- Our Singapore Stock Alpha Picks (June 2023) portfolio continued its market-beating run in Jun 23, beating the STI by 2.9ppt on an equal-weighted basis, helped by industrial stocks. Our portfolio’s performance on a q-o-q basis was even better, bettering the STI by 8.8ppt.
- - Read this at SGinvestors.io -
- Our Alpha Picks portfolio has now beaten the STI in 15 out of the past 16 months.
Jun 23 market review.
- - Read this at SGinvestors.io -
- Despite the US Fed pausing interest rate hikes in Jun 23, its hawkish comments indicated two additional rate hikes by end-23, taking the froth off markets. The STI nevertheless ended up 1.5% higher on a m-o-m basis.
Unbeaten in 2023.
- 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 UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-07-03
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