Although US President claims the huge trade deficit to be the basis of the trade war against China, most believe that the underlying issue is the threat of Chinese technology displacing the US. Although trade talks have restarted, sticky points remain to be ironed out, including the issue with Huawei. Have US tech stocks lost their shine? According to Phillip Securities Research, investors should continue to be encouraged by US tech giants’ commitment to aggressively invest in new technologies to drive innovation. The tech giants continue to show great strength in their engagement, introducing innovative cloud offerings that have the potential to disrupt industries. However, investors should also note the recent limelight of tech giants in the anti-trust investigations. That being said,

It was an eventful week for SGX-listed companies. On a policy level, the Monetary Authority of Singapore announced that it is looking into the possibility of raising the amount of leverage Singapore REITs are allowed to have from the current 45%. For individual companies, there have been plenty of news and interest as well. For this instalment of 4 Stocks This Week, we highlight 4 companies with developments this week that may have long-standing repercussions in the weeks and months to come. Read Also: [2019 Edition] Complete Guide To Start Your REITs Investing Journey In Singapore Ascott Residence Trust (SGX: A68U) On 3 July 2019, Ascott Residence Trust and Ascendas Hospitality Trust jointly announced that they will be merging, creating the largest hospitality trust in Asia-Pacific

On 3 July 2019, Sembcorp Marine share price collapsed 9% after revelation that its subsidiary in Brazil, Estaleiro Jurong Aracruz Ltda (“EJA”), had been stormed by the Brazilian authorities. The raid was in relation to a corruption probe, nicknamed “Operation Car Wash”. Sembcorp Marine share price see red Sembcorp Marine to ride out the storm After the news broke, I fear the worst for Sembcorp Marine share price. The corruption crackdown came at a time when Sembcorp Marine is still struggling to handle the industry slump. The timing is definitely bad because it is nearly light at end of tunnel for Sembcorp Marine share price as oil price had recovered to a reasonable USD70 per barrel level in recent months. The latest bombshell is an unexpected setback for the oil rig builder. No

Sembcorp Marine Ltd’s (SGX: S51) shares fell hard this week after it revealed that its yard in Brazil was raided by the authorities.

Heading into 2H19, MBKE expects a choppy year for markets given that Singapore is highly exposed to trade flows. Forward looking profit growth expectations have fallen over the past six months with the weakening macro outlook. Among the sectors, there are four particular sectors that MBKE thinks will be able to help investors ride out the choppy markets. In the first part of this 2-part series, we will highlight two of the sectors that MBKE thinks investors should be watching out for: Financial and industrials. Investors Takeaway: Watch Out For The Financial And Industrial Sectors Maybank Kim Eng Financial: Best Place To Seek Quality Growth Plays Years Of Structural Change Coming To Fruition Following not so successful attempts to transform into universal banks, the financial sector has

Dear all, This week, Sembcorp marine (“SMM”) caught my attention amid positive industry reports and its strengthening chart. I have started to accumulate SMM with my usual take profit target of a few bids, if any. Let’s look at the basis, and importantly, the investment risks.   Basis a) Analysts are turning positive Based on Figure 1 below, average analyst target price for SMM is around $1.93, representing a potential capital appreciation of around 12% from the current price $1.72. It is noteworthy that JP Morgan has turned positive on SMM last month with a target price of $2.10, after six years of underweighting SMM. Figure 1: Ave analyst target $1.93 Source: Bloomberg 26 Apr 19 b) Chart is supportive Based on Chart 1 below, SMM breached its trading range $1.60 – 1.72 on 23 A