🌏 [Partner's Post] Global Impact of the Recent American Presidential Election on Asia
In the latest episode of “Lens on Singapore” from The Business Times, host Claressa Monteiro delves into the significant implications of a second Trump presidency for Asia. Featuring Geoff Howie, Market Strategist at SGX Group, and Dr. Joseph Liow, Dean of the College of Humanities, Arts, and Social Sciences at Nanyang Technological University, this informative episode looks at the interplay between US-Asia relationship, economic growth, and the stock markets.
Key discussion points:
📌 Bilateral vs multilateral engagements
📌 Market reactions
📌 Implication for Asia
📌 Opportunities for Singapore
🎧 Catch the full episode at bit.ly/3V5dFs5
In the latest episode of “Lens on Singapore” from The Business Times, host Claressa Monteiro delves into the significant implications of a second Trump presidency for Asia. Featuring Geoff Howie, Market Strategist at SGX Group, and Dr. Joseph Liow, Dean of the College of Humanities, Arts, and Social Sciences at Nanyang Technological University, this informative episode looks at the interplay between US-Asia relationship, economic growth, and the stock markets.
Key discussion points:
📌 Bilateral vs multilateral engagements
📌 Market reactions
📌 Implication for Asia
📌 Opportunities for Singapore
🎧 Catch the full episode at bit.ly/3V5dFs5
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SGX Group on LinkedIn: Lens on Singapore: A second Trump presidency - A bull or bear run for Asia?
🌏 Global Impact of the Recent American Presidential Election on Asia 🌏
In the latest episode of “Lens on Singapore” from The Business Times, host Claressa…
In the latest episode of “Lens on Singapore” from The Business Times, host Claressa…
🇺🇸 US Magnificent Seven Stock DLCs Introduced for Asian Market Hours
7 new US stock underlyings for Daily Leverage Certificates (DLCs) issued by Societe Generale are now available for local investors, providing 3x long or short exposure to the US M7 stocks - Tesla, Nvidia, Alphabet, Apple, Amazon, Microsoft and Meta Platforms. Following the US elections, investors have priced in lower corporate taxes and deregulation under the Trump 2.0 administration and all long DLCs on the M7 stocks posted positive returns for 5 to 11 Nov (post US elections). Tesla 3x Long DLC (TSYW) was the top performer, gaining 148% for the period.
▶️ Find out more about the US stock DLCs here: bit.ly/4g2VJGE
7 new US stock underlyings for Daily Leverage Certificates (DLCs) issued by Societe Generale are now available for local investors, providing 3x long or short exposure to the US M7 stocks - Tesla, Nvidia, Alphabet, Apple, Amazon, Microsoft and Meta Platforms. Following the US elections, investors have priced in lower corporate taxes and deregulation under the Trump 2.0 administration and all long DLCs on the M7 stocks posted positive returns for 5 to 11 Nov (post US elections). Tesla 3x Long DLC (TSYW) was the top performer, gaining 148% for the period.
▶️ Find out more about the US stock DLCs here: bit.ly/4g2VJGE
🚗 Recent Driving Forces in the Technology Sector
The expanding field of technology applications has driven significant capitalisation growth in global technology stocks, increasing their share in global index benchmarks from one-tenth to one-quarter.
Gartner projected significant growth in global semiconductor sales for 2024 and 2025, driven by a rebound in AI chips, memory pricing, PCs, smartphones, and consumer devices. However, the performance of downstream electronics industries has been mixed in 2024, with cyclical factors causing a slower recovery.
▶️ Read more about the rise of Global Tech stocks here: bit.ly/499zBrJ
The expanding field of technology applications has driven significant capitalisation growth in global technology stocks, increasing their share in global index benchmarks from one-tenth to one-quarter.
Gartner projected significant growth in global semiconductor sales for 2024 and 2025, driven by a rebound in AI chips, memory pricing, PCs, smartphones, and consumer devices. However, the performance of downstream electronics industries has been mixed in 2024, with cyclical factors causing a slower recovery.
▶️ Read more about the rise of Global Tech stocks here: bit.ly/499zBrJ
🏬 Stock of the Week: CapitaLand Investment (SGX: 9CI)
- For its 3QFY24, CLI reported a 90% increase in transactions for the 2024 year to date compared to the same period in 2023, largely attributed to CICT's acquisition of ION Orchard from CLI at S$1.9B.
- CLI aims to double funds under management (FUM) to S$200B by 2028 and raise operating earnings to over S$1B by 2028-2030. Significant capital will be set aside for mergers & acquisitions and new growth engines in APAC as CLI scales its capabilities and FUM.
- On 20 Nov, CLI announced an acquisition of 40% stake in SC Capital Partners Group for S$280M, increasing FUM to S$113B and marking its maiden entry into the Japan REIT market.
- The counter remains as the 12th most traded stock YTD, averaging a daily turnover of S$27.4M. 9CI maintains a Bloomberg analyst consensus TP of S$3.55, with 16 "Buy" calls and zero "Hold" and "Sell" calls.
*All data as of 25 Nov 2024
➡️ For more information on CapitaLand Investment, visit bit.ly/3V8CFyC
- For its 3QFY24, CLI reported a 90% increase in transactions for the 2024 year to date compared to the same period in 2023, largely attributed to CICT's acquisition of ION Orchard from CLI at S$1.9B.
- CLI aims to double funds under management (FUM) to S$200B by 2028 and raise operating earnings to over S$1B by 2028-2030. Significant capital will be set aside for mergers & acquisitions and new growth engines in APAC as CLI scales its capabilities and FUM.
- On 20 Nov, CLI announced an acquisition of 40% stake in SC Capital Partners Group for S$280M, increasing FUM to S$113B and marking its maiden entry into the Japan REIT market.
- The counter remains as the 12th most traded stock YTD, averaging a daily turnover of S$27.4M. 9CI maintains a Bloomberg analyst consensus TP of S$3.55, with 16 "Buy" calls and zero "Hold" and "Sell" calls.
*All data as of 25 Nov 2024
➡️ For more information on CapitaLand Investment, visit bit.ly/3V8CFyC
💡 Did you know? Your idle funds in the Supplementary Retirement Scheme (SRS) are earning a negligible interest of 0.05% p.a. Don’t let your money sit idle - invest your SRS funds to make your money work harder for you!
💰 All ETFs listed on SGX are eligible for SRS investing, offering you a variety of options to grow your retirement funds. Learn more about investing with SRS funds at bit.ly/4hN6IFS!
💰 All ETFs listed on SGX are eligible for SRS investing, offering you a variety of options to grow your retirement funds. Learn more about investing with SRS funds at bit.ly/4hN6IFS!
REIT ETF Highlights_Nov 2024-1732691840.pdf
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📈 Latest Highlights of REIT ETFs on SGX
• Bond Yields & Fed Rate Cut: Post-Trump’s election victory, the 10-year UST yield rose to 4.48%. The Fed’s 25 bps rate cut on Nov 7 lowered the federal funds rate to 4.50%-4.75%, boosting REIT valuations.
• Impact on REITs: Higher bond yields have pressured REIT prices due to increased borrowing costs and risk-free rates.
• Performance Highlights: The CSOP iEdge S-REIT Index ETF achieved a 6.1% dividend yield and a 3-month return of 5.01% in Oct 2024, showcasing strong performance among major S-REITs.
➡️ For latest ETF updates, visit bit.ly/3UG2l6f
• Bond Yields & Fed Rate Cut: Post-Trump’s election victory, the 10-year UST yield rose to 4.48%. The Fed’s 25 bps rate cut on Nov 7 lowered the federal funds rate to 4.50%-4.75%, boosting REIT valuations.
• Impact on REITs: Higher bond yields have pressured REIT prices due to increased borrowing costs and risk-free rates.
• Performance Highlights: The CSOP iEdge S-REIT Index ETF achieved a 6.1% dividend yield and a 3-month return of 5.01% in Oct 2024, showcasing strong performance among major S-REITs.
➡️ For latest ETF updates, visit bit.ly/3UG2l6f
SGX Academy Events Coming Up*
💎 3 Dec: Discovering the hidden gems of Emerging Asia - India, Malaysia, Indonesia, Thailand
📊 10 Dec: The Basics of Investing
💰 11 Dec: Investing for Retirement - Growing Your Retirement Funds with CPFIS and SRS
📖 12 Dec: The Basics of Trading
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
💎 3 Dec: Discovering the hidden gems of Emerging Asia - India, Malaysia, Indonesia, Thailand
📊 10 Dec: The Basics of Investing
💰 11 Dec: Investing for Retirement - Growing Your Retirement Funds with CPFIS and SRS
📖 12 Dec: The Basics of Trading
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
BYD_Global_EV_Leader_11_Nov_2024_e84041cfe0-1732760716.pdf
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🌱 [Partner’s Post] BYD Overtakes Tesla: What to Know About China’s Leading EV Maker
BYD is the world’s 2nd largest EV manufacturer in 2023 and holds dominant 35% share of China’s EV market.
🥇 BYD surpasses Tesla in sales
- Jan-Sep24: BYD sold 2.7M EVs, double of Telsa, the current EV leader.
- Overseas revenue growing at 90% annually
🔋 Government support accelerates EV adoption
- Beneficiary of increased EV subsidies
- Oct24 EV sales up 56% YoY
💰 Profit growth tempered by competitive pricing despite strong sales growth
- In 1H2024, YoY EV sales volume +28% while net profit +23% and revenue +16%.
- Due to lower average selling price from competitive pricing strategies
💲 Attractive valuation amongst peers
- Trades at a low price-to-sales ratio of 1.2x compared to peers
- One of the few profitable EV manufacturers
🔎 Visit bit.ly/42gOfby for more reports on the underlying HK securities of SDRs.
BYD is the world’s 2nd largest EV manufacturer in 2023 and holds dominant 35% share of China’s EV market.
🥇 BYD surpasses Tesla in sales
- Jan-Sep24: BYD sold 2.7M EVs, double of Telsa, the current EV leader.
- Overseas revenue growing at 90% annually
🔋 Government support accelerates EV adoption
- Beneficiary of increased EV subsidies
- Oct24 EV sales up 56% YoY
💰 Profit growth tempered by competitive pricing despite strong sales growth
- In 1H2024, YoY EV sales volume +28% while net profit +23% and revenue +16%.
- Due to lower average selling price from competitive pricing strategies
💲 Attractive valuation amongst peers
- Trades at a low price-to-sales ratio of 1.2x compared to peers
- One of the few profitable EV manufacturers
🔎 Visit bit.ly/42gOfby for more reports on the underlying HK securities of SDRs.
💶 [Partner’s Post] Navigating Opportunities in European S-REITs
Did you know that Singapore-listed REITs have substantial overseas exposure, with over 90% of their assets held abroad? Among them, three European S-REITs provide exposure to various sectors of the economy, offering investors a chance to diversify their portfolios.
Discover more about these European S-REITs in an insightful article by Beansprout. Learn how interest rate cuts by European central banks could impact these REITs and why this might be a great investment opportunity for you here: bit.ly/3CXv3sh
Did you know that Singapore-listed REITs have substantial overseas exposure, with over 90% of their assets held abroad? Among them, three European S-REITs provide exposure to various sectors of the economy, offering investors a chance to diversify their portfolios.
Discover more about these European S-REITs in an insightful article by Beansprout. Learn how interest rate cuts by European central banks could impact these REITs and why this might be a great investment opportunity for you here: bit.ly/3CXv3sh
Companies in the Spotlight
🏨 APAC Realty | kopi-C | 'The property industry still needs agents' bit.ly/4eTvRMn
🛢️Oiltek International | 10 in 10 | Sustainable Solutions in the Global Vegetable Oils Industry bit.ly/3OuVcBe
🏬 Sasseur REIT | 3 Dec | SIAS Corporate Connect Webinar bit.ly/45gzCIl
🏨 APAC Realty | kopi-C | 'The property industry still needs agents' bit.ly/4eTvRMn
🛢️Oiltek International | 10 in 10 | Sustainable Solutions in the Global Vegetable Oils Industry bit.ly/3OuVcBe
🏬 Sasseur REIT | 3 Dec | SIAS Corporate Connect Webinar bit.ly/45gzCIl
[Partner's Post] Is ESG investing a genuine force for positive change or just another overhyped trend? 🌱💼
In this episode of FOMO Fix by PYTCH Media, Timothy Tan, Associate Director of Sustainable Finance at SGX Group, joins Hazelle from The Joyful Investors to demystify ESG investing. They delve into the common myths and misconceptions surrounding ESG, and share practical tips and strategies for building a sustainable investment portfolio.
▶️ Curious to learn more? Visit bit.ly/3Osr4H1 or search PYTCH Media FOMO Fix on YouTube to watch the full episode.
In this episode of FOMO Fix by PYTCH Media, Timothy Tan, Associate Director of Sustainable Finance at SGX Group, joins Hazelle from The Joyful Investors to demystify ESG investing. They delve into the common myths and misconceptions surrounding ESG, and share practical tips and strategies for building a sustainable investment portfolio.
▶️ Curious to learn more? Visit bit.ly/3Osr4H1 or search PYTCH Media FOMO Fix on YouTube to watch the full episode.
🇪🇺 REIT Watch - European-focused S-REITs broaden their mandate, confident that continent has moved beyond the market trough
Market conditions in the European property sector are showing signs of improvement, which is expected to positively impact S-REITs with exposure to this segment. Global investment firm KKR noted that recovery for the European real estate market has started, after the market experienced one of the largest repricings over the past two years. This was driven by rising interest rates and inflation - similar but unlike the global financial crisis where the repricing was driven by an economic downturn.
▶️ Find out more about the three European-focused S-REITs at bit.ly/4icJNnr or BT's REIT Watch page.
Market conditions in the European property sector are showing signs of improvement, which is expected to positively impact S-REITs with exposure to this segment. Global investment firm KKR noted that recovery for the European real estate market has started, after the market experienced one of the largest repricings over the past two years. This was driven by rising interest rates and inflation - similar but unlike the global financial crisis where the repricing was driven by an economic downturn.
▶️ Find out more about the three European-focused S-REITs at bit.ly/4icJNnr or BT's REIT Watch page.
📈 Singapore's Most Traded Stocks Average Double-Digit Returns in 2H24
Comparatively broader gains across local Manufacturing stocks, REITs, in addition to adjacent ASEAN stocks, has seen the STI extend its 5.7% total return in 1H24 by 15.4% in the first five months of 2H24, bringing the 11-month total return to 21.9%. This has also coincided with stronger economic momentum in both Singapore and the ASEAN region.
▶️ Find out which stocks among Singapore's most traded 100 stocks in 2024 experienced the largest percentage turnaround from net institutional outflow in 1H24 to inflow in 2H24: bit.ly/4ggsG2s
Comparatively broader gains across local Manufacturing stocks, REITs, in addition to adjacent ASEAN stocks, has seen the STI extend its 5.7% total return in 1H24 by 15.4% in the first five months of 2H24, bringing the 11-month total return to 21.9%. This has also coincided with stronger economic momentum in both Singapore and the ASEAN region.
▶️ Find out which stocks among Singapore's most traded 100 stocks in 2024 experienced the largest percentage turnaround from net institutional outflow in 1H24 to inflow in 2H24: bit.ly/4ggsG2s
🏗️ Stock of the Week: ISDN (SGX: I07)
- ISDN's core business focuses on three main areas: Industrial Automation Solutions, Manufacturing Capabilities, and Clean Energy Solutions. The Company is now investing in mini-hydropower plants and offering engineering solutions for renewable energy projects.
- ISDN achieved a 2.4% YoY increase in revenue, reaching S$175m in 1HFY24, driven by higher contributions from the PRC market and the full-scale revenue streams from the three mini-hydropower plants.
- By segment, engineering solutions contributed 75% of the company's 1HFY24 revenue, with other specialised engineering solutions making up 20% and remaining segments contributing 5%. By geography, 73% of ISDN's revenue is derived from China, with Singapore at 9% and other markets contributing 18%.
*All data as of 22 Nov 2024
➡️ View ISDN's Company Spotlight factsheet here: bit.ly/3OAHddh
- ISDN's core business focuses on three main areas: Industrial Automation Solutions, Manufacturing Capabilities, and Clean Energy Solutions. The Company is now investing in mini-hydropower plants and offering engineering solutions for renewable energy projects.
- ISDN achieved a 2.4% YoY increase in revenue, reaching S$175m in 1HFY24, driven by higher contributions from the PRC market and the full-scale revenue streams from the three mini-hydropower plants.
- By segment, engineering solutions contributed 75% of the company's 1HFY24 revenue, with other specialised engineering solutions making up 20% and remaining segments contributing 5%. By geography, 73% of ISDN's revenue is derived from China, with Singapore at 9% and other markets contributing 18%.
*All data as of 22 Nov 2024
➡️ View ISDN's Company Spotlight factsheet here: bit.ly/3OAHddh
📈 Interested in the top 5 performing ETFs YTD? Here are the highlights:
• CSOP iEdge Southeast Asia+ TECH ETF: Thrived due to strong performance in Southeast Asia’s tech sector, driven by increased digital adoption and innovation.
• SPDR® Gold Shares: Excelled as a safe haven amid economic uncertainties and geopolitical tensions, effectively hedging against inflation.
• SPDRs® S&P 500® ETF: Benefited from US exceptionalism and a favorable rate-easing environment, providing strong support for large-cap companies.
➡️ For latest ETF updates and highlights, visit bit.ly/3UG2l6f
• CSOP iEdge Southeast Asia+ TECH ETF: Thrived due to strong performance in Southeast Asia’s tech sector, driven by increased digital adoption and innovation.
• SPDR® Gold Shares: Excelled as a safe haven amid economic uncertainties and geopolitical tensions, effectively hedging against inflation.
• SPDRs® S&P 500® ETF: Benefited from US exceptionalism and a favorable rate-easing environment, providing strong support for large-cap companies.
➡️ For latest ETF updates and highlights, visit bit.ly/3UG2l6f
🇸🇬 Diversified Property Sub-segments in Singapore's REIT Market
The REIT sector offers diverse exposure to various segments of the economy, making it a powerful diversification tool. From specialised REITs focusing on Data Centres to traditional properties such as retail malls, REITs cover a broad spectrum of real estate assets.
This diversity allows investors to spread risk across different property types and economic sectors, enhancing the stability and resilience of their investment portfolios. By including REITs in your portfolio, you can benefit from steady income streams and potential capital appreciation, while also gaining access to niche markets that might otherwise be difficult to invest in directly.
➡️ Find out the latest developments and how you can gain exposure to the REIT market here: bit.ly/3NW7zpO
The REIT sector offers diverse exposure to various segments of the economy, making it a powerful diversification tool. From specialised REITs focusing on Data Centres to traditional properties such as retail malls, REITs cover a broad spectrum of real estate assets.
This diversity allows investors to spread risk across different property types and economic sectors, enhancing the stability and resilience of their investment portfolios. By including REITs in your portfolio, you can benefit from steady income streams and potential capital appreciation, while also gaining access to niche markets that might otherwise be difficult to invest in directly.
➡️ Find out the latest developments and how you can gain exposure to the REIT market here: bit.ly/3NW7zpO
💰 Investing for Retirement - Growing Your Retirement Funds with CPFIS and SRS
Are you ready to take control of your retirement savings? Join us for a webinar designed to help you maximise your CPF and SRS funds through strategic investments in ETFs.
The session will offer insights into the CPF Investment Scheme (CPFIS) and the Supplementary Retirement Scheme (SRS), and learn how they can work in growing your retirement nest egg while investing in different types of ETFs.
➡️ Register for the online webinar here: bit.ly/3ZzPJ2y and find out more about SRS here: bit.ly/4hN6IFS
Are you ready to take control of your retirement savings? Join us for a webinar designed to help you maximise your CPF and SRS funds through strategic investments in ETFs.
The session will offer insights into the CPF Investment Scheme (CPFIS) and the Supplementary Retirement Scheme (SRS), and learn how they can work in growing your retirement nest egg while investing in different types of ETFs.
➡️ Register for the online webinar here: bit.ly/3ZzPJ2y and find out more about SRS here: bit.ly/4hN6IFS
DBS - 3 Dec 2024-1733381521.pdf
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📈 [Partner's Post] DBS Breaks Key Resistance: What’s Next for Singapore’s Largest Bank? (by Joey Choy)
DBS Group Holdings, Southeast Asia’s largest bank, has broken through the critical S$43 resistance level, showcasing robust strength and renewed momentum. With its current price at S$43.43, the next resistance target at S$46 is within sight. Could there be further upside potential?
Explore Joey Choy’s (SGX Academy Trainer) article for detailed insights on key support, resistance and entry levels for DBS stock. Learn how to leverage on this trend using Structured Warrants (SWs).
➡️ To learn more about SWs listed on SGX, visit bit.ly/3ZCLJ1p
DBS Group Holdings, Southeast Asia’s largest bank, has broken through the critical S$43 resistance level, showcasing robust strength and renewed momentum. With its current price at S$43.43, the next resistance target at S$46 is within sight. Could there be further upside potential?
Explore Joey Choy’s (SGX Academy Trainer) article for detailed insights on key support, resistance and entry levels for DBS stock. Learn how to leverage on this trend using Structured Warrants (SWs).
➡️ To learn more about SWs listed on SGX, visit bit.ly/3ZCLJ1p
Companies in the Spotlight
🤖 Micro-Mechanics | Kopi-C | Micro-Mechanics' CEO: 'We're creating five-star factories across the region' bit.ly/3OFpPEh
🏥 ISEC Healthcare | 10 Dec 24 | SIAS Corporate Connect Webinar bit.ly/45gzCIl
🏨 United Hampshire US REIT | 7 Jan 25 | SGX x REITAS Webinar bit.ly/4f04r7r
🤖 Micro-Mechanics | Kopi-C | Micro-Mechanics' CEO: 'We're creating five-star factories across the region' bit.ly/3OFpPEh
🏥 ISEC Healthcare | 10 Dec 24 | SIAS Corporate Connect Webinar bit.ly/45gzCIl
🏨 United Hampshire US REIT | 7 Jan 25 | SGX x REITAS Webinar bit.ly/4f04r7r
💡 Analyst Spotlight for 6 December 2024
🏡 The Straits Trading Company (S20): An Undervalued Real Estate Stock with Multitude of Opportunities
- Expect STC to continue delivering an attractive dividend yield of around 5-6% in the coming years driven by its solid cashflow generation.
Full report here: bit.ly/41ncUyA
🖥️ Nanofilm Technologies International (MZH): A thawing winter
- Differentiated solutions, a large total market potential, and favourable secular trends support Nanofilm's long-term growth outlook, notwithstanding near-term uncertainties.
Full report here: bit.ly/4gcQXGy
🏨 Centurion Corporation (OUB): Promising Growth Ahead
- Strong occupancy and rental revisions across all segments are expected to continue. Expect rental rates to rise by an average c.15% YoY in FY24e.
Full report here: bit.ly/4ir0cF5
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7
🏡 The Straits Trading Company (S20): An Undervalued Real Estate Stock with Multitude of Opportunities
- Expect STC to continue delivering an attractive dividend yield of around 5-6% in the coming years driven by its solid cashflow generation.
Full report here: bit.ly/41ncUyA
🖥️ Nanofilm Technologies International (MZH): A thawing winter
- Differentiated solutions, a large total market potential, and favourable secular trends support Nanofilm's long-term growth outlook, notwithstanding near-term uncertainties.
Full report here: bit.ly/4gcQXGy
🏨 Centurion Corporation (OUB): Promising Growth Ahead
- Strong occupancy and rental revisions across all segments are expected to continue. Expect rental rates to rise by an average c.15% YoY in FY24e.
Full report here: bit.ly/4ir0cF5
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7