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A place for the Singapore investment community to share information, research and updates.
Technical Analysis: 13 December 2024
🇸🇬 SG
Propnex Ltd (PROP SP)
Japfa Ltd (JAP SP)
🇭🇰 HK
China Merchants Bank Co Ltd (3968 HK)
China Construction Bank Corp (939 HK)
Read More: https://www.kgieworld.sg/research/dec13ta24
@kgisg
iFAST Daily Brew ☕️ - 13 Dec 2024
Wall Street eased amid cautious sentiment ahead of Fed meeting next week
🇺🇸 S&P 500: -0.54% 📉
🇺🇸 NASDAQ: -0.66% 📉
🇪🇺 STOXX 600: -0.14% 📉
🇯🇵 Nikkei 225: 1.21% 📈
🇭🇰 Hang Seng: 1.20% 📈
🇨🇳 CSI 300: 1.00% 📈
🇸🇬 STI: 0.43% 📈
3 Things You Need To Know
1. US equities lost steam Thursday, with the S&P 500 and Nasdaq Composite declining -0.5% and -0.7% respectively, as investors weighed stronger than expected wholesale inflation and rising unemployment claims against recent market gains.
2. Asian markets rallied as Chinese stocks surged, with the Hang Seng Index and CSI 300 Index rising 1.2% and 1%, respectively, driven by gains in the technology and property sectors.
3. China signaled plans for increased public borrowing and spending in 2025, with a policy shift toward boosting consumption and ramping up stimulus efforts to drive growth ahead of looming US tariffs.
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Money and Me: Finding attractive S-REITs in a rate cutting environment
https://mystocksinvesting.com/monthly-market-update/money-and-me-finding-attractive-s-reits-in-a-rate-cutting-environment/
[Event] Strategy & Stock Picks 1Q2025
Our highly anticipated Strategy & Stock Picks 1Q2025 will commence on 4 Jan, 10am (SGT) with a focus on the Singapore Market and will conclude on 9 Jan, 7:30pm (SGT).
Seize this opportunity to learn from our research analysts and register for the Strategy and Stock Picks event!
Sign up here for the online sessions: https://tinyurl.com/mpuubmwj
For more details, please check out https://www.poems.com.sg/strategy-stock-picks/
Beauty ( Value ) Is In The Eye Of Beholder
https://stestocksinvestingjourney.blogspot.com/2023/11/beauty-value-is-in-eye-of-beholder.html
Curated Headlines for 13 December 2024
South China Morning Post
Hong Kong stocks advance as investors await details from China economic meeting
China’s economic work conference is expected to conclude on Thursday
https://www.scmp.com/business/china-business/article/3290418/hong-kong-stocks-advance-investors-gear-details-china-economic-meeting?module=top_story&pgtype=section
Hong Kong IPO: Chinese soy sauce maker Foshan Haitian eyes dual listing
The Foshan-based condiment maker’s board has given the go-ahead for the fundraising plan
https://www.scmp.com/business/china-business/article/3290537/hong-kong-ipo-chinese-soy-sauce-maker-foshan-haitian-eyes-dual-listing?module=top_story&pgtype=section
Huawei’s new Mate 70 smartphone chip is ‘not a major redesign’, teardown report finds
The findings contradict enthusiasm on Chinese social media, where users claimed the new Kirin 9020 had a performance boost of 30 per cent
https://www.scmp.com/tech/tech-trends/article/3290532/huaweis-new-mate-70-smartphone-chip-not-major-redesign-teardown-report-finds?module=top_story&pgtype=section
The Business Times
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
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
Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
https://www.businesstimes.com.sg/companies-markets/microsoft-expects-us800-million-impairment-charge-q2-2025-over-general-motors-cruise-exit
The Wall Street Journal
Activist Starboard Value Takes Stake in Bitcoin-Mining Company Riot
Starboard wants Riot to convert some of its bitcoin-mining facilities into space for big data-center users
https://www.wsj.com/finance/currencies/activist-starboard-value-takes-stake-in-bitcoin-mining-company-riot-82b3796f
Novo Nordisk’s Ozempic Gets EU Regulator Endorsement to Reduce Kidney Risks
Study showed the drug cuts the risk of kidney disease-related events in diabetic patients by 24%
https://www.wsj.com/health/pharma/novo-nordisks-ozempic-gets-eu-regulator-endorsement-to-reduce-kidney-risks-c89bc97e?mod=hp_listb_pos3
Barron’s
Costco’s Earnings Topped Expectations. Sales Were a Tad Soft.
https://www.barrons.com/articles/costco-earnings-stock-price-news-e37d18cf?mod=hp_minor_pos23&_gl=1*1qxl0tc*_gcl_au*MTAwNDk0NjUyNS4xNzMxOTczMzQy*_ga*ODQ0MDY0MDUxLjE3MTU4MTcyMTQ.*_ga_K2H7B9JRSS*MTczNDAzODg5NC4xNi4xLjE3MzQwMzk0NTEuMTEuMC4w
CNBC Television (Youtube)
Lightning Round: I don't think Star Bulk's yield can hold up, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stock including: Applied Materials, Star Bulk Carriers, Navitas, and Booz Allen Hamilton.
Five stories to start your day:
1. OCBC joins JS-SEZ excitement; SMEs say moving business to Johor is a 'must do before elimination'
2. ECB cuts for third straight time to prop up flagging economy
3. OPEC+ supply delay won’t prevent oil glut next year, IEA says
4. XMH Holdings reports 1HFY2025 earnings of $12.6 mil, up 94.5% y-o-y
5. Keppel DC REIT receives 79.4% excess applications for preferential offering
📰 Follow us on @theedgesg for market-moving news and the latest headlines.
Maybank IBG Kopi-O (13 Dec 2024)
The KLCI (-0.07%) extended its losing streak, with the healthcare sector (-1.15%) emerging as the weakest performer for the second session in a row. Glove stocks led declines, with HARTA (-3.32%), TOPGLOV (-2.22%), KOSSAN (-3.03%), and SUPERMX (- 2.83%) among the main laggards. In contrast, the construction sector (+0.35%) continued to impress, ranking as the second- strongest gainer this week. Stocks like BNASTRA (+0.56%) and MITRA (+2.99%) displayed strong chart setups.
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
Portfolio & Dividend Update : 4th Aug 2024
https://stestocksinvestingjourney.blogspot.com/2024/08/portfolio-dividend-update-4th-aug-2024.html
Can Gold Future-Proof Your Investment Portfolio?
http://www.3foreverfinancialfreedom.com/2021/06/can-gold-future-proof-your-investment.html
HUYA Inc. - Post-Merger + Transformation in Business Model + Undemanding Valuation
http://www.3foreverfinancialfreedom.com/2021/06/huya-inc-post-merger-entity.html
Stocks to watch: Keppel DC Reit, Singapore Institute of Advanced Medicine
https://www.businesstimes.com.sg/companies-markets/stocks-watch-keppel-dc-reit-singapore-institute-advanced-medicine
Morning with UOB Kay Hian:
🏦 Oversea-Chinese Banking Corp
✔️ Buy Oversea-Chinese Banking Corp Recommendation
✔️ Buy OCBC at S$16.72-16.73. Stop at S$16.33 and profit target at S$18.50
✔️ Price broke out from a pennant continuation chart pattern, hinting at the increased upward momentum
✔️ Conversion and base lines are rising
✔️ MACD remains bullish
BOJ tankan: Japan firms expect CPI to rise 2.4% a year from now
https://www.channelnewsasia.com/business/japan-business-sentiment-improves-slightly-boj-tankan-shows-4804426
Top Stories, 13 December 2024
1. Dow futures are little changed after index posts longest losing streak since April: Live updates
https://www.kgieworld.sg/research/wfx8
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. China pledges more debt, rate cuts to counter Trump's tariff threats
https://www.kgieworld.sg/research/a8z3
4. PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
https://www.kgieworld.sg/research/lwid
5. Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism
https://www.kgieworld.sg/research/8hx4
6. EUR/USD pushed into a fifth straight loss, falls below 1.05 again
https://www.kgieworld.sg/research/imn3
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CNBC Television (Youtube)
We're about to have a president who is the corner man for business, says Jim Cramer
'Mad Money' host Jim Cramer talks President-Elect Trump's visit to the NYSE and his interview with CNBC.
Money and Me: Data Centered S-REITs; here is what you need to know
https://mystocksinvesting.com/monthly-market-update/money-and-me-data-centered-s-reits-here-is-what-you-need-to-know/
Portfolio & Dividend Update : 3rd Qtr 2023
https://stestocksinvestingjourney.blogspot.com/2023/09/portfolio-dividend-update-3rd-qtr-2023.html
What we learnt from our dialogue with European S-REITs
https://growbeansprout.com/european-singapore-reits-discovery-series
🇸🇬 [Webinar Playback] SGX Discovery Series: Unlocking Opportunities: Navigating the landscape of European S-REITs
Interested to find out more about Singapore-listed European Real Estate Investment Trusts (REITs)? This webinar aims to equip you with a comprehensive understanding of the European S-REITs, and the necessary insights to navigate the evolving landscape of the sector. Watch this playback to find out exciting prospects of investing in this dynamic sector, featuring senior executives of leading European REITs including Cromwell European REIT, Elite UK REIT and IREIT Global.
➡️ Access the full recording here: bit.ly/4g4SsH9
CNBC Television (Youtube)
Mad Money - 12/12/24 | 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)
Jim Cramer breaks down President-Elect Trump's visit to the NYSE today
'Mad Money' host Jim Cramer talks President-Elect Trump's visit to the NYSE and his interview with CNBC.
2023 Portfolio & Dividend Update
https://stestocksinvestingjourney.blogspot.com/2024/02/2023-portfolio-dividend-update.html
(Seminar) Unlocking Yield: Mastering Your Portfolio in a New Rate Era
https://mystocksinvesting.com/seminars/seminar-unlocking-yield-mastering-your-portfolio-in-a-new-rate-era/
Jun 2021 - Portfolio & Transaction Updates
http://www.3foreverfinancialfreedom.com/2021/06/jun-2021-portfolio-transaction-updates.html
Year-in-Review: 8 Companies That Raised Their Dividends in 2024
As we prepare to welcome 2025, eight companies managed to raise their dividends this year.
📌 https://thesmartinvestor.com.sg/year-in-review-8-companies-that-raised-their-dividends-in-2024/
🎥 Exclusive Videos on Market Outlook 1H2025 🎥
📊 Macroeconomics
In this video, our Chief Economist, Selena Ling, will explore the potential policy impact under U.S. President-elect Trump, who is set to take office on January 20, 2025. Financial markets have started to pre-empt Trump’s threats of significantly higher tariffs on China, Mexico, and Canada, on concerns about the potential impact on inflation and economic stability.
Click here to watch!
📊 Indonesia
Indonesia's 2024 political transition has been smooth, with a focus on maintaining economic stability and fostering growth. While the new government aims for ambitious growth targets, it's crucial to balance fiscal prudence with economic stimulus.
Click here to watch!
#OCBCResearchInsights #Videos
Trump trade adviser warns against currency manipulation as China mulls weaker yuan
https://www.straitstimes.com/business/economy/trump-trade-adviser-warns-against-currency-manipulation-as-china-mulls-weaker-yuan
How To Profit Against Huge Inflation Ahead
http://www.3foreverfinancialfreedom.com/2021/06/how-to-profit-against-huge-inflation.html