Key Indices
Top Stories
Strategy | Brace For Higher Energy And Crude Oil Prices
- The situation in the Middle East has become precarious with potential disruptions to maritime traffic through both the Strait of Hormuz and the Bab el-Mandeb Strait. A further rise in crude oil prices is inevitable. We cut our 12-month STI target by 9.3% from 6,682 to 6,061 based on an equity risk premium of 3.4% for 2027, which is 0.25SD below the long-term mean, and a risk-free rate of 2.5%.
Market Spotlight
- US stocks were higher on Friday. All three major indexes rose as communication services, consumer discretionary and information technology sectors gained. There were more advancers than decliners on both the NYSE and the Nasdaq.
- The FSSTI rose 6.18 points to 5,695.93, on the back of strength in DBS and OCBC Bank, with both mid- and small-cap indices rising with a broad market advance on S$1.51b turnover.
Technical Analysis
iFAST Corp (IFAST SP)
- Trading Buy Range: S$9.01-9.02
Wilmar International (WIL SP)
- Trading Buy Range: S$3.71-3.72
Top Stories
Strategy | Brace For Higher Energy And Crude Oil Prices
- The situation in the Middle East has become precarious with potential disruptions to maritime traffic through both the Strait of Hormuz and the Bab el-Mandeb Strait. A further rise in crude oil prices is inevitable. We cut our 12-month STI target by 9.3% from 6,682 to 6,061 based on an equity risk premium of 3.4% for 2027, which is 0.25SD below the long-term mean, and a risk-free rate of 2.5%.
Market Spotlight
- US stocks were higher on Friday. All three major indexes rose as communication services, consumer discretionary and information technology sectors gained. There were more advancers than decliners on both the NYSE and the Nasdaq.
- The FSSTI rose 6.18 points to 5,695.93, on the back of strength in DBS and OCBC Bank, with both mid- and small-cap indices rising with a broad market advance on S$1.51b turnover.
Technical Analysis
iFAST Corp (IFAST SP)
- Trading Buy Range: S$9.01-9.02
Wilmar International (WIL SP)
- Trading Buy Range: S$3.71-3.72
Key Indices
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