Real Estate Sector Outperformed in the Year to Date

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SGX’s Real Estate Developers and Operators have returned 12% YTD, outperforming the STI’s +8%. Despite the rally, the price-to-book ratio of the Sector is still trading near one standard deviation below its historical mean. Potential drivers for the Singapore property market exist on both the supply and demand front. The biggest Real Estate Developer stocks with substantial Singapore exposure … [Read more...]

WHAT INVESTORS NEED TO KNOW ABOUT SINGAPORE STOCKS NEXT?

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In my personal opinion, we have somewhat a Singapore stocks markets which has slowed from a good headstart in January 2017. This is mainly due to both macro and domestic factors. On the macro front, I believe investors are glued to the daily news surrounding President Trump and his actions and as more of such news emerges, investors are awaiting possible follow-ups and reactions. Most noteworthy … [Read more...]

Ernest’s market outlook (10 Feb 17)

Dear all, Happy Chinese New Year 元宵节! The animal spirits seem to have descended on our Singapore market! Our STI is one of the best performing indices with a blistering 7.6% year to date return. Our FSTS ST Small Cap Index has returned 4.6% for the same period. Have you benefitted from this rally? What’s next for our markets? S&P500 Just to recap what I have mentioned on 27 Jan … [Read more...]

Should You Invest in the Trump Presidency?

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The stock market is down for the first year of a Republican President - excluding the first year he got re-election. We looked back to data from ex-President George W. Bush in 2001 to ex-US President Dwight D. Eisenhower in 1953. We show below the price of the S&P500 for the first year of a Republican President Orange reflects the price at the start of the month Blue reflects the … [Read more...]

SGX S-REIT 20 Index Registered Total Returns of 6.2% in YTD

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Benchmark SGX S-REIT 20 Index returned 6.2% in the YTD. Retail and Industrial REITs were the outperforming sub-segments Key metrics from Oct-Dec quarter earnings suggest weaknesses in office property, while the Industrials and Retail segments remain relatively resilient. Within the Index, Retail REITs were the best-performing sub-segment with a market capitalisation-weighted total return of … [Read more...]

The 2017 Fengshui Guide to the Stock Market

As we ease into the year of the Rooster, experts all over the year put in a piece of their opinion how the market will fare. As a part of our annual tradition, we shall turn to the world of metaphysics and Fengshui to give us an insight how 2017 will be. However, before that, let us take a look to see how Fengshui has been accurate in predicting 2016: The year of the unpredictable fire monkey … [Read more...]

Recent Moves of Singapore’s Biggest Shipyards Stocks

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Singapore’s largest capitalised stocks that operate shipyards are Keppel Corp, Sembcorp Marine and Yangzijiang Shipbuilding. The three stocks have averaged a 5.9% YTD gain (as of 3 Feb 2017) in line with STI’s +5.8%. Despite oil price recovery, outlook for shipyards remains challenging with excess yard capacity. Resilience through cost and balance sheet management is key. Of the three … [Read more...]

Bearish start after Chinese New Year Break

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Bearish start after Chinese New Year Break First week after Chinese New Year turned out to be a week of bearishness. Straits Times Index halted it’s ascend and decided to take the bearish que. Controversies of US President Trump’s policy on immigration rocked the market during the week which triggers fears of kick starting economic instability in US. During the week, there were attempts to … [Read more...]

Jan 2017

Hello! My last post has been a while (in November). I did not manage to write a post in Dec due to the deadline of my assignments which was due over the new year. I’m glad it is over for now and I scored pretty well for one of the modules with full marks on the paper (been a while since I received full marks). While I am waiting for the results of the other module, I can concentrate on what … [Read more...]

Trump or Dump?

Ever since Donald Trump won the presidential election in November 2016, stocks have been on a roll, going higher and higher. Just about a week ago, the Dow has rallied past 20,000. Most investors believe that Trump is a boost to the economy as he pledged to spend $1 trillion on America’s aging infrastructure, cutting corporate taxes, and deregulate industries. However, it seems like the Trump … [Read more...]

Sector Returns and Institutional Fund Flow Shifts

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Industrials, Real Estate Developers, and Energy total returns paced overall Singapore stock market in January. In the month of January, the market capitalization weighted average total returns for the overall Singapore stock market was at +4.5%, which compares with the Straits Times Index (STI) +5.8%. By sector*, the market was paced by Industrials (+7.5%), Real Estate Developers (+7.5%) and … [Read more...]

Stock Market’s Performance in the First Year of a Republican President

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The stock market is down for the first year of a Republican President - excluding the first year he got re-election. We looked back to data from ex-President George W. Bush in 2001 to ex-US President Dwight D. Eisenhower in 1953. We show below the price of the S&P500 for the first year of a Republican President Orange reflects the price at the start of the month Blue reflects … [Read more...]

STI is Asia’s Strongest Benchmark in 2017 YTD

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The STI has generated a 5.6% gain in the year thus far (as of this afternoon), compared to an average 2.5% return for the Nikkei 225 and Hang Seng Index, and an average 1.0% return for the FTSE Malaysia KLCI, Stock Exchange of Thailand SET Index and the Jakarta Composite Index. The five strongest STI stocks in the 2017 year through to the Lunar New Year Holiday were Global Logistic Properties … [Read more...]

Chairman of AngBao Limited

Dear nephew/niece, This is Uncle Tom, Chairman of (one of) your Angbaos speaking. It is my pleasure to present you with your AngBao packet for Chinese New Year 2017. I believe you that you will not open your Angbao as soon as I have given you. It is not your interest to track which of your relative gives Angbao and how much. I know you are okay with any amount of Angbao monies given to you. … [Read more...]

Ernest’s market outlook (27 Jan 17)

Dear all, Happy Chinese New Year! How is your Rooster Year so far? S&P500 and STI reached near, or at my near-term resistances. What’s next? S&P500 Just to recap what I have mentioned on 13 Jan 2017 (see HERE), I wrote “It is clear that S&P500 continues to on an uptrend amid rising EMAs. S&P500 closed at 2,275 on 13 Jan 2017. Since 8 Dec 2016, S&P500 has been … [Read more...]

Dairy Farm – hits 18 month high, all-time overbought since 1990! (27 Jan 17)

Dairy Farm hits another 18-month high on 27 Jan 2017. It has risen consecutively for the past six trading days and has surged 13.3% from an intraday low of $7.28 on 20 Jan 2017 to $8.25 on 27 Jan 2017. This has significantly outperformed the STI, as STI was only higher by 2.0% over the same period. How high can Dairy Farm go? Read on below for its chart analysis… Chart analysis Based on … [Read more...]

My Sweet Retirement Wishes You a Happy Chinese New Year!

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Dear readers and fellow financial bloggers, The festive season is here again. The year 2017 is the year of the Golden Rooster. Towards the end of January 2017, several REITs have concluded their FY2016 financial results. Most of them have barely achieve an increase in annual distribution per unit (“DPU”). Capitamall Trust, Soilbuild, Keppel REIT all have reported a fall in DPU. From these … [Read more...]

Why the USD will go on rising

The US Dollar Index is down a good 3%, to 99.9 on January 25 from a high of 103.3 on Dec 28. The main reason is uncertainty over the future of trade and international relations with the US. Since taking office on Jan 20, President Donald Trump has already yanked the US from the Trans-Pacific Partnership, called for renegotiations to terms of the North American Free Trade Agreement and will soon … [Read more...]

Futuristic: A Consumer Proxy With a Dash of Quirky

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Construction industry veteran David Low believes the future revolves around crazy ideas - bold, off-the-wall concepts that can help businesses make a quantum leap forward and remain relevant in a changing world. With this in mind, the founder and Chief Executive Officer of Singapore-based Futuristic Store Fixtures Pte Ltd aims to hire more millennials, a generation with a penchant for the wacky … [Read more...]

Dow 20,000 !!

This has become the headline news for major financial newspapers or webs , DOW Index finally broke through the psychological level or resistance of 20,000. As for me , although it’s a milestone but it just a “figure” without looking into the fundamental or valuation of the market . You may find below news interesting to read : From CNBC : Dow 20,000: Its insignificance may rival its … [Read more...]