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How Has Trump Contracting Covid-19 Affected Markets?

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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$2.8b) US Presidential o Proposed listing slated to take place by mid- Elections Oct, subject to prevailing market conditions Data extractedfromBloomberg asof previous closing unlessotherwisestated Straits Times Index Components: Movers and Laggards TOP PERFORMING SINCE 05 OCTOBER 2020 LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%) JARDINE MATHESON HLDGS LTD 7.57% -53.97% WILMAR INTERNATIONAL LTD 5.01% -35.69% JARDINE STRATEGIC HLDGS LTD 4.96% -27.70% SATS LTD 4.39% -10.00% VENTURE CORP LTD 4.16% -23.30% DBS GROUP HOLDINGS LTD 3.34% 5.49% GENTING SINGAPORE LTD 2.21% -25.60% COMFORTDELGRO CORP LTD 2.11% -5.42% CAPITALAND MALL TRUST 2.09% -19.38% KEPPEL CORP LTD 2.05% -38.18% WORST PERFORMING SINCE 05 OCTOBER 2020 LAST TRADED VOLUME VS COUNTER TOTAL PRICE CHANGE (%) 30D AVG (%) ASCENDAS REAL ESTATE INV TRT -1.84% -45.95% MAPLETREE COMMERCIAL TRUST -1.52% -39.30% YANGZIJIANG SHIPBUILDING -1.02% 26.46% THAI BEVERAGE PCL -0.84% -50.23% DAIRY FARM INTL HLDGS LTD -0.77% 4.22% MAPLETREE LOGISTICS TRUST -0.49% -52.80% SINGAPORE EXCHANGE LTD -0.44% -29.32% UOL GROUP LTD -0.29% -41.37% OVERSEA-CHINESE BANKING 0.12% -39.91% CORP UNITED OVERSEAS BANK LTD 0.21% -32.78% Data extractedfromBloomberg asof previous closing unlessotherwisestated Overnight Flows Summary: As of 09 October 2020 TOP 10 MOST ACTIVE SECURITIES BY TRADED VALUE TRADED VALUE COUNTER LAST PRICE PRICE CHANGE (%) ($’000s) 1 DBS GROUP HOLDINGS LTD 21.05 0.14% 93,913 2 SUNTEC REIT 1.42 -3.40% 44,037 3 UNITED OVERSEAS BANK LTD 19.45 -0.41% 34,181 4 CAPITALAND RETAIL CHINA TRUS 1.26 5.00% 32,591 5 WILMAR INTERNATIONAL LTD 4.61 0.66% 32,277 6 SINGAPORE TELECOMMUNICATIONS 2.17 0.93% 26,094 7 OVERSEA-CHINESE BANKING CORP 8.59 -0.23% 24,298 8 CAPITALAND MALL TRUST 1.95 -0.51% 22,391 9 YANGZIJIANG SHIPBUILDING 0.98 -1.52% 19,906 10 SINGAPORE EXCHANGE LTD 9.07 -0.33% 18,965 STOCKS HITTING 52 WEEKS HIGHS COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK HIGH 1 NIL STOCKS HITTING 52 WEEKS LOWS COUNTER LAST PRICE PRICE CHANGE (%) 52 WEEK LOW 1 NIL Stocks have been filtered to show only those >SG$500m in market capitalisation. Figures as of previous closing Data extractedfromBloomberg asof previous closing unlessotherwisestated Straits Times Index Components Summary Analysts Upside/Downside Consensus from Analyst Counter Price RSI Latest Dividend Ex Date 12M Target Consensus Price (%) ASCENDAS REAL ESTATE INV TRT 3.20 43.46 0.0727 30/7/2020 3.646 13.95% CAPITALAND COMMERCIAL TRUST 1.66 49.90 N/A 19/10/2020 1.885 13.58% CAPITALAND LTD 2.78 61.90 0.12 7/7/2020 3.707 33.34% CAPITALAND MALL TRUST 1.95 49.95 N/A 19/10/2020 2.303 18.10% CITY DEVELOPMENTS LTD 7.75 46.00 0.08 3/7/2020 10.381 33.95% COMFORTDELGRO CORP LTD 1.45 52.10 N/A 20/8/2020 1.763 21.55% DAIRY FARM INTL HLDGS LTD 3.88 48.25 0.05 20/8/2020 4.886 25.93% DBS GROUP HOLDINGS LTD 21.05 64.24 0.18 14/8/2020 22.992 9.23% GENTING SINGAPORE LTD 0.695 58.17 0.025 10/6/2020 0.762 9.62% HONGKONG LAND HOLDINGS LTD 3.76 55.36 0.06 20/8/2020 5.198 38.25% JARDINE CYCLE & CARRIAGE LTD 18.19 51.48 0.09 1/9/2020 24.175 32.90% JARDINE MATHESON HLDGS LTD 42.93 63.59 0.44 20/8/2020 44.759 4.26% JARDINE STRATEGIC HLDGS LTD 21.15 65.31 0.105 20/8/2020 29.667 40.27% KEPPEL CORP LTD 4.49 53.67 0.03 7/8/2020 5.726 27.54% MAPLETREE COMMERCIAL TRUST 1.95 51.24 0.0091 29/4/2020 2.112 8.28% MAPLETREE INDUSTRIAL TRUST 3.27 57.04 0.029 30/6/2020 3.161 -3.33% MAPLETREE LOGISTICS TRUST 2.05 51.91 0.02045 27/7/2020 2.093 2.11% OVERSEA-CHINESE BANKING CORP 8.59 53.13 0.159 21/8/2020 9.813 14.23% SATS LTD 3.09 70.70 N/A 29/7/2020 3.071 -0.61% SEMBCORP INDUSTRIES LTD 1.33 67.67 0.03 26/5/2020 1.721 29.41% SINGAPORE AIRLINES LTD 3.51 53.18 N/A 29/7/2020 3.438 -2.07% SINGAPORE EXCHANGE LTD 9.07 61.92 0.08 1/10/2020 8.802 -2.95% SINGAPORE TECH ENGINEERING 3.59 69.36 0.05 21/8/2020 3.776 5.17% SINGAPORE TELECOMMUNICATIONS 2.17 39.49 0.0545 4/8/2020 3.003 38.37% THAI BEVERAGE PCL 0.590 46.43 0.1 27/5/2020 0.797 35.13% UNITED OVERSEAS BANK LTD 19.45 54.48 0.39 26/8/2020 21.871 12.45% UOL GROUP LTD 6.76 56.77 0.175 17/6/2020 8.010 18.49% VENTURE CORP LTD 20.28 68.54 0.25 4/9/2020 20.255 -0.12% WILMAR INTERNATIONAL LTD 4.61 63.59 0.04 18/8/2020 5.126 11.18% YANGZIJIANG SHIPBUILDING 0.975 56.21 0.045 13/5/2020 1.206 23.72% Data extractedfromBloomberg asof previous closing unlessotherwisestated Upcoming Economic, Trading and Earnings Calendar Monday, 12 Oct 1. Institute of International Finance holds its annual membership meeting; BOJ Governor Haruhiko Kuroda is among speakers; live-streamed, through Oct. 16 2. ECB President Christine Lagarde leads off virtual annual meetings of the International Monetary Fund and the World Bank Group; through Oct. 18 Tuesday, 13 Oct 1. Indonesia Monetary Policy and Governor Warjiyo briefing 2. China Sept. Trade 3. U.S. Sept. CPI, Small Business Optimism; Monthly Budget Statement (until Oct. 16) 4. The IMF/World Bank Meetings continue 13 to 14 October 5. IMF World Economic Outlook is published 6. Earnings include Wipro, Toho, Izumi, J Front Retailing, Sansan 7. Earnings outside of Asia include JPMorgan, Citigroup, BlackRock, New Oriental Education, Fastenal Wednesday, 14 Oct 1. Singapore Monetary Authority of Singapore Policy Statement; 3Q GDP 2. Bank of Korea Monetary Policy 3. Hong Kong Chief Executive Carrie Lam delivers the annual policy address 4. Apple reveals four new iPhones at its latest product launch featuring 5G, upgraded cameras and a wider range of screen sizes 5. Earnings include Infosys, Nomura Real Estate Master Fund, Bank of Queensland, Hulic Reit 6. Earnings outside of Asia include Bank of America, Goldman Sachs, ASML Holding, UnitedHealth Group, Wells Fargo Thursday, 15 Oct 1. China Sept. PPI, CPI 2. U.S. Sept. Import Price Index; Oct. 3 Continuing Claims; Oct 10 Initial Jobless Claims; Oct. 11 Bloomberg Consumer Comfort; Oct. Philadelphia Fed Business Outlook, Empire Manufacturing 3. Earnings include Taiwan Semiconductor, Fast Retailing, Mindtree, LaSalle Logiport REIT, Demae- Can 4. Earnings outside of Asia include Morgan Stanley, Intuitive Surgical, Truist Financial, Walgreens Boots Alliance, Kinnevik Friday, 16 Oct 1. U.S. Sept. Capacity Utilization, Retail Sales, Industrial Production; Oct. University of Michigan Sentiment 2. Earnings include HCL Technologies, DiGi.Com, Daiwa House REIT Investment, Japan Retail Fund Investment, Total Access Communication 3. Earnings outside of Asia include Bank of New York Mellon, VF Corp, Sandvik, Schlumberger, State Street Data extractedfromBloomberg asof previous closing unlessotherwisestated Market Closure Calendar Date Markets Monday, 12 Oct Nil Tuesday, 13 Oct Thailand Wednesday, 14 Oct Nil Thursday, 15 Oct Nil Friday, 16 Oct Nil Data extractedfromBloomberg asof previous closing unlessotherwisestated Disclaimer The information provided herein is a compilation or summary of materials and data based from external sources available to OCBC Securities Private Limited (“OSPL”), and does not represent OSPL’s view on the matters mentioned. Whilst we have taken all reasonable care to ensure that the information contained in this publication is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness, and you should not act on it without first independently verifying its contents.
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