top of page
Writer's pictureAda Tam Ying Ying

Market Update : Sell away/Reduce your holdings by this Friday

(Update from 27th Sep - 4th October and market forecast)


๐ŸŒ€

Last week... was the last week of 3rd quarter (Q3) and the three major U.S. indexes S&P, Dow Jones and Nasdaq had dropped to the lowest since mid of August. STI had also evaporated all the gains in Q3...


Q4 just started... and the equity markets started off well so far...


๐ŸŒ€

My Interview with ZaoBao dated 29th Sep:


MARKET SUMMARY

For ZaoBao Subscriber, Click HERE



๐ŸŒ€

To Investors :

Investment tip takeaway ๐Ÿฆ‰ this week:

This week is simply... Sell away or reduce your holdings by this Friday.


Last week, STI tested 3100 critical support, and any big chips were thrown down and broke down from support levels. And basically, I would maintain my previous recommendation: Sell whenever prices rebound. And entering into October, I preferred to unload more holdings and will only buy back in the month of Nov.



๐Ÿ“Economic Calendar: 2nd-7th Oct๐Ÿ“

Singapore

(Mon, 3 Oct 2022)

Manufacturing PMI Sep (50.0 โžก๏ธ 49.9)

(Wed, 5 Oct 2022)

Retail Sales

(Fri, 7 Oct 2022)

Foreign Reserves USD (MoM) Sep


United States

(Mon, 3 Oct 2022)

ISM Manufacturing PMI Sep (52.8โžก๏ธ 50.9)

(Tues, 4 Oct 2022)

Factory Orders (MoM) Aug (-1.0% โžก๏ธ0.0%) ,

JOLTs Job Openings Aug (11.170Mโžก๏ธ10.053M)

(Wed, 5 Oct 2022)

OPEC Meeting, Exports, Imports, Trade Balance Aug, ISM Non-Manufacturing PMI, Crude Oil Inventories (Thu, 6 Oct 2022)

Initial Jobless Claims

(Fri, 7 Oct 2022)

Nonfarm Payrolls Sep, Unemployment Rate Sep

๐Ÿ•ณ๏ธ

2022 FOMC Meetings:

November. 1-2 ; December. 13-14*


Australia

(Mon, 3 Oct 2022)

RBA Interest Rate Decision Oct (2.35% โžก๏ธ2.6%)


China

(Mon-Fri, 3-7 Oct 2022)

Holiday

(Thu, 6 Oct 2022)

Caixin Manufacturing PMI, Manufacturing PMI, Non-Manufacturing PMI


๐ŸŒ€

Last Week Economic Data Review :


Singapore

Industrial Production YoY Aug (0.8%โžก๏ธ0.5%) better than expected

URA Property Index Q3 (3.5โžก๏ธ3.4%)

Bank Lending (838.0Bโžก๏ธ842.8B)

United States

CB Consumer Confidence Sep (103.6โžก๏ธ108.0)

New Home Sales Aug (532Kโžก๏ธ685K)

Goods Trade Balance Aug (-90.19Bโžก๏ธ-87.30B)

Pending Home Sales MoM Aug (-0.6%โžก๏ธ-2.0%)

Crude Oil Inventories (1.142Mโžก๏ธ-0.215M)

GDP QoQ Q2 (-1.6%โžก๏ธ-0.6%)

Initial Jobless Claims (209Kโžก๏ธ193K)

Core PCE Price Index MoM Aug (0.1%โžก๏ธ0.6%)

Personal Spending MoM Aug (-0.2%โžก๏ธ0.4%)

Michigan Consumer Sentiment Sep (59.5โžก๏ธ58.6)

China

China Industrial Profit Aug (-1.1%โžก๏ธ-2.1%)


ย 

"It is during our darkest moments that we must focus to see the light."

ย 

๐Ÿ“Œ

Other Focus (Highlights of Results / Corporate Actions):

โ€‹

๐Ÿ’ก SGX <Analyst Research>


Other extracted news:

  • MAS October tightening may not be enough for Singdollar to outpace the US dollar

  • Government releases yet another set of property cooling measures amid rising market interest rates

  • Majority of Singapore CEOs believe that a recession is likely to impact their earnings over the next year: KPMG

  • Govt measures pull the brakes on accelerating HDB house prices as mortgage rates continue to rise

  • GIC seeks Japan property deals as Yen falls and tourists return

  • Singapura Finance launches Mobile and Internet Banking

  • Best World International submits trading resumption proposal

  • EC World REIT to divest indirect interests in Bei Gang Logistics and Chongxian Port Logistics for $276.0 mil

  • CapitaLand Ascendas REIT to convert office property in San Diego to life sciences property

  • SATS's 'transformational' acquisition rattles market but long-term potential in the making

  • OPEC+ will consider output cut of more than 1 mil barrels

  • Tesla slumps as deliveries disappoint due to shipping snarls

  • Meta to cut headcount for first time, slashes budgets across teams


๐Ÿ“Œ

SGX & Other Newsfeed


Your Money with Michelle Martin (9am - 12pm)


SGX Research's 10 in 10 with Quantum Healthcare (V8Y | QUANH SP)

๐ŸฆทQuantum Healthcare's recent restructuring and diversification across the healthcare business aims to create additional and recurrent revenue streams with a view to achieve long-term growth.

โžก๏ธ Read the full article: bit.ly/3xVbqvK



<Analyst Spotlight for 29 Sept 2022>

Kimly Group (1D0): Divestment of confectionery business (CGS-CIMB)

- Divesting its confectionery business (Rive Gauche) to Muginoho Global for S$2.8m to streamline operations.

- Reiterate Hold recommendation with a target share price of S$0.41 (current S$0.35 at 9 September 2022)

โžก๏ธ bit.ly/3y37zNb


Choo Chiang Holdings Ltd (42E): Proprietary Brands to lead the way (Lim & Tan)

- 1HFY22 revenue of S$41.1m (+7.9%) driven by increase in selling prices for certain electrical products and accessories.

- Maintain Buy recommendation with a target share price of S$0.48 (current S$0.31 at 15 September 2022)

โžก๏ธ bit.ly/3SK2v8f


HRnetGroup Ltd (CHZ): Homing in on hot jobs (DBS Research)

- Singapore's job market remains tight, with the job vacancy-to unemployed person ratio at 2.5 - the highest in 24 years since 1998.

- Initiate coverage with Buy recommendation and a target share price of S$1.08 (current S$0.78 at 16 September 2022)

โžก๏ธ bit.ly/3LV0WCA



๐Ÿ“ˆ REIT Watch on The Business Times - 5 S-Reits with net institutional and retail inflows in Q3 2022


In Q3 2022, Singapore's Reits and Property Trusts (S-Reits) sector declined 7% in total returns, slightly outperforming the 10% decline of the broader FTSE EPRA Nareit Developed Index.


Across the sub-sectors, industrial S-Reits saw the least declines, averaging -3% total returns during the quarter, while office S-Reits saw the most declines, averaging -16% total returns.


In terms of net fund flows, the S-Reit sector saw S$360M of net institutional outflows but received S$504M of net retail inflows. There were 5 S-Reits that received net inflows from both institutional and retail investors - CapitaLand Ascendas Reit, Mapletree Pan Asia Commercial Trust, Mapletree Logistics Trust, Lendlease Global Commercial Reit and Digital Core Reit.


To read the full article: bit.ly/3UYsMl8



Closing


With the rising interest rate, I believed investors are getting more more risk-averse with the current economic situation, would seriously consider to park their money in fixed deposit with the bank to earn higher interest. And now, you may consider to earn a higher interest return with the idle cash that standby inside your trading account while awaiting for trading opportunities... Try our Phillip Money Market Fund SGD : 1.9501% p.a.

USD : 1.8214% p.a.

Rates updated as of 4 October 2022

ย 

CASH PLUS Promotion:

Low-commission trading account is available... and check out for Promotion Details

(Waived for US and HK Foreign Custody fee until 31 December 2022.)




ย 

Important Disclaimer

A. Reminders: 1. Phillip Securities Pte Ltd ("PSPL") will generally provide you "execution only" services - see Guide and Cautionary Notes for Trading Accounts on www.poems.com.sg. You are therefore personally responsible to make your own decisions on the suitability of every securities transaction you do through PSPL. One exception is if you specifically apply and pay for advice from PSPL. The other is referred to in reminder 2. 2. Execution-Related Advice ("ERA") on listed Excluded Investment Products may be given to you, but only subject to strict conditions. These include (a) you accepting personal responsibility to ensure any such advice is suitable before you act on it, and (b) you ensuring that you both receive and understand the rationale for every ERA given to you. 3. Materials (including market and analyst reports) are provided to you as information on an execution only basis for you to make your own suitability decisions. Materials which are not ERA are provided strictly as you asked. These reminders apply to the contents of this e-mail as well as any and all accompanying materials sent under its cover. B. General Disclaimer: The information/materials provided (whether as attachments to this e-mail or in its body), where they are not ERA on listed Excluded Investment Products in compliance with the second reminder above, are provided for general information/circulation only and not intended and therefore should not be taken as any offer or solicitation to do any investment or trade. No assessment has been made by PSPL as to the suitability for you of any materials in or under this e-mail. As always, the decision to trade and/or invest remains solely with you. Information/materials in or under this e-mail are provided as is without warranty of any kind, either express or implied. Such information/materials provided have been procured from sources which are believed to be reliable and accurate (but whose reliability and accuracy cannot be and are not warranted); and may have been acted on by PSPL or members of the PhillipCapital group of entities before being made available to you. All investments are subject to investment risks. Ideally you should and you may wish to seek advice from an independent financial adviser before making a commitment to purchase or invest in the investment product(s) mentioned either in this e-mail or its attachment(s). If you choose not to do so, you are then choosing to make your own decision on whether any of the said investment product(s) are suitable for you. Neither PSPL nor any fellow member of the PhillipCapital group of entities shall, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached to this email. C. General Confidentiality Note: This e-mail and its attachment(s) are intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it.


Confidentiality Note

This e-mail and its attachment(s) are intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it.

82 views0 comments

Comments


bottom of page