- For 1Q25. we add CapitaLand Ascott Trust, OCBC, Wee Hur to the Phillip Absolute 10 portfolio of Singapore stock picks, and remove ComfortDelGro, Valuetronics, OUE REIT.
2024 Review:
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Despite rate cuts that were higher than initially expected—there were massive gains in transport-related stocks.
- Yangzijiang Shipbuilding benefited from the rebound in container freight rate due to the Red Sea disruption.
- Freight volumes for SATS were better than expected, and the company was enjoying the repricing of its services.
- Reviewing our 2024 macro projection, we see that the anticipated softness in the US economy did not materialise; instead, China was the underperformer. The two central demand pillars of the US economy are rising household wealth and huge government spending.
2025 Outlook:
- Read more at SGinvestors.io.
