Excerpts from DBS report

Earnings watch
We think investors will fall back on corporate earnings as the 4Q results season unfolds amid developing market uncertainties.

COVID-19 beneficiaries such as supermarket player Sheng Siong and PPE manufacturers Riverstone and Medtecs should continue to post good earnings as borders remain close and virus resurgence in many countries continues to drive demand for PPEs.

iFast will ride on the strong growth in AUA, as well as earnings upside from the new eMPF project from Hong Kong.


DBS earningswatch2.21


Medtecs PPErange

Singapore’s stronger-than-expected December electronics exports growth of 13.7% y-o-y should underpin earnings expectation of technology stocks.

Names such as AEM should continue to ride on the strength of the semiconductor sector.

We look at China Aviation Oil (CAO) and HPH Trust to deliver earnings recovery.

CAO’s 2H20 earnings is poised for a strong rebound, led by key associate SPIA as traffic at Shanghai Pudong International Airport has bounced on firm domestic air travel.

Overall throughput has picked up firmly since June 2020 and HPH Trust is on track for a strong 2H20.

Container volumes at Yantian port rose by 27% y-o-y in October while Kwai-Tsing port also posted 3% growth.

Full report here. 

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Counter NameLastChange
AEM Holdings1.850-0.010
Best World2.480-0.020
Boustead Singapore0.9550.005
Broadway Ind0.1570.009
China Aviation Oil (S)0.870-
China Sunsine0.400-
ComfortDelGro1.3900.010
Delfi Limited0.875-
Food Empire1.110-
Fortress Minerals0.295-
Geo Energy Res0.305-
Hong Leong Finance2.440-
Hongkong Land (USD)3.450-0.050
InnoTek0.5150.005
ISDN Holdings0.305-
ISOTeam0.049-0.001
IX Biopharma0.0420.002
KSH Holdings0.250-
Leader Env0.049-
Ley Choon0.0560.002
Marco Polo Marine0.0680.001
Mermaid Maritime0.1390.001
Nordic Group0.300-0.005
Oxley Holdings0.0880.001
REX International0.125-0.001
Riverstone0.925-0.005
Southern Alliance Mining0.485-
Straco Corp.0.480-
Sunpower Group0.220-
The Trendlines0.0640.001
Totm Technologies0.019-0.001
Uni-Asia Group0.800-0.010
Wilmar Intl3.1400.010
Yangzijiang Shipbldg1.7500.010
 

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