Investment tip takeaway 🦉 this week: "People see what they're told to see..."
Singapore market continue stayed strong.. let's review the released data that are important and got significant changes last week:
Singapore
SG's CPI (YoY), Previous: 5.6%... Actual: 6.7% at record high
-> Meaning you need to pay more for things that you want to buy
SG's Industrial Production (YoY) Jun, Previous: 10.4%... Actual: 2.2%
SG's Industrial Production (MoM) Jun, Previous: 9.2%... Actual: -8.5%
-> Output produced by manufacturers dropped... Click HERE for Detail
China
CNY's Chinese Industrial Profit (YoY) Jun, Previous: -6.50%... Actual: 0.80%
United Stated
USD's API Weekly Crude Oil Stock, Previous: 1.860M... Actual: -4.037M
USD's Pending Home Sales (MoM) Jun, Previous: 0.4%... Actual: -8.6%
USD's Crude Oil Inventories, Previous: -0.446M... Actual: -4.523M
USD's Fed Interest Rate Decision, Previous: 1.75%... Actual: 2.50%
-> New Rate change at Range between 2.25% - 2.5%
USD's GDP (QoQ) Q2, Previous: -1.6%... Actual: -0.9%
-> US economy shrinks for a second quarter, fueling recession fears
To Investors :
Last week, the 3 US major indexes surged as Fed Chairman Jerome Powell signalled during the Fed meeting that central bank could slow the pace of its hikes in the subsequent meetings, suggested that the Fed is aware of the negative impact of its rate hikes on the economy. And his remarks had indeed given hope to investors once again about the outflow of funds from the stock market could probably slow down before the next Fed meeting in September. (source: CNBC)
Stepping into August, the political atmosphere may get tense again, not only in the northern part of the globe, but the American politician, Nancy Pelosi, had kicked off her Asian Tour yesterday with Singapore as her first stop of visit. Her second stop at Taiwan, had already stirred up the tensions once again between China and Taiwan. Hence, fund managers may chose to stay away if political instability is in sight. But I believe the buying spree in Singapore Market is far from over (please refer to last week on my explanation why Singapore remains relatively strong), investors can consider the following sectors for long positions in the month of August and September as of now market can take a holiday from the Fed Reserve before September:
Property sector
REIT
Gold
And I had tabulated the REIT Results (include DPU) and other corporate earning this week for your reference.
To take note: Market in month of August, is kind of sensitive to political news, I expect the clashes between countries, may increase once again but these will give investors opportunities to buy at low prices during pull back again. Therefore, investors need to be careful as the market volatilities is expected to increase.
🌀 Focal Point 1: Energy Price
From now, many northern countries are busy stocking up on staples for winter once stepping into August. And the energy prices will likely to stay high as demands are expected go up. Therefore, energy related counters can still remain as part of your portfolios and investors can consider to engage sell-half-and-hold-half strategies if the energy prices run-up too fast.
🌀 Focal Point 2: US Q2 Earning Announcements continue
US earnings last week summarised as below... (Captured from CNBC) Megacap misses: Alphabet, Microsoft, Meta
Earning Disasters: Intel, Roku, StanleyBlack&Decker
Retail Warnings: Walmart, Best Buy
Weak Guidance: Qualcomm, Whirlpool, Sherwin-Williams
So far, the global tech stocks had been facing selling pressure in the last quarter. Though there was a rally before the earning announcement last week, but investors seem to chose to sell on result and you can click Here for US Events Calendar for Jul 31, 2022 - Aug 06, 2022
For Singapore
"Knowledge is power."📌
Other Focus (Results and Highlights of Corporate Actions):
📣 Earnings Calendar - 1 Aug 2022 to 5 Aug 2022
19 SGX-listed companies will be announcing their financial results and business updates this week, including 6 STI constituents, Ascendas REIT, OCBC, Wilmar International, DBS, Venture Corp, Sembcorp Industries and Frasers Logistics & Commercial Trust.
🔖 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.
REIT Results:
AIMS APAC REIT | 1QFY2022 | Net property income (NPI) grew 34.3% y-o-y to $31.0 million | DPU of 2.28 cents |
Ascott Residence Trust | 1HFY2022 | Total distribution increased by 20% y-o-y to $76.7 million | DPU of 2.33 cents |
CDLHT | 1HFY2022 | Net property income improved by 37.8% y-o-y to $51 million | DPU of 2.04 cents |
CICT | 1HFY2022 | Net property income (NPI) increased by 6.2% y-o-y to $501.6 million | DPU of 5.18 cents |
CLCT | 1HFY2022 | CLCT retain $3.6 mil for 'financial flexibility' | DPU falls by 3.1% to 4.10 cents |
Digital Core REIT | 1HFY2022 | Net property income for first half 2022 was US$35.4 million, announce acquisition plans | DPU of US$ 2.37 cents |
ESR-LOGOS | 2QFY2022 | Net property income (NPI) for the half-year period increased by 18.2% y-o-y to $102.8 million | DPU of 0.737 cents |
Far East Hospitality Trust | 1HFY2022 | Net property income (NPI) increased by 3.5% y-o-y to $37.5 million | DPS of 1.54 cents |
Frasers Centrepoint Trust | 3QFY2022 | Reports tenant sales at 10% higher than pre-pandemic levels | |
Keppel Infrastructure Trust | 1HFY2022 | Distributable income was $87.6 million, down 13% y-o-y. | DPU of 1.91 cents |
Keppel REIT | 1HFY2022 | Net property income (NPI) increased by 6.0% y-o-y to $89.5 million | DPU of 2.97 cents |
Mapletree Commercial Trust | 1QFY2023 | Report NPI (Net Property Income) earnings of $106.7 million | 10.1% Higher |
Suntec REIT | 1HFY2022 | Net property income (NPI) for the 1HFY2022 increased by 35.8% y-o-y to $152.9 million | DPU of 4.810 cents |
Starhill Global REIT | 2HFY2022 | Net property income (NPI) increased by 7.6% y-o-y to $75.1 million due to the cessation of rental rebates in Malaysia | DPU of 2.02 cents |
Other Results:
Baker Technology | 1HFY2022 | Reports earnings of $9.0 million | Increased by double |
DFI Retail Group | 1HFY2022 | Reports loss of US$52 million | Cuts dividend |
First Sponsor Group | 1HFY2022 | Reports earnings of $71.3 million | 3.5% Higher |
GKE Corp | FY2022 | Profit reported at $4.7 million | Profit plunges 59.2% y-o-y |
HC Surgical Specialists | FY2022 | Profit reported at $6.4 million | Profit dropped 20.3% |
Hongkong Land | 1HFY2022 | Reverses to profitability with US$292 mil earnings | Interim dividend of US$0.06 per share |
Hutchison Port Holdings Trust | 1HFY2022 | Reported earnings of HK$716.3 million ($126.5 million) | Pay DPU of 6.50 HK cents |
Japfa | 1HFY2022 | Reported revenue of US$2.5 billion, up 10.4% y-o-y on higher selling prices | |
Jardine Cycle & Carriage | 1HFY2022 | Reports record underlying earnings of US$522 million4 | interim dividend of 28 US cents per share |
Jardine Matheson | 1HFY2022 | Back in the black with earnings of US$423 million | Interim dividend of 55 US cents per share |
Keppel Corporation | 1HFY2022 | Reports 26.4% higher in earnings of $434.1 million | Interim dividend of 15.0 cents per share |
Lian Beng Group | FY2022 | Reports 66.7% earnings jump for FY2022 | Final dividend of 2 cents per share |
Mandarin Oriental International | 1HFY2022 | Reduces 1HFY2022 losses to US$18.3 million | |
UOB | 2QFY2022 | net profit of $1.1 billion | 11% Higher |
Samudera Shipping | 1HFY2022 | Reports earnings of US$171.7 million | up 367.7% y-o-y |
Sheng Siong Group | 1HFY2022 | 2.2% higher earnings of $67.4 million | Interim dividend of 3.15 cents per share |
SIA | 1QFY2023 | Reverses into the black with $370 mil net profit for 1QFY2023 | |
Sing Investments & Finance | 1HFY2022 | Reports 7.3% higher earnings of $19.7 million | |
Other news:
ComfortDelGro sells part of stake in Scottish Citylink Coaches as part of $2.8 mil
UOB sues distressed China builder Shimao over loan terms
Meta falls as sales miss estimates in first-ever quarterly drop
Samsung's profit misses as slow down claims latest tech casualty
Coming Market Focus (Extract):
Sunday, July 31, 2022 | |
CNY | Caixin Manufacturing PMI Jul |
Monday, August 1, 2022 | |
USD | ISM Manufacturing PMI Jul |
HKD | GDP (QoQ) (YoY) Q2 |
Tuesday, August 2, 2022 | |
AUD | RBA Interest Rate Decision RBA Rate Statement |
USD | API Weekly Crude Oil Stock |
USD | FOMC Member Bullard Speaks |
CNY | Caixin Services PMI (Jul) |
Wednesday, August 3, 2022 | |
USD | OPEC Meeting ISM Non-Manufacturing PMI Jul Crude Oil Inventories |
Thursday, August 4, 2022 | |
USD | FOMC Member Mester Speaks Initial Jobless Claims Imports & Exports |
Friday, August 5, 2022 | |
SGD | Retail Sales MoM YoY Jun |
USD | Unemployment Rate Jul |
Saturday, August 6, 2022 | |
CNY | Trade Balance Jul Imports & Exports |
p.s:
Next FOMC Meetings 2022; September. 20-21
Focus Point : Blockchain, NFTs and the Metaverse
The headline last week:
Though I think the current bitcoin level is good to long starting in the 2 week of August till end of September. But with so many bitcoin exchanges collapsed recently, those who interested to buy into bitcoin can consider Bitcoin Future or Bitcoin CFD... Taking bitcoin as a form of commodity to trade is always safer than keep it as a form of asset to hold in long run.
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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