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

Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby behappyalways » Tue Nov 24, 2015 9:27 am

Singapore Oil Borrowers Seek More Slack to Avoid Bond Defaults
http://www.bloomberg.com/news/articles/ ... d-defaults
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby winston » Tue Dec 01, 2015 10:25 am

Singapore Strategy: Bumpy road ahead, but opportunities exist

Market sentiment in 2015 was dragged down by several key events including Yuan devaluation, the sell-down in Chinese equities, slower growth from Emerging Markets and weakness in commodities.

The uncertainty on the pace and level of the next rate hike throughout 2015 also created added volatility in the market and led to wide price fluctuations in the market at each FOMC meeting.

Current valuations are close to trough valuations, largely because the market is pricing in greater uncertainty ahead.

At current levels, the STI is trading at 11.9x earnings, 1.1x book and with an average dividend yield of 4.3% for FY16.

These levels are now close to the levels seen in the previous two crises in 2008/09 and 2011 and we believe this is not warranted.

We continue to favor AREIT, CapitaLand, CapitaLand Mall Trust, DBS, Frasers Centrepoint Trust (FCT), Keppel DC REIT, QAF, Raffles Medical, Sheng Siong, Singapore Post, SingTel, ST Engineering, Thai Bev, UOL, Venture and Wing Tai.

Source: OCBC
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby winston » Wed Dec 02, 2015 11:29 am

Strategy

For 2016, our stock picks comprise well-positioned quality stocks with good track records.

The list includes Comfort DelGro, Dairy Farm, DBS, First Resources, Frasers Centrepoint Trust, Ho Bee, SilverLake Axis and Wing Tai.

In the more adventurous small/mid-cap space, we like China Everbright Water Ltd, Ezion, Global Invacom, IPS Securex, Oxley Holdings, SIIC and Singapore Shipping.

Top SELLS are CDLHT, Keppel REIT, Eu Yan Sang, SembCorp Marine and Super Group.

Source: RHB
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby winston » Thu Dec 03, 2015 2:58 pm

Overweight Property and Transport.

Our model portfolio favours sectors which are less externally driven and could be beneficiaries of domestic policies, including the Property and Transport sectors.

Our top picks are CDL, Singtel, and DBS.

Other preferred stocks include SIA, Wilmar, Genting, CMT, SCI, SATS, and Raffles Medical.

We are cautious on Capital Goods, Telco, and Office REITs.

Our least preferred are M1, Starhub, and Suntec REIT.

Source: CS
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby behappyalways » Tue Dec 08, 2015 4:11 pm

Singapore Builders Overleveraged, Underachieving as Debt Matures
http://www.bloomberg.com/news/articles/ ... bt-matures
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby winston » Tue Dec 15, 2015 9:43 pm

Singapore-stocks fund EWS tumbles 20% over the past six months
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby winston » Thu Dec 17, 2015 11:17 am

Singapore Strategy for 2016

We see the lift off in interest rates, currency volatility, oil prices, changes in domestic policies and restructuring initiatives to be key
drivers for 2016.

We are overweight Transport, which is a beneficiary of low oil prices and Property developers, which are trading at distressed valuations with upside catalyst from potential policy relaxation.

We pick smart nation proxies, beneficiaries of domestic policy changes and companies in value unlocking mode, generating upside in dividend payout.

Our stock picks are Capitaland, CityDev, Ezion, Frasers Centrepoint Ltd, Japfa, Mapletree Greater China, ST Engineering, Sheng Siong, Thai Bev and Venture Corp

Source: DBS
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 15)

Postby behappyalways » Mon Jan 11, 2016 3:20 pm

Chart of the Day: Here's proof that Singapore O&M stocks are still too expensive
http://sbr.com.sg/energy-offshore/news/ ... -expensive
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 16)

Postby behappyalways » Tue Jan 12, 2016 8:50 pm

New York Composite leading US down



11th January 2016: US markets are well supported, except for the NYSE Composite Index, which I have been following first and foremost as a leading indicator for the US. The NYSE Composite has a clear target with six or seven percent downside, at least.
Europe: Eurostoxx is well supported at the current level. But EFA needs to fall four or five per cent more before reaching good support.
Euro: still trapped by resistance. Downside of US 90 cents still a plausible prospect.
Japan: The Nikkei is still well supported and long term looks bullish. However, the index could be held back by the global trend. The current bullish channel could require as much as two years to reach target.
Australian dollar: supported but no sign of bottoming yet, merely an accumulation on support.
Oil: broken support at 34 and heading for support at 25.
Gold: nothing much. Short term bottom has little significance.
Hong Kong: support at around 20,000. The market is still cheap. But it's been cheap for about five years. No doubt China is holding it back.
China: testing mean-support on the log chart.
Thailand: Big top scenario with danger of a fall below 1,200. Several factors point to the worst: SET is still highly valued and both Communications and Banking have lower targets.

Charts current to 8th January 2016.
http://asiachart.com/
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Re: Singapore - Market Direction 11 (Nov 14 - Dec 16)

Postby winston » Wed Jan 13, 2016 8:26 am

Investors can also position into our 2016 stock picks that are Capitaland, City Developments, Ezion, Frasers Centrepoint Ltd, Japfa, MAGIC, Sheng Siong, ST Engineering, Thai Beverage and Venture Corp.

Source: DBS
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