SGX Research - SREITs & Property Trusts Chartbook – 3Q 2024
📊 Retail investors net sold S$129.1m of S-REITs in 3Q 2024. Among the various sub-segments, Hospitality, Office and Industrial REITs averaged higher distribution yields.
➡️ To view the full S-REITs & Property Trusts Chartbook, visit: bit.ly/3UdaXA3
📊 Retail investors net sold S$129.1m of S-REITs in 3Q 2024. Among the various sub-segments, Hospitality, Office and Industrial REITs averaged higher distribution yields.
➡️ To view the full S-REITs & Property Trusts Chartbook, visit: bit.ly/3UdaXA3
🇹🇭 [Partner’s Post] Hidden Thai Titans: Top 3 Stocks to Watch on SGX Right Now (SDRs)
⚡ Gulf Energy (TGED) broke key resistance THB 60 (S$2.40) with both short and long-term uptrend intact. Support level formed at THB 65 (S$2.60) where bargain hunting appeared. Potential entry on dips at support to ride reversal to THB 70 (S$2.80).
📱 Advanced Info Service (TADD) broke key resistance THB 270 (S$1.08), which turned to support. Potential entry on dips at support for rebound to resistance THB 300 (S$1.20). (SDR ratio – 10:1)
🔌 Delta Electronics (TDED) holds steady above key resistance turned support of THB 120 (S$4.80). Potential entry near support to ride uptrend to target THB 140 (S$5.60).
🔎 Search Joey Choy SDR on Youtube to watch the latest video on “Hidden Thai Titans: The 3 Must-Buy Stocks on SGX Right Now (SDRs)”
⚡ Gulf Energy (TGED) broke key resistance THB 60 (S$2.40) with both short and long-term uptrend intact. Support level formed at THB 65 (S$2.60) where bargain hunting appeared. Potential entry on dips at support to ride reversal to THB 70 (S$2.80).
📱 Advanced Info Service (TADD) broke key resistance THB 270 (S$1.08), which turned to support. Potential entry on dips at support for rebound to resistance THB 300 (S$1.20). (SDR ratio – 10:1)
🔌 Delta Electronics (TDED) holds steady above key resistance turned support of THB 120 (S$4.80). Potential entry near support to ride uptrend to target THB 140 (S$5.60).
🔎 Search Joey Choy SDR on Youtube to watch the latest video on “Hidden Thai Titans: The 3 Must-Buy Stocks on SGX Right Now (SDRs)”
Companies in the Spotlight
🏬 City Developments Limited | ESG Brew | 'To win the global race to zero, we need to green the built environment' bit.ly/3yNATuD
🏨 OUE REIT | 29 Oct | SIAS Corporate Connect bit.ly/45gzCIl
🚚 Daiwa House Logistics Trust | 12 Nov | SGX x REITAS Webinar: Asia-focused logistics REIT backed by committed Sponsor bit.ly/3BVpkTy
🏬 City Developments Limited | ESG Brew | 'To win the global race to zero, we need to green the built environment' bit.ly/3yNATuD
🏨 OUE REIT | 29 Oct | SIAS Corporate Connect bit.ly/45gzCIl
🚚 Daiwa House Logistics Trust | 12 Nov | SGX x REITAS Webinar: Asia-focused logistics REIT backed by committed Sponsor bit.ly/3BVpkTy
🧠 [Partner's Post] How to trade US semiconductor stocks using SGX-listed DLCs
🔌 Semi-conductor ETFs have witnessed a significant drop of about 5% and are currently displaying a rising wedge pattern.
🚨 With Nvidia approaching its previous all-time high amidst a broader decline in semiconductor stocks, the market is sending mixed signals. Will we continue to see fresh historical highs?
🔎 Search Binni Ong Nvidia all time high on YouTube to watch the latest video on “Nvidia At All-Time High: What’s the Best Move Now?” and find out how DLCs may be used to capture these opportunities.
🔌 Semi-conductor ETFs have witnessed a significant drop of about 5% and are currently displaying a rising wedge pattern.
🚨 With Nvidia approaching its previous all-time high amidst a broader decline in semiconductor stocks, the market is sending mixed signals. Will we continue to see fresh historical highs?
🔎 Search Binni Ong Nvidia all time high on YouTube to watch the latest video on “Nvidia At All-Time High: What’s the Best Move Now?” and find out how DLCs may be used to capture these opportunities.
💡 Analyst Spotlight for 24 October 2024
🚢 Pacific Radiance (RXS): The Revival
- The offshore support vessel industry is enjoying a resurgence in charter rates from rising demand as global offshore capex recovers.
Full report here: bit.ly/3Un1tCq
🚚 Singapore Post (S08): Value unlocking in progress
- With the recent acquisition of Border Express, SingPost has propelled its Australian operations into the top five logistics providers in the country by revenue within the FMH Group.
Full report here: bit.ly/4eVxslF
🖥️ Micro-Mechanics (5DD): Initiation Report
- Revenue fell by 13.6% from S$67.0m in FY2023 to S$57.9m in FY2024 as semiconductor chips volume remained weak despite rising industry revenue.
Full report here: bit.ly/4fbpp3C
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7
🚢 Pacific Radiance (RXS): The Revival
- The offshore support vessel industry is enjoying a resurgence in charter rates from rising demand as global offshore capex recovers.
Full report here: bit.ly/3Un1tCq
🚚 Singapore Post (S08): Value unlocking in progress
- With the recent acquisition of Border Express, SingPost has propelled its Australian operations into the top five logistics providers in the country by revenue within the FMH Group.
Full report here: bit.ly/4eVxslF
🖥️ Micro-Mechanics (5DD): Initiation Report
- Revenue fell by 13.6% from S$67.0m in FY2023 to S$57.9m in FY2024 as semiconductor chips volume remained weak despite rising industry revenue.
Full report here: bit.ly/4fbpp3C
Visit Analyst Research page for more broker research reports: bit.ly/3LOsCd7
🧐 Ever wondered about these questions and how to get started as a Budding Investor?
Before you take action, it is important for you to understand your financial goals, investment period and risk tolerance - these will determine your investment strategies.
At SGX, we offer a wide range of investment products and you are likely to find one that suits your needs. (Hint: The few common investment products preferred by investors are pictured in the visual above!)
Let us take you through key steps you need to know before embarking on your investing journey in this infographic here: bit.ly/3BWaM66
#SGXFinLit #Investing
Before you take action, it is important for you to understand your financial goals, investment period and risk tolerance - these will determine your investment strategies.
At SGX, we offer a wide range of investment products and you are likely to find one that suits your needs. (Hint: The few common investment products preferred by investors are pictured in the visual above!)
Let us take you through key steps you need to know before embarking on your investing journey in this infographic here: bit.ly/3BWaM66
#SGXFinLit #Investing
📣 Earnings Calendar - 28 October 2024 to 1 November 2024
11 SGX-listed companies will be announcing their financial results and business updates this week, including 2 STI constituents.
🔖 Bookmark our Economic Calendar bit.ly/3SgWRgg for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!
#SGXSecurities #STI #CorporateEarnings
11 SGX-listed companies will be announcing their financial results and business updates this week, including 2 STI constituents.
🔖 Bookmark our Economic Calendar bit.ly/3SgWRgg for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!
#SGXSecurities #STI #CorporateEarnings
📈 Delta Electronics' Rise in the iEdge SG Advanced Manufacturing Index
Despite challenges of the past 5 years and the significant impact of the FTSE ST Banks Index's 93% total return on the STI's 42% total return, the iEdge SG Advanced Manufacturing Index has achieved a similar 5-year total return of 39%.
Delta SDR now makes up 11% of the iEdge SG Manufacturing Index, with Delta Electronics reporting record net profit in 2QFY24, driven by growth in power electronics for AI, data centers, and EV solutions.
▶️ Find out more here: bit.ly/4ffIr93
Despite challenges of the past 5 years and the significant impact of the FTSE ST Banks Index's 93% total return on the STI's 42% total return, the iEdge SG Advanced Manufacturing Index has achieved a similar 5-year total return of 39%.
Delta SDR now makes up 11% of the iEdge SG Manufacturing Index, with Delta Electronics reporting record net profit in 2QFY24, driven by growth in power electronics for AI, data centers, and EV solutions.
▶️ Find out more here: bit.ly/4ffIr93
ETF market highlights 3Q2024_Oct24 (1)-1730169785.pdf
1.7 MB
📈 Amidst pre-election jitters, China stimulus measures, and Fed rate cuts, stay updated on the latest SGX ETF developments!
- SPDR Gold Shares (ticker GSD) saw four consecutive months of net inflows totalling S$146M, with AUM surpassing S$1.6 billion. Driven by ongoing geopolitical tensions and lower real yields, GSD has posted 1-year returns of 32% as of Sep-24.
- REIT ETFs which offer an average yield of 5% has reached a historic S$1 billion milestone as investors pivoted towards higher yielding assets following recent Fed rate cuts.
- Lion-OCBC Securities Hang Seng Tech ETF (ticker: HST) gained the most among China focused ETFs in Q3 2024, with 26.16% in quarterly return following PBOC announcements on latest stimulus measures.
- SPDR Gold Shares (ticker GSD) saw four consecutive months of net inflows totalling S$146M, with AUM surpassing S$1.6 billion. Driven by ongoing geopolitical tensions and lower real yields, GSD has posted 1-year returns of 32% as of Sep-24.
- REIT ETFs which offer an average yield of 5% has reached a historic S$1 billion milestone as investors pivoted towards higher yielding assets following recent Fed rate cuts.
- Lion-OCBC Securities Hang Seng Tech ETF (ticker: HST) gained the most among China focused ETFs in Q3 2024, with 26.16% in quarterly return following PBOC announcements on latest stimulus measures.
📈 [Partner’s Post] How to use US Magnificent 7 stock DLCs on SGX to boost your trading strategies (by Gerald Wong)
🚗 Tesla’s stellar 3Q earnings beat last week drove its 3x long DLC to a +65% w-o-w return for the week ending 25 Oct.
US Stock DLC turnover hit ~S$2M in the first 3 weeks of trading, with Tesla in the lead.
💸 This week, the rest of the Magnificent 7 stocks (excluding Nvidia) will release their earnings. Use long or short DLCs on SGX to capture opportunities!
- 29 Oct – Alphabet
- 30 Oct – Meta, Microsoft
- 31 Oct – Apple, Amazon
🔍 Why Trade US DLCs?
- Express bullish or bearish views via long or short DLCs
- Trade on after-hours earnings releases ahead of US market open
- Gain 3x leveraged exposure on US stocks
Read Gerald Wong’s article at bit.ly/4hr2nI0 to see how recent market events show the use of US DLCs in intraday or swing trading strategies.
➡️ To learn more about US DLCs on SGX, visit sgx.com/campaign/dlc for more details
🚗 Tesla’s stellar 3Q earnings beat last week drove its 3x long DLC to a +65% w-o-w return for the week ending 25 Oct.
US Stock DLC turnover hit ~S$2M in the first 3 weeks of trading, with Tesla in the lead.
💸 This week, the rest of the Magnificent 7 stocks (excluding Nvidia) will release their earnings. Use long or short DLCs on SGX to capture opportunities!
- 29 Oct – Alphabet
- 30 Oct – Meta, Microsoft
- 31 Oct – Apple, Amazon
🔍 Why Trade US DLCs?
- Express bullish or bearish views via long or short DLCs
- Trade on after-hours earnings releases ahead of US market open
- Gain 3x leveraged exposure on US stocks
Read Gerald Wong’s article at bit.ly/4hr2nI0 to see how recent market events show the use of US DLCs in intraday or swing trading strategies.
➡️ To learn more about US DLCs on SGX, visit sgx.com/campaign/dlc for more details
🍗 Stock of the Week: Japfa (SGX: UD2)
On 28 Oct, Japfa reported financial results for 9MFY24, with revenue up 3.7% to over US$3.4B, operating profit nearly tripling to US$293M and EBITDA growing over 90% to US$375M, driven by improved margins and lower costs in key markets.
The results sent Japfa shares up 9.7% the following day. The agri-food company usually ranks among the top 100 traded; this year it also ranks among the top 40 by net institutional fund flow. Before Tuesday’s gain, Japfa deliver a 47% total return, over the past five years, paralleling the Bloomberg Agriculture Sub-Index at 40%.
With higher sales volumes and lower costs, Japfa's 9MFY24 results set a solid foundation for year-end. Japfa also declared a one-off interim dividend of 1.0 SGD cent per share, attributed to their robust performance and stronger balance sheet.
*All data as of 29 Oct 2024
➡️ For more information on Japfa, visit bit.ly/4f3cyB4
On 28 Oct, Japfa reported financial results for 9MFY24, with revenue up 3.7% to over US$3.4B, operating profit nearly tripling to US$293M and EBITDA growing over 90% to US$375M, driven by improved margins and lower costs in key markets.
The results sent Japfa shares up 9.7% the following day. The agri-food company usually ranks among the top 100 traded; this year it also ranks among the top 40 by net institutional fund flow. Before Tuesday’s gain, Japfa deliver a 47% total return, over the past five years, paralleling the Bloomberg Agriculture Sub-Index at 40%.
With higher sales volumes and lower costs, Japfa's 9MFY24 results set a solid foundation for year-end. Japfa also declared a one-off interim dividend of 1.0 SGD cent per share, attributed to their robust performance and stronger balance sheet.
*All data as of 29 Oct 2024
➡️ For more information on Japfa, visit bit.ly/4f3cyB4
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🇭🇰 New Flexible and Convenient Access to Hong Kong Stocks
Tencent, Alibaba, Bank of China, HSBC, and BYD - are now tradable on SGX via HK SDRs, providing thematic exposures to evolving global trends in AI transformation, EV transition and financials. Key benefits of HK SDRs:
1. Bite-sized investment sums – for example, investing in BYD would only require minimum sum of S$460 via SDR compared to S$23,000 via HK shares.
2. Pre and post market access – manage positions ahead and after HK market hours during the 9-930am and 4-5pm windows.
3. Trade in Singapore dollars on SGX – SDR are available on SGX via local brokers and are custodised with CDP with dividends paid in Singapore dollars.
▶️ Learn how you can explore offshore markets like Hong Kong with HK SDRs here: bit.ly/4e5qnxG
Tencent, Alibaba, Bank of China, HSBC, and BYD - are now tradable on SGX via HK SDRs, providing thematic exposures to evolving global trends in AI transformation, EV transition and financials. Key benefits of HK SDRs:
1. Bite-sized investment sums – for example, investing in BYD would only require minimum sum of S$460 via SDR compared to S$23,000 via HK shares.
2. Pre and post market access – manage positions ahead and after HK market hours during the 9-930am and 4-5pm windows.
3. Trade in Singapore dollars on SGX – SDR are available on SGX via local brokers and are custodised with CDP with dividends paid in Singapore dollars.
▶️ Learn how you can explore offshore markets like Hong Kong with HK SDRs here: bit.ly/4e5qnxG
Companies in the Spotlight
🍃 Combine Will International Holdings | 10 in 10 | Multinational Manufacturer focused on Sustainability bit.ly/3Uw0hNp
🛠️ Soilbuild Construction | kopi-C | 'Catalysing Growth as a Green Builder' bit.ly/3YBbHke
🏥 First REIT | 5 Nov | SIAS Corporate Connect Webinar bit.ly/45gzCIl
🍃 Combine Will International Holdings | 10 in 10 | Multinational Manufacturer focused on Sustainability bit.ly/3Uw0hNp
🛠️ Soilbuild Construction | kopi-C | 'Catalysing Growth as a Green Builder' bit.ly/3YBbHke
🏥 First REIT | 5 Nov | SIAS Corporate Connect Webinar bit.ly/45gzCIl
SGX Academy Events Coming Up
🦸♀️ 6 Nov: Financial Empowerment for Women - Mastering the Basics of Investing and ETFs
📊 11 Nov: Make Trading Your Source of Income
🇭🇰 12 Nov: Unlock the Potential of China Tech Stocks with HK SDRs
🍃 14 Nov: Introduction to Sustainable Investing - Discover the Future of Finance
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
🦸♀️ 6 Nov: Financial Empowerment for Women - Mastering the Basics of Investing and ETFs
📊 11 Nov: Make Trading Your Source of Income
🇭🇰 12 Nov: Unlock the Potential of China Tech Stocks with HK SDRs
🍃 14 Nov: Introduction to Sustainable Investing - Discover the Future of Finance
Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.
📣 Earnings Calendar - 4 November 2024 to 8 November 2024
20 SGX-listed companies, including 8 STI constituents, will be announcing their financial results and business updates this week.
🔖 Bookmark our Economic Calendar bit.ly/3SgWRgg for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!
#SGXSecurities #STI #CorporateEarnings
20 SGX-listed companies, including 8 STI constituents, will be announcing their financial results and business updates this week.
🔖 Bookmark our Economic Calendar bit.ly/3SgWRgg for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!
#SGXSecurities #STI #CorporateEarnings
🚙 Tesla DLCs topped the Magnificent 7 DLCs with the highest turnover of S$1.3M since launch.
🅰️ Alphabet 3x Long DLC: This DLC was among the top gainers for the week ending 1 Nov, with a +11% price return, driven by remarkable Q3 earnings and strong cloud growth.
Other notable gainers last week include:
• Microsoft 3x Short DLC: Despite beating Q3 earnings estimates, it gained +12% due to weak guidance.
• Nvidia 3x Short DLC: Also saw a +12% gain.
🦅 With the looming US elections, trade ahead of market news and drivers with US DLCs that allow trading in Asian time zones.
🔍 Why Trade US DLCs?
• Express bullish or bearish views via long or short DLCs.
• Trade on after-hours earnings releases ahead of the US market open.
• Gain 3x leveraged exposure on US stocks
➡️ To learn more about US DLCs on SGX, visit bit.ly/3NkLQro for more details.
🅰️ Alphabet 3x Long DLC: This DLC was among the top gainers for the week ending 1 Nov, with a +11% price return, driven by remarkable Q3 earnings and strong cloud growth.
Other notable gainers last week include:
• Microsoft 3x Short DLC: Despite beating Q3 earnings estimates, it gained +12% due to weak guidance.
• Nvidia 3x Short DLC: Also saw a +12% gain.
🦅 With the looming US elections, trade ahead of market news and drivers with US DLCs that allow trading in Asian time zones.
🔍 Why Trade US DLCs?
• Express bullish or bearish views via long or short DLCs.
• Trade on after-hours earnings releases ahead of the US market open.
• Gain 3x leveraged exposure on US stocks
➡️ To learn more about US DLCs on SGX, visit bit.ly/3NkLQro for more details.
🏬 REIT Watch - Hospitality S-REITs' RevPAR mostly resilient as tourism activity normalises
S-REITs with hospitality assets have reported mostly stable operating performance in the third quarter even as tourism activity normalises following the post-pandemic travel boom. Business updates released show that revenue per available room (RevPAR) for most trusts remained relatively resilient, despite a high base from the strong growth seen in the same period a year earlier.
▶️ Find out more on recent updates of hospitality S-REITs at bit.ly/4fvN2nJ or BT's REIT Watch page.
S-REITs with hospitality assets have reported mostly stable operating performance in the third quarter even as tourism activity normalises following the post-pandemic travel boom. Business updates released show that revenue per available room (RevPAR) for most trusts remained relatively resilient, despite a high base from the strong growth seen in the same period a year earlier.
▶️ Find out more on recent updates of hospitality S-REITs at bit.ly/4fvN2nJ or BT's REIT Watch page.
🏢 Stock of The Week: Hongkong Land (SGX: H78)
- HKL led the STI last week, up 14% after announcing a strategic transformation to lead in Asia's gateway cities by focusing on ultra-premium integrated commercial properties.
- The company will shift from build-to-sell to investment properties, aiming to double profits and dividends, grow assets to US$100b, and recycle up to US$10b by 2035. This includes selectively recycling assets into REITs and other third-party capital vehicles.
- Prior to the release, the P/B of the stock was around its 5-year average of 0.29x and has moved to 0.32x as of Nov 1 close. Institutions also net bought in the session following the strategic update, extending the YTD net inflow from S$18.9m to S$25.9m.
*All data as of 4 Nov 2024
➡️ For more information on Hongkong Land, visit bit.ly/3SGWnjx
- HKL led the STI last week, up 14% after announcing a strategic transformation to lead in Asia's gateway cities by focusing on ultra-premium integrated commercial properties.
- The company will shift from build-to-sell to investment properties, aiming to double profits and dividends, grow assets to US$100b, and recycle up to US$10b by 2035. This includes selectively recycling assets into REITs and other third-party capital vehicles.
- Prior to the release, the P/B of the stock was around its 5-year average of 0.29x and has moved to 0.32x as of Nov 1 close. Institutions also net bought in the session following the strategic update, extending the YTD net inflow from S$18.9m to S$25.9m.
*All data as of 4 Nov 2024
➡️ For more information on Hongkong Land, visit bit.ly/3SGWnjx
📈 HKL, SingPost & Wee Hur Led Net Institutional Inflow & Gainers in October
The STI traded within a narrow 90-point range in the month of Oct, generating a 0.7% decline and giving back one-sixth of the 4.2% total return generated in Sep. Industrials and Consumer Non-Cyclicals led the net institutional inflow, with both Sectors having the most representation among the 20 stocks that booked the most net institutional inflow for the month.
Among the 20 stocks, Hongkong Land, SingPost, Wee Hur, DFI Retail and SATS generated the strongest total returns on the month, averaging 15.4% total returns.
▶️ Find out more about the monthly moves and some of the recent announcements across the five stocks here: bit.ly/4ec6AMV
The STI traded within a narrow 90-point range in the month of Oct, generating a 0.7% decline and giving back one-sixth of the 4.2% total return generated in Sep. Industrials and Consumer Non-Cyclicals led the net institutional inflow, with both Sectors having the most representation among the 20 stocks that booked the most net institutional inflow for the month.
Among the 20 stocks, Hongkong Land, SingPost, Wee Hur, DFI Retail and SATS generated the strongest total returns on the month, averaging 15.4% total returns.
▶️ Find out more about the monthly moves and some of the recent announcements across the five stocks here: bit.ly/4ec6AMV