(Update from 5th - 11th October and market forecast)
🌀
Last week, U.S. S&P index surged almost 200 points and fell back as much as 150 points within the same week... before the 3rd quarter earning announcement period begins end of the month, economic data continue to take centre stage in the market.
The new export controls announced by the U.S. last Friday, on banning a broad array of chips to be exported to China hits the China‘s Tech Stocks, and also impact other chip-makers around the world.
🌀
Points to Note
The Singapore government has announced new cooling measures, in a response to rising interest rates and record-high home prices. Ref Link: A summary of Singapore’s property cooling measures: 1996 to present day
Fixed home loan rates in Singapore hit 3.85% as all three local banks hike their fixed rate packages; Click HERE
OPEC+ agreed on a 2 million-barrel-a-day cut to output limit, and oil extends rally last Week
Credit Suisse's riskiest bonds sank Monday, and its shares hit record lows before recovering, as investors evaluated concerns about the Swiss bank's financial health. Click HERE
Elon Musk revives US$44 billion Twitter bid, aiming to avoid trial
🌀
My Interview with ZaoBao dated 6th Oct:
MARKET SUMMARY
For ZaoBao Subscriber, Click HERE
🌀
To Investors :
Investment tip takeaway 🦉 this week:
Continue reduce holdings for this week whenever there's rebound
Disappointment came last week Friday with the fallen U.S. Nonfarm Payrolls in September and higher Initial Jobless Claims, and suggested that the U.S. economies still far from recovery after numerous interest rate hikes kicked in since early this year. And all the gain accumulated throughout last week had almost evaporated as oil surged on the production cut announced during the OPEC + meeting.
STI performance was also dampened last week, as one of the possible worries could be triggered by the property cooling measures introduced by the government to curb the rising property prices. Such control could induce investors to encash from their equities investment to meet the new regulatory requirements imposed to the banks. As such, money flow would likely channel back to the property market and in result, the STI could continue to sink to the next support of 3080 points in the month of October.
SG Earning Announcement Dates
📍Economic Calendar: 10th - 14th Oct📍
Singapore
(Thu, 13 Oct 2022)
GDP
(Sat, 16 Oct 2022)
Non-Oil Exports
United States
(Mon - Sat, 10 -15 Oct 2022)
IMF Meetings
(Wed, 12 Oct 2022)
OPEC Monthly Meeting, Core PPI, EIA Short-term Energy Outlook, FOMC Meeting Minutes, API Weekly Crude Oil Stock (Thu, 13 Oct 2022)
Core CPI, CPI, Initial Jobless Claims, Crude Oil Inventories, Federal Budget Balance (Tentative)
(Fri, 14 Oct 2022)
Core Retail Sales, Retail Sales, Export Price Index, Import Price Index, Business Inventories
🕳️
2022 FOMC Meetings:
November. 1-2 ; December. 13-14*
British
(Wed, 12 Oct 2022)
GDP (YoY), Manufacturing Production (MoM) Aug, Trade Balance
China
(Thu, 13 Oct 2022)
CPI, PPI, Exports, Imports, Trade Balance (USD)
🌀
Last Week Economic Data Review :
Singapore
URA Property Index (QoQ) Q3 (3.5% ➡️ 3.4%)
Manufacturing PMI Sep (50.0 ➡️ 49.9)
Retail Sales (MoM) Aug (0.7% ➡️ -1.3%)
Foreign Reserves USD (MoM) Sep (289.4B ➡️ 286.1B)
United States
ISM Manufacturing PMI Sep (52.8➡️ 50.9)
Factory Orders (MoM) Aug (-1.0% ➡️0.0%) ,
JOLTs Job Openings Aug (11.170M➡️10.053M)
API Weekly Crude Oil Stock (4.15M➡️-1.770M)
ADP Nonfarm Employment Change (Sep) (185K➡️208K)
Exports (259.6B➡️258.9B)
Imports (330.0B➡️326.3B)
Trade Balance Aug (-70.50B➡️-67.40B)
ISM Non-Manufacturing PMI Sep (56.9➡️56.7)
Crude Oil Inventories (-0.215M➡️-1.356M) Initial Jobless Claims (190K ➡️219K); Cause to Market tumble
Nonfarm Payrolls Sep (315K➡️263K); Cause to Market tumble
Unemployment Rate Sep (3.7%➡️3.5%)
Australia
RBA Interest Rate Decision Oct (2.35% ➡️2.6%)
China
Caixin Manufacturing PMI (55➡️49.3)
"Belief creates the actual fact."
📌
Other Focus (Highlights of Results / Corporate Actions):
💡 SGX <Analyst Research>
Other extracted news:
Yanlord's total contracted pre-sales surge 225.7% to RMB9.34 bil in Sept
Golden Energy shares surge on possible acquisition by controlling Widjaja family
Yangzijiang Financial appoints former GIC VP to head group’s investments in external funds
Yangzijiang Shipbuilding announces new orders
Singtel’s Dialog Group hit by cyber security attack, company data leaked
SMI Vantage to raise 100 million yen from existing shareholder for new investments
SPH REIT reports DPU of 5.52 cents for 12MFY2022
Crypto hacked again in US$100 million theft of Binance coin
Kim Heng units clinch US$35 million of contracts
SingTel receives arbitration award in Thailand
CEOs of Samudera, sponsor of Keppel DC REIT raise respective stakes
Retail sales in Aug fall below expectations, but analysts still optimistic
SGX RegCo has "no objection" to trading resumption of Best World shares
WTO slashes forecast for merchandise trade growth in 2023
Sembcorp Marine secures US$3 bil contract from Petrobas
Singapura Finance launches Mobile and Internet Banking.
📌
SGX & Other Newsfeed
📈 Singapore Net Fund Inflows in 3Q22 Led by Banks
For 3Q22, the broader Singapore-listed 200 stocks that have seen the most trading turnover for the first 9 months of 2022, booked just over S$850M on net fund inflows, with Banks, Telecommunications, Consumer Cyclicals, Technology, and Healthcare Sectors leading the net fund inflows.
The relevant stocks generated mixed performances, with the Telecommunications stocks, Technology stocks, and Healthcare stocks averaging respective declines in total return of 5.4%, 9.7%, and 12.8%, while the Banks stocks and Consumer Cyclical stocks averaged 7.3% and 4.7% total returns for the quarter respectively.
Read more: bit.ly/3rtn8KD
Resilient Amidst Evolving Dynamics
Recently, we spoke with Tripp Gantt, Chief Executive Officer of Manulife US Real Estate Investment Trust (MUST). Read on to find out how the 52-year-old intends to manage MUST's portfolio, ensuring it stays abreast of prevailing trends and remains relevant to tenant demands, so the REIT can continue to deliver sustainable returns to unitholders.
To read the full Kopi-C interview: bit.ly/3Eovvyt
Closing
With the rising interest rate, I believed investors are getting more more risk-averse with the current economic situation, would seriously consider to park their money in fixed deposit with the bank to earn higher interest. And now, you may consider to earn a higher interest return with the idle cash that standby inside your trading account while awaiting for trading opportunities... Try our Phillip Money Market Fund SGD : 1.9501% p.a.
USD : 1.8214% p.a.
Rates updated as of 3 October 2022
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