🫶
Dear investors, thank you for your supports for the past decade. Moving from simple email newsletter to now having my very own website, I had been trying ways to ensure important information can be reached out to you on weekly basis. However, technology advances had changed our world and the existing ways of communications may still seem too slow and passive to the volatile stock market today. Therefore, I had decided to further revamp my communication site with you by making it more readable so that you can grab the key takeaways easily without taking too much times of readings.
From this September onward, I will write the Market Update on the monthly basis, and the contents will include of STI index Technical Analysis, Market Forecast and Stock Analysis on at least one stock for better investment decisions.
For weekday daily update, I will broadcast in my Community Group in POEMS 3.0 Mobile App : FengShui-007, and you can join by clicking this link HERE after login to POEMS 3.0
My Life Motto: Making continuous improvement, is the only way to reach success.
( My Recommendation 🉐 )
STI Market forecast for September:
Straits Times Index (STI)
Immediate resistance at 3240 level
Observation : MACD Golden Crossover
Possible Direction : Break up from Resistance... uptrend Remark: Last Saturday, Singapore's Manufacturing PMI (Aug) was reported at 49.9, rose by 0.1 point in July. [STI] S'pore factory activity stays on path of recovery, lifting hopes for manufacturing sector
Market Forecast
With markets keep guessing on the U.S. Fed's decision on interest rate (now: 5.25%-5.50%) in the coming FOMC, market is looking for clue from the U.S. CPI that soon will be reporting on following Wednesday (13 Sep).
Last week, the U.S. Commerce Secretary (Gina Raimondo) visited China and during her visit, she mentioned that U.S. firms complained about China becoming "uninvestible", but the Chinese smartphone maker, Huawei, launched their new smartphone, the Mate 60 Pro, online at the same time amid of U.S. sanctions. Therefore, investors need to take note that the markets are betting China on further downside due to their current housing crisis. However, the Caixin Manufacturing PMI Aug beat the analysts' forecasts of 49.3, rose to 51.0 reported last Friday. Therefore, markets may continue bullish in the month of September, and my favorite sectors for this month is semiconductor and banking.
And I would like to divide the month of September into 3 parts for observation, and will discuss next month on the market trend.
Important Data to take note after 2H earning season over （Subjected to changes): Start of Sep - 7 Sep :
SG : Retail Sales (5 Sep) Foreign Reserves USD (7 Sep) US : Export/Import/Trade Balance (6 Sep) Service PMI (6 Sep) ISM Non-Manufacturing PMI (6 Sep) Initial Jobless Claims (7 Sep) Nonfarm Productivity (7 Sep)
Fed's Balance Sheet (7 Sep)
8 Sep - 22 Sep :
US : OPEC Monthly Meeting (12 Sep) CPI, PPI, Retail Sales (13 Sep) Export/Import Price Index, Industrial Production (13 Sep)
PPI (13 Sep) Building Permit, Housing Starts (19 Sep) FOMC Meeting: Fed Interest Rate Decision ( 19-20 Sep) Philadelphia Fed Manufacturing Index, Existing Home Sales (21 Sep) Manufacturing/Service PMI, S&P Global Composite PMI (22 Sep)
23 Sep - End of Sep : "keep in view"
Stock Analysis : Venture
Immediate support at 12.60 (hit the lowest at year 2020)
Observation : Seem to cross for MACD Goden Cross
Possible Direction : Supported at 12.60 Remark: Possible to rebound at this point with a sudden surge in trading volume on last Friday.
[Yahoo] Don't Buy Venture Corporation Limited (SGX:V03) For Its Next Dividend Without Doing These Checks
Market Update for past month
Investor's Must-Know
Tharman Shanmugaratnam becomes Singapore’s 9th President with 70.4% of votes
SoftBank lines up Apple, Nvidia as strategic Arm IPO backers
Keppel REIT replaces Olam Group in STI reserve list
Headline inflation falls to 4.1% while core inflation declines to 3.8% on y-o-y basis in July
Singapore's domestic and foreign wholesale sales declined by 21.8% and 18.9% y-o-y in 2H2023
Singapore’s July NODX contracts by 20.2% y-o-y mainly due to declines to the EU 27, Taiwan and China
Other Market Focus that Matters
📌 🌀Highlights🌀
Seatrium signs letter of intent with Shell for deep-water newbuild project in the US Gulf of Mexico
Xpeng soars after buying Didi unit to consolidate market
Frasers Centrepoint Trust to divest Changi City Point for $338 mil
Baidu, SenseTime among first firms to win China approval for AI models
Fullerton acquires 116.9 million Seatrium shares at 14 cents each
CDL acquires 256-room Osaka hotel for $78.5 mil
China lowers down payment, mortgage rate in stimulus push
Japfa completes new delivery of live chickens from Indonesia to Singapore
Meta launches AI coding software to compete with OpenAI
As Nvidia soars higher on the AI cloud, local semicon plays hitch a ride
Singapore boosts green bond sale to as much as $2.8 bil
Sinopec eyes Shell’s historic Singapore oil refinery, sources say
BRICs asks Saudi, Iran, etc to join to add heft
iWOW Technology awarded smart metering contract worth up to $4.8 mil
Boustead International Heaters secures contract worth $31 mil
Arm, which is owned by SoftBank, filed for its initial public offering last Monday (21 Aug).
LHN Logistics loses free float; trading in shares to be suspended
Frasers Property entity secures refinancing for $1.08 bil green loan
SGX RegCo issues 'trade with caution' on Dasin Retail Trust
Singtel reports 23.1% y-o-y drop in net profit of $483 mil for 1QFY2024 due to net exceptional loss
WeWork plans 1-for-40 reverse stock split to save listing
ESR Group begins construction of largest distribution hub in Japan of 750,000 sqm
CSE Global signs three deals worth $47.5 mil with Singapore government and the US
Apple supplier Foxconn begins iPhone 15 production in India
Manulife US REIT halts distributions as manager mulls options
CapitaLand Ascendas REIT completes acquisition of fifth data centre in the UK for $199.9 mil
SGX reports FY2023 earnings of $570.9 mil, up 26.5% y-o-y; proposes final quarterly dividend of 8.5 cents
Marco Polo Marine records 28.9% y-o-y increase in revenue of $36.8 million for 3QFY2023
Temasek weighs US$2 bil Pavilion Energy asset sale: sources
RH Petrogas is embarking on transformation through oil and gas
Dyna-Mac signs MOU with BW Offshore to pursue global carbon capture and storage projects
Dyna-Mac Holdings enters two year MOU with Kim Heng to grow floating production storage and offloading module projects
Sembcorp added to MSCI Singapore index
DBS CEO Piyush Gupta disposes of 100,000 DBS shares at over $34 apiece
OCBC prices $550 mil worth of perpetual capital securities with 4.50% coupon
📌 🌀SG Earning Announcement🌀
Watch out for the 2023 SG 3Q Earnings Season starts in mid of Oct 2023...
ST Engineering gains $32.4 mil after post-closing adjustments from divestment of US marine business
Civmec announces 13.7% rise in FY2023 net profit, and 10.9% growth in orderbook
Thomson Medical Group announces dip in net profit in FY2023 despite revenue growth
GuocoLand reports 60% rise in revenue for FY2023, but 44% fall in net profit
Lincotrade & Associates Holdings sinks into the red in FY2023 with loss of $8.74 million
Shangri-La Asia is back to black with 1H2023 net profit, but NAV dips marginally
UBS smashes banking record as it absorbs Credit Suisse
Zhongxin Fruit earnings slump to RMB5.97 mil, down 87.4% for FY2023
Union Steel improves earnings to $11.1 mil in FY2023
Chuan Hup Holdings earnings up 192.3% to US5.79 mil for FY2023
Wing Tai earnings down 91% to $13.3 mil for FY2023
Silverlake Axis earnings down by 7% for FY2023
FJ Benjamin earnings up 19% to $3.53 mil for FY2023 with post-pandemic lift
Taka Jewellery reports $8.9 mil earnings for FY2023, up 51% over previous year
Santak Holdings issues profit warning for FY2023
Grab narrows losses to US$148 mil for 2QFY2023; raises FY2023 ebitda forecast
RE&S earnings down 19.1% to $7.65 mil in FY2023 in absence of Covid-19 grants
Avi-Tech announces FY2023 earnings at $3.3 mil, declares interim dividend of 1.0 cents
Oxley warns it will report a loss for FY2023
Creative Technology reports smaller y-o-y loss of US$6.1 million for 2HFY2023
SingPost reports 1QFY2024 group operating profit of $11.9 mil, 11.8% higher y-o-y
Netlink NBN Trust reports $28.2 mil profit after tax for the 1QFY2024, 2.1% increase y-o-y
Wilmar reports earnings of US$550.9 million for 1HFY2023, eyes better second half
Sea Limited reports net income of US$331.0 mil for 2QFY2023, its third straight quarter of net profits
SATS reports loss of $29.9 mil for 1QFY2024, its first financial statement since WFS acquisition
Straits Trading reports lower earnings on absence of one-off gain, incurs higher finance costs
Q&M reports 46% lower earnings of $5.3 mil in 1HFY2023 as medical lab segment sees lower demand for Covid-19 testing
Manufacturer of PPEs, Medtecs International, reports another year of losses at US$5.8 mil
ComfortDelGro reports lower earnings for 1HFY2023 but sees recent operational improvements
Union Gas 1HFY2023 earnings doubles on lower cost
APAC Realty reports 1HFY2023 earnings of $5 million, maintains 40% market share
UMS Holdings reports a 27% decrease in earnings y-o-y of $29 mil from weak performance in semiconductor segment
Straco Corporation bounces back with earnings of $6.38 million for 1HFY2023
AEM's lower FY2023 revenue guidance prompts target price changes
Golden Agri-Resources reports 1HFY2023 earnings of US$182.3 mil, down 53.2% y-o-y
Frencken reports 1HFY2023 earnings of $12.1 mil, down 53.8% y-o-y
Manulife US REIT halts DPUs in 1HFY2023; unencumbered gearing ratio down to 59.7%
Cromwell European REIT reports 1HFY2023 DPU of 7.79 Euro cents, down 10.4% y-o-y
Huawei reports 1HFY2023 revenue of RMB310.9 bil, consumer business reverses multi-year drop
Yangzijiang Financial Holding reports better 1HFY2023 results on fair value gains and share buybacks
United Hampshire US REIT give out lower 1HFY2023 distribution as it sets aside funds for asset enhancements
Combine Will reports 1HFY2023 earnings of HK$20.5 million
PSC Corp reports 1HFY2023 earnings of $9.8 mil, down 22.8% y-o-y
AEM 1HFY2023 earnings drop 76.2% y-o-y, lowers FY2023 revenue guidance
Ong Beng Seng's HPL reports $17.2 mil loss for 1HFY2023
Bumitama Agri reports earnings of IDR1.19 trillion for the 1HFY2023, down 45.4% y-o-y
Sasseur REIT reports 1HFY2023 DPU of 3.322 cents, 2.6% lower y-o-y, due to lower renminbi and higher finance costs
MindChamps shares surge more half following 373% y-o-y improvement in 1HFY2023 earnings
ST Engineering reports 1HFY2023 earnings of $280.6 mil, up 0.2% y-o-y
UOL’s 1HFY2023 earnings down by 64% y-o-y to $135 mil mainly on lower fair value gains
Genting Singapore 1HFY2023 earnings triples to $276.7 million
Kingsmen back to 'sustainable profitability' with 1HFY2023, sees 'robust' 2HFY2023
CSE Global posts earnings recovery with jump of 142.8% y-o-y for 1HFY20234
Fu Yu Corporation reports net loss of $3.9 mil for 1HFY2023 amid slower demand
CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains
PropNex reports 1HFY2023 earnings of $22.1 mil, down 18.4% y-o-y, on lower number of transactions
Thai Bev Ebitda for 9MFY2023 dips despite higher revenue on higher costs
Kim Heng reports higher revenue but higher costs weigh down on 1HFY2023 earnings
Prime US REIT reports DPU of 2.46 US cents for 1HFY2023, down 30.1% y-o-y
Higher project revenue recognition and interest income lifts Dyna-Mac's 1HFY2023 earnings by 218%
ARA US Hospitality Trust reports 1HFY2023 DPS of 1.501 US cents, 5.2% higher y-o-y
OUE reports higher revenue for 1HFY2023 but higher costs and lower fair value weigh down bottomline
Delfi reports earnings of US$25.2 million for 1HFY2023, guides for better FY2023 over FY2022
Paragon REIT 1HFY2023 DPU down 15.7% as higher interest cost bites
LREIT reports 2HFY2023 DPU of 2.25 cents, bringing full year distribution to 4.7 cents
Credit Bureau Asia's 1HFY2023 earnings up 18% y-o-y
Elite Commercial REIT 1HFY2023 DPU falls 24.2%, announces divestment of five assets
Koh Brothers reports $16 million loss for 1HFY2023
BRC Asia reports earnings of $22.6 million for 3QFY2023
📌
🌀Latest Market View published in ZaoBao/Media🌀
(Aug 2023)
Interview at ZaoBao on 29 Aug
Interview at ZaoBao on 8 Aug
Interview at ZaoBao on 17 Aug
📌
🌀SGX & Other Newsfeed🌀
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.)
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.
Comments