Key Indices
Top Stories
Strategy | Alpha Picks: Large Caps Pulling The Weight
- Our September Alpha Picks was reduced to 14 names, adding SATS and removing Hong Leong Asia and UltraGreen.ai for portfolio rebalancing. August’s portfolio returned 5.6% market cap-weighted and 4.7% price-weighted, outperforming the FSSTI by 3.3ppt and 2.4ppt respectively, with gains led by OCBC (+9.8%), Venture (+7.4%) and City Development (+6.8%). The broader Singapore market remained stable amid ongoing results announcements.
Company Results | Keppel DC REIT (KDCREIT SP/BUY/S$2.17/Target: S$2.99)
- KDCREIT is acquiring two freehold, hyperscale fully fitted (colocation) DCs located in Inzai City, Greater Tokyo, Japan. The two DCs are 100% occupied and provide an attractive built-in contractual rental escalation of 2.8%. Management estimated the acquisition to be accretive by 2.6%. Maintain BUY. Target price: S$2.99.
Market Spotlight
- US stocks were higher on Wednesday, with all indices rising as the materials, communication services and health care sectors rose. There were more advancers than decliners on both NYSE and NASDAQ.
- The FSSTI rose 33.74 points to 5,744.11, on the back of strength in DBS, SIA and OCBC Bank, with both mid-and small-cap indices rising with a broad market advance on a S$1.92b turnover.
Technical Analysis
Hongkong Land (HKL SP)
- Trading Buy Range: US$8.06-8.07
Singapore Exchange (SGX SP)
- Trading Buy Range: S$24.84-24.85
Top Stories
Strategy | Alpha Picks: Large Caps Pulling The Weight
- Our September Alpha Picks was reduced to 14 names, adding SATS and removing Hong Leong Asia and UltraGreen.ai for portfolio rebalancing. August’s portfolio returned 5.6% market cap-weighted and 4.7% price-weighted, outperforming the FSSTI by 3.3ppt and 2.4ppt respectively, with gains led by OCBC (+9.8%), Venture (+7.4%) and City Development (+6.8%). The broader Singapore market remained stable amid ongoing results announcements.
Company Results | Keppel DC REIT (KDCREIT SP/BUY/S$2.17/Target: S$2.99)
- KDCREIT is acquiring two freehold, hyperscale fully fitted (colocation) DCs located in Inzai City, Greater Tokyo, Japan. The two DCs are 100% occupied and provide an attractive built-in contractual rental escalation of 2.8%. Management estimated the acquisition to be accretive by 2.6%. Maintain BUY. Target price: S$2.99.
Market Spotlight
- US stocks were higher on Wednesday, with all indices rising as the materials, communication services and health care sectors rose. There were more advancers than decliners on both NYSE and NASDAQ.
- The FSSTI rose 33.74 points to 5,744.11, on the back of strength in DBS, SIA and OCBC Bank, with both mid-and small-cap indices rising with a broad market advance on a S$1.92b turnover.
Technical Analysis
Hongkong Land (HKL SP)
- Trading Buy Range: US$8.06-8.07
Singapore Exchange (SGX SP)
- Trading Buy Range: S$24.84-24.85
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
