- Despite posting a solid 1.2% m-o-m increase for Jan 25, our Singapore Stock Alpha Picks January 2025 portfolio underperformed the STI by 0.6ppt on an equal-weighted basis as, again, the index performance was driven up by the banks. However, our Alpha Picks portfolio performed better on a market cap-weighted basis, increasing 2.1% m-o-m and beating the STI by 0.3ppt.
- - Read this at SGinvestors.io -
Market review.
- Global markets were higher as a strong start to the US corporate earnings season lifted investor sentiment in the latter half of Jan 25. However, upcoming US import tariffs coupled with the US Fed hitting the pause button on interest rate cuts moderated some of the gains.
- - Read this at SGinvestors.io -
Positive performance of our Singapore portfolio
- Despite increasing 1.2% m-o-m on an equal-weighted basis, our Singapore Stock Alpha Picks January 2025 portfolio underperformed the STI slightly by 0.6ppt. However, our Alpha Picks portfolio beat the STI by 0.3ppt on a market cap-weighted basis, posting a stronger 2.1% m-o-m increase in Jan 25.
Strong broad-based performance.
- 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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-02-04
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