- On a market cap-weighted basis, the STI outperformed our Singapore Stock Alpha Picks (Aug 2023) portfolio by 0.3ppt, which was helped by our industrial stock picks. On a price-weighted and market-cap weighted basis, however, our portfolio significantly underperformed due to SEA Ltd.
- - Read this at SGinvestors.io -
- For Sep 23, due to favourable tailwinds for its data centre segment, we add Mapletree Industrial Trust while removing Raffles Medical from our Alpha Picks portfolio.
Market review.
- - Read this at SGinvestors.io -
- However, softening US jobs data at the end of Aug 23 raised the odds of a pause in interest rate hikes, lifting markets slightly with the STI ending up 4.2% lower m-o-m. (See also SGX market update: Institutions & Individual Investors Net Buyers of Singapore Stocks in August)
Soft performance in August
- 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/ 2023-09-04
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