Top Stories, 23 September 2021

1. Commodities Rebound Amid Oil Gains and Easing China Concerns
https://www.kgieworld.sg/research/j5yj

2. CME’s CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world.
Find out more about emissions trading:
https://www.kgieworld.sg/futures/carbon-offset-futures

3. Asia Set for Steady Open, Curve Flatter After Fed: Markets Wrap
https://www.kgieworld.sg/research/emnc

4. AUD/USD keeps Fed-led losses near 0.7250 despite firmer Aussie PMIs, US data in focus
https://www.kgieworld.sg/research/11vy

5. China Evergrande ‘resolves’ interest payment due on smaller of two bonds as it fights to avert debt default
https://www.kgieworld.sg/research/r1jk

6. The Natural Gas Crisis Is A Much-Needed Reality Check
https://www.kgieworld.sg/research/5rg8
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@kgisg

TRADING IDEAS: 🇸🇬 SINGAPORE
24 September 2021

🔷 Uni-Asia Group (UAG SP): Strength to strength
BUY Entry – 1.03 Target –1.56 Stop Loss – 0.92

🚢 Yangzijiang (YZJSGD SP): Stay calm and buy the dip
1.36 Target – 1.70 Stop Loss – 1.25


➡️ Read More: https://www.kgieworld.sg/research/24sepsg
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@kgisg

TRADING IDEAS: 🇭🇰 HONG KONG
24 September 2021

🚙 Geely Automobile Holdings Limited (175 HK): The road is tortuous, but the future is bright
Buy Entry – 22 Target – 26 Stop Loss – 20.5

🌬 Xinjiang Goldwind Science & Tech Co Ltd (2208 HK): Do not let the market headwinds shadow the stock tailwinds
Buy Entry – 15.5 Target – 18.5 Stop Loss – 14


➡️ Read More: https://www.kgieworld.sg/research/24sephk
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@kgisg

Top Stories, 24 September 2021

1. Brent Crude Futures Settle at Highest Since October 2018
https://www.kgieworld.sg/research/jetw

2. CME’s CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world.
Find out more about emissions trading:
https://www.kgieworld.sg/futures/carbon-offset-futures

3. Fed Reverse Repo Usage Hits Record High After Tweak to Limits
https://www.kgieworld.sg/research/3c4o

4. Asian Stocks Set for Steady Open; Bond Yields Jump: Markets Wrap
https://www.kgieworld.sg/research/uxge

5. China’s Casino Crackdown Part of Bigger Quest to Transform Macau
https://www.kgieworld.sg/research/n26d

6. Bitcoin bulls are going for the short squeeze and targeting $50,000 in the comeback
https://www.kgieworld.sg/research/bn8y
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@kgisg

Watch Now: KGI’s Call For The Day 🗣

Evergrande Group - Too big to fail? 🧐
(Part 2)

Evergrande has settled the RMB232mn interest payment of domestic bonds due on September 23rd over the counter.

However, Its debt crisis and the over-leverage issues in the property sector are far from being fully resolved

@kgisg

Watch Now: KGI’s Call For The Day 🗣

IPO Watch Singapore:
Audience Analytics Limited

@kgisg

TRADING IDEAS: 🇸🇬 SINGAPORE
27 September 2021

🏢 Hongkong Land (HKL SP): Aggressively buying back shares
BUY (USD) Entry – 4.60 Target – 5.00 Stop Loss – 4.45

🔷 Uni-Asia Group (UAG SP): Strength to strength
BUY Entry – 1.03 Target –1.56 Stop Loss – 0.92


➡️ Read More: https://www.kgieworld.sg/research/27sepsg
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@kgisg

TRADING IDEAS: 🇭🇰 HONG KONG
27 September 2021

✈️ Hainan Meilan International Airport Company Limited (357 HK): Golden week holiday trade
Buy Entry – 31 Target – 36 Stop Loss – 29

🚙 Geely Automobile Holdings Limited (175 HK): The road is tortuous, but the future is bright
Buy Entry – 22 Target – 20.5 Stop Loss – 26


➡️ Read More: https://www.kgieworld.sg/research/27sephk
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@kgisg

Top Stories, 27 September 2021

1. WTI renews 11-week top around $74.50 amid cautious optimism
https://www.kgieworld.sg/research/v3s8

2. Introducing HKEX Options on Futures Contracts (OOF) on on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures
The new OOF will offer investors a the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.
Find out more: https://www.kgieworld.sg/research/hkex-oof

3. Weekly Australian Dollar Technical Forecast: Bears Losing Control of Price Action
https://www.kgieworld.sg/research/7ujs

4. Stock futures rise in overnight trading after market ends wild week in the green
https://www.kgieworld.sg/research/7soh

5. Stocks face another turbulent week as the third quarter winds down
https://www.kgieworld.sg/research/798i

6. China Evergrande’s EV unit scraps IPO plan while CNOOC, Dongfeng Motor unveil new domestic stock offerings
https://www.kgieworld.sg/research/9xew
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@kgisg

US 10-YR Treasury yields finally rose above 1.40% level

Rising interest rates should benefit the local banks.

As of 10:40AM this morning:
DBS +2.2%
OCBC +1.9%
UOB +1.5%

@kgisg

Watch Now: KGI’s Call For The Day 🗣

More Federal Reserve officials see first interest Rate rise as early as 2022

@kgisg

Here's What's Hot🔥 Today in 🇸🇬 SG
28 September 2021

💸Singapore banks. Shares of banks DBS, OCBC and UOB climbed 2.21%, 2.11% and 1.5% respectively after US 10-year Treasury Yields rose above the 1.40% level.

💎Metech International (CENR SP). Shares of the e-waste management solutions company surged 17.8% yesterday, after the company announced that its subsidiary Asia Green Tech has entered into a joint venture with X Diamond Capital to manufacture and distribute lab-grown diamonds.

🔷Aspen Group Holdings (ASPEN SP) shares rose 5.26% yesterday. The company responded on Thursday night to further questioning by SGX.

⛏Geo Energy Resources (GERL SP), Golden Energy and Resources (GER SP) shares rose 6-7% yesterday. The companies are set to benefit from strong thermal coal prices which are trading near record highs.

Read more: https://www.kgieworld.sg/research/28sepsg
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@kgisg

Here's What's Hot🔥 Today in 🇭🇰 Hong Kong
28 September 2021

🔷CNOOC Ltd (883 HK) Shares rose 5.1% yesterday and closed at a 2-month high. CNOOC announced yesterday that it plans to raise RMB 35bn (US$ 5.4bn) by listing on the Shanghai Stock Exchange.

🚢SITC International Holdings Co Ltd (1308 HK), COSCO Shipping Holdings (1919 HK) Shipping stocks fell collectively yesterday. SITC shares declined 14.4% while COSCO shares declined 14.3%. Container rates have been on an uptrend following the surge in shipping demand due to congestions, weather conditions and labour shortages.

⚡️Huadian Power International (1071 HK), Huaneng Power International Inc (902 HK) shares declined 12.6% and11.8% respectively. Citi Research stated yesterday that both Chinese power-plant operators are likely to report losses in 3Q21 on rising unit coal prices.


Read more: https://www.kgieworld.sg/research/28sephk
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@kgisg

Top Stories, 28 September 2021

1. Gold Price Forecast: XAU/USD Bears in control while price is below $1,760
https://www.kgieworld.sg/research/8j2y

2. Introducing HKEX Options on Futures Contracts (OOF) on on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures
The new OOF will offer investors the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.
Find out more: https://www.kgieworld.sg/research/hkex-oof

3. NZD/USD Struggles as RBNZ Hike Bets Dim. Australian Retail Sales, Chinese Data Near
https://www.kgieworld.sg/research/mfh0

4. China's electricity shock is latest supply chain threat to world
https://www.kgieworld.sg/research/d8rs

5. Senate GOP blocks bill that would fund government and suspend debt limit, as time runs short to avoid shutdown and default
https://www.kgieworld.sg/research/j1g7

6. Stock futures are flat as investors gauge a spike in bond yields
https://www.kgieworld.sg/research/i8cd
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@kgisg

📈 Initiation: LHN Limited (LHN SP)
28 September 2021
A diversified real estate management service provider

🔹 LHN is a real estate management service group which specialises in space optimisation. The company also provide facilities management and logistics services, which complements its space optimisation business.

🔹 Catalysts. A solid FY22 revenue growth is expected from the space optimization business, given that 4 residential properties are expected to commence operations. Revenue and earnings drivers include reopening of borders and positive momentum of co-living trends. Meanwhile, the facilities management segment is expected to grow in tandem with the space optimization business, coupled with recurring dormitory management income. Finally, the logistics management segment is expected to grow in line with robust shipping activity.

We initiate with an OUTPERFORM recommendation and TP of S$0.49, based on 6.0x FY22F P/E.


Read Full Report: https://www.kgieworld.sg/research/lhn-limited/
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@kgisg

TRADING IDEAS: 🇸🇬 SINGAPORE
29 September 2021

🔲 LHN (LHN SP): A diversified real estate management service provider
BUY Entry – 0.335 Target –0.49 Stop Loss – 0.30

🔷 Uni-Asia Group (UAG SP): Strength to strength
RE-ITERATE BUY Entry – 1.03 Target –1.56 Stop Loss – 0.92


➡️ Read More: https://www.kgieworld.sg/research/29sepsg
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@kgisg

TRADING IDEAS: 🇭🇰 HONG KONG
29 September 2021

💠 Fuyao Glass Industry Group Co Ltd (3606 HK): Double whammies are the buy-the-dip opportunity
Buy Entry – 40 Target – 37 Stop Loss – 50

✈️ Hainan Meilan International Airport Company Limited (357 HK): Golden week holiday trade
Buy Entry – 31 Target – 36 Stop Loss – 29


➡️ Read More: https://www.kgieworld.sg/research/29sephk
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@kgisg

Top Stories, 29 September 2021

1. Brent dips after topping $80 a barrel, highest since Oct 2018
https://www.kgieworld.sg/research/cb1t

2. Introducing HKEX Options on Futures Contracts (OOF) on on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures
The new OOF will offer investors the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.
Find out more: https://www.kgieworld.sg/research/hkex-oof

3. EUR/USD Rate Defends 2021 Low Ahead of Euro Area Inflation Report
https://www.kgieworld.sg/research/gus0

4. Nasdaq tanks 2.8% in worst day since March as yield spike hits tech stocks, Dow drops 570 points
https://www.kgieworld.sg/research/4dsx

5. Chinese automaker Geely launches a high-end smartphone business
https://www.kgieworld.sg/research/852l

6. China energy crunch triggers alarm, pleas for more coal
https://www.kgieworld.sg/research/s4h7
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@kgisg

Here's What's Hot🔥 Today in 🇸🇬 SG
30 September 2021

🐠Oceanus Group (OCNUS SP)announced its exit from SGX’s watch list since being put on it nearly six years ago in December 2015. Oceanus’ shares closed 20.59% higher on Wednesday.

🏢Hatten Land (HATT SP) shares surged 13.11% after announcing that it has signed a definitive agreement with Frontier Digital Asset Management to share proceeds from jointly operating 1,000 cryptocurrency mining rigs.

🛢First Resources (FR SP) shares of the palm oil company rose 5.6%, closing at its highest in more than six months.

🚢Uni-Asia Group (UAG SP) Shares of the bulk shipping company rose 3.6% on the back of rising charter rates. We currently have an OUTPERFORM rating on Uni-Asia with a TP of S$1.56 (+37% potential upside).

🏛Keppel REIT (KREIT SP) climbed as much as 2.9% yesterday. The company announced on Tuesday that Koh Wee Lih, outgoing Executive Director and CEO of AIMS APAC Reit will take over as CEO.

Read more: https://www.kgieworld.sg/research/30sepsg
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@kgisg

Here's What's Hot🔥 Today in 🇭🇰 Hong Kong
30 September 2021

🏛China Evergrande New Energy Vehicle Group (708 HK), China Evergrande Group (3333 HK), Evergrande Property Services Group (6666 HK) shares rebounded yesterday by 44%, 15% and 8.9% respectively. Evergrande said that it has entered into an agreement to sell 1.75bn shares it owns in Shengjing Bank to the Shenyang Shengjing Finance Investment Group at RMB 5.70 per share for a total consideration of RMB 99.93bn. Markets are closely watching to see if the firm will meet its US$47.5 million interest payment due Wednesday.

🪙Yanzhou Coal Industry(HK 1171). Shares declined 10.8% yesterday, likely on profit-taking after Tuesday’s gain of 15.5%.

🧻Lee & Man Paper Manufacturing (2314 HK), Nine Dragons Paper Holdings (2689 HK) shares declined 9% and 6.3% respectively. China’s energy crisis is shaping up as factories of the world’s biggest exporter are forced to conserve energy by curbing production.


Read more: https://www.kgieworld.sg/research/30sephk
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@kgisg

Top Stories, 30 September 2021

1. Gold Price Forecast: Poised to challenge the 1,700 threshold
https://www.kgieworld.sg/research/40tk

2. Introducing HKEX Options on Futures Contracts (OOF) on on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures
The new OOF will offer investors the opportunity to take a futures position on HKEX’s markets prior to the settlement of the underlying futures contract.
Find out more: https://www.kgieworld.sg/research/hkex-oof

3. AUD/USD tumbles amid broad based US dollar gains
https://www.kgieworld.sg/research/jjts

4. Evergrande set to miss second offshore bond coupon payment this month, sources say
https://www.kgieworld.sg/research/fs4d

5. Stock futures are slightly higher after rising rates hit tech stocks
https://www.kgieworld.sg/research/c13k

6. Fed Chair Powell calls inflation ‘frustrating’ and sees it running into next year
https://www.kgieworld.sg/research/m33y
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@kgisg