SGX Stocks To Watch Next Week

Market Wrap Up

Singapore Straits Times Index (^STI) saw good recovery to end the week on positive note. Index open lower on Friday just below 3000 mark but finished day end with 46.4 points gains or 1.54 in percentage terms.

Asian Market also opened on weak note on Friday tracking cues from US where Dow fell more than -2.83% fueled by news of Apple Revenue cut. Technology stocks were worst performer.

Major contributor in STI recovery lead by heavy weights like JMH USD, Jardine C&C, Thai Bev which gain more than 2%.

Advance to Decline ratio stood at 209 to 110 while 526 remains unchanged.

All local banks like DBS up 0.87 per cent to $23.29, United Overseas Bank adding 1.63 per cent to $24.38 and OCBC Bank putting on 1.27 per cent to $11.17.

Sector specific index like FTSE ST Industrials Index was up 12.73 at 735.560, Real Estate Index up 11.490 at 738.370, FTSE ST Midcap Index up 8.13 points at 689.240.

Stock with last week’s trading activity and key announcements will remains in focus next week as below:

 

SILVERLAKE AXIS LTD (Code: 5CP)


Company Overview

Silverlake Axis creates technologies to enable the Digital Economy. Founded in 1989, Silverlake Axis has built an impeccable track record of successful core banking implementations. After years of successes across the region, Silverlake Axis was listed on Singapore’s Stock Exchange (SGX) SESDAQ in 2003 and moved up to SGX Mainboard in 2011.

Latest News

QR Retail Automation (Asia) Sdn. Silverlake retail automation subsidiary of Silverlake Axis Ltd, has signed a software and services contract with AEON Vietnam.

Over the first six months of 2019 financial year, Silverlake Axis won eight contracts to deliver digital economy solutions to existing customers

Outlook

SilverAxis closed near 0.425 on Friday. Next week it can trade in range of 0.405 to 0.440 with positive bias.

 

SPH REIT (Code: SK6U)


Company Overview

SPH REIT aims to be a premier retail real estate investment trust in Singapore and Asia Pacific, with a portfolio of quality income-producing retail properties.

Latest News

SPH Reit has declared a distribution per unit (DPU) of SGD 0.0134 for the first quarter, same as last year. Dividend per unit paid on Feb 15. Record date declared is 14/01/2019.

Outlook

Based on previous week trading stock trading in range of 1 to 1.02. Stock with good DPU track record ideal for passive investor with stable income. Trading with positive bias above 1.02 can lead stock to 1.05 and major support comes at 1.00

 

JARDINE Cycle & Carriage (JCC)


Company Overview

Jardine Cycle and Carriage Limited is a Singaporean diversified conglomerate. Singapore’s 16th largest publicly listed company by market capitalization. It was renamed from Cycle and Carriage following its integration into the Jardine Matheson Group.

Latest News

Investment Bank has initiated coverage on stock with buy rating. Company has major exposure to South-east Asian economies and diversified industries with 50.1 per cent in Astra International, the largest independent automotive group in South-east Asia (Source Business Times).

Outlook

It trade in price range of 34.60 to 36.05. Stock was major contributor in last week recovery can rise further above 36.5.

 

SINGAPORE AIRLINES LTD (Code: C6L)


Company Overview

Singapore Airlines Limited is engaged in passenger and cargo air transportation, engineering services, training of pilots, air charters and tour wholesaling and related activities. The Company’s segments include airline operations, engineering services, cargo operations and others.

Latest News

Singapore Airlines has been named in top 20 safest airlines in the world for 2019, according to airline safety and product rating review by AirlineRatings.com (source SPH)

Outlook

Rise in crude oil also has negative impact as ATF price also increases with slower global growth decreases passenger travel ratio. Stock trade in price range of 9.14 to 9.48 with major support comes at 9.14.If price able to sustain above this level can take stock to 9.62.

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