Morning with UOB Kay Hian:
π Buy Seatrium Ltd Recommendation
βοΈ Buy Seatrium at S$0.079-0.080. Stop at S$0.073 and profit target at S$0.094
βοΈ Price could have formed a possible bottom at S$0.074
βοΈ There is potential divergence warning given from the MACD that hints at possible reversal ahead
π Buy Seatrium Ltd Recommendation
βοΈ Buy Seatrium at S$0.079-0.080. Stop at S$0.073 and profit target at S$0.094
βοΈ Price could have formed a possible bottom at S$0.074
βοΈ There is potential divergence warning given from the MACD that hints at possible reversal ahead
π Overnight News That Moved The Market π
π Elon Musk flies in to meet China's premier as Tesla fights local rivals
𧨠ExxonMobilβs profit falls 28% on weaker gas prices and refining margins
πΉ Fedβs preferred metric of inflation rose to 2.7% in March
π° Yen sell-off deepens after BoJ holds rates
(Source: Financial Times)
π Elon Musk flies in to meet China's premier as Tesla fights local rivals
𧨠ExxonMobilβs profit falls 28% on weaker gas prices and refining margins
πΉ Fedβs preferred metric of inflation rose to 2.7% in March
π° Yen sell-off deepens after BoJ holds rates
(Source: Financial Times)
π Overnight News That Moved The Market π
π In China, Elon Musk scores wins on the path to self-driving cars
π Apple shares rise after Bernstein analyst takes bullish stance
π¨π³ China's BYD shows effects of price war with weaker first-quarter earnings
π’ Chinese property shares rally on stimulus hopes
(Source: Reuters)
π In China, Elon Musk scores wins on the path to self-driving cars
π Apple shares rise after Bernstein analyst takes bullish stance
π¨π³ China's BYD shows effects of price war with weaker first-quarter earnings
π’ Chinese property shares rally on stimulus hopes
(Source: Reuters)
Morning with UOB Kay Hian:
βοΈ Singtel (BUY/ S$2.35/ Target: S$2.99)
βοΈ Striking A Deal In Regional Australia...
βοΈ Singtel announced S$3.1b of exceptional non-cash impairment in 2HFY24...
βοΈ Optus announced a network sharing agreement with TPG that will help to strengthen the regional mobile network...
βοΈMaintain BUY with the same DCF-based target price of S$2.99...
Click here for full insights:
https://bit.ly/3webpW9
βοΈ Singtel (BUY/ S$2.35/ Target: S$2.99)
βοΈ Striking A Deal In Regional Australia...
βοΈ Singtel announced S$3.1b of exceptional non-cash impairment in 2HFY24...
βοΈ Optus announced a network sharing agreement with TPG that will help to strengthen the regional mobile network...
βοΈMaintain BUY with the same DCF-based target price of S$2.99...
Click here for full insights:
https://bit.ly/3webpW9
π Overnight News That Moved The Market π
π Apple set for big sales decline as investors await AI in iPhones
π Tesla retreats from next-generation βgigacastingβ manufacturing process
π Qualcomm forecast beats estimates as AI drives chip sales in China
πΈπ¬ Singapore's DBS says 1st-quarter net profit up 15% to record high, beats forecasts
πFed keeps rates unchanged, flags 'lack of further progress' on inflation
(Source: Reuters)
π Apple set for big sales decline as investors await AI in iPhones
π Tesla retreats from next-generation βgigacastingβ manufacturing process
π Qualcomm forecast beats estimates as AI drives chip sales in China
πΈπ¬ Singapore's DBS says 1st-quarter net profit up 15% to record high, beats forecasts
πFed keeps rates unchanged, flags 'lack of further progress' on inflation
(Source: Reuters)
Morning with UOB Kay Hian:
π¨ CDL Hospitality Trusts (CDREIT SP) BUY
1Q24: Positive Growth With Upward Momentum
βοΈ CDREITβs volume strategy generated growth in RevPAR of 16.6% yoy to S$205...
βοΈ Chinese tourists contributed and accounted for 18% of visitor arrivals to Singapore...
βοΈ Residential build-to-rent project The Castings in the UK will start contributing in 2H24.
βοΈMaintain BUY for 2024 with a distribution yield of 6.6%. Target price: S$1.48.
Click here for full insights:
https://bit.ly/3Uorh0r
π¨ CDL Hospitality Trusts (CDREIT SP) BUY
1Q24: Positive Growth With Upward Momentum
βοΈ CDREITβs volume strategy generated growth in RevPAR of 16.6% yoy to S$205...
βοΈ Chinese tourists contributed and accounted for 18% of visitor arrivals to Singapore...
βοΈ Residential build-to-rent project The Castings in the UK will start contributing in 2H24.
βοΈMaintain BUY for 2024 with a distribution yield of 6.6%. Target price: S$1.48.
Click here for full insights:
https://bit.ly/3Uorh0r
π Overnight News That Moved The Market π
π Apple unveils record $110 billion buyback as results beat low expectations
π± Qualcomm jumps as AI sparks rebound in Chinese smartphone market
π Coinbase posts soaring profit on jump in crypto prices
ππ° Hong Kong Q1 GDP expands 2.7% on year, tight financial conditions seen
(Source: Reuters)
π Apple unveils record $110 billion buyback as results beat low expectations
π± Qualcomm jumps as AI sparks rebound in Chinese smartphone market
π Coinbase posts soaring profit on jump in crypto prices
ππ° Hong Kong Q1 GDP expands 2.7% on year, tight financial conditions seen
(Source: Reuters)
Morning with UOB Kay Hian:
π Buy Yoma Strategic Recommendation
βοΈ Buy Yoma Strategic at S$0.046-0.047. Stop at S$0.045 and profit target at S$0.058
βοΈ Price has formed a base low at S$0.039
βοΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead
βοΈ MACD has turned bullish
π Buy Yoma Strategic Recommendation
βοΈ Buy Yoma Strategic at S$0.046-0.047. Stop at S$0.045 and profit target at S$0.058
βοΈ Price has formed a base low at S$0.039
βοΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead
βοΈ MACD has turned bullish
π Overnight News That Moved The Market π
π Buffett lauds Apple despite lowering stake
π Amgen jumps after teasing weight-loss drug data, rival stocks fall
ππ° Hong Kong March retail sales down 7%, snapping 15 months of growth
π’ US job gains fewest in six months as labor market cools
(Source: Reuters)
π Buffett lauds Apple despite lowering stake
π Amgen jumps after teasing weight-loss drug data, rival stocks fall
ππ° Hong Kong March retail sales down 7%, snapping 15 months of growth
π’ US job gains fewest in six months as labor market cools
(Source: Reuters)
Morning with UOB Kay Hian:
𧀠Buy Top Glove Corp Recommendation
βοΈ Buy Top Glove at S$0.245-0.250. Stop at S$0.240 and profit target at S$0.285
βοΈ Price broke and closed above the cloud, turning the chart outlook to bullish
βοΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead
βοΈ MACD is bullish and is rising
𧀠Buy Top Glove Corp Recommendation
βοΈ Buy Top Glove at S$0.245-0.250. Stop at S$0.240 and profit target at S$0.285
βοΈ Price broke and closed above the cloud, turning the chart outlook to bullish
βοΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead
βοΈ MACD is bullish and is rising
Morning with UOB Kay Hian:
π Offshore Marine - Singapore
βοΈ Saudi actions injecting uncertainty into jack-up rigs but deepwater demand remains robust...
βοΈ Markets seem nonplussed about Middle East tensions...
βοΈ Bullish US reporting season...
βοΈ The majority of Singaporeβs small/mid-cap offshore marine companies have outperformed in the past 12 months...
Click here for full insights:
https://bit.ly/3QyBzdh
π Offshore Marine - Singapore
βοΈ Saudi actions injecting uncertainty into jack-up rigs but deepwater demand remains robust...
βοΈ Markets seem nonplussed about Middle East tensions...
βοΈ Bullish US reporting season...
βοΈ The majority of Singaporeβs small/mid-cap offshore marine companies have outperformed in the past 12 months...
Click here for full insights:
https://bit.ly/3QyBzdh