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

[behappyalways]

STI breaks support, may stay volatile
https://www.theedgesingapore.com/capita ... y-volatile

[winston]

2H22 Market Strategy

As Singapore is a relatively defensive market, we believe the STI will perform well in
2H22 on the back of our 14% EPS growth forecast for this year.

Our year-end 2022 target for the STI is 3,390 (3,500 previously), which implies a 10% upside from current levels.

Importantly, the index’s valuations are not stretched at present, trading at 2022F
PE and P/B of 12.4x and 1.0x respectively, and paying a yield of 4.5%.

Source: UOBKH

https://research.uobkayhian.com/content ... 338e555239

[winston]

5 Temasek-Owned Singapore Blue-Chip Stocks for Your Buy Watchlist

We introduce five blue-chip stocks that Temasek Holdings has substantial shareholdings in.

By Royston Yang

Source: Smart Investor

https://thesmartinvestor.com.sg/5-temas ... watchlist/

[winston]

SINGAPORE STRATEGY – SAFE HAVEN FOR STEADY EARNINGS AND DIVIDENDS

Inflation and recession are likely to continue to dominate for the current quarter, and this could potentially impact the job market as well as demand for goods and services.

While Singapore is somewhat shielded, it is not completely independent of these external events.

Risk assets have continued to come under selling pressure, and several markets have seen double-digit declines YTD.

Singapore has largely outperformed, and this is on the back of several core sectors which are less impacted by high raw material and input costs. B

Based on the Straits Times Index (STI), the earnings growth rate is projected at 9.5% for this year and 14.1% in 2023.

Valuations are not expensive and at below 10-year historical averages. Overall, we remain positive on the Singapore market.

Some of our picks include Ascendas REIT, CapitaLand Integrated Commercial Trust, DBS Group Holdings Ltd, Frasers Centrepoint Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, NetLink NBN Trust, Raffles Medical Group, SATS Ltd, SIA Engineering, Singapore Telecommunications, ST Engineering, Thai Beverage, United Overseas Bank, UOL Group and Venture Corp.

Earnings growth of 9.5% for this year
Despite outperformance, valuations are not expensive
Steady earnings and dividends

Source: OCBC

[behappyalways]

Emperador displaces ComfortDelGro as constituent in benchmark Straits Times Index
https://www.theedgesingapore.com/news/c ... imes-index

[winston]

The Top 10 Most Influential Blue Chips in Singapore

Source: The Smart Investor

https://thesmartinvestor.com.sg/the-top ... singapore/

[behappyalways]

No fish, prawn also can..... Singapore market now cannot find good listings


The company’s earnings, however, stood at $73,939, $189,244 and $22,407 for the FY2020, FY2021 and FY2022 respectively.

NoonTalk Media submits preliminary prospectus with SGX-ST
https://www.theedgesingapore.com/news/i ... tus-sgx-st

[behappyalways]

No fish but got duck ....

Founder of Yew Kee Duck Rice seeks SGX listing on Catalist board
https://www.theedgesingapore.com/news/i ... list-board

No fish, prawn also can..... Singapore market now cannot find good listings


The company’s earnings, however, stood at $73,939, $189,244 and $22,407 for the FY2020, FY2021 and FY2022 respectively.

NoonTalk Media submits preliminary prospectus with SGX-ST
https://www.theedgesingapore.com/news/i ... tus-sgx-st

[winston]

Strategy report - Hopping into the Year of the Rabbit

With the Lunar New Year around the corner, Chinese zodiac and Feng Shui talks are hugely popular as investors try to glimpse into what the Year of the Rabbit has to offer.

Based on the S&P 500 Index, which has a longer trading history, it is interesting to note that in the past Years of the Rabbit, which occurred in 1951, 1963, 1975, 1987, 1999 and 2011, the annual gain in those years was an average 14.7%! This is the 4th best average annual return among the 12 zodiac animals.

Singapore’s market lacks excitement is a common charge levied on the market. However, heading into a year of great uncertainty for the global market, especially in an environment of persistently elevated inflation and high interest rates, it is prudent to have some exposure to the stable Singapore market.

Current valuations are at 11.1x price-to-earnings (P/E), 1.1x price-to-book (P/B) and with an estimated dividend yield of 5.1% for the STI.

Some of the stocks on our Singapore focus list include CapitaLand Ascendas REIT, CapitaLand Ascott Trust, ComfortDelGro Corp Ltd, DBS Group Holdings Ltd, Frasers Logistics & Commercial, Frasers Centrepoint Trust, Keppel Corp Ltd, Mapletree Industrial Trust, Netlink NBN Trust, Singapore Technologies Engineering, Singapore Telecommunications Ltd, Thai Beverage PCL, United Overseas Bank Ltd, UOL Group Ltd and Venture Corp Ltd.

Source: OCBC

[behappyalways]

Hiap Hoe, Emerging Towns & Cities, Santak send respective profit warnings
https://www.theedgesingapore.com/capita ... t-warnings