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A place for the Singapore investment community to share information, research and updates.
Bursa Malaysia Midday Recap: CPI Anticipation
The FBM KLCI extended its downward trend as investors await the release of US CPI data (9:30 PM), which could influence the Fed's rate decisions. Broad market sentiment remained weak, with almost all sector indices turning red towards the midday break; only financials was spared. Within the tech space, DNeX stood out with shares hitting a four-month high on news of its joint venture with Gamuda to provide Google Cloud services. Meanwhile, trading of AXIATA shares halted in earlier today, they announced an agreement with Sinar Mas to merge their units in Indonesia.
Amid cautious sentiment, investors may want to look towards defensive names from the consumers space. OFB (Estimated Resistance: MYR 0.540; Stop loss: MYR 0.410) was highlighted in our Traders' Almanac post today. For more information on this technical trade idea, check out today's video above.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Research Highlights
Solarvest Holdings
As our analysts anticipate the company's earnings to play catch up in 2HFY25, our analysts have reflected their views in their latest report. Check out today's post for a view into why they have upgraded their target price for the stock.
#ResearchHighlights
Best Fixed Deposit Rates in Singapore [Dec 2024]
https://growbeansprout.com/singapore-best-fixed-deposit-rate
Capitalising on the mobile app economy with machine learning
Read: https://www.theedgesingapore.com/digitaledge/special-feature/capitalising-mobile-app-economy-machine-learning
Follow us on: @theedgesg
Adani ends US tie-up on Colombo port meant to counter China
https://www.straitstimes.com/business/companies-markets/adani-ends-us-tie-up-on-colombo-port-meant-to-counter-china
Boeing is not out of the woods despite ramping up production: Analyst
https://www.cnbc.com/video/2024/12/11/mike-boyd.html
USA and SG Stock portfolio (30 y/o goals)
After a year of working, I made my first investment of $10K into VTI.… https://thefinance.sg/?p=1657159
Bain to raise offer for Fuji Soft to 9,600 yen a share, above KKR's bid, Nikkei says
https://www.channelnewsasia.com/business/bain-raise-offer-fuji-soft-9600-yen-share-above-kkrs-bid-nikkei-says-4800076
The Business Times (Youtube)
Lens on Daily: Headline news for Wednesday, December 11, 2024
Potential new US sanctions on Russia just before Trump's return, France's political upheaval, Syria's new transitional government, China's increased naval activity, and Singapore's improving adult skills.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Howie Lim / Claressa Monteiro (claremb@sph.com.sg)
Recording engineer: Joann Chai Pei Chieh Produced and edited by: Claressa Monteiro Produced by: BT Podcasts, The Business Times,
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Singapore Office Focused REITs Comparison @ 10 December 2024
https://www.reit-tirement.com/2024/12/singapore-office-focused-reits.html
Japan's TopCon says it is exploring going private and other options
https://www.channelnewsasia.com/business/japans-topcon-says-it-exploring-going-private-and-other-options-4799766
Sustainable aviation fuel volumes growing, but ‘disappointingly slowly’: IATA
Read: https://link.theedgesingapore.com/ztFz2MxSjaoss9PD9
Follow us on: @theedgesg
Explainer-How likely is a Bank of Japan rate hike next week?
https://www.channelnewsasia.com/business/explainer-how-likely-bank-japan-rate-hike-next-week-4799976
OpenAI CFO thinks business users will pay thousands monthly for AI tools
Read: https://link.theedgesingapore.com/DF9bdeAzC5cytQog9
Follow us on: @theedgesg
Nippon Steel slams 'inappropriate' politics in US deal
https://www.channelnewsasia.com/business/nippon-steel-slams-inappropriate-influence-politics-takeover-deal-united-states-japan-4799926
Dasin Retail Trust to terminate remaining mall management agreements
https://www.businesstimes.com.sg/companies-markets/dasin-retail-trust-terminate-remaining-mall-management-agreements
The Edge Singapore
Capitalising on the mobile app economy with machine learning
Read more: https://t.co/tVVD1XfZzI https://t.co/EumfwHfc1W
tweet
Tesla sells 21,900 EVs in China in first week of December, the highest in Q4
https://www.businesstimes.com.sg/companies-markets/transport-logistics/tesla-sells-21900-evs-china-first-week-december-highest-q4
Axiata, Sinar Mas to merge Indonesian units in $8.7 billion deal
https://www.straitstimes.com/business/companies-markets/axiata-sinar-mas-to-merge-indonesian-units-in-8-7-billion-deal
TikTok Shop goes live for Spain, Ireland in Europe rollout
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/tiktok-shop-goes-live-spain-ireland-europe-rollout
Bain to raise offer for Fuji Soft to 9,600 yen a share, above KKR's bid, Nikkei says
https://www.channelnewsasia.com/business/bain-raise-offer-fuji-soft-above-kkr-nikkei-reports-4800076
How likely is a Bank of Japan rate hike next week?
https://www.channelnewsasia.com/business/how-likely-bank-japan-rate-hike-next-week-4799976
TikTok's Canada unit seeks judicial review of shutdown orders
https://www.channelnewsasia.com/business/tiktoks-canada-unit-seeks-judicial-review-shutdown-orders-4800086
Charge+ buys 140 EV chargers from 3 companies ceasing commercial charging services in Singapore
https://www.businesstimes.com.sg/singapore/charge-buys-140-ev-chargers-3-companies-ceasing-commercial-charging-services-singapore
[PREMIUM CONTENT] Morningstar raises SGX’s fair value, following Citi, Morgan Stanley, RHB
Read: https://link.theedgesingapore.com/XT9TExuJyF7r7GFdA
Download our app: edgesg.link/appdl
Charge+ acquires 140 EV chargers from 3 companies ceasing commercial charging services in Singapore
https://www.businesstimes.com.sg/singapore/charge-acquires-140-ev-chargers-3-companies-ceasing-commercial-charging-services-singapore
Morningstar raises SGX’s fair value, following Citi, Morgan Stanley, RHB
Read: https://link.theedgesingapore.com/XT9TExuJyF7r7GFdA
Follow us on: @theedgesg
Maybank downgrades rating on Malaysia property to ‘neutral’ on JS-SEZ delay, lack of new drivers
https://www.businesstimes.com.sg/international/asean/maybank-downgrades-rating-malaysia-property-neutral-js-sez-delay-lack-new-drivers
Suntec REIT cash offer of S$1.16. What should unitholders do?
https://growbeansprout.com/suntec-reit-cash-offer-2024