(Update from 18th - 25th October and market forecast)
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STI broke 3000 psychological barrier level
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Points to Note
Singapore’s NODX eases to 3.1% in September as electronics exports decline from high base
PM Lee warns US chip curbs can have 'wide ramifications'
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My latest Interview with ZaoBao dated 22nd Oct:
MARKET SUMMARY
For ZaoBao Subscriber, Click HERE
My latest Radio Interview with FM 96.3 dated 14th Oct:
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To Investors :
Investment tip takeaway 🦉 this week:
Hold your buy this week for better buy opportunities next week
STI broke 3000 and closed at 2969 on last Friday. This week rebound may not be sustainable and may dip again next week and end of the day, it may form a possible W rebound by 2nd week of Nov.
SG Earning Announcement Dates
Last Update : 21st Oct 2022
📍Economic Calendar: 23th - 28th Oct📍
Singapore
(Sunday, October 23, 2022)
Non-Oil Exports (MoM) Sep (-3.9% ➡️ -4.0%)
Non-Oil Exports (YoY) Sep (11.4% ➡️ 3.1%)
Trade Balance (3.738B ➡️ 5.750B)
(Tuesday, October 25, 2022)
Core CPI (YoY) Sep, CPI (YoY) Sep
(Wednesday, October 26, 2022)
Industrial Production (YoY) Sep
(Thursday, October 27, 2022)
URA Property Index (QoQ) Q3, Unemployment Rate
United States
(Monday, October 24, 2022)
Manufacturing PMI (Oct) (52.0 ➡️ 49.9)
S&P Global Composite PMI (Oct) 49.5 ➡️ 47.3)
Services PMI (Oct) (49.3 ➡️ 46.6)
(Tuesday, October 25, 2022)
CB Consumer Confidence Oct, API Weekly Crude Oil Stock
(Wednesday, October 26, 2022)
New Home Sales (MoM) Sep, Crude Oil Inventories
(Thursday, October 27, 2022)
Core Durable Goods Orders (MoM) Sep, GDP (QoQ) Q3, GDP Price Index (QoQ) Q3, Initial Jobless Claims
(Friday, October 28, 2022)
Core PCE Price Index (MoM) Sep, Pending Home Sales (MoM) Sep
🕳️
2022 FOMC Meetings:
November. 1-2 ; December. 13-14*
New Zealand
(Tuesday, October 25, 2022)
CPI (YoY) Q3, PPI (YoY) Q3
China
(Sunday, October 23, 2022)
GDP QoQ Q3 (-2.7% ➡️ 3.9%)
Industrial Production (YoY) Sep (4.2% ➡️ 6.3%)
Retail Sales (YoY) Sep (5.4% ➡️ 2.5%)
Chinese Unemployment Rate (5.3% ➡️ 5.5%)
France, Canada
(Friday, October 28, 2022)
GDP
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Last Week Economic Data Review :
Singapore
Non-Oil Exports (MoM) Sep (-3.9% ➡️ -4.0%)
Non-Oil Exports (YoY) Sep (11.4% ➡️ 3.1%)
Trade Balance (3.738B ➡️ 5.750B)
United States
NY Empire State Manufacturing Oct (-1.5% ➡️ -9.1%)
Federal Budget Balance Sep (-220B ➡️ -430B)
Industrial Production (MoM) Sep (-0.1% ➡️ 0.4%)
API Weekly Crude Oil Swaps (7.054M ➡️ -1.270M)
Building Permits Sep (1.542M ➡️ 1.564M)
Housing Starts Sep (1.566M ➡️ 1.439M)
Crude Oil Inventories (9.88M ➡️ -1.725M) Initial Jobless Claims (226K ➡️ 214K)
Philadelphia Fed Manufacturing Index Oct (-9.9 ➡️ -8.7)
Existing Home Sales Sep (4.78M ➡️ 4.71M)
British
CPI YoY Sep (9.9% ➡️ 10.1%)
China
PBoC Loan Prime Rate (3.65% ➡️ 3.65%)
"Inspiration does exist, but it must find you working."
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Other Focus (Highlights of Results / Corporate Actions):
Other extracted news:
Singapore to tighten guidelines on electricity retailers, generation companies
Singapore launches National Hydrogen Strategy, could supply half of power needs by 2050
GIC sees Australian real assets as a haven from bumpy markets
Temasek to invest in new fund under Bill Gates-backed Breakthrough Energy Ventures
FLCT completes divestment of Port Melbourne property at lower consideration of $37.5 mil
Sembcorp Industries studies feasibility of development of clean hydrogen production in Indonesia with partners
Sembcorp receives investment licence to develop new industrial park in Vietnam
SembMarine secures FLNG facilities conversion projects from New Fortress Energy
Singapore’s CapitaLand buys Beijing Borui Plaza for US$283 mil at 30% discount
HDB to issue $800 mil in five-year green senior bonds with 4.09% p.a. coupon
United States : Treasuries tumble in longest slump since 1984 on hawkish Fed
China summons chip firms for emergency talks after US curbs
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SGX & Other Newsfeed
💡 SGX <Analyst Research>
📈Daily Momentum Report as of 20 Oct 2022
A consolidated view of top 10 stocks with momentum in prices and/or volume.
Read report: bit.ly/3CIXQ08
Closing
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