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🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 21, 2024)

Soilbuild Construction (SGX:S7P) experienced a significant surge in trading volume, up 538% above its 10-day average. This boost lifted its share price by 5.4%, following the announcement of two new contracts worth S$85.5 million, including one construction contract and one precast and prefabrication contract.

Geo Energy Resources (SGX:RE4) also saw heightened activity, with trading volume increasing 409% above its 10-day average. This helped its share price recover by 3.8%, after a decline since Nov 12, when the company reported a 39% YoY drop in Q3 2024 net profit. The decline was attributed to lower sales volume and average selling prices, as well as finance costs from the group’s US$220 million term loan facilities drawn down in Oct 2023.

Keppel Pacific Oak US REIT (SGX:CMOU) and Manulife US REIT (SGX:BTOU) continued their upward momentum, with share prices rising by 9.5% and 8.4%, respectively.

For the full SGX report, click here.

NVIDIA Q3 2025 Earnings Key Takeaways

NVIDIA reported record-breaking Q3 data center revenue of $30.8 billion (+112% YoY), driven by AI dominance with its Blackwell GPUs.

However, concerns about slowing revenue growth led to a post-earnings stock dip. Key risks for NVIDIA include its lofty valuation and global trade tensions, amidst consistent innovation and market leadership.

Discover more here!

Ever wondered what Singapore Depository Receipts (SDRs) are and how they can benefit your investment portfolio?

Learn how SDRs work, the key differences between holding SDRs and underlying securities, and explore the current SDR offerings on SGX.

Find out more!

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 20, 2024)

Keppel DC REIT (SGX:AJBU) saw its volume soar 502% above its 10-day average, with the share price up by 4.1% to S$2.28. KDCREIT proposed acquiring two data centres (KDC SGP 7 and KDC SGP 8) and a land plot for a new data centre (KDC SGP 9) for S$1.38 billion. This acquisition would increase KDCREIT’s exposure to Singapore to 65.5% of assets under management, making it one of the largest owners of stabilised data centres in the country. We have an ‘add’ rating with a target price of S$2.48.

US REITS listed in SGX saw substantial share price increases: Manulife US REIT (SGX:BTOU) up by 16.1%, Prime US REIT (SGX:OXMU) up by 13.3%, and Keppel Pacific Oak US REIT (SGX:CMOU) up by 6.8%. Analysts are positive on Prime US REIT due to favorable factors such as recent election result supporting US office market demand, a ‘flight to quality’ trend to high-quality office buildings, and expected further interest rate cuts.

Wee Hur (SGX:E3B) climbed 6.7% to S$0.48. We have identified the stock as a ‘technical buy’ due to strong price action indicating further upside continuation.

Yoma Strategic (SGX:Z59) jumped 6.2%, slightly reversing from its downtrend. The company is arranging its seventh shareholders’ trip from Feb 19 -22, 2025 in Yangon, Myanmar, to provide shareholders with an in-depth understanding of its operations and business activities.

For the full SGX report, click here.

Stocks with Momentum: Yangzijiang Shipbuilding & Wee Hur

We highlight Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) and Wee Hur Holdings Ltd (SGX: E3B), both designated as a ‘technical buy.’

Yangzijiang Shipbuilding is likely to rise and break resistance levels. Wee Hur has been steadily rising for the past four months, with minor selling pressure since it broke through the resistance level.

Discover our target prices here.

Walmart's Q3 FY25 earnings reveal robust growth driven by grocery sales, a 27% surge in e-commerce, and strong membership gains. The company attracts higher-income shoppers, leverages value and convenience, and excels in international markets like Mexico, China, and India. With raised full-year guidance and a focus on innovation, Walmart demonstrates resilience and growth potential, appealing to both value-conscious customers and investors.

Discover more here!

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 19, 2024)

Mermaid Maritime (SGX:DU4) shares surged 5.7% after a downtrend since Oct 23. We view the recent share price weakness as a buying opportunity, given Mermaid Maritime continued benefit from the tight vessel supply environment. We reiterate our ‘add’ call with a lower target price of S$0.16.

Several other stocks also saw notable increases: Zixin (SGX:42W) by 7.4%, Shanaya (SGX:SES) by 6.2%, Nam Cheong (SGX:1MZ) by 5.7%, and RH PetroGas (SGX:T13) by 5.2%.

For the full SGX report, click here.

Stock with Momentum: Singapore Telecommunications

We highlight Singapore Telecommunications Ltd (Singtel) (SGX: Z74), designated as a ‘technical buy’, showing strong further upside continuation.

Discover our target prices here.

Riverstone Holdings Ltd (SGX: AP4) is poised for a promising future with increased US customer commitments and expansion plans. Take a glean at future outlook and potential risks.

[Click here for the full article!]

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 18, 2024)

ST Engineering (SGX:S63) slid 5.5% despite a 14% YoY revenue increase in 3Q24. We see this as a buying opportunity, reiterating 'add' due to expected strong FY25F earnings growth from defense tailwinds, aircraft maintenance, repair & overhaul demand, satcom rebound, and falling interest rates.

Centurion Corporation (SGX:OU8) rose 5.6% with a 22% YoY revenue growth in 3Q24, driven by higher occupancies and rental reversions. We reiterate 'add' as it benefits from favorable industry dynamics and regulatory reforms. Its share price at S$0.945 is the highest since 2007.

Other notable movements:
• PropNex (SGX:OYY): +6%
• Nam Cheong (SGX:1MZ): -13.6%
• Prime US REIT (SGX:OXMU): -5.7%
• Keppel Pacific Oak US REIT (SGX:CMOU): -5.2%
• GS Holdings (SGX:43A): -6.5%

For the full SGX report, click here.

Cromwell European REIT (CEREIT) is enhancing its financial stability and portfolio performance by refinancing €450 million in bonds due in November 2025, focusing on industrial and high-quality office properties, and progressing towards its €350 million asset divestment target. Strong Q3 2024 income and occupancy growth support its strategy.

Read more here!

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 15, 2024)

• Zixin Group Holdings Ltd (SGX:42W): Despite reporting a net profit of RMB 7.8 million in 1H 2025, a significant turnaround from a RMB 3.4 million net loss in 1H 2024, the share price declined by 6.7%. The company attributed the improved earnings to higher sales volumes and revenue from fresh sweet potatoes, processed products, and seedlings.

• iShares USD Asia High Yield Bond ETF (SGX:O9P): Experienced an unusual surge in trading volume, up by 914.9% compared to its 10-day average. However, the share price slid slightly by 0.5%.

• Riverstone Holdings Ltd (SGX:AP4): Continued to see active trading volume, up 262.5% above its 10-day average, which supported its share price, lifting it by 1% after reporting strong 3Q24 results.

For the full SGX report, click here.

Global Markets: The Week Ahead

Get ready for an action-packed week! Major earnings from NVIDIA, Walmart, and more are set to shape market sentiment. Plus, China’s GDP, PMI data, and central bank signals from the Fed and ECB are in focus.

Key Highlights:
- NVIDIA’s first earnings since joining the Dow
- China’s Loan Prime Rates & trade balance updates
- PMI data from Europe, Japan & the US
- Housing market updates in the US

Don’t miss out on the full breakdown of what to watch this week. Click here to read the full article and stay ahead of the markets!

Follow us for real-time updates and insights.

Singapore Market Week Ahead: Trade Data and Dividend Plays Take Center Stage

Stay ahead of the curve! This week, Singapore's NODX trade data and dividend-paying stocks like Singtel and SATS are in the spotlight.

Here’s what’s on our radar:

Key Events:
- NODX figures to test Singapore's export resilience.
- Singtel & SATS trade ex-dividend – steady rewards for income seekers!
- Global influences: Nvidia earnings & China's economic updates.

Discover key insights to help you navigate the SGX market amidst global headwinds and opportunities.

Click here and stay informed about this week’s market-moving events.

Follow us for more updates!

Stocks with Momentum: Keppel and Nera Telecommunications

We highlight Keppel Ltd (SGX: BN4) and Nera Telecommunications Ltd (SGX: N01), both showing positive signals of a bullish continuation.

Keppel is designated as a ‘technical buy,’ with the stock on an uptrend since March 2022.

Nera Telecommunications has a ‘technical buy’ call, with its weekly chart showing a clear break above the downtrend line since October 2016.

Discover our suggested entry prices here.

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 14, 2024)

Riverstone Holdings Ltd (SGX: AP4) saw its share price soar by 7%, with trading volume spiking 570% above the 10-day average. The glovemaker’s 3Q24 net profit of RM72 million, up 22% YoY, exceeded our expectations. This led to an upgrade to an ‘add’ rating with a target price of S$1.10, with dissipating concerns over FX pressure post-Trump’s win. The upcoming US tariff hike on Chinese gloves in January 2025 also bodes well for Riverstone's FY25.

Mermaid Maritime Public Co Ltd (SGX:DU4) experienced a 5.3% drop amid active trading. The company's net profit for 3Q24 fell to USD1.1 million from USD6.9 million YoY, primarily due to higher finance costs, reduced profit sharing from joint ventures, and FX losses from the weakening USD against the THB.

Jiutian Chemical Group Ltd (SGX: C8R) faced a 10% decline as its 3Q24 revenue plummeted to RMB5.47 million, a 93% drop YoY. The company halted production of DMF and Methylamine in 2Q24 to minimize losses and improve efficiencies, resulting in a reduced net loss of RMB36.91 million, a significant improvement from previous periods.

Beng Kuang Marine Ltd (SGX:BEZ) saw a 6.4% decline despite reporting a 27.2% YoY increase in 3QFY24 profit before tax to $3.8 million. Revenue grew by 25% YoY to $26.8 million, driven by demand for asset integrity solutions for FPSO vessels.

For the full SGX report, click here.

Stocks with Momentum: Riverstone Holdings and CapitaLand Investment

Today, we highlight Riverstone Holdings Ltd (SGX: AP4), which is showing a bullish trend, and CapitaLand Investment Ltd (SGX: 9CI), which is indicating a downtrend.

Get more information, including the stocks' market positions and target prices, here.

BYD's (SGX:HYDD) (SEHK:1211) advancements in DM5.0 technology and international expansion are set to drive future sales growth. However, fierce competition, rising material costs, and regulatory hurdles could impact profitability.
Click to get key takeaways from its 3Q 2024 earnings highlights and potential outlook. Investors in Singapore can now invest in Hong Kong-listed BYD through Singapore Depository Receipts (SDR) on the SGX.

Click to read further!

🚀 Latest Market Trends from the SGX Daily Momentum Report (Nov 13, 2024)

Yoma Strategic Holdings Ltd (SGX: Z59) saw its share price drop significantly by 10.4% following the announcement of a larger net loss of US$12.5 million for the first half ending Sept 2024, due to currency translation losses on Thai baht and US dollar borrowings.

Delfi Ltd (SGX:P34) faced a decline, with its share price falling by 5.2%. Its 3Q24 revenue was US$117.6 million, down 5.5% YoY but meeting expectations. We maintain an ‘add’ call with a target price raised to S$0.96. There's optimism for increased sales going into 4Q24 on hopes that the government will boost consumer sentiment and support growth in Indonesia from FY2025.

Other stocks with notable decline include GS Holdings Ltd (SGX: 43A), which experienced a 6.1% decrease in share price following a 14% gain the previous day, and Manulife US REIT (SGX: BTOU), which saw its share price sink by 6.4%.

The ABF Singapore Bond Index Fund (SGX:A35) saw its trading volume surge by 3,556.4%. This ETF tracks the iBoxx ABF Singapore Index, which includes Singapore dollar-denominated bonds from the Singapore government and other Asian entities.

For the full SGX report, click here.

Stock with Momentum: United Overseas Bank

We focus on United Overseas Bank Ltd (UOB) (SGX: U11), whose price action indicates that a strong uptrend is in force. UOB is designated as a ‘technical buy,’ with the stock on an uptrend since March 2020.

Discover our suggested target prices here.