Singapore - Market Strategy 01 (Nov 14 - Dec 23)

Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Tue May 12, 2020 3:46 pm

SGX RegCo removes 'blunt' MTP tool, enhances financial watch-list
https://www.theedgesingapore.com/news/r ... watch-list


Leveraged SocGen product shorting SIA stock now worth zero
https://www.theedgesingapore.com/news/a ... worth-zero
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Mon Jun 01, 2020 5:01 pm

MSCI Singapore Deletions Shave $613 Million Off Market Value
https://www.bloomberg.com/news/articles ... rket-value
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Sat Jun 06, 2020 4:14 pm

Mapletree Industrial Trust to replace SPH in the STI
https://www.theedgesingapore.com/news/c ... ce-sph-sti
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Thu Jun 18, 2020 4:31 pm

Southern Alliance Mining files for IPO of 76 million shares at 25 cents each
https://www.theedgesingapore.com/capita ... cents-each
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby winston » Fri Jun 26, 2020 11:41 am

Singapore Equities: Heading to the polls on 10 July

Singapore’s Prime Minister Lee Hsien Loong announced that the general election (GE) would be held on 10 July. The focal points surrounding this election will likely be on jobs protection, the government’s handling of the Covid-19 pandemic and economic recovery plans.

Historical trends have shown that there is no clear correlation between Singapore’s general elections and performance of the stock market. Based on the historical Straits Times Index (STI) performance from one month before the GE to one month after over the last six elections, the STI registered losses four times and gains two times.

As of 24 June 2020, the STI rebounded 18% from its March lows at 2,233.48, driven by record stimulus packages, stabilisation of Covid-19 infections, and re-opening of the economy in Phase 2. The STI is trading at 13.2x PE, near its 10 year mean of 13.3x. Consensus EPS growth this year is estimated to be -20.9%, and we believe that the negative impact from Covid-19 has largely priced in.

While 2Q earnings are likely to remain weak given the 2 months of Circuit Breaker impact, stimulus packages such as the Job Support Scheme (JSS) and wage support scheme would provide some buffer to cashflows. With the early re-opening of Phase 2 and barring any spike in new infection cases ahead, we expect to see a recovery in 2H and any additional support measures from government could be a bonus.

Our preferred Singapore equity Buy picks are Singapore Telecommunications (ST SP) (FV: S$3.24), CapitaLand Ltd (CAPL SP) (FV:S$3.99), City Developments Ltd (CIT SP) (FV: S$12.01), Ascendas REIT (AREIT SP) (FV: S$3.52), Mapletree North Asia Commercial Trust (MAGIC SP) (FV: S$1.13), ST Engineering (STE SP) (FV: S$3.90) and NetLink NBN Trust (NETLINK SP) (FV: S$1.10).

Source: OCBC
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Sat Jun 27, 2020 5:15 pm

Singapore retail investors buy into stocks offloaded by institutions
https://www.theedgesingapore.com/news/s ... stitutions
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby winston » Mon Jul 13, 2020 1:49 pm

not vested

Our preferred Singapore equity Buy picks are Singapore Telecommunications (ST SP) (FV: S$3.24), CapitaLand Ltd (CAPL SP) (FV:S$3.99), City Developments Ltd (CIT SP) (FV: S$12.01), Ascendas REIT (AREIT SP) (FV: S$3.52), Mapletree North Asia Commercial Trust (MAGIC SP) (FV: S$1.13), ST Engineering (STE SP) (FV: S$3.90) and NetLink NBN Trust (NETLINK SP) (FV: S$1.10).

Source: OCBC
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Thu Jul 30, 2020 2:08 pm

MAS calls on banks to cap dividends for FY20 to 60% of FY19
https://www.theedgesingapore.com/news/b ... 20-60-fy19


Shares of Singapore’s top banks fall after regulator limits dividend payouts for 2020
https://www.cnbc.com/2020/07/30/shares- ... youts.html
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby behappyalways » Sun Aug 09, 2020 5:45 pm

MAS calls on Hong Leong Finance, Singapura Finance, Sing Investments to cut dividends too
https://www.theedgesingapore.com/news/b ... -dividends
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 20)

Postby winston » Mon Aug 24, 2020 8:46 am

Stick With Defensives; Selective Cyclical Exposure

Equity Strategy

Stay invested in defensive names, with selective exposure to cyclical earnings recovery stories.

We note that optimism of the economic recovery is rising amidst Singapore’s declining COVID-19 infections, revision in 2020 NODX forecast to growth from a decline and rising expectations of strong profit growth in 2021.

However, the global COVID-19 situation remains fluid, with a resurgence of cases in some countries.

We recommend investors stick with REITs and defensive stocks, while selectively adding exposure to cyclical recovery names in the consumer, property and transport sectors.

Source: RHB

https://research.rhbtradesmart.com/view ... af6bf379bb
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