- In our model portfolio, we added real estate agency PropNex, which has a huge 64% market share in property transactions. There is a huge spike in sales of new home launches, up almost 6-fold y-o-y in 2025-to-date will drive up earnings growth.
- - Read this at SGinvestors.io -
- We removed ST Engineering due to its strong price performance and China Aviation Oil, which has disappointed in returning more capital to shareholders.
1Q25 Market Review:
- - Read this at SGinvestors.io -
- Shipping container rates have collapsed around 50% this year, and the risk of fees on Chinese-made vessels docking in the US has hurt shipyard Yangzijiang (SGX:BS6).
- ST Engineering (SGX:S63) was the standout performer with a 45% rally in 1Q25. Better than expected results and Europe looking to ramp up its defence spending triggered a rally in the stock.
2Q25 Market Outlook:
- Read more at SGinvestors.io.
