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DBS VICKERS Daily Newsletter | 11 December 2024
Trump plans to nominate lawyer Mark Meador as FTC Commissioner
Read: https://link.theedgesingapore.com/xzx8NwmceKxyjTyp6
Follow us on: @theedgesg
CNBC Television (Youtube)
Jim Cramer talks the recent fall of enterprise software stocks
'Mad Money' host Jim Cramer talks what is behind recent market movement.
SpaceX share sale values company at about US$350 billion
https://www.businesstimes.com.sg/companies-markets/transport-logistics/spacex-share-sale-values-company-about-us350-billion
Top Stories, 11 December 2024
*1. Stock futures are little changed as investors brace for key inflation data: Live updates*
https://www.kgieworld.sg/research/6plv
*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. As China’s trade slows, Trump’s tariffs loom, analysts urge domestic growth focus*
https://www.kgieworld.sg/research/0mgd
*4. China ready to go deeper into debt to counter Trump's tariffs*
https://www.kgieworld.sg/research/uiql
*5. Oil prices rise on China stimulus, possible tight supply in Europe*
https://www.kgieworld.sg/research/mqzx
*6. EUR/USD retests 1.05 ahead of US CPI inflation, ECB rate call in the barrel*
https://www.kgieworld.sg/research/ge2s
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❌ Trading Halt: AXIATA
Trading in AXIATA shares and AXIATA-C1C Call Warrant has been suspended today (11th December 2024). There will be no market making for the Call Warrant for the moment.
For more info, please visit Bursa Malaysia’s website.
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
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
CNBC Television (Youtube)
Oracle and C3.ai both came into their earnings reports hot, says Jim Cramer
'Mad Money' host Jim Cramer talks the tale of two AI companies with C3.ai and Oracle.
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FW: [Maybank IBG Research] Today's Research
Singapore stocks open flat at Wednesday’s open
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-open-flat-wednesdays-open
CNBC Television (Youtube)
Data centers and enterprise software stocks are the leaders of the market, says Jim Cramer
'Mad Money' host Jim Cramer talks what is behind recent market movement.
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.
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
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/