- 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 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/ 2024-01-03
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