SG Morning Call｜50% Singaporeans Think 2024 Will Be Bad, Challenging Year; STI Profit Growth to Settle at 4.5% in 2024

Tiger Newspress2023-12-25

STI profit growth to settle at 4.5% in 2024: RHB

Investors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next year as corporate earnings growth is seen losing momentum, RHB Group said.

In a recent note, RHB analyst Shekhar Jaiswal predicted STI’s earnings per share (EPS) to rise by 4.5% next year, while the stocks under its coverage are projected to post an EPS growth of 8.7%.

The outlook has weakened compared to the estimated 14.5% market cap-weighted EPS growth for full year 2023, according to RHB.

Grab overcharges 40K+ passengers due to wrong ERP rates

SINGAPORE: The Land Transport Authority (LTA) and the Public Transport Council (PTC) issued a statement on Friday (Dec 22), saying that more than 40,000 customers who used the Grab app to get a ride between Nov 20 and Dec 4 had been overcharged.

The app had used outdated Electronic Road Pricing (ERP) rates during this time, applying the wrong rates to 60,787 trips. The two agencies were alerted to overcharged rates when some passengers provided feedback.

50% Singaporeans think 2024 will be bad, challenging year — IPSOS survey

SINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.

Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

GTay
2023-12-25
GTay
Always love a good recession
SGREIT Champ
2023-12-25
SGREIT Champ
No reasons why Singaporeans think 2024 will be harder compared to 2023. Full Recession ? A Technical Recession is bearable.

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The two agencies were alerted to overcharged rates when some passengers provided feedback.</p><h2 id=\"id_3813574849\" style=\"text-align: left;\">50% Singaporeans think 2024 will be bad, challenging year — IPSOS survey</h2><p>SINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.</p><p style=\"text-align: left;\">Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131884287","content_text":"STI profit growth to settle at 4.5% in 2024: RHBInvestors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next year as corporate earnings growth is seen losing momentum, RHB Group said.In a recent note, RHB analyst Shekhar Jaiswal predicted STI’s earnings per share (EPS) to rise by 4.5% next year, while the stocks under its coverage are projected to post an EPS growth of 8.7%. The outlook has weakened compared to the estimated 14.5% market cap-weighted EPS growth for full year 2023, according to RHB.Grab overcharges 40K+ passengers due to wrong ERP ratesSINGAPORE: The Land Transport Authority (LTA) and the Public Transport Council (PTC) issued a statement on Friday (Dec 22), saying that more than 40,000 customers who used the Grab app to get a ride between Nov 20 and Dec 4 had been overcharged.The app had used outdated Electronic Road Pricing (ERP) rates during this time, applying the wrong rates to 60,787 trips. The two agencies were alerted to overcharged rates when some passengers provided feedback.50% Singaporeans think 2024 will be bad, challenging year — IPSOS surveySINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":255794760622320,"gmtCreate":1703463552689,"gmtModify":1703463557368,"author":{"id":"4092886236695250","authorId":"4092886236695250","name":"SGREIT Champ","avatar":"https://static.itradeup.com/news/4e9c43f98c059bde13c61c0fc77dd30f","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"No reasons why Singaporeans think 2024 will be harder compared to 2023. Full Recession ? A Technical Recession is bearable.","listText":"No reasons why Singaporeans think 2024 will be harder compared to 2023. Full Recession ? A Technical Recession is bearable.","text":"No reasons why Singaporeans think 2024 will be harder compared to 2023. Full Recession ? A Technical Recession is bearable.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/255794760622320","repostId":1131884287,"repostType":2,"repost":{"id":"1131884287","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1703462252,"share":"https://www.laohu8.com/m/news/1131884287?lang=&edition=full","pubTime":"2023-12-25 07:57","market":"sg","language":"en","title":"SG Morning Call｜50% Singaporeans Think 2024 Will Be Bad, Challenging Year; STI Profit Growth to Settle at 4.5% in 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=1131884287","media":"Tiger Newspress","summary":"STI profit growth to settle at 4.5% in 2024: RHBInvestors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next yea","content":"<html><head></head><body><h2 id=\"id_909716017\" style=\"text-align: left;\">STI profit growth to settle at 4.5% in 2024: RHB</h2><p>Investors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next year as corporate earnings growth is seen losing momentum, RHB Group said.</p><p style=\"text-align: left;\">In a recent note, RHB analyst Shekhar Jaiswal predicted STI’s earnings per share (EPS) to rise by 4.5% next year, while the stocks under its coverage are projected to post an EPS growth of 8.7%. </p><p style=\"text-align: left;\">The outlook has weakened compared to the estimated 14.5% market cap-weighted EPS growth for full year 2023, according to RHB.</p><h2 id=\"id_3023146318\" style=\"text-align: left;\">Grab overcharges 40K+ passengers due to wrong ERP rates</h2><p>SINGAPORE: The Land Transport Authority (LTA) and the Public Transport Council (PTC) issued a statement on Friday (Dec 22), saying that more than 40,000 customers who used the Grab app to get a ride between Nov 20 and Dec 4 had been overcharged.</p><p style=\"text-align: left;\">The app had used outdated Electronic Road Pricing (ERP) rates during this time, applying the wrong rates to 60,787 trips. The two agencies were alerted to overcharged rates when some passengers provided feedback.</p><h2 id=\"id_3813574849\" style=\"text-align: left;\">50% Singaporeans think 2024 will be bad, challenging year — IPSOS survey</h2><p>SINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.</p><p style=\"text-align: left;\">Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SG Morning Call｜50% Singaporeans Think 2024 Will Be Bad, Challenging Year; 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}\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSG Morning Call｜50% Singaporeans Think 2024 Will Be Bad, Challenging Year; STI Profit Growth to Settle at 4.5% in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-12-25 07:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2 id=\"id_909716017\" style=\"text-align: left;\">STI profit growth to settle at 4.5% in 2024: RHB</h2><p>Investors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next year as corporate earnings growth is seen losing momentum, RHB Group said.</p><p style=\"text-align: left;\">In a recent note, RHB analyst Shekhar Jaiswal predicted STI’s earnings per share (EPS) to rise by 4.5% next year, while the stocks under its coverage are projected to post an EPS growth of 8.7%. </p><p style=\"text-align: left;\">The outlook has weakened compared to the estimated 14.5% market cap-weighted EPS growth for full year 2023, according to RHB.</p><h2 id=\"id_3023146318\" style=\"text-align: left;\">Grab overcharges 40K+ passengers due to wrong ERP rates</h2><p>SINGAPORE: The Land Transport Authority (LTA) and the Public Transport Council (PTC) issued a statement on Friday (Dec 22), saying that more than 40,000 customers who used the Grab app to get a ride between Nov 20 and Dec 4 had been overcharged.</p><p style=\"text-align: left;\">The app had used outdated Electronic Road Pricing (ERP) rates during this time, applying the wrong rates to 60,787 trips. The two agencies were alerted to overcharged rates when some passengers provided feedback.</p><h2 id=\"id_3813574849\" style=\"text-align: left;\">50% Singaporeans think 2024 will be bad, challenging year — IPSOS survey</h2><p>SINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.</p><p style=\"text-align: left;\">Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131884287","content_text":"STI profit growth to settle at 4.5% in 2024: RHBInvestors were advised to maintain exposure to defensive stocks and go with a bottom-up stock picking strategy at the Straits Times Index (STI) next year as corporate earnings growth is seen losing momentum, RHB Group said.In a recent note, RHB analyst Shekhar Jaiswal predicted STI’s earnings per share (EPS) to rise by 4.5% next year, while the stocks under its coverage are projected to post an EPS growth of 8.7%. The outlook has weakened compared to the estimated 14.5% market cap-weighted EPS growth for full year 2023, according to RHB.Grab overcharges 40K+ passengers due to wrong ERP ratesSINGAPORE: The Land Transport Authority (LTA) and the Public Transport Council (PTC) issued a statement on Friday (Dec 22), saying that more than 40,000 customers who used the Grab app to get a ride between Nov 20 and Dec 4 had been overcharged.The app had used outdated Electronic Road Pricing (ERP) rates during this time, applying the wrong rates to 60,787 trips. The two agencies were alerted to overcharged rates when some passengers provided feedback.50% Singaporeans think 2024 will be bad, challenging year — IPSOS surveySINGAPORE: A recent survey conducted by global market research consultancy Ipsos has found that nearly half of Singaporeans have what may be considered a pessimistic outlook on the coming year and expect 2024 to be more challenging than 2023.Ipsos surveyed more than 25,000 people in 34 countries worldwide to understand people’s impressions of the past year and their expectations for the upcoming one. 500 Singaporeans participated in the survey.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131884287"}