenders said to be among bidders for Indonesia’s Panin Bank
https://www.straitstimes.com/business/banking/dbs-japans-top-lenders-said-to-be-among-bidders-for-indonesias-panin-bank
U.S. to take careful approach to Syria's ascendant rebel group, analyst says
https://www.cnbc.com/video/2024/12/10/us-to-take-careful-approach-to-syrias-ascendant-rebel-group-ceip.html
IREIT Global director sells 409,949 units for $0.1 mil
Read: https://www.theedgesingapore.com/news/insider-moves/ireit-global-director-sells-409949-units-01-mil
Follow us on: @theedgesg
Britain to make online marketplaces pay more for electricals recycling
https://www.businesstimes.com.sg/international/britain-make-online-marketplaces-pay-more-electricals-recycling
Key Highlights from EC World REIT’s Q3 and 9M FY2024 Results
https://www.thesingaporeaninvestor.sg/2024/11/12/key-highlights-from-ec-world-reits-q3-and-9m-fy2024-results/?utm_source=rss&utm_medium=rss&utm_campaign=key-highlights-from-ec-world-reits-q3-and-9m-fy2024-results
Singapore property tycoons plan family office in Abu Dhabi
https://www.straitstimes.com/business/banking/singapore-property-tycoons-plan-family-office-in-abu-dhabi
3 Singapore REITs that Invest Solely in European Properties
https://www.thesingaporeaninvestor.sg/2024/11/26/3-singapore-reits-that-invest-solely-in-european-properties/?utm_source=rss&utm_medium=rss&utm_campaign=3-singapore-reits-that-invest-solely-in-european-properties
Morning update ⏰
🇸🇬 Equity Picks: Remove an aviation stock from Growth
We remove a stock whose share price has been largely rangebound in the past 2 months despite reporting strong 2Q results in November. Shares should continue to trend sideways or with modest downside risk heading into Trump’s inauguration on 20 January 2025, as investors monitor his tariffs moves. Find out who it is.
https://go.dbs.com/3ZLmgCU
🇨🇳 Watch stocks with exposure in China
China's top leaders advocated for stabilising the economy and restoring market confidence at the Politburo meeting, which should boost sentiment for stocks with Chinese exposure. Find out the names that could benefit.
https://go.dbs.com/3ZLmgCU
🙇 JPY and KRW were the weakest currencies overnight
The JPY fell to 151.21 per USD, its worst level since 28 November. USD/JPY has been capped by its 50-day moving average, while JPY bulls are cautious about tomorrow’s US CPI data. Meanwhile, the prospect of a prolonged political crisis in South Korea weakened the KRW to 1431 per USD, nearing October 2022 low. Find out what we're watching next.
https://go.dbs.com/41qljRC
Maybank IBG Hong Kong - Dim Sum Daily (10 Dec 2024)
1️⃣ The Hong Kong market advanced by 2.7% as investment sentiment was lifted after China’s Politburo promised 'proactive' measures to bolster domestic demand in 2025. The Hang Seng Index rose by 548pts to 20,414pts, on a turnover of HKD206.5 billion
2️⃣ Attention has turned to this week's Central Economic Work Conference in China for more clues on fiscal stimulus (details in the image above)
Trade Your Way Forward. Simple, Smart and Seamlessly.
#MaybankIBGResearch
#MaybankIBGDimSum
⌨️ Stock of The Week: Grand Venture Technology (SGX: JLB)
- GVT provides solutions and services for the manufacture of ultra-precision machining, sheet metal components and complex mechatronics modules.
- GVT is collaborating with major tech companies on solutions for next generation accelerators that are essential for AI application, and has been expanding its front-end semiconductor customer base with a new facility in Penang, Malaysia, positioning it for industry growth and demand recovery.
- GVT's revenue rose by 35.8% from S$82.4m in 9MFY23 to S$111.9m in 9MFY24 with growth across all key businesses, most prominently in the semiconductor segment with a YoY revenue growth of 50.8%. According to Refinitiv, GVT commands a healthy valuation with a P/E close to 30x, and the stock has doubled its share price since listing in Jan19.
*All data as of 9 Dec 2024
➡️ For more information on Grand Venture Technology, visit bit.ly/4ioNQ02
Singapore real estate barons plan family office in Abu Dhabi
Read: https://link.theedgesingapore.com/sJvFS52XeKXPzb2s6
Follow us on: @theedgesg
AI will be the driver of equity returns 'across the board', says strategist
https://www.cnbc.com/video/2024/12/10/ai-will-be-the-driver-of-equity-returns-across-the-board-strategist.html
Singapore Institute of Advanced Medical Holdings flagged over uncertainties about staying afloat
https://www.businesstimes.com.sg/companies-markets/singapore-institute-advanced-medical-holdings-flagged-over-uncertainties-about-staying-afloat
DBS, Japan’s top lenders said to be among bidders for Panin Bank
https://www.businesstimes.com.sg/companies-markets/banking-finance/dbs-japans-top-lenders-said-be-among-bidders-panin-bank
The Edge Singapore
IREIT Global director sells 409,949 units for $0.1 mil
Read more: https://t.co/lePc3h3umd https://t.co/EN8D9J9vwN
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Economist: China's growth is slowing; predicting 2025 growth of 5% is 'ambitious'
https://www.cnbc.com/video/2024/12/10/economist-chinas-growth-is-slowing-5percent-growth-target-is-ambitious.html
Logistics Focused REITs Comparison @ 8 December 2024
https://www.reit-tirement.com/2024/12/logistics-focused-reits-comparison-8.html
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OIR Market Pulse (10 December 2024)
Singapore Institute of Advanced Medical Holdings flagged for going concern uncertainties by external auditors
https://www.businesstimes.com.sg/companies-markets/singapore-institute-advanced-medical-holdings-flagged-going-concern-uncertainties-external-auditors
Longbridge Group secures over US$100 mil in new funding to fuel international expansion
Read: https://link.theedgesingapore.com/8x4G3Cm2saMVK5tE8
Follow us on: @theedgesg
United Hampshire US REIT: What You Need to Know about the Necessity Retail REIT
https://www.thesingaporeaninvestor.sg/2024/11/18/united-hampshire-us-reit-what-you-need-to-know-about-the-necessity-retail-reit/?utm_source=rss&utm_medium=rss&utm_campaign=united-hampshire-us-reit-what-you-need-to-know-about-the-necessity-retail-reit
Strategist says South Korea's value is 'compelling', maintains overweight
https://www.cnbc.com/video/2024/12/10/opportunity-to-enter-korean-markets-kia-a-strong-pick.html
China makeup mogul nears billionaire status with Hong Kong IPO
Read: https://link.theedgesingapore.com/VWCxkWMFvT83xWhRA
Follow us on: @theedgesg
Australia's economy could grow at 2.2% rate next year: ANZ
https://www.cnbc.com/video/2024/12/10/adelaide-timbrell.html
⌨️ Stock of The Week: Grand Venture Technology (SGX: JLB)
- GVT provides solutions and services for the manufacture of ultra-precision machining, sheet metal components and complex mechatronics modules.
- GVT is collaborating with major tech companies on solutions for next generation accelerators that are essential for AI application, and has been expanding its front-end semiconductor customer base with a new facility in Penang, Malaysia, positioning it for industry growth and demand recovery.
- GVT's revenue rose by 35.8% from S$82.4m in 9MFY23 to S$111.9m in 9MFY24 with growth across all key businesses, most prominently in the semiconductor segment with a y-o-y revenue growth of 50.8%. According to Refinitiv, GVT commands a healthy valuation with a P/E close to 30x, and the stock has doubled its share price since listing in Jan 2019.
*All data as of 9 Dec 2024
➡️ For more information on Grand Venture Technology, visit bit.ly/4ioNQ02