many clients were asking me why STI fail to hit high when S&P, Hang Seng were rising last week.
Need to note the fact that Singapore PMI and other related figures are not positive. Hence numbers dragged STI index by a bit too.
Fyi
KEY HIGHLIGHTS
Strategy
Positioning Ahead Of A Potential Technical Recession
We analyse the relative performances of the various sectors vs that of the FSSTI during the previous four recessions.
At A Glance
Corporate
Global Yellow Pages: To buy Wendy's ice-cream supply chain firm.
OSIM: Taiwan pesticide issue overblown, says TWG Tea.
Yoma: Deciding as Myanmar JV partner plans exit.
Sector
Transport: Ministry to study car-sharing apps: Khaw.
Click on the link for details.
https://research.uobkayhian.com/content_download.jsp?id=30523&h=d613ca9ece1fec54ec026f15b9a000b2
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
