$PARAGON REIT(SK6U.SI)$ Any chance of a turnaround?

$IFAST(AIY.SI)$ Making a bit of a comeback?

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ UOB’s third-quarter results were strong as net interest margin expanded by more than we had expected, and credit cost was lower as asset quality remained prudent. While both improvements in performance were in line with our expectation, the magnitude of the trends was better than anticipated. Net profit after tax was up 26% quarter on quarter, or 34% higher against the same period last year. We are raising our fair value estimate slightly to SGD 40 per share from SGD 39 per share and have made changes to our forecasts to account for higher net interest margins and lower credit cost in 2022, offset by an acceleration of staff costs.

$DBS GROUP HOLDINGS LTD(D05.SI)$ DBS Group Holdings traded at 33.36 this Friday December 9th, increasing 0.01 or 0.03 percent since the previous trading session. Looking back, over the last four weeks, Dbs Group Holdings gained 3.42 percent. Over the last 12 months, its price rose by 4.58 percent. Looking ahead, we forecast Dbs Group Holdings to be priced at 33.87 by the end of this quarter and at 31.94 in one year, according to Trading Economics global macro models projections and analysts expectations.

$OVERSEA-CHINESE BANKING CORP(O39.SI)$ Oversea-Chinese Banking Corporation’s, or OCBC's, third-quarter result was above our expectation with net profit increasing 31% year on year to SGD 1.6 billion, or 8% against last quarter. While net interest margin was a positive surprise similar to peers DBS Group and UOB, OCBC’s net interest margin of 35 basis points against the second quarter, to 2.06%, was the largest between the three banks. Higher asset yields were the main driver while the bank noted that a repositioning of its deposit book to focus on cash management accounts for SMEs and corporates also contributed. These cash management accounts are mainly current and savings deposits, which attract lower deposit cos

$Amazon.com(AMZN)$ Amazon (AMZN) woke up with a headache Wednesday morning as thousands of consumers were unable to access the e-commerce website or complete purchase orders. The Amazon outage lasted several hours as AMZN stock was only down marginally and shares eventually moved into positive ground. At 10 a.m. ET, about 12,000 consumers reported having purchase issues, according to Downdetector, which tracks outages. The company confirmed the issue had been resolved after 11:30 a.m. Amazon stock edged up a fraction, closing at 88.46 on the stock market today. Some shoppers received a message from Amazon saying: "Sorry. We're experiencing unusually heavy traffic. Please try again in a few seconds." As the Amazon ou

$Alibaba(09988)$ Alibaba surged again Wednesday after two big Chinese cities — Guangzhou and Chongqing — announced an easing of Covid curbs. Sentiment was positive in Alibaba stock Tuesday after China's National Health Commission said lockdowns in the country should be lifted "as soon as possible," but is BABA stock a buy now? Meanwhile, officials in Zhengzhou announced an "orderly" resumption of businesses. Zhengzhou is home to a Foxconn factory that makes iPhones. China also said Tuesday it would do more to vaccinate China's elderly population. About 90% of China's total population is fully vaccinated. For those 80 and older, 65.8% are fully vaccinated but only 40% have received a booster. BABA, along with J

$DBS GROUP HOLDINGS LTD(D05.SI)$  JP Morgan has downgraded DBS Group Holdings to “neutral” with an unchanged target price of $37 as it sees the group’s future earnings growth already priced in. According to analyst Harsh Wardhan Modi, JP Morgan’s global economics team is anticipating a US recession in 2023, which has implications for growth in Asia. “A probability-weighted outcome of growth/asset quality disappointment is priced in, but not enough, in our view,” says Modi. As current accounts and savings account (CASA) depositors switch to fixed deposits, DBS’s higher cost of funds should increase faster than the street’s expectations, Modi reckons, and this may imply that net interest margin (NIM) expansion may be

$Tesla Motors(TSLA)$ stock was rising this afternoon after Federal Reserve Chairman Jerome Powell said that smaller interest rate hikes will begin in December. That news caused market indices to jump -- with the S&P 500 gaining 2.3% and the Nasdaq Composite rising 3.4% -- and they took Tesla's share's along with them. The electric vehicle stock was up by 5.3% as of 3:34 p.m. EST.  Speaking at the Brookings Institution today, Powell said that the Federal Reserve will likely begin smaller increases to the federal funds rate at its December meeting. Powell also said that the Fed's moves, including past interest rate hikes, will take time to slow inflation and that "it makes sense to moderate the pace of our r

$Apple(AAPL)$ Investors weren't entirely in the holiday spirit coming back from the long Thanksgiving break, and Wall Street saw stock indexes fall after they posted solid gains last week. The Nasdaq Composite (^IXIC) opened down about 0.6% Monday morning when the trading session began. Worries about the Chinese economy weighed on the overall market, but they were of particular concern to consumer electronics giant Apple (AAPL -2.63%) as it deals with potential problems that could disrupt supplies and hurt near-term financial results. However, the news was better for advertising-tech specialist Taboola (TBLA 43.48%), whose stock soared after making a deal with a well-known company with extensive digital property exp

$Alibaba(09988)$ Alibaba (BABA) jumped nearly 14% last week, helped by better than expected profit growth, But Alibaba stock was under pressure early Monday after China locked down a key transportation hub. Alibaba stock broke out of a downtrend last week, but is BABA stock a buy right now? Guangzhou, one of China's largest cities, set a five-day lockdown in the Baiyun district, which is home to 3.76 million people and 0ne of the country's busiest airports. China on Sunday reported 26,824 new cases, with three deaths reported in Beijing. BABA, along with JD.com (JD), didn't release specific gross merchandise volume for its Nov. 11 Singles Day, the world's biggest annual shopping event. Alibaba did say that volume w

$SINGTEL(Z74.SI)$ once again finds itself unwittingly being thrust into the spotlight. Late last month, the telco’s Australian subsidiary, Optus, reported that hackers had accessed and stolen the personal information of around 9.8 million customers, or around a third of Australia’s population. Around 2.8 million of them had lost details of passports, driver’s licences and government-issued identity card numbers, potentially compromising their security and opening them up to large-scale fraud. Since this news was released, Singtel has seen its share price slump to a three-month low of S$2.49. The blue-chip telco has to contend with the negative fallout from the news and is assessing the situation to determine its l

$WILMAR INTERNATIONAL LIMITED(F34.SI)$  Between Nov 4 and 10, Wilmar International : F34 0%'s chairman and CEO Kuok Khoon Hong increased his deemed interest in the stock. HPRY Holdings, in which Kuok has deemed interest, acquired 2,279,200 shares of Wilmar at an average price of S$3.94 per share. The consideration of the acquisitions totalled S$8,981,504 and increased Kuok's total interest in Wilmar from 12.96 per cent to 13 per cent.The acquisitions followed on from HPRY Holdings acquiring 650,000 shares at S$3.88 on Nov 1 then and 36,700 shares, also at S$3.88 per share on Nov 2. As Asia's leading agribusiness group, Wilmar has a multinational workforce of around 100,000 people with over 500 manufacturing plants

$NVIDIA Corp(NVDA)$ Shares of NVIDIA Corp. NVDA, +3.00% rose 3.00% to $165.19 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.59% rising 0.59% to 4,027.26 and the Dow Jones Industrial Average DJIA, +0.28% rising 0.28% to 34,194.06. This was the stock's second consecutive day of gains. NVIDIA Corp. closed $168.93 below its 52-week high ($334.12), which the company achieved on November 29th. The stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.04% rose 1.04% to $247.58, Intel Corp. INTC, -0.50% fell 0.50% to $29.67, and Texas Instruments Inc. TXN, +0.99% rose 0.99% to $178.98. Trading volume (42.6 M) remain

$Amazon.com(AMZN)$ There's no denying that 2022 has not been a great year for Amazon (AMZN 0.80%) stock. It's easy to look at a chart, see that the stock is down over 40% year to date, and begin to panic. Understanding why the stock has cratered is a bit more complex, though. At its core, Amazon can be thought of as two businesses: E-commerce and cloud computing. While the company has made a number of strategic investments in advertising, gaming, and media, the e-commerce and cloud segments are, by far, its largest operations. Given the lingering effects inflation has on consumer purchasing power, coupled with fears of recession and corporations adjusting budgets, both the e-commerce business and the cloud segment f

$Sea Ltd(SE)$ The market is abuzz with talk that Sea Ltd, the parent company of e-commerce player Shopee, is giving up some 200,000 square feet (sq ft) of office space at CapitaLand's newly-opened Rochester Commons development in the one-north area near the Buona Vista MRT station. Word has it that the tech conglomerate had signed a long lease - seven years was bandied about - in 2021 for the bulk of office space at what has been billed as Singapore's first campus-style integrated development. Sea is now looking for a replacement tenant to take over the space, which is apparently not fitted-out yet. Things can't be going well if they're looking to break the lease this early on.

$WILMAR INTERNATIONAL LIMITED(F34.SI)$ Deliveries of refined sugar against the expiry of the December contract at ICE London exchange were seen at 7,190 lots, or 359,500 tonnes, according to preliminary information from sugar traders on Tuesday. Commodities traders Louis Dreyfus and Wilmar International were said to be the main deliverers of the sugar with more than 3,000 lots each, while British trader ED&F Man was said to be the largest receiver with more than 4,000 lots. Official data will be released by the exchange on Wednesday.

$KEPPEL CORPORATION LIMITED(BN4.SI)$ Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from the S$4.87 billion valuation it got according to the terms of the previous S$8.7 billion merger agreement struck in April, Sembmarine said. This deal gives Sembmarine's shareholders a bigger stake –– of 46% stake, compared with 44% in the previous deal –– in the combined firm and shortens the time required to complete the deal by up to two months

$SINGTEL(Z74.SI)$ It's been a good week for Singapore Telecommunications Limited (SGX:Z74) shareholders, because the company has just released its latest half-yearly results, and the shares gained 6.7% to S$2.69. The results were positive, with revenue coming in at S$7.3b, beating analyst expectations by 2.1%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Taking into account the latest results, the current consensus from