Straits Times Index (STI)

Golden Agri-Resources replaces Keppel REIT in STI reserve list - THE EDGE SINGAPORE

Company in the news

Golden Agri-Resources replaces Keppel REIT in STI reserve list

The changes from the latest review will take effect at the start of business on Dec 18.
Straits Times Index retreats from resistance, but declines may be mild  - THE EDGE SINGAPORE

Right Timing

Straits Times Index retreats from resistance, but declines may be mild

STI's retreat from resistance may be mild, support is initially at 3,150; spread between US bonds and earnings yield is negative
CDG, UMS, Digital Core REIT among DBS’s stock picks to ride out ‘sideways volatility’ - THE EDGE SINGAPORE

Broker's Calls

CDG, UMS, Digital Core REIT among DBS’s stock picks to ride out ‘sideways volatility’

The benchmark Straits Times Index (STI) is also likely to be rangebound within 3,150 – 3,270 points: DBS.

Company in the news

Keppel REIT replaces Olam Group in STI reserve list

The changes from the latest review will take effect at the start of business on Sept 18.
DBS lowers STI target to 3,450; looks towards turnaround in 2H2023 - THE EDGE SINGAPORE

Singapore economy

DBS lowers STI target to 3,450; looks towards turnaround in 2H2023

Analysts Yeo Kee Yan and Foo Fang Boon have turned “neutral” on Singapore from their earlier “positive” rating.

STI watch

Opportunities abound in Singapore market after STI correction in May: DBS

FEHT, CDLHT, LREIT, DFI Retail and CDL are the stocks to look at for bargains after their corrections.

Markets

SGX total securities market down by 26.8% y-o-y to $18.61 bil in April

April had a total of 19 trading days compared to the 23 trading days in March and 20 trading days in April 2022.

Broker's Calls

Seek shelter from 'higher-for-longer' rates in stocks with decent earnings or dividend cushions: DBS

DBS sees little near-term downside post correction in recent weeks.

STI watch

Singapore market to offer stability amidst global volatility in 2023: OCBC

Strategist Carmen Lee says that it would be prudent to be exposed to the unexciting but stable Singapore market.

Singapore economy

Can Singapore stay a safe haven this year?

With the Lunar New Year now approaching, analysts are busy forecasting what the rest of the year will be like for stocks.
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