SGX
Phillip Capital Market Reports:
Phillip Daily Morning Note :
US Market (By Phillip Global Markets Night Desk)
OCBC
Sun Hung Kai Properties (16 HK) - Cheapest it has ever been over the past decade
Enphase Energy (ENPH US) - Welcoming a more dovish stance by the Fed
SolarEdge Technologies (SEDG US) - A more dovish stance by the Fed would be welcomed
DBS
daily newsletter
Dow Jones Industrial Average closed at 37,248.35, marking its second consecutive record high close
The benchmark 10-year US Treasury yield tumbled below 4% for the first time since August
The yen strengthened to 142.6 against the USD after the Fed signalled rate cuts
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Latest changes: DBS Equity Picks
DBS Equity Picks have consistently outperformed market benchmarks since inception.
NEW ADDITION(S)
Increase exposure to Seatrium in Growth category (Singapore)
NEW REMOVAL(S)
Remove Mapletree Logistics Trust from Dividend category (Singapore)
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Singapore REITs
Time to board the S-REIT train
Time to invest as interest rate fears abate
S-REITs overall financial strength and positive operational metrics imply that returns are likely to be resilient (rather than declining)
Growth momentum to pick up from FY24F-25F as asset cycles remain firmly in landlords’ favour (still)
What type of S-REITs do we prefer?
Singapore Equity Picks: Read more
Hong Kong Equity Picks: Read more
UOB
UOBKH: Country Dailies: Friday, December 15, 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: Friday, December 15, 2023
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REG: Monthly Technical Regional Indices Watch
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UOBKH: Regional Morning Meeting Notes: Friday, December 15, 2023 [GC Automobile, 709 HK, 2378 HK, WIFI IJ, MAL Telecommunications, ASTRO MK, ECW MK, YNS MK, KMLY SP, TH Retail, PTTEP TB]
KGI
Top Stories, 15 Dec 2023
1. Stock futures are little changed after Dow notches fresh record: 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 prices settle higher on weaker dollar, crude demand optimism
4. Xi Jinping urges ‘to the letter’ compliance as China’s economic recovery remains top concern
5. Gold touches 10-day high as Fed hints at lower US rates next year
6. AUD/USD attracts some buyers near 0.6700 ahead of Chinese data
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Technical Analysis: 15 December 2023
🇸🇬 SG
City Developments Ltd. (CIT SP)
UOL Group Ltd. (UOL SP)
🇭🇰 HK
Kerry Logistics Network Ltd (636 HK)
Samsonite International SA (1910 HK)
Read More: https://www.kgieworld.sg/research/dec15ta23
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TRADING IDEAS: 🇸🇬 SINGAPORE
15 December 2023
🏙 Genting Singapore Ltd (GENS SP): China-Singapore mutual visa-free in 2024
BUY Entry 0.97 – Target – 1.05 Stop Loss – 0.93
🏢 Singapore Airlines Ltd. (SIA SP): Upbeat outlook in 2024
BUY Entry 6.44 – Target – 6.80 Stop Loss – 6.26
➡️ Read More: https://www.kgieworld.sg/research/dec15sg23
CIMB
▍ What's on the Table...
MAL: CGS-CIMB Daybreak - 15 December 2023
MAL: Yinson Holdings Bhd (ADD, tp:MYR3.18▼) - Record 3QFY24 core earnings - 15/12
9MFY1/24 core net profit exceeded expectations at 79% of our full-year forecast due to strong EPCIC revenue and profit recognition. Reiterate Add as Yinson remains on track to deliver on its three FPSO projects, which should drive core net profit to above RM1bn by FY27F. We reduce our end-CY24F SOP-based TP slightly to RM3.18 as we recalibrate our net debt forecasts.
▍ News of the Day....
Trendspotter – MY- CCK Consolidated Holdings (7035) (Technical Buy, 0.84): More upside ahead?
• Bursa announces 11 new constituents to the F4GBM and F4GBMS Indices
• Perak gov. confirms cabinet’s approval of 60km West Ipoh Span Expressway
• KLK proposes acquisition of two Indonesian palm oil companies for RM276.6m
• Crest Builder secures RM314.5m construction contract from UEM Land
• Sapura Energy granted extension to 31-May-24 to submit regularisation plan
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Trendspotter of the day (SIN/HKG/MAL): 15th December 2023
Please refer to below for the technical charts of the day.
SIN
Bullish continuation
Bullish uptrend remain strong
Upside continuation
HKG
Bullish accumulation
Bottoming out
MAL
More upside ahead?
Another leg up?
Lim&Tan
MORNING UPDATE 15 DEC 2023: FINANCIAL MARKETS, SEMBCORP INDUSTRIES, KEPPEL DC REIT, BCA/BLOOMBERG MACRO NEWS
MayBank
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