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A place for the Singapore investment community to share information, research and updates.
Maybank IBG Kopi-O (11 Dec 2024)
The KLCI (-0.15%) extended its decline, weighed down by utilities heavyweights such as TENAGA (-1.01%) and PETGAS (- 1.69%). Despite this, sentiment showed signs of improvement as gainers outpaced laggards by 534 to 513. Construction (+0.97%) remained in focus, with buying interest picking up in the afternoon session. GAMUDA (+2.49%) achieved a new all-time high, while MITRA (+6.35%) recorded a significant surge in trading volume.
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ADB trims developing Asia's growth forecast, flags US trade policy risks
https://www.straitstimes.com/business/economy/adb-trims-developing-asias-growth-forecast-flags-us-trade-policy-risks
Curated Headlines for 11 December 2024
South China Morning Post
China stocks back on the menu as Xi Jinping signals major stimulus in Politburo meeting
Strong policy tone ripples through Chinese assets, with both stocks and bonds rallying while the yuan strengthens
https://www.scmp.com/business/china-business/article/3290151/china-stocks-back-menu-xi-jinping-signals-major-stimulus-politburo-meeting?module=top_story&pgtype=section
Huawei making moves in China’s robotics industry with Jimu investment, new embodied AI hub
Huawei’s increased investment in Jimu comes a month after it opened an embodied artificial intelligence centre in Shenzhen
https://www.scmp.com/tech/big-tech/article/3290211/huawei-making-moves-chinas-robotics-industry-jimu-investment-new-embodied-ai-hub?module=top_story&pgtype=section
Xiaomi unveils YU7 electric SUV to take on similar models from Tesla, Li Auto, Nio in 2025
Development of the YU7 reflects Xiaomi’s growing confidence in its EV business, which met its 100,000-vehicle production target this year
https://www.scmp.com/tech/big-tech/article/3290145/xiaomi-unveils-yu7-electric-suv-take-similar-models-tesla-li-auto-nio-2025
Swire Properties sees robust demand for flats at first mainland China residential project
Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold
https://www.scmp.com/business/china-business/article/3290123/swire-properties-reports-robust-demand-flats-its-first-mainland-residential-project?module=top_story&pgtype=section
The Business Times
US court blocks Kroger’s US$25 billion supermarket mega-merger
https://www.businesstimes.com.sg/companies-markets/us-court-blocks-krogers-us25-billion-supermarket-mega-merger
Apple shares are on a tear despite sluggish growth, tariff risks
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/apple-shares-are-tear-despite-sluggish-growth-tariff-risks
US: Stocks fall but Alphabet jumps on Google announcement
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-fall-alphabet-jumps-google-announcement
Amazon to make films, series based on Warhammer game
https://www.businesstimes.com.sg/lifestyle/amazon-make-films-series-based-warhammer-game
The Wall Street Journal
General Motors Scraps Cruise Robotaxi Program
Carmaker cites competition, time and costs needed to scale the business
https://www.wsj.com/business/autos/general-motors-scraps-cruise-robotaxi-program-ea3298a8?mod=hp_lead_pos2
Barron’s
GE Vernova Bumps Up Sales Outlook, Announces First Dividend
Power generation technology provider GE Vernova
updated its guidance and capital return plans Tuesday afternoon.
https://www.barrons.com/articles/ge-vernova-investor-day-stock-dividend-b0d4faf3?mod=hp_minor_pos22&_gl=1*1r14ea9*_gcl_au*MTAwNDk0NjUyNS4xNzMxOTczMzQy*_ga*ODQ0MDY0MDUxLjE3MTU4MTcyMTQ.*_ga_K2H7B9JRSS*MTczMzg3NDU1MC4xNC4xLjE3MzM4NzQ3MjcuMjYuMC4w
How Do You Feel if Your Mother Keep Comparing Your Grades to That Rich Kid?
After my article about Avantis came out the day before, a reader forwarded me… https://thefinance.sg/?p=1657130
CNBC Television (Youtube)
Mad Money - 12/10/24 | Audio Only
Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.
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TRADING IDEAS: 🇺🇸 UNITED STATES
11 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/dec11us24
@kgisg
TRADING IDEAS: 🇭🇰 HONG KONG
11 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/dec11hk24
@kgisg
Technical Analysis: 11 December 2024
🇸🇬 SG
Seatrium Ltd (SMM SP)
Sembcorp Industries Ltd (SCI SP)
🇭🇰 HK
China Shenhua Energy Co Ltd (1088 HK)
Zoomlion Heavy Industry Science and Technology Co Ltd (1157 HK)
Read More: https://www.kgieworld.sg/research/dec11ta24
@kgisg
HSBC raised fraud alarm leading to collapse of fintech Stenn
https://www.straitstimes.com/business/banking/hsbc-raised-fraud-alarm-leading-to-collapse-of-fintech-stenn
Searching for Suitable Singapore REITs? 1 Must-Have Quality That You Should Look for
Income investors who are looking to add quality REITs to their portfolio should look out for this important attribute.
📌 https://thesmartinvestor.com.sg/searching-for-suitable-singapore-reits-1-must-have-quality-that-you-should-look-for/
Part-time security officers to see over 30% jump in hourly pay by 2028
https://www.straitstimes.com/business/part-time-security-officers-to-see-over-30-jump-in-hourly-pay-by-2028
What I have Learned from CapitaLand Ascott Trust’s Presentation
https://www.thesingaporeaninvestor.sg/2024/11/12/what-i-have-learned-from-capitaland-ascott-trusts-presentation/?utm_source=rss&utm_medium=rss&utm_campaign=what-i-have-learned-from-capitaland-ascott-trusts-presentation
Stocks to watch: Aims Apac Reit, Keong Hong
https://www.businesstimes.com.sg/companies-markets/stocks-watch-aims-apac-reit-keong-hong
US Steel drops as Biden plans to block sale to Nippon Steel
https://www.businesstimes.com.sg/companies-markets/energy-commodities/us-steel-drops-biden-plans-block-sale-nippon-steel
CNBC Television (Youtube)
It's hard to bet against UnitedHealth, says top analyst in wake of insurance unti CEO killing
John Ransom, Raymond James, joins 'Fast Money' to talk negative sentiment around health care insurers right now and if policy change is on the horizon.
Citi cuts ESG analyst jobs as research group trimmed
Read: https://link.theedgesingapore.com/zsQv2iBhX8JiXytB8
Follow us on: @theedgesg
Japan's wholesale inflation accelerates, keeps BOJ rate-hike plan in focus
https://www.channelnewsasia.com/business/japans-wholesale-inflation-accelerates-keeps-boj-rate-hike-plan-focus-4799596
Five stories to start your day:
1. OCBC and CIMB vying for controlling stake in Indonesia's Panin Bank, Maybank working on potential bid: Reuters
2. LSEG flags ‘significant gaps’ among APAC firms’ climate transition plans
3. Coffee reaches record with Brazil crop woes adding to crunch
4. AIMS APAC REIT to divest 3 Toh Tuck Link for $24.4 mil
5. Keppel REIT renews lease with DBS Bank
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
OpenAI CFO Friar says she trusts Musk to prioritize national interest
https://www.channelnewsasia.com/business/openai-cfo-friar-says-she-trusts-musk-prioritize-national-interest-4799651
China set to start annual economic meeting to discuss stimulus
Read: https://link.theedgesingapore.com/swFpJF8XHfJSgxeL6
Follow us on: @theedgesg
Citigroup cuts ESG analyst jobs as research group trimmed
https://www.businesstimes.com.sg/companies-markets/banking-finance/citigroup-cuts-esg-analyst-jobs-research-group-trimmed
TRADING IDEAS: 🇸🇬 SINGAPORE
11 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/dec11sg24
@kgisg
🌍 Overnight News That Moved The Market 📊
📈 Google parent Alphabet jumps on quantum chip breakthrough
📉 S&P Global downgrades Intel's credit rating on slow recovery, management changes
🇨🇳 China's exports slow sharply, imports shrink ahead of Trump tariffs
(Source: Reuters)
Google asks FTC to break up Microsoft's cloud deal with OpenAI, the Information says
https://www.channelnewsasia.com/business/google-asks-ftc-break-up-microsofts-cloud-deal-openai-information-says-4799626
Maybank IBG Traders’ Almanac
(11 Dec 2024) - KLCI declines, but sentiment improves
Technical Trading Ideas💡for today:
1️⃣ KAWAN RENERGY BERHAD – 0307 (S)
2️⃣ SKP RESOURCES BHD – 7155 (S)
3️⃣ OCEAN FRESH BERHAD – 0312 (S)
4️⃣ CPO FUTURES (CP: MYR 5,073)
5️⃣ KLCI INDEX FUTURES (CP: 1,609.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
GameStop reports third-quarter profit on spending cuts
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/gamestop-reports-third-quarter-profit-spending-cuts
Japan's wholesale inflation rises in November
https://www.channelnewsasia.com/business/japans-wholesale-inflation-rises-november-4799596
Top bankers see US economy as bright spot under Trump despite tariffs threat
https://www.straitstimes.com/business/economy/top-bankers-see-us-economy-as-bright-spot-under-trump-despite-tariffs-threat
Hartalega Shares Reaches 2 Year High
Shares of Hartalega Holdings (HARTA) rose to a two-year high following the company's announcement of a special dividend of 10.85 sens per share yesterday.
According to its latest Bursa Filing, HARTA reported 1H25 net profit of MYR40.55 million as compared to a net loss of MYR24.77 million a year ago.
HARTA was up MYR0.15 or 4.00% yesterday, with a traded volume of 11.59 million.
Investors bullish on HARTA may consider HARTA-C2E, which provides investors leveraged exposure with an effective gearing of 4.8x! Do be aware that there will be an adjustment for HARTA-C2E on its special dividend ex-date, set for 20 Dec’24.
#DailyHighlights
CNBC Television (Youtube)
Final Trade: LMAT, GOOGL, IBM, GILD
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.