Let the Money Talk

Welcome to the Let the Money Talk podcast. 

In this episode, one of our top Financial Services Director, Alvin Tan, explains why is asset allocation important to you and me?  

Listen to this podcast to learn more about deconstructing world-class tactics, tools and routines. 

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Ascott Residence Trust – Recovery and rebalancing.

We maintain our ACCUMULATErecommendation, raising our DDM-TP from S$1.19 to S$1.23 as we roll forward our estimates. ART remains our top pick in the sector owing to its mix of stable and growth revenue and geographical diversification.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Ascendas REIT – Leveraging scale for growth.

We reiterate our BUY recommendation, lowering our DDM-TP slightly from $3.65 to S$3.52. FY22-25e DPUs have dipped 2.1-4.9% after factoring in higher OPEX. Our DDM-based TP is lowered by 3.6% to S$3.52 due to lower DPUs and higher COE, which was raised from 6% to 6.12% after factoring in a higher risk-free rate. AREIT remains our top pick for the sector in view of its scale and diversification.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Manulife US REIT's leasing recovery overpowered by occupancy loss.

We upgrade our recommendation from Accumulate to BUY, raising the target price from US$0.84 to US$0.86 as we roll forward our DPU estimates, incorporating a new financial year. The US office market appears to be at an inflection point, showing improvement in net effective rents, longer lease tenures signed, declining subleasing and more positive rental outlook.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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Singapore stocks ended the day lower on Tuesday amid escalating tensions between Russia and Ukraine. The benchmark Straits Times Index, or STI, was a sea of red as all 30 of its constituents either fell or ended flat, closing 1 per cent or 35.78 points lower to hit a 1-week low of 3,400.58. Elsewhere, major indices in Japan, Hong Kong and South Korea closed with deeper losses of between 1.4 per cent and 2.7 per cent.

Wall Street stocks fell sharply on Tuesday after US President Joe Biden announced new sanctions on Russia following its latest escalations in the Ukraine crisis. Biden, in a White House address, said the penalties on Russia would go "far beyond" existing sanctions and include moves to cut the country off from Western financing by targeting Moscow's sovereign debt. The Dow Jones Industrial Average finished down 1.4 per cent, or about 480 points, at 33,596.61. The broad-based S&P 500 dropped 1.0 per cent to 4,304.76, while the tech-rich Nasdaq Composite Index slid 1.2 per cent to 13,381.52.

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Singapore stocks ended the day slightly higher on Monday, bucking the regional trend on the first trading day after the government rolled out another expansionary Budget. The benchmark Straits Times Index climbed much of the day to close 0.2 per cent or 7.46 points higher at 3,436.36.

European shares dropped to a four-month low on Monday, with auto and technology stocks leading the losses after comments from the Kremlin quelled hopes of a resolution to Europe's biggest military crisis in decades. The pan-European Stoxx 600 slid 1.3 per cent to its lowest level since October over concerning headlines related to the Russia-Ukraine conflict. The technology sub-index shed 2.6 per cent to its lowest since March last year and marked a fourth straight day of losses. The sector, along with the European benchmark, has spent seven of eight weeks in negative territory so far this year.

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Singapore shares closed lower on Friday (Feb 18), amid mixed trading in regional markets as investors continued to keep an eye on geopolitical tensions in Ukraine. The Straits Times Index (STI) fell 0.4 per cent or 12.67 points to close at 3,428.90. The market barometer was little changed over the week, down just 0.05 points. Across the broader market, gainers outnumbered losers 259 to 226 after 1.3 billion securities worth S$1.2 billion changed hands.

The ongoing standoff between Russia and Ukraine as well solidifying expectations of a Federal Reserve rate increase next month, sent US stock indices closing lower on Friday. Wall Street also is bracing for the Federal Reserve to launch a series of increases in the benchmark lending rate. The benchmark Dow Jones Industrial Average ended 0.7 per cent lower at 34,079.18, and the broad-based S&P 500 also fell 0.7 per cent to 4,348.87. The tech-rich Nasdaq Composite Index lost 1.2 per cent to end at 13,548.07.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Vivian Ye, reports Koda Limited 1H22 results which is below expectations, due to lower-than-expected manufacturing sales, caused by suspension of manufacturing operations in Vietnam and Malaysia.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Timothy Ang, discusses the report on Amazon Incorporation 4Q21 Results.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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