Key Indices
Top Stories
Sector Update | Property
- In Sep 26, home sales (excluding ECs) rose 16% yoy and 93% mom to 296 units, as buyers continued to pick up units from existing projects. New launch activity should improve in early-4Q26, with the launch of Lucerne Grand and roll-out of Thomson Reserve. Maintain OVERWEIGHT on property developers. Top picks: CIT and CLI. Stock catalysts include CIT’s execution of its S$6b divestment target over 2027-29 and CLI’s focus to accelerate growth by recycling S$7b-9b of non-core and legacy investments.
Market Spotlight
- US stocks were higher on Thursday. All indices rose as the health care, materials and financials sectors gained. There were more advancers than decliners on NASDAQ and NYSE.
- The FSSTI fell 19.83 points to 5,403.50, on the back of weakness in DBS and SIA, with both mid- and small-cap indices falling with a broad market decline on a S$2.55b turnover.
Technical Analysis
Venture Corp (VMS SP)
- Trading Sell Range: S$15.89-15.90
UMS Holdings (UMSH SP)
- Trading Sell Range: S$2.39-2.40
Top Stories
Sector Update | Property
- In Sep 26, home sales (excluding ECs) rose 16% yoy and 93% mom to 296 units, as buyers continued to pick up units from existing projects. New launch activity should improve in early-4Q26, with the launch of Lucerne Grand and roll-out of Thomson Reserve. Maintain OVERWEIGHT on property developers. Top picks: CIT and CLI. Stock catalysts include CIT’s execution of its S$6b divestment target over 2027-29 and CLI’s focus to accelerate growth by recycling S$7b-9b of non-core and legacy investments.
Market Spotlight
- US stocks were higher on Thursday. All indices rose as the health care, materials and financials sectors gained. There were more advancers than decliners on NASDAQ and NYSE.
- The FSSTI fell 19.83 points to 5,403.50, on the back of weakness in DBS and SIA, with both mid- and small-cap indices falling with a broad market decline on a S$2.55b turnover.
Technical Analysis
Venture Corp (VMS SP)
- Trading Sell Range: S$15.89-15.90
UMS Holdings (UMSH SP)
- Trading Sell Range: S$2.39-2.40
Key Indices
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