KGI Securities Singapore

2021-09-17 03:45:09 TRADING IDEAS: HONG KONG
17 September 2021

Xtep International Holdings Limited (1368 HK): A relatively safe sector amidst full-blown crackdowns
BUY Entry – 12.3 Target – 14.5 Stop Loss – 11.2

Hua Hong Semiconductor Ltd (1347 HK): A quality semicon play amid weak market sentiment
Buy Entry – 39 Target – 45 Stop Loss – 37


Read More: https://www.kgieworld.sg/research/17sephk
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@kgisg Open / Comment

2021-09-17 03:30:10 TRADING IDEAS: SINGAPORE
17 September 2021

China Sunsine Chemical (CSSC SP): Strong fundamentals to buffer upcoming price tailwinds
BUY Entry – 0.50 Target – 0.68 Stop Loss – 0.46

Rex International (REXI SP): Pure play on higher oil prices
BUY Entry – 0.20 Target – 0.33 Stop Loss – 0.18


Read More: https://www.kgieworld.sg/research/17sepsg
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@kgisg Open / Comment

2021-09-16 03:50:01 Top Stories, 16 September 2021

1. Oil prices jump over $2/bbl after drawdown in U.S. stocks
https://www.kgieworld.sg/research/e3xw

2. Ethereum's recent price rally has driven investor interest in derivatives tied to the native cryptocurrency of blockchain. Open positions in ether futures rose to $11.6 billion last week, surpassing the previous peak of $11.25 million reached on 11 May 2021.
Find out more:
https://www.kgieworld.sg/futures/cme-ether

3. USD/JPY consolidates below 109.50 ahead of US retail sales
https://www.kgieworld.sg/research/mt55

4. China's Ban on Australian Coal Reshapes Key Dry Bulk Market
https://www.kgieworld.sg/research/g04d

5. Macau casinos see $24 billion wipeout as China tightens grip
https://www.kgieworld.sg/research/k79b

6. Cathie Wood Bets Big on These 2 “Strong Buy” Stocks
https://www.kgieworld.sg/research/vbjl
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@kgisg Open / Comment

2021-09-16 03:45:04 Here's What's Hot Today in Hong Kong
16 September 2021

Xinjiang Goldwind Science & Tech (2208 HK), Shanghai Electric Group Co Ltd (2727 HK) shares rose 8.6% and 5.9% respectively. Power equipment stocks rose collectively as Xi Jinping stressed a green and low-carbon development path for the country’s energy industry.

Sands China (1928 HK), Galaxy Entertainment Group (0027 HK). Gaming sector shares plummeted yesterday, with large cap stocks Sands China and Galaxy Entertainment declining 32.5% and 20.0% respectively.

China Evergrande Group (3333 HK) shares declined 5.4% yesterday, extending its losses over the last few months after the company announced liquidity and debt issues.

Read more: https://www.kgieworld.sg/research/16sephk
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@kgisg Open / Comment

2021-09-16 03:34:00 Here's What's Hot Today in SG
16 September 2021

Frencken Group (FRKN SP) shares surged 6.9% after UOB Kay Hian maintained their BUY call on the company and raised TP to $2.62.

iFAST (IFAST SP) shares rose 6.45% on Wednesday. In a response to a SGX query regarding unusual stock movement, the company cited its announcement on 31 July regarding the finalization of a prime subcontractor contract for a Hong Kong pension project.

Genting Singapore (GENS SP) stocks fell 1.3% following news Macau unveiling plans for a crackdown that would tighten their grip on the industry.

Spackman Entertainment (SEG SP) shares rose 50% in early morning trading yesterday before closing flat, after the company announced that it was selling its entire Zip Cinema business to Kakao Corp for S$19.8 million.

Grand Venture Technology (GVTL SP) rose 4.72% higher after the company announced on Tuesday the completion of the proposed placement of new shares.

Read more: https://www.kgieworld.sg/research/16sepsg
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@kgisg Open / Comment

2021-09-15 08:20:09 Results Update: China Sunsine Chemicals (CSSC SP)
15 September 2021
Strong fundamentals to buffer upcoming price tailwinds

Sunsine’s improving profit margins were in line with the buoyant rubber chemicals sector.

Average selling price (ASP) could fall in 2H21 as macro conditions will not be as favourable as in 1H21.

Capacity ramp-up in insoluble sulphur and anti-oxidant with a respective 30,000 tonnes each will offset the selling price correction.

We maintain OUTPERFORM with an unchanged TP of $0.68 as we expect the increase in sales volume in FY22 and FY23 to offset the downswing in ASPs.


Read More:
https://www.kgieworld.sg/research/china-sunsine-chemicals/
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@kgisg Open / Comment

2021-09-15 03:50:01 Top Stories, 15 September 2021

1. Iron ore hits 10-month low as China heaps pressure on steel mills
https://www.kgieworld.sg/research/zy1a

2. Ethereum's recent price rally has driven investor interest in derivatives tied to the native cryptocurrency of blockchain. Open positions in ether futures rose to $11.6 billion last week, surpassing the previous peak of $11.25 million reached on 11 May 2021.
Find out more:
https://www.kgieworld.sg/futures/cme-ether

3. AUD/USD Price Analysis: Drops towards 0.7300 even as sellers flirt with 20-DMA
https://www.kgieworld.sg/research/hfmi

4. Infographic: Sky’s the limit? Global gas prices on stellar rally
https://www.kgieworld.sg/research/5fvr

5. Global markets edge lower as U.S. inflation data raises more questions
https://www.kgieworld.sg/research/zmk2

6. Singapore to boost stock market with Temasek fund
https://www.kgieworld.sg/research/16bp
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@kgisg Open / Comment

2021-09-15 03:45:02 TRADING IDEAS: HONG KONG
15 September 2021

Hua Hong Semiconductor Ltd (1347 HK): A quality semicon play amid weak market sentiment
Buy Entry – 39 Target – 45 Stop Loss – 37

TRIP.COM (9961 HK): Seasonal trade based on the upcoming holiday
Reiterate BUY Entry – 210 Target – 250 Stop Loss – 190


Read More: https://www.kgieworld.sg/research/15sephk
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@kgisg Open / Comment

2021-09-15 03:30:00 TRADING IDEAS: SINGAPORE
15 September 2021

Rex International (REXI SP): Pure play on higher oil prices
BUY Entry – 0.20 Target – 0.33 Stop Loss – 0.18

Singtel (ST SP): Finally turning around
BUY Entry – 2.38 Target –2.60 Stop Loss – 2.28


Read More: https://www.kgieworld.sg/research/15sepsg
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@kgisg Open / Comment

2021-09-14 16:00:00 Watch Now: KGI’s Call For The Day

Meme stocks

@kgisg Open / Comment