Market Insights 1H23
Join us at our upcoming Market Insights via webinars as our analysts share their incisive views on the market overview and outlook, to help you navigate the uncertain times ahead!
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SG Market Outlook: What To Watch In 2023 + Identifying Gems Amid An Uncertain Environment
30 Jan 2023 | Monday | 6.30pm – 7.30pm
2022 has been a difficult year with global equity and bond markets closely correlated. Being a defensive market, Singapore has fared well. With a recession potentially looming in 2023, is it already priced in? We will look at what are the stocks investors should be holding in Singapore.
Three of our latest top picks - UMS, Food Empire and Civmec, have seen lacklustre share price performance. Market sentiment continues to be weak as the US Fed remains hawkish. However, the relaxation of China's zero-COVID policy offers some light at the end of the tunnel for future global economic growth.
We believe that the market sentiment could remain weak until the US Fed reduces its hawkish stance. Hence, it is important to be selective on good quality stocks.
Speaker's Profile
Adrian comes with over 20 years' experience in equities research. Prior to joining UOB Kay Hian, he was in corporate advisory and completed over US$50 million in capital raising projects for SMEs in a diverse range of industries.
John is a ranked analyst in the healthcare and small-cap sectors in the Asiamoney Brokers Poll. Prior to joining UOB Kay Hian, he spent 7 years in Maybank covering a wide range of sectors including healthcare, manufacturing, logistics and small caps.
Are Banks' Dividends On The Rise & Will S-REITs Remain Resilient? + Unveiling HK Market Opportunities
31 Jan 2023 | Tuesday | 6.30pm – 7.30pm
We expect US Fed Funds Rate to peak at 5% in May 23 but remains elevated in 2H23.
Singapore Banks benefit from the full-year impact of higher interest rates and NIM expansion in 2023. We expect DBS and OCBC to increase DPS by 22% and 7% respectively to S$1.76 and S$0.60 and provide attractive 2023 dividend yields.
S-REITs have suffered the brunt of steep rate hikes in 2022. The recent easing of inflationary pressure brings relief for S-REITs. We will assess the abilities of S-REITs to weather the new regime of higher interest rates that are bound to stay higher for longer.
2023 will provide good trading opportunities with the reopening of China’s economy. As the market has yet to reach a consensus on the outlook of rate hike cycles and facing the risks of recession, how should investors draw up their investment plans to gain opportunities?
Speaker's Profile
Jonathan has 24 years of experience in equity research and fund management. He was ranked by the Asiamoney Brokers Poll as the No. 2 Best Analyst for Telecommunication Services in Singapore in 2017 and No. 3 Overall Earnings Estimator for Singapore in 2012 in the Thomson Reuters Analyst Awards.
Curtis focuses on the research on Hong Kong stocks. He is a CFA charterholder and has years of experience in equity trading and research. Prior to joining UOB Kay Hian, he was engaged in leading equity research at CMB Wing Lung Bank.
Looking Past A US Recession + Continued Recovery Amid Macro Uncertainties
6 Feb 2023 | Monday | 6.30pm – 7.30pm
A US recession is looming. Last year, defensive stocks outperformed growth stocks significantly. Is the stock market already pricing in a recession? Financial markets have a way of looking ahead. Will equities start to price an economic expansion when a recession starts?
The strong air travel demand released by Singapore's reopening is pushing SIA's FY23 net profit to a record level not seen in the past decade. This has also lifted the outlook for all the downstream aviation service providers. Heading into FY24, the expected reopening of China are likely to provide some support to the financial performance of the Singapore Aviation sector. However, macroeconomic uncertainties from a global recession and unique challenges for aviation service providers still exists. Against this backdrop, what is the outlook for Singapore aviation sector and are airline stocks a good investment right now?
Speaker's Profile
Paul is the strategist of UOB Kay Hian Wealth Management. He has 35 years' investment experience in the capital markets and commodities and has held positions in the UK, Geneva, Singapore and the US for the world’s largest commodities trading firm.
Roy is a Senior Equity Analyst covering the regional aviation sector. He has 10 years’ experience as an investment professional, including 7 years in equity research and 3 years in the corporate development (M&A and Strategy) function of an SGX-listed transportation conglomerate
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