Markets took their cue from a firm Wall St; Sentiment in US was upbeat despite political upheaval; Main hope was that Biden administration would announce stimulus; US President-elect Biden duly announced plans for a US$1.9tr package; China’s exports beat forecasts, trade surplus with US widened; SIA issued US$500m in bonds; 17 parties have signed NDAs to possibly invest in Hyflux; Quarz said S$1.55 per share offer for Sunningdale is too low; SGX queried iFast for fourth time in six months.   US stimulus hopes continued to underpin market’s strength The local stock market last week continued to benefit from Wall Street’s strength that has over the past two months been derived from hopes of a large stimulus bill to tackle the economic challenges posed by the COVOD-19 pandemic.

Performance of Straits Times Index (STI) Constituents in 2020 The Straits Times Index (STI) ended 379.02 points or 11.8% lower at 2843.81 in 2020.(compared to 3222.83 on 31-Dec-2019)Top Performers in 2020: Keppel DC REIT, Venture Corp, Mapletree Logistics Trust, Wilmar International & Mapletree Industrial Trust. Least Performers in 2020: Singapore Airlines, Jardine Cycle & Carriage, SingTel, ComfortDelGro. Most Volatile: Keppel DC REIT, Singapore Airlines, Sembcorp Industries. The STI's 30 constituent stocks are: ASCENDAS REIT (A17U.SI); CAPITALAND (C31.SI); VENTURE CORPORATION (V03.SI); CITY DEVELOPMENTS (C09.SI); SINGAPORE EXCHANGE LIMITED (S68.SI); UOB (U11.SI); SEMBCORP INDUSTRIES (U96.SI); DBS GROUP (D05.SI); SINGTEL (Z74.SI); GENTING SINGAPORE (G13.SI); THAI BEVERAGE (Y92.SI);

I admit that I am a Mile Junkie (see post in 2017) as I love to travel. You can see all my travel pictures here.I have at least 5 credit cards collecting miles for me but I swear I didn't plan to be a Million Air in 2020, not when Covid-19 is still raging on. I even missed the first round promotion by Singapore Airlines but luckily,  SQ has decided to extended the promotion to 16 Jan 2021.

   Technicals of Singapore Airlines:1 January 2021(Click on the Technical Chart Above to Expand)Attached is the Monthly Technicals of Singapore Airlines. A strong November rebound which had gone according to my anticipation was followed by a weak December stalling. This has forced me to relook and flipped me back to high bearishness on Singapore Airline share prices. The resistance in grey is likely to hold. The dead cat rebound support line in pink is like to break down. When it breaks, the blue line support at $1.90 needs to be tested. Region between pink and blue lines is a vacuum zone of sharp price action, in sync with how price actions execute when important support breaks. I expect this support to break down in 2021. I am back to bearishness on all airline compan

2020 has been a sub-par year for many stocks listed on the Singapore Exchange (SGX). The Straits Times Index (STI) has fallen about 12% for the year, from 3,247 at the start of the year to 2,842 as of 24 December 2020. Not surprisingly, some consumer stocks, especially those involved in tourism and transportation, have struggled in 2020 due to travel restrictions because of COVID-19. In this week’s edition of 4 Stocks This Week, we look at some of the biggest consumer stocks listed on the SGX, how they have performed in 2020 and what they can look forward to in 2021. Singapore Airlines (SGX: C6L) 2020 has been a year to forget for Singapore Airlines (SGX: C6L). The COVID-19 pandemic has pretty much wiped out global travel and this means SIA has lost a massive chunk of its annual revenue

Today, we are going to share with you how to invest your CPF Investment Scheme (CPFIS) in a no-brainer way. The best part? You need not be financially savvy to do this. A beginner can do it! And I’ll reveal the exact step-by-step process, which you can follow easily. What is CPF Investment Scheme (CPFIS)? It is to provide options to CPF members to invest their CPF savings in their Ordinary Account (OA) and Special Account (SA) in various instruments such as investment-linked insurance products, unit trusts, fixed deposits, bonds, and shares in Singapore. The average CPF interest rate is 2.5% to 4% for the Ordinary Account. Check the latest CPF interest rate here. Below is the latest CPF rate (1st Oct to 31st Dec 2020).   Share this Infographic On Your Site </p><br /&g

Global stock markets see strong light at the end of tunnel recently with confirmation of Biden as new US president and news COVID-19 vaccine over 90% effectiveness. During early phase of pandemic, Dr Tee students learned to apply defensive dividend stock strategies to consider Asian giant stocks at low optimism (average down strategy), balancing with growth investing / momentum trading (average up strategy) in bullish US giant stocks. The stock market this time is different from last 8 months of V-shape recovery limited to a few sectors (eg. Technology / Software, Healthcare / Glove, etc). There are sectors rotation, focusing more on cyclical stocks (eg. banks and oil & gas) and COVID-19 affected stocks are recovering quickly, resulting in global surge in share prices, over 10-40%

The STI rose 382 points or 15.8% in Nov to end at 2,805.95; Funds shifted from Technology and Healthcare to cyclical sectors; Pfizer and Moderna’s vaccine news provided main source of optimism; Joe Biden’s win lifted cloud of uncertainty, proved conventional wisdom wrong; Among stocks in focus here were SIA and SPH; DBS to take over troubled Indian bank The STI posted its best month since May 2009, up 15.8% The long and short of it is that hopes of a virus vaccine and a victory for the Biden camp in the US Presidential elections helped global stock markets rise sharply in November, led by Wall Street. Notwithstanding the steep selloff on the last trading day of the month on Monday, the Straits Times Index still managed to record a 382-points or 15.8% gain for the month at 2,805.95,

The STI continued its recent rise, gaining 1.5% at 2,855.82; Record highs on Wall Street helped boost sentiment; US stocks’ rise came after signs of smooth transition to Biden govt; Top Glove’s shares slide after factory closures due to worker infections; Broadway Industrial in play on news of US$50m asset sale to Seksun; SIA issued $500m notes at 3.5% via private placement; Sabana-ESR Reit merger proxy advisers recommend voting in favour. STI’s recent recovery continued with 1.5% gain Notwithstanding the fact that Singapore’s October factory output fell an unexpected 0.9% year-on-year, the Straits Times Index still managed a 42-points or 1.5% rise over the week to 2,855.82. This rise came despite weakness over Wednesday to Friday. Helping support prices were continued hopes of

The STI’s surge continued in the wake of Joe Biden’s victory; Adding impetus was hopes of a vaccine soon for the virus; SIA issued new convertible bonds at 1.625% coupon; Best World submitted trading resumption proposal; Aspen in play (again) after placement announcement; Hyflux supported SGI’s rescue deal; IPO managers and sponsors to be held to higher standards. Victory for Democrat Joe Biden was the first driver The US election victory by Democrat candidate Joe Biden was one driver of stock prices last week, on hopes that the President-elect would be able to deliver a stimulus package that was larger than previously negotiated or reported. The second and perhaps more important driver were rising hopes of a vaccine to battle the COVID-19 virus that has brought the global economy

After much anticipation, travel-starved Singapore residents finally have a chance to spread their wings and fly beyond our little red dot. The Singapore-Hong Kong Air Travel Bubble (ATB) is finally officially confirmed and details are finally released. From 22 November 2020, Singaporeans can travel to Hong Kong for leisure. This is the only leisure travel destination currently endorsed by the government; all other travel arrangements to other countries have been restricted for official and business purposes. Here are the 8 things you need to know about the Singapore-Hong Kong Air Travel Bubble (ATB) before you book that ticket and hop off our little island. Read Also: Fast Lane; Green Lane; Air Travel Pass; Air Travel Bubble: What You Need To Know About Singapore’s Travel Agreements #1 Y

The US Presidential elections was the main focus; Wall Street had its best election rally since 1932; The Straits Times Index surged 155 points or 6.4% to 2,578.68; Most analysts reckon a Biden victory would boost Asian stocks, Singapore included; US Fed kept its policy steady; All three local banks’ Q3 earnings beat consensus estimates; SIA reported record 1H loss of $3.47b; CDL appointed Deloitte to study its investment in Sincere Properties. Biden vs Trump was the central focus Up to the start of the week conventional wisdom was that a victory in the US presidential elections for incumbent Donald Trump would be good for equities because of the business-friendly policies that the Republican party would pursue. Yet even before the elections started in earnest on Tuesday, 3 November,

At the current price of S$0.90, we estimate the expected annualized return for SIA's Mandatory Convertible Bonds to be 7.47%. The post Singapore Airlines’ Mandatory Convertible Bonds (MCBs) are now yielding 7-8% p.a. Are they a good buy? appeared first on The InvestQuest.

The STI fell 66 points or 2.6% to 2,466.62 in September; US tech sector volatility was a big factor; US-China tensions rose as US banned Tik Tok and WeChat from app stores; Absence of agreement on US stimulus package weighed on sentiment; US Federal Reserve announced its inflation target, promised to keep interest rates close to zero for next few years; SIA’s cost-cutting and fuel hedging were in focus; Wilmar’s China unit’s Shenzhen IPO captured market’s attention Entering a “consolidation phase’’ The Straits Times Index lost 66 points or 2.6% over the month of October to end at 2,466.62. A US tech stock selloff that led to the sector experiencing large volatility over the past four weeks, the state of the US economy ahead of next month’s presidential elections, increas

For the uninitiated, AIA Vitality is a health and wellness programme that rewards AIA policyholders with attractive incentives at a fee of $8 a month. By implementing it, AIA rewards policyholders for taking steps to improve their health. The end result is that policyholders may become healthier and ultimately make lower/fewer claims. AIA Vitality members can earn and accumulate points through weekly challenges that encourage adopting healthy habits such as completing the weekly exercise, eating healthily, as well as completing health assessment at approved clinics. Since its launch in 2013, there are now close to 150,000 AIA Vitality members in Singapore. The programme has undergone several changes, with the latest round of major changes implemented on 20 July 2020. In this article, we

Market consolidated last week with the STI losing 25 points or 1% at 2,472.28; Wall St continued to set direction; US investors were nervous about rise in virus numbers, lack of fiscal stimulus; In local news, Wilmar announced IPO details for China unit; SIA replied to BT comment, explained fuel hedging actions; More retail investors are trading this year A consolidation phase Perhaps the best description for the behaviour of the local stock market over the past few weeks is that it has entered a “consolidation phase’’, an oft-used cliché that means that investors have no idea what the next move should be and so are simply following the momentum set by other markets. The main pacesetter for Singapore as well as most global markets is Wall Street, which of late has appeared to hav

The STI added 7 points or 0.28% at 2,497.71; Main external drivers were US FOMC and technology selloff; WTO ruled that US’s tariffs on China are illegal; US to ban WeChat and TikTok from app stores; Wilmar’s China unit secured go-ahead to list on Shenzhen Exchange; Top Glove reported that 4Q net profit was 17 times higher than FY19; SIA pilots agree to deeper pay cuts; Analysts divided over outlook for Wall St.   US FOMC and tech selloff were main features The US Federal Reserve’s latest Federal Open Markets Committee (FOMC) meeting and continued pressure on US tech stocks provided the main external direction for the local stock market last week. Investors were clearly unsure of what to make of both – the Fed said it would keep US interest rates near zero until inflation is on

Having a strong sponsor or major shareholder is crucial for stock investment, especially during period of uncertainty such as COVID-19 stock crisis.  In this article, Dr Tee will review these 7 Temasek stocks with 4 major corporate actions: 1) Keppel Corp (SGX: BN4) – Abandon of Partial Acquisition by Temasek 2) Sembcorp Industries (SGX: U96) & Sembcorp Marine (SGX: S51) – Successful Demerger under Temasek 3) Singapore Airlines, SIA (SGX: C6L) – Impact of Rights & Bonds Issues for Survival 4) CapitaLand Mall Trust (SGX: C38U) & CapitaLand Commercial Trust (SGX: C61U) – Merger of CapitaLand (SGX: C31) Giant REITs with coming change in 30 STI component stock with Keppel DC REIT (SGX: AJBU) Temasek helps to manage national wealth of Sin

Temasek Holdings is a private investment company wholly owned by the Singapore government. As of 31 March 2020, Temasek manages a net portfolio of S$306 billion. Some notable holdings in the portfolio include Singapore blue chips like DBS Group, Singapore Airlines, and CapitaLand; and foreign stocks like Visa, Alibaba, and Meituan Dianping. Temasek Review is an annual event in which Temasek executives examine the fund’s performance over the past year and share their thoughts on a host of topics from portfolio allocation to market outlook. We first attended Temasek Review in 2019, and were also invited to cover the event this year as we look at how COVID-19 has impacted Temasek and its portfolio of companies. Here are 10 things I learned from Temasek Review 2020: 1. Temasek’s

The STI added just 3 points at 2,532.51; Wall Street had its best Aug since 1984; Virus-related news continued to drive markets; US-China tensions played a part in capping prices here; Singapore government to inject S$8b more; Temasek pulled out of Keppel takeover; Shareholders approved Sembcorp Industries and Sembmarine demerger; SIA used half of the S$8.8b raised in its rights issue Virus news, US-China tensions were the macro drivers The Straits Times Index added just 3 points in the month of August to end at 2,532.51, driven largely by the same themes which have prevailed for the past 5 months – news about the virus COVID-19. The main support for stock prices came in the form of record highs on Wall Street, which in turn were driven by encouraging news about vaccines to treat the