Key Indices
Top Stories
Strategy | Next Up… The Next 50 Index
- We screened the Next 50 component stocks for companies with attractive fundamentals: Our top picks for S-REITs are CAREIT (Target: S$1.39), LREIT (Target: S$0.79), NTTDCR (Target: US$1.29) and UIBREIT (Target: S$1.16). Our preferred BUYs include SIE (Target: S$3.75) for the aviation sector and RSTON (Target: S$0.79) and UMSH (Target: S$3.27) for the technology sector. We also like construction play PAN (Target: S$1.88).
Market Spotlight
- US stocks were lower on Monday. All three major indexes fell as information technology, industrials and utilities sectors slid. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI rose 22.09 points to 5,718.02, on the back of strength in DBS and OCBC Bank. Mid- cap indices rose while small-cap indices fell, with a broad market advance on S$1.89b turnover.
Technical Analysis
DBS Group (DBS SP)
- Trading Buy Range: S$77.35-77.37
Yangzijiang Shipbuilding (YZJSGD SP)
- Trading Buy Range: S$5.06-5.07
Top Stories
Strategy | Next Up… The Next 50 Index
- We screened the Next 50 component stocks for companies with attractive fundamentals: Our top picks for S-REITs are CAREIT (Target: S$1.39), LREIT (Target: S$0.79), NTTDCR (Target: US$1.29) and UIBREIT (Target: S$1.16). Our preferred BUYs include SIE (Target: S$3.75) for the aviation sector and RSTON (Target: S$0.79) and UMSH (Target: S$3.27) for the technology sector. We also like construction play PAN (Target: S$1.88).
Market Spotlight
- US stocks were lower on Monday. All three major indexes fell as information technology, industrials and utilities sectors slid. There were more decliners than advancers on both the NYSE and the Nasdaq.
- The FSSTI rose 22.09 points to 5,718.02, on the back of strength in DBS and OCBC Bank. Mid- cap indices rose while small-cap indices fell, with a broad market advance on S$1.89b turnover.
Technical Analysis
DBS Group (DBS SP)
- Trading Buy Range: S$77.35-77.37
Yangzijiang Shipbuilding (YZJSGD SP)
- Trading Buy Range: S$5.06-5.07
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
