Singapore - Market Strategy 01 (Nov 14 - Dec 25)

[behappyalways]

News Headlines
http://sgx.i3investor.com/jsp/newshl.jsp


Blog Headlines
http://sgx.i3investor.com/jsp/blog/bloghl.jsp

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Hold Off Your Excitement As Yuan Devaluation Sparks Stock Market Rout
http://www.sharesinv.com/articles/2015/ ... si_desktop

[behappyalways]

Singapore listed companies lost $83 bil in value in August
http://sgx.i3investor.com/servlets/fdnews/53601.jsp

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China Brokers Shut Out of Own Futures Market Try Singapore
http://www.bloomberg.com/news/articles/ ... -singapore

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Healthcare firms’ profits feared to dive 16% as medical tourism wears out
http://sbr.com.sg/healthcare/news/healt ... -wears-out


Chart of the Day: Here’s proof that Singapore's stock market is a bargain hunter’s paradise
http://sbr.com.sg/markets-investing/new ... s-paradise

[behappyalways]

Singapore Braces for Challenging Times
http://www.bloomberg.com/news/videos/20 ... ging-times

[winston]

Daiwa’s Top 10 Singapore Stock Picks

Broker says valuations appear to be at trough levels after selloff. Overweight banks is the best way to profit.

http://www.barrons.com/articles/daiwas- ... 1444120176

[winston]

Go for earnings visibility, US$ beneficiaries and value unlocking.

Although STI’s valuation now hovers at an undemanding -1SD PE level of 12.2x (FY16), the lacklustre GDP and earnings growth outlook, Fed rate hike uncertainties, possibility of another kitchen-sink quarter in 4Q will keep investors at bay.

Amid the challenging environment, we prefer companies with earnings visibility and yield support – Sheng Siong, Mapletree Greater China Commercial Trust (MAGIC), Venture, Riverstone, US$ beneficiaries (Venture and Riverstone) and companies with potential to unlock value (Capitaland, Frasers Centrepoint Ltd and Capitaland Retail China Trust).

M&A deals on a roll. M&A and restructuring opportunities could gather momentum following the sharp correction in equity markets in 3Q. This is evident by recent deals - Keppel Corp privatising Keppel Land, SIA privatising Tiger Air and private equity funds buying out Saizen REIT.

Challenging operating conditions could trigger consolidation in shipyards and companies in the aircraft maintenance sector while bargain hunters and private equity investors have been seeking opportunities in bombed out names in oil and gas sector.

Source: DBS

[behappyalways]

Here are five listed companies that are likely to go private soon
http://sbr.com.sg/markets-investing/new ... ivate-soon

[winston]

Singapore Strategy: Further downside risk; Stay defensive

We have shaved our current earnings estimates for the Singapore market even further post 3Q15 results.

We have turned more bearish on the Offshore & Marine sector. Defensive sectors have outperformed, such as Healthcare and Consumer, despite earnings misses, indicating low risk tolerance.

No stocks outperformed post earnings disappointments suggesting risks not fully priced in. With fundamentals weak, we expect further downside before value emerges and buying resumes.

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/M ... 0b1016.pdf