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Price Cap on Russia Oil
"Biden administration capped the price of Russian oil at $44 per barrel "
Reference link:
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Local Banks raise interest rate of saving accounts
The rising interest rate had recently pushed the local rate of the local saving accounts higher, and had attracted many people to enquire on it... so investors, please take note of the lock-up period whether there's any penalty applicable for early termination
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To Investors :
Investment tip takeaway 🦉 this week:
After a sudden pull back on last Wed, Singapore market had rebounded beautifully on Thurs and continue moving upward on Friday... And this week, STI continue its uptrend moment.
I understand many investors worried about this week U.S. economic data announcement on CPI, PPI and unemployment rate, since these indicators are mostly used to measure inflation that currently the market most concern about. However, need to take note of the possible pull back this Wednesday, as I'm still remain bullish this Friday as markets may able to close high to end the week. After all, my forecast for the entire month of September remains optimistic. In addition, my preferred sectors continue lie in transportation, property, medical sector and even bitcoin. However, I will likely take the opportunities to buy sell within this month, if prices are trending higher, as I will turn pessimistic as entering into the month of October.
My long term tick remains in Oil & Gas, and agriculture, e.g. SembCorp Ind and Keppel
With the rising interest rate, I believe the risk-averse investors will seriously consider to park their money in fixed deposit with the bank to earn higher interest. Hence, you may also consider to earn yourself a higher interest rate too with any idle cash inside your trading account while awaiting for trading opportunities? Try our Phillip Money Market Fund SGD : 1.5831% p.a.
USD : 2.1663% p.a.
Rates updated as of 12 September 2022
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My Interview with ZaoBao dated 10 Sep:
FRASERS PROPERTY LTD SGD 5Y SENIOR UNSECURED GREEN BOND IPG 4.75 AREA
For ZaoBao Subscriber, Click HERE
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This Week Economic Data ~ Focal Point :
📣 Important indexes to take note:
Monday, September 12, 2022 | |
CNY, HKD | Holiday: Mid-Autumn Moon Festival |
Tuesday, September 13, 2022 | |
USD | OPEC Monthly Report Core CPI / CPI Federal Budget Balance Aug |
SGD | Unemployment Rate Q2 |
Wednesday, September 14, 2022 | |
AUD | Unemployment Rate Aug |
USD | Core PPI / PPI Crude Oil Inventories |
Thursday, September 15, 2022 | |
USD | Core Retail Sales / Retail Sales Import / Export Price Index Initial Jobless Claims Philadelphia Fed Manufacturing Index |
SGD | Non-Oil Exports Trade Balance |
CNY | Industrial Production (YoY) Chinese Unemployment Rate |
Friday, September 16, 2022 | |
USD | Michigan Consumer Sentiment US Foreign Buying, T-bonds |
p.s:
Next FOMC Meetings 2022; September. 20-21
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Last Week Economic Data Review :
Singapore
SG's Retail Sales (MoM) Jul, Previous: -1.4%... Actual: 0.6%
Retail Sales (YoY) Jul, Previous: 14.9%... Actual: 13.7%
-> Consumer spending remain stable
SG's Foreign Reserves USD (MoM Aug, Previous: 288.2B... Actual 289.4B
United Stated
USD's Exports/Imports, Previous: 260.80B/340.40B... Actual: 259.30B/329.90B
USD's Trade Balance Jul, Previous: -80.90B... Actual: -70.70B
USD's API Weekly Crude Oil Stock (Prev 0.593M... Actual 3.645M) ⬆️
USD's Crude Oil Inventories (Prev -3.326M... Actual 8.844M) ⬆️
USD's Initial Jobless Claims ⬇️
China
CNY's Exports/Imports (YoY) Aug, Previous: 18.0%/2.3%... Actual: 7.1%/0.3%
CNY's Trade Balance (USD) Aug, Previous: 101.26B... Actual: 79.39B
-> Likely due to imposing lockdowns on various provinces include Shenzhen... affected the export and import activities
CNY's CPI (Prev 2.7%... Actual 2.5%) ⬇️ inflation dropped
CNY's PPI (Prev 4.2%... Actual 2.3%) ⬇️ inflation dropped
Australia
AUD's RBA Interest Rate Decision Sep, Previous: 1.85%... Actual: 2.35%
-> Interest rate increased by 50 basis points
AUD's GDP (QoQ) (Q2), Previous: 0.7%... Actual: 0.9%
"What We Think, We Become."
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Other Focus (Results / Highlights of Corporate Actions):
💡 SGX <Analyst Research>
Other extracted news:
Frasers Hospitality Trust shareholders vote against scheme resolution for privatisation
DBS commits to net zero by 2050 and becomes first Singapore bank to join the UN-linked Net-Zero Banking Alliance
Goldman Sachs Plans to Cut Hundreds of Jobs
CNMC Goldmine to start commercial production of base metals with opening of flotation plant
GTT and Yangzijiang enter agreement for membrane technology vessels
Singtel and Intel to help enterprises find an edge with 5G and MEC
Keppel Corp receives three-month extension of credit period from CPIB
Kimly to dispose its confectionary business for $2.8 mil
Sea's Retail Arm Pulls Out of Argentina in Latin America Retreat
Fashion Startup Pomelo Cuts 8% of Staff as Asia Layoffs Spread
Oxley proposes to distribute shares in Aspen Group via dividend in specie
Temasek-owned Advanced MedTech appoints Greg Miller as chief financial officer
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SGX
🎙️ Feat. Gerald Wong founder and CEO of Beansprout, SG's next-gen investment research platform, on what's trending in SG
Nio, XPeng and Li Auto reported weaker deliveries and margins in 2Q22 amidst challenges from COVID-19 lockdowns in China, extreme weather conditions, as well as supply chain uncertainties. Nonetheless, Chinese EV manufacturers delivered upbeat guidance for 2H22 with supply chain bottlenecks easing on the back of continued demand growth for EVs.
iEdge SG Advanced Manufacturing Index constituents have seen net institutional inflows of close to S$10 million in 3Q22 through to 7 Sep, while the Index generated a decline of 4% in total return. Nonetheless, the Index has delivered a total return of 25% since end of 2019, which is considered a highly competitive return compared to 9% for the FTSE ST All-Share Index and 1% for the FTSE Asia Pacific Index.
Corresponding to Singapore's manufacturing activity, the 10 stocks of the Index that have seen the highest net institutional inflows for 3Q22 through to 7 Sep span multiple sectors including technology, industrials, consumer non-cyclicals and healthcare.
The 10 Singapore-listed stocks, that have averaged more than S$1M in daily turnover in the 2022 YTD and saw the most percentage increases in daily trading turnover as compared to the full 2021 year, include as many as 3 Energy plays - Golden Energy and Resources, Geo Energy Resources and RH Petrogas.
Combined, the trio averaged S$15M of daily trading turnover, up 3.4x from 2021, while averaging close to 70% price gains in the 2022 YTD.
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Avant-Garde : Blockchain, NFTs, Metaverse... and Emerging New Wave
Crypto: Bitcoin rallies past $22,000 again (Check price)
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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