My Commentaries at Zao Bao : https://www.zaobao.com.sg/finance/singapore/story20231212-1455741
SGX
kopi-C with Emperador’s International Division CEO: "Think global, adapt local
Phillip Capital Market Reports:
Phillip Daily Morning Note :
US Market (By Phillip Global Markets Night Desk)
OCBC
CK Infrastructure Holdings Limited (1038 HK) - Peaking bond yields
DBS
Your daily newsletter
US core inflation rose 0.3% in November, in-line with expectation.
India’s November CPI at 5.55% y-o-y, the first time in 5 months fuelled by rising food prices.
Japan’s December larger manufacturer Tankan survey came in at 12, better than the 10 expected
Regional Energy: Oil and Gas
Stay nimble for better returns
We lower our 2024 oil price forecasts as OPEC+ deal disappoints, inventories continue to build
Meanwhile, as refining margins bounce off 4Q23 lows, could make sense to long downstream/ short upstream in the near term as a tactical trade
Longer term bets in upstream & integrated names may have to wait for better entry points, despite share prices having corrected between 10-40% from recent peaks in September
What is our 2024 oil price forecast?
Singapore Equity Picks: Read mor
Hong Kong Equity Picks: Read more
UOB
UOBKH: Country Dailies: Wednesday, December 13, 2023
Click on the link for Greater China Daily.
Click on the link for Indonesia Daily.
Click on the link for Malaysia Daily.
Click on the link for Singapore Daily.
Click on the link for Thailand Daily.
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UOBKH: Retail Market Monitor: Wednesday, December 13, 2023
KGI
Technical Analysis: 13 December 2023
🇸🇬 SG
AEM Holdings Ltd (AEM SP)
Frencken Group Ltd (FRKN SP)
🇭🇰 HK
Shangri-La Asia Ltd (69 HK)
Trip.com Group Ltd (9961 HK)
Read More: https://www.kgieworld.sg/research/dec13ta23
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TRADING IDEAS: 🇸🇬 SINGAPORE
13 December 2023
🏙 Genting Singapore Ltd (GENS SP): China-Singapore mutual visa-free in 2024
BUY Entry 0.95 – Target – 1.05 Stop Loss – 0.90
🏢 Singapore Airlines Ltd. (SIA SP): Upbeat outlook in 2024
Entry 6.44 – Target – 6.80 Stop Loss – 6.26
➡️ Read More: https://www.kgieworld.sg/research/dec13sg23
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Top Stories, 13 Dec 2023
1. Stock futures tick higher as traders await Fed decision: Live updates
2. Bursa Malaysia East Malaysia Crude Palm Oil Futures (FEPO). FEPO is a Ringgit Malaysia ("MYR") denominated Crude Palm Oil Futures Contract traded on Bursa Malaysia, complementing the existing FCPO contract with specifications designed to meet the needs of market participants with exposure to the East Malaysia palm oil market.
Find out more: https://www.kgieworld.sg/futures/bursa-malaysia-fepo
3. Oil falls more than 3% on softening demand, oversupply concerns
4. Xi provides positive vision for China and EU relations in talks
5. China and Vietnam agree to build 'shared future'
6. USD/JPY Price Analysis: Set to extend losses as bears take control
CIMB
SIN: DBS Group - Regional financial conference takeaways (HOLD - Maintained)
Trendspotter of the day (SIN/HKG/MAL): 13th December 2023Please refer to below for the technical charts of the day.
SIN
Bullish rebound at bottom
HKG
Uptrend resuming?
Bullish rebound signal kicking in
MAL
At 9-month high
Renewed buying interest?
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ASEAN: CGS-CIMB ASEAN Daily - 13 December 2023
▌ TARGET PRICE CHANGES
THB: Osotspa (ADD, tp:THB24.00▼) (ESG) - Weaker sales outlook in Myanmar (12/12)
▌ ECONOMIC & STRATEGY NOTES
MAL: Strategy Flash Note - Cabinet reshuffle (12/12)
▌ SECTOR & COMPANY NOTES
SIN: DBS Group (HOLD, tp:SGD35.30) (ESG) - Regional financial conference takeaways (12/12)
THB: Banks (OVERWEIGHT) - Loan conditions survey at Thai Motor Expo (12/12)
▌ RECENT 'IDEAs OF THE DAY'...
MAL: Navigator-Strategy - Multiple tailwinds support comeback in 2024 (11/12)
ASEAN: Economic Focus - Not a time to convalesce (6/12)
THB: Strategy Note - Navigating Thailand (1/12)
MAL: Banks (OVERWEIGHT) - Don’t lose sleep over asset quality (16/11)
MAL: Utilities - Overall (OVERWEIGHT) - Malaysia, ASEAN’s renewable battery (6/11)
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APAC: ASIA Pacific Daily - 13 December 2023
▌ RECOMMENDATION CHANGES & INITIATIONS...
KR: NCSOFT (HOLD▲, tp:KRW260,000.00▲) - End of Lineage IP erosion (12/12)
▌ TARGET PRICE CHANGES...
CHN: China Merchants Bank-A (ADD, tp:CNY37.90▼) - Regional financial conference takeaways (12/12)
HKG: China Merchants Bank (ADD, tp:HKD40.40▼) - Regional financial conference takeaways (12/12)
HKG: Prudential PLC (ADD, tp:HKD114.00▼) - Key regional financial conference takeaways (12/12)
THB: Osotspa (ADD, tp:THB24.00▼) (ESG) - Weaker sales outlook in Myanmar (12/12)
▌ STRATEGY & ECONOMIC NOTES...
MAL: Strategy Flash Note - Cabinet reshuffle (12/12)
▌ SECTOR & COMPANY NOTES...
SIN: DBS Group (HOLD, tp:SGD35.30) (ESG) - Regional financial conference takeaways (12/12)
THB: Banks (OVERWEIGHT) - Loan conditions survey at Thai Motor Expo (12/12)
▌ RECENT 'IDEAs OF THE DAY'...
MAL: Navigator-Strategy - Multiple tailwinds support comeback in 2024 (11/12)
ASEAN: Economic Focus - Not a time to convalesce (6/12)
THB: Strategy Note - Navigating Thailand (1/12)
KR: Hugel Inc (ADD, tp:KRW181,000.00▲) - Riding on China’s BTX market expansion (24/11)
MAL: Banks (OVERWEIGHT) - Don’t lose sleep over asset quality (16/11)
Lim&Tan
MORNING UPDATE 13 DEC 2023: FINANCIAL MARKETS, ST ENGINEERING, SEMBCORP INDUSTRIES, BCA RESEARCH / BLOOMBERG MACRO FINANCIAL NEWS
MayBank
MAYBANK SECURITIES - EM Asia Headlines 13122023
Indonesia
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