Key Indices
Top Stories
Asian Gems Corporate Highlights | Wilmar International (WIL SP/HOLD/S$3.65/Target: S$3.80)
- Wilmar’s earnings remain underpinned by resilient consumer demand, while commodity price volatility presents both upside and downside risks to the near-term outlook. Management remains committed to expanding and improving the performance of the downstream consumer business, supporting a more stable long-term earnings outlook. Maintain HOLD with a higher target price of S$3.80.
Market Spotlight
- US stocks were mixed on Thursday. The Dow Jones and S&P 500 fell while the Nasdaq rose as the utilities, materials and consumer staples sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 26.54pt to 5,683.37, on the back of weakness in OCBC, DBS and Singtel, with both mid-and smallcap indices falling with a broad market decline on S$1.81b turnover.
Technical Analysis
SIA Engineering (SIE SP)
- Trading Buy Range: S$3.15-3.16
DFI Retail Group (DFI SP)
- Trading Sell Range: US$3.27-3.28
Top Stories
Asian Gems Corporate Highlights | Wilmar International (WIL SP/HOLD/S$3.65/Target: S$3.80)
- Wilmar’s earnings remain underpinned by resilient consumer demand, while commodity price volatility presents both upside and downside risks to the near-term outlook. Management remains committed to expanding and improving the performance of the downstream consumer business, supporting a more stable long-term earnings outlook. Maintain HOLD with a higher target price of S$3.80.
Market Spotlight
- US stocks were mixed on Thursday. The Dow Jones and S&P 500 fell while the Nasdaq rose as the utilities, materials and consumer staples sectors slid. There were more decliners than advancers on both the NYSE and Nasdaq.
- The FSSTI fell 26.54pt to 5,683.37, on the back of weakness in OCBC, DBS and Singtel, with both mid-and smallcap indices falling with a broad market decline on S$1.81b turnover.
Technical Analysis
SIA Engineering (SIE SP)
- Trading Buy Range: S$3.15-3.16
DFI Retail Group (DFI SP)
- Trading Sell Range: US$3.27-3.28
Key Indices
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