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Writer's pictureAda Tam Ying Ying
Nov 27, 20233 min read

22 Nov2023 Reports

Updated: Nov 27, 2023


SGX













 

Phillip Capital Market Reports:


Phillip Daily Morning Note :




US Market (By Phillip Global Markets Night Desk)






 

OCBC















 

DBS


Your daily newsletter

  1. US Fed signalled it will maintain rate barring inflation shock, with no indication of possible rate cuts

  2. Binance’s CEO, Zhao to step down as part of US$4.3bn settlement for breaking anti-money laundering laws

  3. Nvidia’s 3Q23 earnings beat expectations, conceded competitiveness harmed by expanded China export controls


China Brewery Sector

Premiumisation ain’t over

  1. As we trace the development of the US beer industry over the last 40 years, China stands at the right spot to replicate the success of premiumisation for another 10 years

  2. YTD ASP expansion intact, fuelled by product mix shift as premium beers remain highly affordable, overthrowing earlier market concerns on consumption downgrade for the sector

  3. Which are our top China brewery picks?

  4. Click here to read our views



Singapore tourism plays

Seasonal lull in tourist arrivals before an anticipated uptick towards year end

  1. End 3Q and Early 4Q marks the start of the seasonal lull in tourist arrivals

  2. Expectation for improving visitor arrivals come December should underpin stable 4Q (qoq) performance

  3. What is our top pick among stocks with primary exposure to Singapore tourism?

  4. Click here to read our views



BRC Asia Ltd (BRC SP)

BRC reports second highest full year net profit

  1. FY23 revenue dipped 4% yoy to S$1627m attributed to the heightened safety period, broadly in line with expectations

  2. Net profit of S$75.7m declined 16% yoy, above our expectations on higher reversal of provision of onerous contracts and growth in other income

  3. What is our outlook for the company?

  4. Click here to read our views



Trip.com Group Ltd (9961 HK)

Future growth driven by outbound and international segments

  1. Revenue surged 99% y-o-y to Rmb13.7bn, in line; earnings beat consensus by 44%

  2. Outbound hotel and air reservations in 4Q23 should recover to c.80% of the 2019 level

  3. Do we believe the company’s growth momentum will continue?

  4. Click here to read our views


Singapore Equity Picks: Read more

Hong Kong Equity Picks: Read more

 

UOB


UOBKH: Country Dailies: Wednesday, November 22, 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, November 22, 2023



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UOBKH: Regional Morning Meeting Notes: Wednesday, November 22, 2023 [GC Industrial Automation, 9888 HK, 1024 HK, MNSO US, 9961 HK, MIKA IJ, KPG MK, SPTOTO MK, SCGB MK, EMI SP, TH Strategy, ONEE TB]



 

KGI


Technical Analysis: 22 November 2023                

               

🇸🇬 SG             

AEM Singapore Pte Ltd. (AEM SP)

Frencken Group Ltd (FRKN SP)

            

🇭🇰 HK               

ASMPT Ltd (522 HK)

China Traditional Chinese Medicine Holdings Co Ltd (570 HK)

               

 

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TRADING IDEAS: 🇸🇬 SINGAPORE                                                 

22 November 2023                                                 

            

🏙 Centurion Corp Ltd (CENT SP): Early signs of a re-rating catalyst

BUY Entry 0.40 – Target – 0.44 Stop Loss – 0.38

                                     

🏢 China Aviation Oil Singapore Corp. Ltd. (CAO SP): Tailwinds from China-US summits  

BUY Entry 0.85 – Target – 0.91 Stop Loss – 0.82

                                          


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Top Stories, 22 Nov 2023


1. Asia markets largely poised for fall after Fed minutes show no indication of rate cuts

 

 

2. Introducing HKEX Options on Futures Contracts (OOF) on on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures. The new OOF will offer investors the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.

 

 

3. Rising US debt stokes calls in Congress for special fiscal commission

 

 

4. Oil edges lower on caution ahead of OPEC+ meeting

 

 

5. China supply-chain expo: Apple, Amazon and other ‘enthusiastic’ industry giants to see how self-reliant China has become

 


6. Gold Price Forecast: XAU/USD advances to $2,000 on the lower US yields





 

CIMB


Please refer to below for the technical charts of the day.

 

SIN

  • Bullish break above

 

  • Bullish break to the upside likely

 

HKG

  • Early uptrend

 

 

MAL

  • To push on from here

 

  • Starting to shine?


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Lim&Tan








 

MayBank







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