KGI Securities Singapore

2021-09-07 03:45:03 Here's What's Hot Today in Hong Kong
7 September 2021

China Evergrande New Energy Vehicle Group Ltd (708 HK) shares rose by 14.6% yesterday, resulting in an approximately 44% gain over the past 5 trading days.

China Everbright Environment Group Ltd (257 HK) shares jumped 14% yesterday and closed at a 52-week high.

Legend Holdings Corporation (3396 HK) shares rose 13.4% yesterday and closed at 52-week high after CICC upgraded Legend Holdings to OUTPERFORM and raised its TP to HK$16.

Hangzhou Tigermed Consulting Co Ltd (3347 HK). Stocks of the biggest listing in 2021 by an Asian healthcare provider rose 9.88% yesterday. The company previously reported 2021 Interim Results for the six months ended 30 June 2021 with strong financial growth.

China Energy Engineering Corporation Ltd (3996 HK) shares surged 12.33%, gaining approximately 46% in the last week.


Read more: https://www.kgieworld.sg/research/7sephk
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@kgisg Open / Comment

2021-09-07 03:30:01 Here's What's Hot Today in SG
7 September 2021

King Wan Corporation Ltd (KWAN SP) shares surged by 30.6% yesterday, bringing total gains over the past 4 trading days to approximately 242%.

Grand Venture Technology Ltd (GVTL SP), ISDN Holdings Ltd (ISDN SP) shares rose 8% yesterday closing at an all-time high and 4.7% respectively. The rise in share price is most likely due to a spillover effect from semiconductor related stocks such as ASML, which traded at all-time highs yesterday.

Samudera Shipping Line Ltd (SAMU SP) shares rose 7.21%. The stock is now trading at a new 52-week high of $0.595.

Sunpower Group Ltd (SPWG SP) shares rose by 7.03%, gaining approximately 9.6% in the past week.


Read more: https://www.kgieworld.sg/research/7sepsg
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@kgisg Open / Comment

2021-09-06 04:05:01 Top Stories, 6 September 2021

1. Gold Price Forecast: XAU/USD takes out $1,831 on a weaker US dollar
https://www.kgieworld.sg/research/4fyt

2. CME’s CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world.
Find out more about emissions trading:
https://www.kgieworld.sg/futures/carbon-offset-futures

3. AUD rallies to the highest level since mid-July
https://www.kgieworld.sg/research/nvty

4. Asia markets mixed following big miss in U.S. jobs data
https://www.kgieworld.sg/research/4rwn

5. Back-to-school may lift U.S. retail shares after recent lull
https://www.kgieworld.sg/research/l7v9

6. JD.com Unit to Take Over China Logistics in $2.1 Billion Deal
https://www.kgieworld.sg/research/jwzo
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@kgisg Open / Comment

2021-09-06 03:45:01 TRADING IDEAS: HONG KONG
6 September 2021

Zoomlion Heavy Industry Science And Technology (1157 HK): Infrastructure plays never die
Buy Entry – 7.6 Target – 9.2 Stop Loss – 6.8

KWG Living Group Holdings Ltd (3913 HK): Robust fundamentals and outlook
Re-iterate BUY Entry – 6.2 Target – 7 Stop Loss – 5.8


Read More: https://www.kgieworld.sg/research/6sephk
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@kgisg Open / Comment

2021-09-06 03:30:02 TRADING IDEAS: SINGAPORE
6 September 2021

ISDN (ISDN SP): Accelerating the pace of industrial automation
BUY Entry – 0.63 Target –0.85 Stop Loss – 0.56

Sunpower Group (SPWG SP): A purer play on clean energy going forward
Re-iterate BUY Entry – 0.60 Target –1.22 Stop Loss – 0.52



Read More: https://www.kgieworld.sg/research/6sepsg
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@kgisg Open / Comment

2021-09-03 13:00:02 Upcoming Holidays


United States
Labour Day: 6 September 2021
劳动节 ： 9月6日 （ 周一）


September 2021 Holidays & Trading Hours
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@kgisg Open / Comment

2021-09-03 09:45:01 Company Update: Sunpower Group (SPWG SP), 3 September 2021
A purer play on clean energy going forward

The disposal of the M&S business for RMB2.29bn has been completed, with two tranches of special dividend of S$0.1406 a share and S$0.1006 a share paid out in June and July.

New capacity from Tongshan P1, Shantou P2, Xintai Zhengda and Shanxi Xinjiang plants are expected to complete construction in 2021/early 2022 and contribute to the group next year.

We maintain our OUTPERFORM recommendation with an unchanged target price of $$1.22 based on the discounted cash flows of each project.



Read More: https://www.kgieworld.sg/research/sunpower-group/
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@kgisg Open / Comment

2021-09-03 03:45:05 TRADING IDEAS: HONG KONG
3 September 2021

KWG Living Group Holdings Ltd (3913 HK): Robust fundamentals and outlook
BUY Entry – 6.2 Target – 7 Stop Loss – 5.8

Sunny Optical Technology (Group) Co. Ltd (2382HK): Riding on a new iPhone hype
BUY Entry – 235 Target – 260 Stop Loss – 221



Read More: https://www.kgieworld.sg/research/3sephk
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@kgisg Open / Comment

2021-09-03 03:30:06 TRADING IDEAS: SINGAPORE
3 September 2021

Sunpower Group (SPWG SP): A purer play on clean energy going forward
BUY Entry – 0.60 Target –1.22 Stop Loss – 0.52

OCBC (OCBC SP): Technical support at $11.38
Re-iterate BUY Entry – 11.43 Target –12.40 Stop Loss – 11.00


Read More: https://www.kgieworld.sg/research/3sepsg
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@kgisg Open / Comment

2021-09-03 03:27:29 Top Stories, 3 September 2021

1. Fraying Relations With China Are About to Hit Australian Economy
https://www.kgieworld.sg/research/8q3x

2. HKEX’s MSCI China Free Net (USD) Index Futures contract provides a tool for investors to trade and manage their exposure in the Chinese equity market.
The MSCI China Free Index includes large and mid-cap Chinese companies listed globally such as Alibaba, Tencent, Meituan Dianping etc.
Find out more: https://www.kgieworld.sg/research/hkexmcf

3. Labor contract deal ends strike at Chile’s Andina copper mine
https://www.kgieworld.sg/research/lbim

4. AUD/USD pokes monthly top around 0.7400 on softer USD ahead of US NFP
https://www.kgieworld.sg/research/xifm

5. China to set up mainland’s third stock exchange in Beijing as Xi Jinping promises to set up more digital trade zones
https://www.kgieworld.sg/research/9mlx

6. Asia Stocks Eye Steady Start in Run-Up to Payrolls
https://www.kgieworld.sg/research/2hc4
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@kgisg Open / Comment