- Although the STI recorded a decline of 0.4% m-o-m in Feb 24, more than half of our picks, especially the small/mid-caps (Frencken, Marco Polo Marine and Food Empire), recorded decent gains. Our Singapore Stock Alpha Picks (February 2024) portfolio rose 1.6% m-o-m on an equal-weighted basis, outperforming the FSSTI by 2.0ppt.
- - Read this at SGinvestors.io -
Market review.
- - Read this at SGinvestors.io -
- Manufacturing activity for Feb 24 was also due last week, which would help gauge the health of the US economy. Following an increase in macroeconomic uncertainty, the STI fell 0.4% m-o-m in Feb 24.
Continued beat in 2024.
- 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/ 2024-03-04
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