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STI Outlook – As of 12th July 2020
By Loopholes Singapore  •  July 11, 2020
Will the Ruling Party’s Clear Mandate create a clear path for GLCs? The ruling party’s primary interest is on GDP growth, jobs and business sustainability. With a clear mandate, will it lead to more funds channeled to Government-Linked Companies GLCs like Singtel, Capitaland, SPH and SATS? It remains to be seen but how the market reacts will also depend on everyday investors’ take on the future of these GLCs. My take on the matter is that Singapore has took a severe hit in almost all sectors and it will still take some time before investor’s confidence is back for real. STI – Updated Daily Chart 9 and 20 days MA is converging Technical analysis wise, STI is showing signs of a trend reversal as the 9 and 20 days moving average is converging and the uptrend in this parallel channel is still intact. At the moment, STI...
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By Loopholes Singapore
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