STOXX Asia/Pacific 600 Last Updated: 01.11.2017
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Singapore Supplementary Budget
Singapore Market Focus Singapore Supplementary Budget Refer to important disclosures at the end of this report DBS Group Research . Equity 27 Mar 2020 Unprecedented anti-viral boost STI : 2,487.56 • Dishing out total handouts of S$55bn, a whopping 11% of GDP • Significant cost savings of 4% cushions STI earnings decline to 5% for 2020F Analyst • Booster shot to Aviation-related, hospitality and retail sectors Janice CHUA +65 6682 3692; [email protected] • Key beneficiaries are SATS, SIA Engineering, Genting, Starhub, MINT, Kee Yan YEO, CMT +65 6682 3706; [email protected] UOB, OCBC Andy SIM, CFA +65 6682 3718; [email protected] Dipping into reserves for an unprecedented relief package. The Singapore Research Team; [email protected] government’s relief package of S$48bn is generous and timely, blowing market expectations. Including February’s Care and Share package of Key Indices S$6bn, the total handout of S$55bn represents an unprecedented 11% of Current % Chng GDP, and more than double the relief package of S$20.5bn dished out STI Index 2,487.56 -0.7% during the Global Financial Crisis. Aimed at saving jobs and supporting FS Small Cap Index 244.02 4.5% industries, this will cushion the recessionary impact as Singaporeans brave USD/SGD Curncy 1.43 -0.1% through this dark period. The impact is broad based, benefiting both Daily Volume (m) 445 consumers and corporates. Daily Turnover (S$m) 676 Lifeline for aviation-related and hospitality industries, which are directly hit Daily Turnover (US$m) 473 by COVID-19. The absence of tourists with several countries in lockdown Source: Bloomberg Finance L.P. -
Singapore's Selected Single Stocks
Exchange Partner Singapore’s Selected Single Stocks SSF Strategies On Lion City’s Blue Chips by Tariq Dennison, +852 9476 2868 © 2020 GFM Group Limited, https:://gfmasset.com Image source: https://www.pinterest.com/pin/162129655305421931/?autologin=true Disclaimer This presentation is for educational and discussion purposes only. Nothing in this presentation is to be taken as investment advice, nor as any recommendation to buy or sell any security or investment property or product. Please consult with GFM or your own investment advisors 1-on-1 before making any investment decisions. GFM does NOT provide any tax or legal advice. Tax strategies in this presentation are based on our experience and believed to be current, but please consult with your own tax advisor for tax advice specific to your situation. GFM Group Limited is an SFC Type 9 Licensed Asset Management firm and is not affiliated with any exchange, brokerage firm, or custodian, including the co-presenters of this seminar. GFM Asset Management LLC, an affiliated company, is a US SEC Registered Investment Advisor. Investing involves risks, including the risk that you may lose some or all the money you invest. GFM is not affiliated with Interactive Brokers LLC, or any other FINRA broker-dealer © 2020 GFM Group 2 Disclaimer by SGX This document/presentation has not been prepared by Singapore Exchange Limited (“SGX”) or any of its affiliates (SGX and its affiliates collectively, the “SGX Group Companies”) and the information in this document/presentation has not been verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the contents of this document/presentation. -
Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT -
Singapore Stock Pulse
Daily Focus Singapore Stock Pulse Refer to important disclosures at the end of each report DBS Equity Research 23 Jan 2019 Market Cap: US$37,268m | Average Daily Value: US$70.43m Yeo Kee Yan, CMT [email protected] Singapore Research Team Last Traded Price: S$29.99; Price Target: S$33.20 (Upside 10.7%) Sue LinResearch LIM / Rui CallWen Alert LIM Strong• 1Q18;Stock to keep watch: watch Frasers on Centrepoint dividends Trus aheadt: Hungry for more - raised target price to S$2.40 • 1Q18 earnings were in line; topline driven largely from higher NIM; lower trading gains Ideasoffset ofsome the revenues Day • ActionableCredit ideascosts by at our new analysts low ofbased 23bps, on macro, guidance industry at or20 corporate-25bps possibly developments towards the lower end; still some buffers noted under the Expected Credit Losses line for other assets Stocks to Watch Frasers Centrepoint Trust Keppel Infrastructure Trust Mapletree Logistics Trust • BUYPositive outlook ahead, toplineBUY growth supported by lowerBUY credit costs; dividends Last Traded Price: S$2.27 Last Traded Price: S$0.515 Last Traded Price: S$1.34 shouldPrice be Target sustainable (12-mth) at: S$2.40 S$1.00 perPrice year Target and (12 could-mth): headS$0.58 higher Price Target (12-mth): S$1.50 (Prev S$2.35) Upside 12.5% Upside: 11.7% • UpsideMaint: 5.5%ain BUY; TP at S$33.20 (1.5x FY18 BV); higher dividends and lower credit costsHungry are upside for more risks M&A activity drives interest Hitting new heights • 1Q19 DPU of 3.02 Scts • 4Q18 DPU of 0.93Scts • 3Q19 DPU of 2.00 Scts at a Read more..DBS(+0.7%) in Groupline Research. -
The State of 5G Trials
The State of Trials Courtesy of 5G Data Speeds Shows the highest claimed data speeds reached during 5G trials, where disclosed 36 Gb/s Etisalat 35.46 Gb/s Ooredoo 35 Gb/s M1 35 Gb/s StarHub 35 Gb/s Optus 20 Gb/s Telstra 20 Gb/s Vodafone UK 15 Gb/s Telia 14 Gb/s AT&T 12 Gb/s T-Mobile USA 11.29 Gb/s NTT DoCoMo 10 Gb/s Vodafone Turkey 10 Gb/s Verizon 10 Gb/s Orange France 9 Gb/s US Cellular 7 Gb/s SK Telecom 5.7 Gb/s SmartTone 5 Gb/s Vodafone Australia 4.5 Gb/s Sonera 4 Gb/s Sprint 2.3 Gb/s Korea Telecom 2.2 Gb/s C Spire 5G Trial Spectrum Shows the spectrum used by operators during 5G trials, where disclosed Telstra Optus NTTDoCoMo AT&T AT&T AT&T AT&T Verizon Vodafone Korea Vodafone Bell Vodafone StarHub UK Telecom Turkey Canada Turkey Sonera China SmarTone C Spire Verizon Mobile M1 Vodafone Sprint Korea Australia Telecom Optus Telia NTT DoCoMo Sprint Turkcell SK Telecom US Cellular T-Mobile USA Verizon US Cellular Verizon SUB 3 3.5 4.5 SUB 6 15 28 39 64 70 70-80 71-76 73 81-86 60-90 GHTZ Operator 5G Trials Shows the current state of 5G progress attained by operators Announced 5G trials Lab testing 5G Field testing 5G Operators that have announced timings of Operators that have announced Operators that have announced that they trials or publicly disclosed MoUs for trials that they have lab tested 5G have conducted 5G testing in the field Equipment Providers in 5G Trials Shows which equipment providers are involved in 5G trials with operators MTS T-Mobile USA SK Telekom Verizon Batelco Turkcell AT&T Bell Canada Sonera SmarTone Vodafone Orange BT Taiwan Germany Telia Mobile Telstra C Spire Vodafone US Cellular Vodafone Turkey M1 Australia MTS Ooredoo M1 NTT Docomo Optus Orange China StarHub Mobile Korea Telecom 5G trials with all five equipment providers Telefonica Deutsche Telekom Etisalat Telus Vodafone UK Viavi (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. -
Starhub's Service Specific Terms & Conditions Post-Paid Mobile Services
STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE PLANS, VALUE-ADDED SERVICES AND OTHERS STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE SERVICES TABLE OF CONTENTS SECTION A: POST-PAID MOBILE SERVICES ......................................................................................................................................... 4 1. Basic terms and conditions ...................................................................................................................................................... 4 2. BlackBerry® Plans .................................................................................................................................................................... 12 3. Mobile Data Plans .................................................................................................................................................................... 13 4. Mobile Voice Plans ................................................................................................................................................................... 13 4.1 XS/S/M/L/XL Plans .................................................................................................................................................... 25 4.2 Lite Plan ....................................................................................................................................................................... 26 4.3 HD Voice & HD Voice+ ........................................................................................................................................ -
DBS Bank Banks, the Positive Impact on NIM Is Likely to Roll in from 2H17
Singapore Market Focus Singapore Strategy Refer to important disclosures at the end of this report DBS Group Research . Equity 17 Mar 2017 STI : 3,163.52 Banking in on Fed rate hikes The Fed forecasts three rate hikes in 2017 and 2018, Analyst Analyst Janice CHUA +65 6682 3692 Yeo Kee Yan CMT +65 6682 3706 reassures on accommodative policy [email protected] [email protected] Favouring stocks with yield and net cash - Genting Derek TAN +65 6682 3716 Sue Lin LIM +65 8332 6843 Singapore, SGX, ComfortDelgro, Sheng Siong, [email protected] [email protected] China Aviation Oil, Singapore O&G, Sunningdale, Fu Key Indices Yu and OKP Current % Chng Expect banks to enjoy visible NIM uptick in 2H – STI Index 3,137.43 -0.2% pick UOB FS Small Cap Index 391.80 -0.4% USD/SGD Curncy 1.41 0.6% Buy property stocks on pullback - Frasers Daily Volume (m) 2,260 Centrepoint Limited and UOL Daily Turnover (S$m) 1,176 Daily Turnover (US$m) 834 Stay selective on S-REITs - Ascendas REIT, Croesus Source: Bloomberg Finance L.P. Retail Trust, Frasers Logistics & Industrial Trust, Keppel DC REIT and Mapletree Commercial Trust Market Key Data Fed’s hike in the price, reassures on accommodative policy. The (%) EPS Gth Div Yield Federal Reserve raised the Fed funds rate by 25bps to 1% last 2016 (5.0) 3.7 night and sounded off another two more this year, in line with 2017F 15.0 3.7 consensus expectations. Financial markets reacted with the yield 2018F 7.4 3.9 on 10-year US Treasury notes falling 9bps to 2.51%. -
09 Board of Directors
Board of Directors Simon Israel Chua Sock Koong • Non-executive and non-independent Director • Executive and non-independent Director • Chairman, Singtel Board • Member, Optus Advisory Committee • Chairman, Finance and Investment Committee • Date of appointment: Director on 12 October 2006 and Group Chief • Member, Corporate Governance and Nominations Committee Executive Offi cer (CEO) on 1 April 2007 • Member, Executive Resource and Compensation Committee • Last re-elected: 28 July 2017 • Member, Optus Advisory Committee • Number of directorships in listed companies (including Singtel): 2 • Date of appointment: Director on 4 July 2003 and Chairman on 29 July 2011 • Last re-elected: 29 July 2016 Ms Chua Sock Koong, 61, was appointed Group CEO • Number of directorships in listed companies (including Singtel): 3 on 1 April 2007. She has overall responsibility for the Group’s businesses. Mr Simon Israel, 66, is the Chairman of Singapore Sock Koong joined Singtel in June 1989 as Treasurer Post Limited and a Director of Fonterra Co- before becoming CFO in April 1999. She held the operative Group Limited and Stewardship Asia positions of Group CFO and CEO, International Centre CLG Limited. He is also a member of the from February 2006 to 12 October 2006, when she Governing Board of Lee Kuan Yew School of Public was appointed Deputy Group CEO. Policy and Westpac’s Asia Advisory Board. Simon is a former Director of CapitaLand Limited and Sock Koong sits on the boards of Bharti Airtel Stewardship Asia Centre Pte. Ltd. Limited, Bharti Telecom Limited, the Defence Science and Technology Agency, Cap Vista Pte Ltd Simon was an Executive Director and President of and key subsidiaries of the Singtel Group. -
How Has Trump Contracting Covid-19 Affected Markets?
SINGAPORE MARKET HOW HAS TRUMP CONTRACTING TRADING MATTERS SERIES: TRADING FLOWS COVID-19 AFFECTED MARKETS? An overview of the performance DIGITAL ENGAGEMENT TEAM of companies in the market 9 OCTOBER 2020 Straits Times Index Key Events Summary 200 Day MA 3,300 100 Day MA 2 Oct 50 Day MA 3,100 Stocks fall following Trump’s 2,900 positive virus test, but close off the 2,700 worst levels on stimulus hopes 5 Oct 2,500 Dow ends 465 09 Oct 2020: 2,300 points higher 2,532.96 after Trump cleared to leave 2,100 hospital after 3- Jan Feb Mar Apr May Jun Jul Aug Sep Oct 14 Oct night stay Singapore 3Q GDP Release Market Commentary 23 Oct • Straits Times Index current price caught between the 50 Day Moving Average (2,519.16) and 100 Day Singapore Sep Moving Average (2,573.17) CPI Release • Singapore’s GDP likely to contract at a slower pace in 3Q as stringent virus curbs were relaxed (09 Oct, Bloomberg) 30 Oct o Estimate -6.4% yoy for 3Q • CMT, CCT unit holders vote in favour of merger to SG Futures Roll form new REIT (30 Sep, The Straits Times) Date o Merger expected effective Oct 21. CCT's last day of trading expected Oct 16. • Wilmar's YKA listing to help fund 19 investment projects in China (07 Oct, The Business Times) 3 Nov o The IPO will raise 13.9b yuan (S$2.8b) US Presidential o Proposed listing slated to take place by mid- Elections Oct, subject to prevailing market conditions Data extractedfromBloomberg asof previous closing unlessotherwisestated Straits Times Index Components: Movers and Laggards TOP PERFORMING SINCE 05 OCTOBER 2020 LAST -
Annual Report 2018 Re-Imagining Olam
Strategy Report Olam International Annual Report 2018 Re-imagining Olam Offering tomorrow’s products and services Strategy Report Olam International Limited Annual Report 2018 olamgroup.com About this report Contents Strategy Report Strategy report This chapter offers narrative about our strategy, our 2 Our financial and performance and key market factors and trends. It can be performance highlights read independently as an 8 Chairman’s letter Executive Summary or as part of the full report. 10 Group CEO review 26 Our business model Governance Report This section gives detailed 28 Our strategy in action information about our rigorous governance framework and those 40 Group COO review responsible for ensuring it is 76 Manufactured Capital followed. Shareholder information is also held within this chapter. 80 Human Capital 85 Social Capital Financial Report 92 Natural Capital Our figures and respective notes are enclosed within this chapter. 101 Intellectual Capital It should be read in conjunction 104 Intangible Capital with the Strategy Report to give a balanced account of internal and Integrated Impact external factors. 108 Statement 111 Engaging stakeholders 114 Risk Management 118 General information Navigating the Strategy Report Our Value Chain Edible Nuts Confectionery Food Industrial Raw Commodity and Spices and Beverage Staples and Materials, Financial Ingredients Packaged Infrastructure Services Foods and Logistics Our Capitals Front cover image: At Olam Spices’ Innovation and Quality Centre in Fresno, California, USA, Hein Tran -
News Release
News Release To: Editor For immediate release Hongkong Land unveils BaseHall, its new premium food hall concept at Jardine House, set to revolutionise the F&B experience in the heart of Central BaseHall is a dynamic, digital-centric culinary destination designed to be the ultimate hangout with its diverse gourmet offerings, unparalleled energy and urban style HONG KONG, 15th June 2020 – Hongkong Land today celebrated the official opening of BaseHall, a first-of-its-kind food hall concept on the basement level of Jardine House. This latest development underscores Hongkong Land’s continuous commitment to enhance the value of its portfolio, and also champions the LANDMARK EATO ethos – the contemporary culinary concept bringing together the best of Hong Kong’s vibrant, world-class F&B scene, all at LANDMARK. “As the leading landlord in Hong Kong’s Central District, we constantly seek the next opportunity to elevate the Central community experience and ensure it continues to thrive as Asia’s most prestigious and dynamic city centre,” said Mr Robert Wong, Chief Executive of Hongkong Land. “The launch of BaseHall, together with CENTRICITY and BESPOKE salon, our tailor-made offerings for both corporate tenants and retail shoppers, is the latest example of Hongkong Land reinvesting into its portfolio to create innovative offerings crafted to meet the needs of today’s tenants and customers. These initiatives will strengthen the attractiveness of our high-quality office and retail space, and ensure Central continues to flourish as a vibrant community that our tenants and customers aspire to be part of.” Mr Raymond Chow, Executive Director of Hongkong Land, added: “BaseHall is core to our strategy for attracting younger customers while still catering to our existing loyal customer base. -
Stoxx® Singapore 75 Index
STOXX® SINGAPORE 75 INDEX Components1 Company Supersector Country Weight (%) Oversea-Chinese Banking Corp. Banks SG 10.52 DBS Group Holdings Ltd. Banks SG 8.74 Singapore Telecommunications L Telecommunications SG 8.24 United Overseas Bank Ltd. Banks SG 7.60 Jardine Matheson Holdings Ltd. Industrial Goods & Services SG 5.93 Wilmar International Ltd. Food & Beverage SG 3.38 Hongkong Land Holdings Ltd. Real Estate SG 3.04 Keppel Corp. Ltd. Oil & Gas SG 2.72 CapitaLand Ltd. Real Estate SG 2.47 Jardine Strategic Holdings Ltd Industrial Goods & Services SG 2.38 Thai Beverage PCL Food & Beverage SG 2.12 Singapore Exchange Ltd. Financial Services SG 2.00 Singapore Press Holdings Ltd. Media SG 1.99 ComfortDelGro Corp. Ltd. Travel & Leisure SG 1.97 Singapore Airlines Ltd. Travel & Leisure SG 1.92 GLOBAL LOGISTIC PROPS Real Estate SG 1.82 Jardine Cycle & Carriage Ltd. Retail SG 1.63 Ascendas Real Estate Investmen Real Estate SG 1.62 Singapore Technologies Enginee Industrial Goods & Services SG 1.52 CAPITALAND MALL TRUST MGMT Real Estate SG 1.51 Genting Singapore PLC Travel & Leisure SG 1.45 Suntec Real Estate Investment Real Estate SG 1.32 City Developments Ltd. Real Estate SG 1.13 UOL Group Ltd. Real Estate SG 0.99 CapitaLand Commercial Trust Real Estate SG 0.96 Golden Agri-Resources Ltd. Food & Beverage SG 0.91 SembCorp Industries Ltd. Oil & Gas SG 0.88 SINGAPORE POST Industrial Goods & Services SG 0.84 MAPLETREE CHINA COMMERCIAL TRU Real Estate SG 0.82 SATS Industrial Goods & Services SG 0.78 Dairy Farm International Holdi Retail SG 0.75 Noble Group Ltd.