Investment tip takeaway 🦉 this week:
For last week, let's focus on our own economic data:
Singapore
SG's Foreign Reserves USD (MoM) Jul, Previous: 314.3B... Actual: 288.2B
-> The foreign assets held or controlled by our central bank, dropped
SG's GDP (QoQ) Q2 , Previous: 0.8%... Actual: -1.0%
SG's GDP (YoY) Q2 , Previous: 3.8%... Actual: 4.4%
Source from CNA:
Malaysia
MYR's GDP (QoQ) Q2 , Previous: 5%... Actual: 8.9%
China
CNY's CPI (MoM) Jul, Previous: 0.5%... Actual: -0.2%
-> Prices of goods and services are increasing, indicate inflation is going up
CNY's PPI (YoY), Previous: 6.1%... Actual: 4.2%
-> Commodities price is likely dropping, and in turn reduce the producers' input cost
CNY's New Loans Jul, Previous: 2,810.0B... Actual: 679.0B
-> Borrowing and Spending reduced
United Stated
USD's CPI (YoY), Previous: 9.1%... Actual: 8.5%
-> Inflation fell slightly
USD's Crude Oil Inventories, Previous: 4.467M... Actual: 5.458M
USD's Federal Budget Balance, Previous: -89.0B... Actual: -211.0B
-> Budget in deficit
USD's PPI (MoM) Jul, Previous: 1.0%... Actual: -0.5%
-> Producers' price drop ; lower input cost
USD's Export and Import Price Index (YoY),
Previous: 18.2% & 10.7%... Actual: 13.1% & 8.8%
-> With consumer sentiment rises, inflation seem under control
British
GBP's GDP (QoQ) Q2 , Previous: 0.8%... Actual: -0.1%
GBP's GDP (YoY) Q2 , Previous: 8.7%... Actual: 2.9%
Hong Kong
HKD's GDP (QoQ) Q2 , Previous: -2.9%... Actual: 1.0%
HKD's GDP (YoY) Q2 , Previous: -1.4%... Actual: -1.3%
To Investors :
The Dollar Is Finally Falling... and that's good news to the stock market. As of today, the exchange rate of USD to SGD, is about 1.37-1.38... comparing to few weeks ago, the exchange rate had ever hit as high as 1.41 and it was indeed stressful to the capital market to digest the post-effect of stronger dollars resulted from the rising interest rate. However, here come another question : If the effect of rising interest rate of strengthening the US Dollar seem dissipated so fast, what likely can happen next if rate hike no longer work to suppress the inflation... Will the USD still able to maintain its leading position as the most traded currency in the world for the next decade, we need to pay attention to the global currency trends as it can direct impact our own currency too.
Singapore
Our foreign reserves (foreign exchange reserves are assets held on reserve by a central bank in foreign currencies) had shrieked as data shown last week, and STI also seem weaker after the declared dividend from the banks had passed the ex-date last week.
Beside political stability, another topic of discussion may influence the decision of fund managers to chose their strategic business locations to park their money include how supportive the country towards LGBT community, investors should take note.
Is Global Economic Decoupling unavoidable?
Today, many countries had been gearing up to look for another countries to form partnership or alliances, in ramping up their own competitive advantages as well as defense capabilities to protect themselves against common rivalries in the event of war. As such, protectionism was once again take centre stage among policy makers, with more and more countries started to restrict exportation to ensure its own domestic demands are met. Since 2018, the former US president, Donald Trump, had been implementing trade protectionism include tariffs, quotas, and subsidies to promote domestic companies by making foreign goods relatively more expensive. Last week, the recent new act, U.S. CHIPS and Science Act, was introduced by Biden to subsidize U.S. domestic chip companies with billion of dollars for new manufacturing facilities, research and development. It meant to aim in boosting U.S. competitiveness against China and other foreign rivals. So, how bad is the news to the chip-making companies around the world: I believe the competition of chip-making industry will ramp up in 2023. Investors can consider to sell by this year end if you have chip making companies in your portfolio as I still expect the chip makers to rebound in pricing for the coming 2-3 months.
🌀 Focal Point : Q2 Earning Announcements continue
📣 Unit State: Click Here for US Events Calendar for Aug 14, 2022 - Aug 20, 2022
📣 Singapore: Earnings Calendar - 15 Aug 2022 to 19 Aug 2022
2 SGX-listed companies will be announcing their financial results this week, including STI constituent SGX Group.
"Success is not final; Failure is not fatal; it is the courage to continue that counts."📌
Other Focus (Results and Highlights of Corporate Actions):
​
REIT Results:
Cromwell European REIT | 1HFY2022 | Net property income (NPI) increased by 4.7% y-o-y to €67.3 million | DPU of 8.695 Euro cents |
IREIT Global | 1HFY2022 | Net property income (NPI) increased by 26.4% y-o-y to €24.4 million in the 1HFY2022 | DPU of 1.41 Euro cents (1.99 cents) |
Lendlease Global Commercial REIT | 2HFY2022 | Net property income was up $45.9 million, up 72.9% y-o-y | DPU of 2.45 cents |
Lippo Mall Indonesia Retail Trust (LMIRT) | 1HFY2022 | Net property income gained 8.8% y-o-y in 2Q2022 to $34.6 million | DPU of 0.09 cents |
Parkway Life REIT (Gleneagles Hospital, Mount Elizabeth Hospital, Parkway East Hospital) | 1HFY2022 | Net property income, up 1.1% y-o-y, revenue was up 1% to $60.18 million. | DPU of 7.06 cents |
Sasseur REIT | 1HFY2022 | EMA rental income fell by 0.5% y-o-y to RMB301.8 million | DPU of 1.588 cents |
United Hampshire US REIT | 1HFY2022 | Net property income (NPI) increased by 10.0% y-o-y to US$9.3 million | DPU of 2.91 US cents (3.99 cents) |
Other Results:
AnnAik | 1HFY2022 | Reported earnings of $2.9 million, 2.3 times higher | - |
APAC Realty (ERA) | 1HFY2022 | Report earnings of $16.6 million, down 2.8% y-o-y | an interim dividend of 3.5 cents per share |
Banyan Tree | 1HFY2022 | Reported earnings of $514,000, reversing from a loss of $42.6 million | - |
Broadway Industrial Group | 1HFY2022 | Reported earnings of $7.5 million, 4.7% lower | - |
CapitaLand Investment (CLI) | 1HFY2022 | ​Report earnings of $433 million down 38% y-o-y on lower portfolio gains | - |
City Developments Limited (CDL) | 1HFY2022 | Report earnings with net profit after tax and non-controlling interest (PATMI) of $1.13 billion | a special interim dividend of 12.0 cents per share |
Centurion | 1HFY2022 | Reported earnings of $32.9 million, up 277% y-o-y | an interim dividend of 0.5 cent per share |
China Everbright Water | 1HFY2022 | Reported earnings of HK$520.1 million ($91.0) million | an interim dividend of HK5.45 cents (or 0.98 cents) per share |
ComfortDelGro (CDG) | 1HFY2022 | Reported earnings of $118.7 million | an interim dividend of 2.85 cents and a special dividend of 1.41 cents |
Delfi | 1HFY2022 | Reported earnings of US$19.4 million ($26.6 million), 57.6% higher y-o-y. | ​an interim cash dividend of 1.58 US cents |
Far East Orchard | 1HFY2022 | Reversed into the black with earnings of $8.0 million (compared to the loss of $1.9 million last year) | - |
First Resources | 1HFY2022 | Reported earnings of US$128.0 million ($175.3 million) | an interim dividend of 2.50 cents per share |
Food Empire | 1HFY2022 | Reported earnings of US$27.1 million ($37.2 million) | - |
Genting Singapore | 1HFY2022 | reported a net profit of $84.4 million, down 4% yoy | an interim dividend of 1 cent per share |
Golden Agri | 1HFY2022 | Reported earnings of US$389.6 million ($533 million), up 154% | - |
Grand Venture Tech | 1HFY2022 | ​Report net profit of $7.1 million, 16.2% down y-o-y | an interim dividend of 0.3 cents per share |
Haw Par | 1HFY2022 | Reported earnings of $77.2 million, 45.8% higher | an interim dividend of 15 cents per share |
Ho Bee | 1HFY2022 | Report earnings increased to $149.9 million | earnings increased to $149.9 million |
Hong Leong Asia | 1HFY2022 | Report earnings of $42.6 million | - |
HRNetGroup | 1HFY2022 | ​Reported earnings of $34.6 million, down 3.7% y-o-y | an interim dividend of 2.13 cents |
Kingsmen Creatives | 1HFY2022 | Reduced losses to $1.5 million from $1.7 million recorded in the year earlier six months | - |
Megachem | 1HFY2022 | Reported earnings of $4.5 million, up 18% y-o-y | an interim dividend of 0.8 cent per share |
Mermaid Maritime | 1HFY2022 | Reported earnings of US$2.3 million ($3.1 million), reversing the loss of US$3.2 million | - |
MoneyMax | 1HFY2022 | Reported earnings of $12.9 million, 51.0% higher | - |
Nanofilm | 1HFY2022 | ​Report earnings increased 5.1% to $18.8 million, a 5.1% rise y-o-y | an interim dividend of 1.1 cents per share |
OKP | 1HFY2022 | Reported earnings of $1.2 million, up 21.7% y-o-y | - |
Olam | 1HFY2022 | Report earnings of $429.1 million, a slight 1.8% | an interim dividend of 4 cents per share |
OUE | 1HFY2022 | Reported net profit $88.7 million, up almost threefold y-o-y | - |
PropNex | 1HFY2022 | ​Reported earnings of $13.1 million, 20.7% lower | an interim dividend of 5.5 cents |
Prudential | 1HFY2022 | Annualised premium equivalent (APE) sales increased by 6% y-o-y to US$2.21 billion ($3.05 billion), , 9% up y-o-y | an interim dividend of 5.74 US cents per share |
PSC Corporation | 1HFY2022 | Reported earnings of $12.7 million, 41.9% higher | An interim dividend of 0.25 cent per share |
SBS Transit | 1HFY2022 | Report earnings was down 5% to $36.4 million | an interim dividend of 5.45 cents per share |
SembMarine | 1HFY2022 | Posted a net loss of $143 million in the 1HFY2022 ended June, 78% narrower than the net loss of $647 million in the same period the year before | - |
ST Engineering | 1HFY2022 | Reported earnings of $280.0 million, which is down by 5.4% y-o-y | an interim dividend of 4 cents per share |
Straits Trading | 1HFY2022 | Report net profit of S$673 million (disposal of the group’s stake in ARA Asset Management to ESR Group) | - |
Tat Seng Packaging Group | 1HFY2022 | Reported earnings of $10.9 million, 0.2% higher y-o-y | an interim dividend of 1.5 cents per share |
ThaiBev | 9MFY2022 | EBITDA increased 6.7% y-o-y to 39.11 billion baht | - |
UMS | 1HFY2022 | Reported record earnings of $42 million, up 22% over the year earlier period | an interim dividend of one cent |
Uni-Asia | 1HFY2022 | Profit after tax came in 134% higher at US$16.5 million | an interim dividend of 6.5 cents per share |
UOL | 1HFY2022 | Reported net of $371 million, up 306% yoy | - |
ValueMax | 1HFY2022 | Reported earnings of $25.2 million for the 1HFY2022 ended June, 36.8% higher | - |
Vicom | 1HFY2022 | Reported earnings of $13.1 million, up 9.2% y-o-y | an interim dividend of 3.32 cents per share |
Yangzijiang Financial | 1HFY2022 | Reported earnings of $136.4 million, down 30.6% y-o-y | - |
Yanlord | 1HFY2022 | Report earnings increased by 67.2% to RMB1.38 billion | - |
Other extracted news:
DPM Lawrence Wong signals rich may have to pay more taxes
OCBC becomes first bank in Singapore to allow direct top-ups to CPF accounts
Frasers Property and ThaiBev subsidiaries enter into JV to collaborate in the advancement of tech and digitalisation
Oxley announces sale of land in Vietnam for $28.3 mil
Keppel O&M wins $3.97 bil FPSO contract from Petrobras in Brazil
Coming Market Focus (Extract):
🔖 Bookmark our Economic Calendar bit.ly/3OeRbhY for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets.
Sunday, August 14, 2022 | ​ |
JPY | GDP (QoQ) Q2 : Prev 0.0%, Actual 0.5% GDP (YoY) Q2 ：Prev 0.1%, Actual 2.2% |
CNY | PBoC Loan Prime Rate : Prev 3.70%, Actual 2.75% |
Monday, August 15, 2022 | ​ |
USD | NY Empire State Manufacturing Index Prev 11.10, Actual -31.30 |
Tuesday, August 16, 2022 | ​ |
USD | Building Permits (Jul) Housing Starts (Jul) Industrial Production (MoM) API Weekly Crude Oil Stock |
SGD | Non-Oil Exports (MoM) (Jul) Non-Oil Exports (YoY) (Jul) Trade Balance |
Wednesday, August 17, 2022 | ​ |
GBP | CPI (MoM) (Jul) CPI (YoY) (Jul) PPI Input (MoM) (Jul) |
USD | Core / Retail Sales (MoM) (Jul) Business Inventories (MoM) (Jun) Crude Oil Inventories Retail Inventories Ex Auto (Jun) FOMC Member Bowman Speaks FOMC Meeting Minutes |
Thursday, August 18, 2022 | ​ |
USD | Philadelphia Fed Manufacturing Index Philly Fed Employment (Aug) Existing Home Sales (Jul) FOMC Member George Speaks |
Friday, August 19, 2022 | ​ |
GBP | Core / Retail Sales (MoM) (Jul) |
p.s:
Next FOMC Meetings 2022; September. 20-21
Focus Point : Blockchain, NFTs and the Metaverse
Bitcoin traders can start to long bitcoin as mentioned in my past issue... entry level 23,500... and exit if it touch 28,000 and above for the month of August till end of September.
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.)
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