Straits Times Index (STI)

Singapore set for biggest monthly loss in over 3 years; Indonesia rises

(May 31): Singapore stocks fell on Friday, and is set for its biggest monthly loss in more than three years, symbolising a tough month for most equity markets in the region as US-China trade tensions reignited.

The benchmark index in Singapore slid 0.6% as investors turned cautious of a possible slowdown in global growth.

"Singapore is one of the most exposed countries to any slowdown in global trade. Our gross trade is 400% of GDP," Paul Chew Kuan Leng, head of research at Phillip Securities Research said.

3 defensive plays to tide investors over a volatile 2019: RHB

SINGAPORE (Jan 23): RHB Research has an “overweight” rating on banks for the sector’s strong growth and high yields; the consumer and industrial space as defensive sector picks; as well as REITs that are beneficiaries of improving economic activity, and/or with strong balance sheets.

What does SGX have to say about the increase in share buybacks in 2018?

SINGAPORE (Jan 11): Last year, the Straits Times Index lost 10.5%, owing to a range of global and domestic factors. Amid the plunge, many locally listed companies took the opportunity to buy back their own shares.

According to SGX My Gateway, the value of share buybacks more than trebled to $1.53 billion in 2018, from $426 million in 2017. The figure was also higher than the $826 million worth of share buybacks recorded in 2016, but lower than the $2 billion worth of share buybacks registered in 2015.

Go for lower beta, dividend-paying stocks this year after a disappointing 2018: Phillip

SINGAPORE (Jan 4): Phillip Capital is maintaining its Straits Times Index (STI) target of 3,400 in Oct 2019 – which pegs the market at 13.5 times, or around its ten-year average valuation – as the research house advocates a lower-beta equity portfolio for the year, with an emphasis on dividend-paying stocks.

In a Friday report, head of research Paul Chew opines that the Singapore market is currently cheap on a historical basis, as the STI currently trades at 1 SD of its 10-year historical valuations on a forward P/E of 12 times, or P/B of 1 times.

Don't let your investing guard down in 2019, says RHB

SINGAPORE (Dec 26): RHB Research is targeting 3,300 for the Straits Times Index (STI) by end-2019 and advises investors to remain defensive amid anticipated volatility in the year ahead – by focusing on buying stocks that offer stable earnings, strong balance sheets and sustainable dividends.

The research house’s caution comes despite inexpensive overall market valuations, in the research house’s view, with the STI trading at 12.7 times its one-year forward P/E at the -1SD band as at the close of Dec 13.

STI more likely to trade between 2,800-3,200: OCBC

SINGAPORE (Dec 24): OCBC Investment Research is projecting for the Straits Times Index (STI) to trade as high as 4,125 in 2019 in a bull case scenario. 

As at Dec 5 this year, the index traded at 3,156, 18% down from Bloomberg’s target of 3,721.

The research house’s base case is for the STI to trade at around 3,632 with a potential upside of 17% from Dec 5 levels, based on 7% earnings growth and a seven-year historical average price-earnings ratio (PER) of 13.9 times.

STI expected to stay flat but banks should provide earnings support

SINGAPORE (Apr 11): March was a month riddled with bad news. As a result, the benchmark Straits Times Index (STI) tumbled 2.6% during the month, even though it ended 0.7% up for 1Q18.

Last month, the US administration slapped tariffs on US$50 billion ($65.4 billion) worth of Chinese imports, mainly in machinery and equipment.

See: Trump punishes China by considering broad curbs on Chinese imports, takeovers

Stick with these quality companies for upside in 2018, says OCBC

SINGAPORE (Dec 14): OCBC Investment Research says upside remains even as 2018 is unlikely to see a repeat of the “stellar gains” this year.

Year-to-date, the benchmark Straits Times Index (STI) has climbed 20% on the back of the financial and property sectors.

The financial sector led the way as the best performing sub-index in the Singapore market, with year-to-date gains of 31%. This was followed by the Real Estate Holding and Development Index, which surged 27%. The Singapore REIT index also performed well, rising 19%.

Singapore's stock market finally getting some love again

SINGAPORE (Nov 10): Singapore’s stock market is finally getting some love again.

With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency.

The city-state’s equity funds received some US$2 billion in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global. That’s more than the combined inflows of the past five years and the longest monthly rally since mid-2013, the data show.

Right timing: STI's uptrend intact

SINGAPORE (Nov 3): Here are two charts for our technical analysis this week:

Straits Times Index (daily)
The Straits Times Index (3,382) fell marginally during the week. The move has not had a material impact on long- and medium-term indicators, The upside of 3,500 from the break above 3,350 remains valid.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter