Key Indices
Top Stories
Strategy | Monthly Market Radar
- The STI gained 2.3% mom to 5,755, supported by banks (+4.2%) and shipyards (+8.6%). Singapore continues to attract safe-haven liquidity inflows and remains sheltered from the strain in the government bond markets in the US and Japan. Key upcoming events in September include the STI quarterly review, rollout of Budget 2026 Support Measures, and the FOMC meeting on 16 Sep 26.
Sector Update | REITs
- KDCREIT and SUN surpassed expectations, but hospitality REITs CLAS and FEHT missed expectations. Results for 11 out of our 15 large-cap S-REITs met expectations. The S-REIT sector continues to be supported by firm asset valuation and low cost of debt. Maintain OVERWEIGHT. S-REITs are laggards and, therefore, more resilient. BUY CICT (Target: S$3.06), FLT (Target: S$1.33), MPACT (Target: S$1.75), NTTDCR (Target: US$1.31) and UIBREIT (Target: S$1.17).
Market Spotlight
- US stocks were higher on Thursday, with all indices rising as the consumer discretionary, financials and communication services sectors rose. There were more advancers than decliners on both NYSE and NASDAQ.
- The FSSTI rose 3.60 points to 5,747.71, on the back of strength in DBS, SIA and OCBC Bank, with both mid-and small-cap indices falling with a broad market advance on a S$1.77b turnover.
Technical Analysis
Singapore Post (SPOST SP)
- Trading Buy Range: S$0.335-0.340
LHN (LHN SP)
- Trading Buy Range: S$0.555-0.560
Top Stories
Strategy | Monthly Market Radar
- The STI gained 2.3% mom to 5,755, supported by banks (+4.2%) and shipyards (+8.6%). Singapore continues to attract safe-haven liquidity inflows and remains sheltered from the strain in the government bond markets in the US and Japan. Key upcoming events in September include the STI quarterly review, rollout of Budget 2026 Support Measures, and the FOMC meeting on 16 Sep 26.
Sector Update | REITs
- KDCREIT and SUN surpassed expectations, but hospitality REITs CLAS and FEHT missed expectations. Results for 11 out of our 15 large-cap S-REITs met expectations. The S-REIT sector continues to be supported by firm asset valuation and low cost of debt. Maintain OVERWEIGHT. S-REITs are laggards and, therefore, more resilient. BUY CICT (Target: S$3.06), FLT (Target: S$1.33), MPACT (Target: S$1.75), NTTDCR (Target: US$1.31) and UIBREIT (Target: S$1.17).
Market Spotlight
- US stocks were higher on Thursday, with all indices rising as the consumer discretionary, financials and communication services sectors rose. There were more advancers than decliners on both NYSE and NASDAQ.
- The FSSTI rose 3.60 points to 5,747.71, on the back of strength in DBS, SIA and OCBC Bank, with both mid-and small-cap indices falling with a broad market advance on a S$1.77b turnover.
Technical Analysis
Singapore Post (SPOST SP)
- Trading Buy Range: S$0.335-0.340
LHN (LHN SP)
- Trading Buy Range: S$0.555-0.560
Key Indices
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