Key Indices
Top Stories
Sector Update | Property
- August home sales dipped to a ytd low of 153 units, ex-ECs, owing to slow launch activity. We anticipate a pickup in new launch activity from late-September onwards. Maintain OVERWEIGHT on property with our top picks of CIT and CLI. Stock catalysts include CIT’s upcoming strategic review with potential portfolio optimisation activities as well as CLI’s focus to accelerate growth by unlocking S$7b-9b of embedded value in non-core and legacy investments for future capital recycling and value realisation.
Market Spotlight
- US stocks were lower on Wednesday. All three major indexes fell as energy, financials, and materials sectors slid. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI fell 3.23 points to 5,635.41, on the back of weakness in Singtel and SATS. Mid-cap indices fell while small-cap indices rose with a broad market decline on S$1.73b turnover.
Technical Analysis
AEM Holdings (AEM SP)
- Trading Buy Range: S$9.10-9.11
Marco Polo Marine (MPM SP)
- Trading Sell Range: S$0.142-0.143
Top Stories
Sector Update | Property
- August home sales dipped to a ytd low of 153 units, ex-ECs, owing to slow launch activity. We anticipate a pickup in new launch activity from late-September onwards. Maintain OVERWEIGHT on property with our top picks of CIT and CLI. Stock catalysts include CIT’s upcoming strategic review with potential portfolio optimisation activities as well as CLI’s focus to accelerate growth by unlocking S$7b-9b of embedded value in non-core and legacy investments for future capital recycling and value realisation.
Market Spotlight
- US stocks were lower on Wednesday. All three major indexes fell as energy, financials, and materials sectors slid. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI fell 3.23 points to 5,635.41, on the back of weakness in Singtel and SATS. Mid-cap indices fell while small-cap indices rose with a broad market decline on S$1.73b turnover.
Technical Analysis
AEM Holdings (AEM SP)
- Trading Buy Range: S$9.10-9.11
Marco Polo Marine (MPM SP)
- Trading Sell Range: S$0.142-0.143
Key Indices
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