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A place for the Singapore investment community to share information, research and updates.
US asks court to reject TikTok's bid to stave off law that could ban the app
https://www.channelnewsasia.com/business/us-asks-court-reject-tiktoks-bid-stave-law-could-ban-app-4802201
Global Market Kickstart! 🌎
The Japan Consumption Boost
12 December 2024
📈 Chart of the Week:
Diverging US and EU PMIs Reflect Contrasting Equity Market Trends
💹 Market Recap:
Geopolitical Turmoil in EU and Asia Leaves Global Equities Unshaken
Falling Yields Lift Bond Returns, Bitcoin Breaks $100K, Yen Rises on Rate Hike Expectations
💎 What’s Trending:
French Political Turmoil May Trigger Short Term Volatility in EU Stocks
🔎 In Focus:
Japan's Wage Growth and Fiscal Stimulus Expected to Revive Consumption
Stable Growth, Attractive Valuations Drive Foreign Interest in Japanese Domestic Stocks
🗞️ Product Spotlight:
Selection of HK, U.S., Taiwan Equities, Bonds and Funds/ETFs
Read more:
https://www.kgieworld.sg/research/dec12gmk24
Malaysia launches national AI office for policy, regulation
https://www.channelnewsasia.com/business/malaysia-launches-national-ai-office-policy-regulation-4802231
Morning update ⏰
🌇 Industrial REITs: Recalibrating for the next phase
Demand for multi-user factory space has consistently outpaced new supply, driving rents up by ~15% since FY23. Value-addition strategy will be the main contributor to ~3.8% earnings growth over the next two years. The sector is entering a virtuous growth cycle as acquisition yields are accretive to cost of capital. Find out our top picks.
https://go.dbs.com/3BqtWkE (Login or sign up to read)
🏦 EUR and CAD to find limited relief from their central banks
EUR depreciated for a fourth day by 0.3% ahead of the year's final meeting of the ECB, who is expected to further decrease interest rates. Meanwhile, the CAD appreciated 0.3% overnight after the BOC flagged a more cautious approach. Uncertainty looms due to global economic factors and potential trade disputes. What risks do we see ahead?
https://go.dbs.com/3D7Asgy
US asks court to reject delay to law that would ban TikTok
https://www.channelnewsasia.com/business/us-asks-court-reject-delay-law-would-ban-tiktok-4802201
HSBC, World Bank's IFC launch US$1 billion trade finance programme for emerging markets
https://www.channelnewsasia.com/business/hsbc-world-banks-ifc-launch-us1-billion-trade-finance-programme-emerging-markets-4802031
ServiceTitan prices US IPO above range to raise about $625 million
https://www.channelnewsasia.com/business/servicetitan-prices-us-ipo-above-range-raise-about-625-million-4802186
UOBKH initiates ‘buy’ call on Oiltek with S$1.22 target price on strong order book
https://www.businesstimes.com.sg/companies-markets/uobkh-initiates-buy-call-oiltek-s1-22-target-price-strong-order-book
HSBC, World Bank's IFC launch $1 billion trade finance programme for emerging markets
https://www.channelnewsasia.com/business/hsbc-world-banks-ifc-launch-1-billion-trade-finance-programme-emerging-markets-4802031
Commerzbank to assign more employees to branches in revamp
https://www.businesstimes.com.sg/companies-markets/banking-finance/commerzbank-assign-more-employees-branches-revamp
iFAST Daily Brew ☕️ - 12 Dec 2024
US Markets Surge as Inflation Report Fuels Optimism for Fed Rate Cuts; Asian Indices Decline Amid Ongoing China Economic Meeting
🇺🇸 S&P 500: 0.82% 📈
🇺🇸 NASDAQ: 1.77% 📈
🇪🇺 STOXX 600: 0.28% 📈
🇯🇵 Nikkei 225: 0.01% 📈
🇭🇰 Hang Seng: -0.77% 📉
🇨🇳 CSI 300: -0.17% 📉
🇸🇬 STI: -0.54% 📉
3 Things You Need To Know
1. In November, US CPI increased by 0.3% m/m, in line with forecasts and slightly higher than October’s 0.2% rise. This growth was driven by rising costs in shelter and food. On an annual basis, the CPI rose to 2.7% y/y, meeting expectations and edging up from 2.6% in October.
2. On Thursday, US will report Unemployment Claims, PPI & Core PPI m/m while European Central Bank (ECB) will release Interest Rate Decision.
3. With the release of US CPI data suggesting that pricing pressure remained in control, market expectation for the December rate cut jumped to 98.6% from 88.9% a day ago.
___
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Axiata CEO is a 'firm believer' of market consolidation
https://www.cnbc.com/video/2024/12/12/axiata-ceo-is-a-firm-believer-of-market-consolidation.html
Hong Kong's expat nightlife hub Lan Kwai Fong reshaped by Chinese influx
https://www.straitstimes.com/business/economy/hong-kongs-expat-party-hub-lan-kwai-fong-reshaped-by-chinese-influx
CNBC Television (Youtube)
Mad Money - 12/11/24 | 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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CNBC Television (Youtube)
Today's rally was celebration of pro-corporate regulator, says Jim Cramer
'Mad Money' host Jim Cramer looks at Big Tech's record day and talks what is behind the move higher.
🌏 World's First Emerging Asia ETF traded in SGD debuts on SGX
Lion Global Investors has collaborated with China Merchants Fund Management to list the Lion-China Merchants Emerging Asia Select Index ETF. This is the world's first Emerging Asia ETF traded in SGD, offering investors the convenience of accessing the four fast growing markets in a single trade.
▶️ Find out more about the ETF here: bit.ly/4gv8fi7
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DBS VICKERS Daily Newsletter | 12 December 2024
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-lifted-above-us100000-firming-expectations-fed-cut
Analysts place ‘buy’ call on Oiltek on strong order book, growing demand for sustainable aviation fuel
https://www.businesstimes.com.sg/companies-markets/analysts-place-buy-call-oiltek-strong-order-book-growing-demand-sustainable-aviation-fuel
Gold rises for fifth day as US data lifts Fed rate-cut bets
https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-rises-fifth-day-us-data-lifts-fed-rate-cut-bets
Trump’s national security adviser vows return to ‘maximum pressure’ on Iran
Read: https://link.theedgesingapore.com/JBKyQS1xAJ5yVeKF6
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
Singapore stocks open lower on Thursday; STI down 0.1%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-open-lower-thursday-sti-down-0-1
Maybank IBG Hong Kong - Dim Sum Daily (12 Dec 2024)
1️⃣ The Hong Kong market corrected by 0.7%, with the Hang Seng Index falling 156pts to 20,155pts, on a turnover of HKD 141.6 billion.
2️⃣ Fosun Tourism (1992 HK) surged 80.2% following its privatization announcement (details in the image above).
3️⃣ NetEase (9999 HK) rose by 11.4% month-to-date, outperforming Tencent (700 HK) (+2.9%) and the Hang Seng Index (+3.7%), driven by strong game revenue momentum and the launch of new games (details in the image above)
Trade Your Way Forward. Simple, Smart and Seamlessly.
#MaybankIBGResearch
#MaybankIBGDimSum
Maybank IBG Traders’ Almanac
(12 Dec 2024) - Interest emerges in semiconductor plays
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
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#MaybankIBGTA
Meet SwagBot, the AI-powered robot cattle herder preventing soil degradation
https://www.channelnewsasia.com/business/meet-swagbot-ai-powered-robot-cattle-herder-preventing-soil-degradation-4802131
Investors should hold Bitcoin ‘but not too much’, says billionaire founder of Interactive Brokers
Read: https://link.theedgesingapore.com/sYJ9zv3FkbxxPAxVA
Follow us on: @theedgesg
CNBC Television (Youtube)
Lightning Round: AMD is cheap and should be bought here, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stock including: AMD, Constellation Energy, Rubrik, JD.com, Johnson & Johnson, and Netflix.
Higher DPU Ahead? 5 Singapore REITs Showing Resilience with Improved Results
Despite the headwinds of high interest rates and unfavourable foreign currency against the strong Singapore dollar, these five REITs bucked the trend and reported an improved set of results.
📌 https://thesmartinvestor.com.sg/higher-dpu-ahead-5-singapore-reits-showing-resilience-with-improved-results/