Investment tip takeaway 🦉 this week:
Let's continue to review the released data last week:
Singapore
SG's Manufacturing PMI Jul, Previous: 50.3... Actual: 50.1
-> The manufacturing sector is expanding, but slow
SG's Retail Sales (MoM) Jun, Previous: 1.8%... Actual: -1.4%
-> Indicator of consumer spending, dropped.
China
CNY's Trade Balance (USD) Jul, Previous: 97.94B... Actual: 101.26B
-> More goods and services were exported than imported (a trade surplus)
United Stated
***USD's Crude Oil Inventories, Previous: -4.523M... Actual: 4.467M
*USD's Trade Balance Jun, Previous: -84.90B... Actual: -79.60B
-> Fewer goods and services were exported than imported
USD's Nonfarm Payrolls Jul, Previous: 398K... Actual: 528K
-> The number of people employed increased.
Australia
AUD's RBA Interest Rate Decision, Previous: 1.35%... Actual: 1.85%
Hong Kong
HKD's GDP (QoQ) Q2, Previous: -2.9%... Actual: 0.9%
HKD's GDP (YoY) Q2, Previous: -3.9%... Actual: -1.4%
To Investors :
Last week data, the highlight is the US crude oil inventories suddenly jumped, and that's really help to suppress the energy price a bit, even reports showed the cause was due to dropping in exports, and refiners lowered their runs. But I expected the oil prices may make a come back in the mid of October... after all, the oil and gas related counter like Keppel and SembCorp had delivered a very robust earning reports for 1HFY2022... I expect the demand in energy and other commodities will continue to remain strong in 2023.
'China-Taiwan' + United States
US Politian, Nancy Pelosi, had made her visit to Taiwan last week and that seem have disturb the peace in the eastern part of the world in certain extent. Meanwhile, the immediate concern in the capital market is whether the tension between China and Taiwan could probably end up into another war after Russian & Ukraine, and that could frighten off fund managers to trim their positions smaller for easy liquidation. Moreover, today's investors also learnt to sell on result, and may not willing to wait for dividend to come in weeks during this time of uncertainties.
In August, just be cautious with the coming 2 weeks as the selling pressure may frighten off some investors, but to me such sell down will also suggest another aspects of the situation: if the companies' results are good in the first half of 2022, and all these live-fire drills from China and Taiwan didn't materialise into any form of battle eventually... then we can definitely treat the current moment as the buying opportunities to load up more for the later part of the month in August as well as September.
My tick...
In short, my stake remains unchanged on REIT, Property and Gold. And investors can consider chip-makers, transportation counters (like the long-beaten counters like Comfort Delgro) too for just these 2 months.
But short-term traders can chose to start active in buying into long positions only after entering the 2nd part of August.
🌀 Focal Point : Q2 Earning Announcements continue
📣 Unit State: Click Here for US Events Calendar for Aug 7, 2022 - Aug 13, 2022
📣 Singapore: Earnings Calendar - 8 Aug 2022 to 12 Aug 2022
Click above for 5th Aug 早晨上96.3好FM的股市近况
"You never know how strong you are, until BEING STRONG is your only choice"📌
Other Focus (Results and Highlights of Corporate Actions):
REIT Results:
ARA US Hospitality Trust | 1HFY2022 | Net property income (NPI) surged by 131.2% y-o-y to $21.1 million | DPS of 1.427 US cents (1.971 cents) |
Daiwa House Logistics Trust (DHLT) | 1HFY2022 | Net property income (NPI) : 4.5% lower than forecasted at $30.0 million | DPU of 3.09 cents |
Elite Commercial REIT | 1HFY2022 | Net property income (NPI) increased by 17.7% y-o-y to £18.1 million after property expenses | DPU of 2.56 pence |
Frasers Logistics & Commercial Trust (FLCT) | 3QFY2022 | Reported a portfolio occupancy rate of 96.5% | - |
Manulife US REIT | 1HFY2022 | Net property income was up 2.8% y-o-y to US$57.6 million | DPU pf of 2.61 US cents |
Prime US REIT | 1HFY2022 | Net property income was US$50.8 million, up 9.7% y-o-y | DPU of 3.52 US cents |
Other Results:
Audience Analytics | 1HFY2022 | Report earnings of $62,287, reversing from a loss of $452,496 recorded for 1HFY2021 | - |
China Aviation Oil | 1HFY2022 | Report lower earnings of US$19.61 million, down 19.24% y-o-y | - |
Chip Eng Seng | 1HFY2022 | Reported improved earnings of $38.5 million | - |
Credit Bureau Asia | 1HFY2022 | Reported earnings of $4 million | - |
DBS | 2QFY2022 | Reported net profit of $1.82 billion | EPS : $2.80 interim dividend of 36 cents |
Fraser & Neave | 9MFY2022 | Reported earnings down 18.3% y-o-y to $97.3 million | - |
Hong Leong Finance | 1HFY2022 | Reported earnings of $45.1 million | interim dividend at 3.75 cents |
Koh Brothers | 1HFY2022 | Report earnings of $5 million for 1HFY2022 | - |
Koh Brothers Eco Engineering | 1HFY2022 | Reported earnings of $1.2 million | - |
Multi-Chem | 1HFY2022 | Reported earnings of $9.7 million | interim dividend of 6.60 cents per share |
Nordic Group | 1HFY2022 | Reported earnings of $11.6 million, up 49% y-o-y | interim dividend of 1.162 cents per share |
OIO Holdings | 1HFY2022 | Reported a loss of $638,632... heavier y-o-y loss | - |
Pan United | 1HFY2022 | Reported earnings of $13.5 million, double that of the same period last year | interim dividend of 0.5 cent per share |
Sembcorp | 1HFY2022 | Reported earnings of $490 million | interim dividend of 4.0 cents |
StarHub | 1HFY2022 | Reported earnings fall 10.3% y-o-y to $60.9 mil | interim dividend of 2.5 cents per share |
Singapore Land | 1HFY2022 | At $238.9 million revaluation gain | - |
Soup Holdings | 1HFY2022 | Rported earnings of $1.1 million | EPS increased by 550% y-o-y to 0.39 cents |
Thakral Corporation | 1HFY2022 | Reported revenue of $56.5 million | interim dividend of 2 cents per share |
Venture Corp | 1HFY2022 | Reported earnings of $174.3 million, up 24.1% y-o-y | interim dividend at 25 cents per share |
Wilmar | 1HFY2022 | Reported record earnings of US$1.16 billion | an interim dividend of 6 cents, payable on Aug 24 |
Yangzijiang Shipbuilding | 1HFY2022 | Reported earnings of RMB1.37 billion for its 1HFY2022 | - |
Other news:
MAS prices Singapore’s $2.4 bil 50-year inaugural sovereign green bond
Alibaba sales beat estimates, defying economic turmoil
CSE Global order book hits $388.9 million with latest 2Q wins
Del Monte's US subsidiary acquires Kitchen Basics for US$99 mil
Coming Market Focus (Extract):
🔖 Bookmark our Economic Calendar bit.ly/3OeRbhY for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets.
Sunday, August 7, 2022 | |
CNY | Imports/Exports (YoY) Jul Trade Balance (USD) Jul |
Monday, August 8, 2022 | |
SGD | Foreign Reserves USD (MoM) Jul |
HKD | GDP (QoQ) (YoY) Q2 |
Tuesday, August 9, 2022 | |
SGD | Singapore Holiday : National Day |
USD | Nonfarm Productivity (QoQ) Q2 |
CNY | CPI (MoM) (YoY) Jul |
Wednesday, August 10, 2022 | |
USD | Core CPI / CPI (MoM) (YoY) Jul Crude Oil Inventories Crushing Crude Oil Inventories Federal Budget Balance Jul |
SGD | GDP (QoQ) (YoY) Q2 |
Thursday, August 11, 2022 | |
USD | OPEC Monthly Report Initial Jobless Claims PPI (MoM) Jul |
Friday, August 12, 2022 | |
GBP | GDP (QoQ) Q2 Manufacturing Production (MoM) Jun |
HKD | GDP (QoQ) Q2 |
USD | Export / Import Price Index (MoM) Jul |
Sunday, August 14, 2022 | |
JPY | GDP (QoQ) Q2 |
CNY | Industrial Production (YoY) Jul |
p.s:
Next FOMC Meetings 2022; September. 20-21
Focus Point : Blockchain, NFTs and the Metaverse
Following test runs earlier this year in select markets, Instagram is expanding its NFT support to 100 additional countries across “Africa, Asia-Pacific, the Middle East, and the Americas,” according to a Thursday blog post.. Thanks to the image-sharing platform’s status as a Meta-owned entity, this move could bolster the tech giant’s hopes of broadening its authority in the NFT industry. (Source: nftnow.com)
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.)
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