- Our Singapore Stock Alpha Picks (October 2022) marginally outperformed the STI index, declining by 1.0% on a market cap-weighted basis vs the STI’s 1.2% decline in Oct 22.
- - Read this at SGinvestors.io -
- We also add Keppel Corp for its pending transition into a more asset-light business.
- In the technology sector, we switch out of NanoFilm Technologies and into Venture Corp for exposure to a larger-cap stock in an uncertain environment.
Singapore stock market review.
- - Read this at SGinvestors.io -
- However, a coordinated shift in messaging from the US Fed towards a potentially smaller interest-rate increase in Dec 22, coupled with a strong start to the US earnings season, gave global markets a boost, with the STI rallying in the last week of Oct 22; it had been down 4.4% m-o-m at its lowest point. See Straits Times Index (STI) & Constituents share price performance.
Performance of Singapore Stock Alpha Picks in Oct 22.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-11-03
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