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STI Outlook – As of 14th February 2021
By Loopholes Singapore  •  February 13, 2021
On the recovery with performance bottoming, and vaccinations After a rather short week, the STI continues to consolidate sideways as companies start to announce their Q3 and FY financial reports. So far those company YoY performances have been poor but expected. As for the general sentiment, investors are still positive about the overall situation of the economy as we could see aviation-related stocks rebound from their new lows. As vaccination efforts continue in Singapore, we are also demonstrating good strategic planning in vaccinating specific sectors other than just vulnerable age groups and frontline workers. As such, we expect a more aggressive recovery in the coming weeks as more companies report their strategies for the coming year. STI – Updated Daily Chart On the daily chart, the STI is still trapped in the gap formed in January 2021. However, the slight curvature of the 9 days moving average is showing...
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By Loopholes Singapore
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