Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

UOBKH: Singapore Monthly Review and Outlook

Posted on October 5, 2022October 5, 2022 By alanyeo No Comments on UOBKH: Singapore Monthly Review and Outlook

REVIEW: The FSSTI dropped 2.8% mom in Sep 22 to 3130.24. For the month, the index was brought down by losses in the technology (-10.2% mom) and aviation (-7.3% mom) sectors but lifted by a gain in the telecommunications (0.6% mom) sector.

Singapore’s manufacturing in the electronics segment continues to fall for the second straight month, with the Purchasing Managers’ Index (PMI) dropping 0.2pt from 49.6 in August to 49.4. This contraction is attributed to the drop in key indices of new orders, new exports, factory output and a fall in employment index for the first time in 22 months. Meanwhile, overall PMI slid 0.1pt to 49.9 in September after 26 months of continuous expansion. This is mainly due to inflationary pressures and qualitative tightening, as well as geopolitical uncertainties surrounding the Russo-Ukrainian war.

September numbers are consistent with August’s non-oil domestic exports (NODX) and industrial output (IP) data. PMI, albeit dampened by aggressive global monetary policy tightening amid persistent inflation, remains in expansion due to positive outlook in nonelectronic shipments.

STRATEGY: Some of our top large-cap picks are DBS, CapitaLand Invest, Genting SP, Sembcorp Industries, SIA Engineering, Lendlease REIT and Yangzijiang Shipbuilding. As for the small/mid-cap sector, our top picks are Civmec, Nanofilm and Raffles Medical.

Monthly_Review_and_OutlookClick here to Download Full Report in PDF

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Research - Equities Tags:Ascott Residence Trust, Capitaland Investment, civmec, ComfortDelGro, CSE Global, DBS Group Holdings, Genting SP, lendlease REIT, Nanofilm Technologies, Raffles Medical, Sembcorp Industries, SIA, SIA Engineering, Singapore Airlines, Singapore economics, Singapore Macro, Singapore Strategy, thaibev

Post navigation

Previous Post: UOBKH: Malaysia Banking (Overweight)
Next Post: Maybank: DBS Group – Buy Target Price $42.18

Related Posts

Maybank: Singapore Economics Research - Equities
CIMB: CSE Global – Hold Target Price $0.37 (Previous $0.45) Research - Equities
DBS: Singapore Airlines – Buy target Price $6.60 Research - Equities
DBS: ComfortDelGro Corporation Ltd – Buy Target Price $1.95 Research - Equities
Maybank: ComfortDelGro – Buy Target Price $1.60 (Previous $1.75) Research - Equities
UOBKH: Singapore Airlines – Hold Target Price $5.18 Research - Equities
CIMB: Singapore Airlines – Add Target Price $5.97 Research - Equities
DBS: Singapore Airlines – Buy Target Price $6.60 Research - Equities
UOBKH: CapitaLand Investment – Buy Target Price $4.13 Research - Equities
UOBKH: Banking – Singapore (Overweight) Research - Equities
CIMB: Capitaland Investment – Add Target Price $4.50 (Previous $4.59) Research - Equities
CIMB: Singapore Airlines – Add Target Price $5.97 (Previous $6.10) Research - Equities

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme