- 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.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | http://www.poems.com.sg/ 2025-01-03
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