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Straits Times Index
Broker's Calls
Consider bargain hunting at 3115 - 3155 points following 2Q correction, says DBS
STI's forward PE for the coming year has dropped 'well below' 10.8x, which is 2 sd below the average.
August 25, 2023
Right Timing
Singapore and Hong Kong markets under pressure as US risk-free hits 16 year high
Global and Asian markets may remain under pressure as US risk-free rate hits 16 year high
August 18, 2023
Right Timing
As market awaits Fed minutes, no Goldilocks scenario
The Fed is likely to dictate direction as US inflation figures were underwhelming
August 11, 2023
Right Timing
Support for the Straits Times Index is at 3,230 as banks turn into dividend plays
As the Straits Times Index declines towards 3,230, banks turn into dividend plays
August 04, 2023
Right Timing
Support for STI appears at 3,230, banks turn into dividend plays
Support for the STI's decline is at 3,230. Among the banks, UOB has approached the mean of its price to book ratio
August 04, 2023
Right Timing
As risk-free rates rebound, the market’s rally could slow
US risk-free rates rebounded off a support area, pressurising equity markets
July 21, 2023
Right Timing
The rally’s legs depend on US risk free rates as STI approaches resistance
The STI's resistance appears at 3,260 and the rally could stall as it moves further
July 14, 2023
Right Timing
Candlestick gives hope but any reprieve is temporary
Selling pressure may persist despite a candlestick suggesting a bounce, as risk-free rates rebound pointing to no summer rally
July 07, 2023
Right Timing
Selling pressure has not abated for Straits Times Index
Selling pressure builds up for STI as US risk-free rates rise to four month high
June 30, 2023
Right Timing
Straits Times Index retreats, but downside is likely limited
Straits Times Index retreats but its downside is limited; DBS is building a base
June 23, 2023