- 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-11-03
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