- The STI extended its rally in Dec 23 as encouraging economic data, cooling inflation and dovish comments from the US Fed raised hopes of an end to the rate-hike cycle. Our Singaore Stock Alpha Picks (December 2023) portfolio responded accordingly, rising 5.9% m-o-m in Dec 23, beating the STI by 0.5ppt on an equal-weighted basis.
- - Read this at SGinvestors.io -
- For Jan 24, we add CapitaLand Ascott Trust and SATS and remove RH PetroGas, SIA Engineering and Far East Hospitality Trust.
Market review.
- - Read this at SGinvestors.io -
Outperformance for 4Q23 and 2023.
- 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/ 2024-01-03
More views on Singapore stock market outlook & investment strategy:
Analysts Say Analyst Reports on Singapore Stock Strategy
Latest research on Singapore stocks @
Analysts Say Stocks & REITs Research Reports
Analysts Say Sector / Industry Research Reports
Latest Stock Ratings & Price Targets @
Analysts Say Price Targets & Stock Ratings Changes
Analysts Say Consensus Target Prices
