My Notes to Investors:
The following is my observations, and I filter the followings from last week news for your readings:
Pointer 1: Currently, market is gearing up aggressively on Property and REIT counters on the anticipation the long waited U.S. interest rate cut that will likely happen in September. But we still need wait for the job data this week, and U.S.CPI on 11 Sep, next week for more confirmation.
But recently, DBS sold Capitaland Ascott Trust before U.S. rate cut, it may drop hints to investors that the expectations of the possible upside on property sectors may be overstretched.
DBS sells 1.5 mil units in CLAS for $1.4 mil: https://www.theedgesingapore.com/capital/insider-moves/dbs-sells-15-mil-units-clas-14-mil
Pointer 2:
In the month of September, I am still positive on Gold even it had pulled back today. And counters that can continue to buy for September... include SIA, SGX, and ST Engineering for longer term investment.
SIA receives approval from Indian government for FDI into the enlarged Air India https://www.theedgesingapore.com/news/aviation-engineering/sia-receives-approval-indian-government-fdi-enlarged-air-india
Pointer 3:
Which counters that are underwritten by UOB before for IPO, may run again... recent spotted counters: ISOTeam, AZTech Global... (short-term)
UOB signs MOU with Johor’s state investment agency; ‘green lane’ for FDIs to be set up
https://www.theedgesingapore.com/news/singapore-malaysia-ties/uob-signs-mou-johors-state-investment-agency-green-lane-fdis-be-set
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