SGX Weekly Review: US Federal Reserve, Singapore’s GDP and Grab Holdings

The Smart Investor2022-12-17

Welcome to this week’s edition of top stock market highlights.US Federal ReserveThe US Federal Reserve has thus far been relentless in its quest to bring inflation down to its targeted 2% level.On ...

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Comments

WilliamFish
2022-12-17
WilliamFish
O
- WilliamFish:
  O
WilliamFish
2022-12-17
WilliamFish
O
LuckyPiggie
2022-12-17
LuckyPiggie
Local cpi 5% [Doubt] [Surprised] [Onlooker] [NosePick] Ooi Ooi ... You measure based on the cheapest offer in town , item gonna expire by next week one is it ? Ah Cheng introduced you the cheap $2 chicken rice ? Disclaimer: This post has no relationship or whatsoever with Mr Ooi. Just Saying. [Duh]
- breAkdaWn:
  Singapore chicken rice! my favourite.
SNeo
2022-12-17
SNeo
Well-done
来人
2022-12-17
来人
Ok
Sandyboy
2022-12-17
Sandyboy
Ok
- atsc:
  Ok

Leave a comment

308

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href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-us-federal-reserve-singapores-gdp-and-grab-holdings/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to this week’s edition of top stock market highlights.US Federal ReserveThe US Federal Reserve has thus far been relentless in its quest to bring inflation down to its targeted 2% level.On ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-us-federal-reserve-singapores-gdp-and-grab-holdings/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRAB","symbol_name":"Grab 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relentless in its quest to bring inflation down to its targeted 2% level.On Wednesday, the central bank raised its benchmark rate once again, this time by 0.5 percentage points (50 basis points or bps).As a result, the benchmark rate rose to between 4.25% and 4.5%, its highest level since 2007.The latest hike is a step down from its previous four consecutive 75 bps increases.Meanwhile, officials also indicated that interest rates are expected to stay elevated next year, with possibly no reductions until 2024 rolls by.The “terminal rate”, defined as the maximum interest rate where the central bank will stop raising rates, was pegged at 5.1% based on a summary of individual member expectations.This water mark indicates that officials still have some way to go by way of rate hikes that should continue into 2023.In the longer term, analysts believe that the rate will go down to 4.1% in 2024 before ending 2025 at 3.1%.Should all go way in the inflation fight, long-term rates should settle at around the 2.5% level.As a homeowner in Singapore, the rise in interest rates will flow through to higher mortgage rates.Hence, homeowners may wish to lock in their mortgage rates for a fixed period rather than select a floating rate that may steadily rise in tandem with the US benchmark rate.Singapore’s GDP and inflationProfessional forecasters have weighed in on Singapore’s gross domestic product (GDP) for 2022.The GDP for this year is expected to come in at 3.6% year on year, slightly higher than the previous estimate of 3.5%.For 2023, GDP is projected to increase by 1.8%, down from the previous estimate of 2.8% in a survey conducted in September.These forecasts seem to imply that Singapore’s economy will not tip into a recession next year, contrary to what Prime Minister Lee Hsien Loong had warned in May this year.Inflation, however, should remain elevated.Meanwhile, the median forecast for all-in inflation and core inflation for 2022 stands at 6.1% and 4.1%, respectively.For 2023, all-in inflation is projected to be at 5.2% while core inflation should remain fairly high at 4%.These forecasts incorporate the effects of the impending 1% rise in the GST rate which will take place on 1 January 2023.To counteract the effects of inflation, you can consider investing in a variety of REITs and blue-chip stocks that not only pay out steady dividends but also offer long-term growth.Grab Holdings (NASDAQ: GRAB)Grab, like many growth stocks, has been under pressure as interest rate soar and investors’ risk appetite wane.The largest ride-hailing and food delivery in South-East Asia has announced a series of cost-cutting measures aimed at conserving cash.The measures include freezing hiring, having no salary increments for senior managers and reducing the budgets for travel and other expenses.These initiatives were released in a memo sent by CEO Anthony Tan, who prepared his staff for a leaner and fitter organisation as it pivots towards “sustainable and profitable growth”.Revenue for the company’s fiscal 2022’s third quarter surged by 143% year on year to US$382 million, with a doubling of ride-hailing revenue and a 250% year on year jump in delivery revenue.Gross merchandise value climbed 26% year on year for the quarter.Grab narrowed its net loss to US$327 million, a significant improvement from the net loss of US$970 million in the same period last year.Revenue guidance for the full year was lifted to a range of between US$1.32 billion to US$1.35 billion, up from the previous range of between US$1.25 billion to US$1.3 billion.Shares of the ride-hailing giant were down 55.7% year to date to close at 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cpi 5%&nbsp;[Doubt]&nbsp;[Surprised]&nbsp;[Onlooker]&nbsp;[NosePick]&nbsp; Ooi Ooi&nbsp;...&nbsp;You measure based on the cheapest offer in town , item gonna expire by next week one is it ?&nbsp; Ah Cheng introduced you the cheap $2 chicken rice ? Disclaimer:&nbsp; This post has no relationship or whatsoever&nbsp; with Mr Ooi. Just Saying.&nbsp;[Duh]&nbsp;","listText":"Local cpi 5%&nbsp;[Doubt]&nbsp;[Surprised]&nbsp;[Onlooker]&nbsp;[NosePick]&nbsp; Ooi Ooi&nbsp;...&nbsp;You measure based on the cheapest offer in town , item gonna expire by next week one is it ?&nbsp; Ah Cheng introduced you the cheap $2 chicken rice ? Disclaimer:&nbsp; This post has no relationship or whatsoever&nbsp; with Mr Ooi. Just Saying.&nbsp;[Duh]&nbsp;","text":"Local cpi 5% [Doubt] [Surprised] [Onlooker] [NosePick] Ooi Ooi ... You measure based on the cheapest offer in town , item gonna expire by next week one is it ? Ah Cheng introduced you the cheap $2 chicken rice ? Disclaimer: This post has no relationship or whatsoever with Mr Ooi. Just Saying. [Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928841593","repostId":1177449388,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105240856,"gmtCreate":1671254944578,"gmtModify":1671254957188,"authorId":3569809505691000,"author":{"id":3569809505691000,"idStr":"3569809505691000","authorId":3569809505691000,"name":"breAkdaWn","avatar":"https://community-static.tradeup.com/news/4c3676c14de9bfcd6f45bcf7ba4ddb6c","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.11","exceedPercentage":"80.49%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9928841593,"type":1,"supId":0,"prevId":0,"content":"Singapore chicken rice! my favourite.","text":"Singapore chicken rice! my favourite.","html":"Singapore chicken rice! my favourite."}],"langContent":"EN"},{"id":9928818024,"gmtCreate":1671239479668,"gmtModify":1676538513585,"author":{"id":"4112071922817752","authorId":"4112071922817752","name":"SNeo","avatar":"https://community-static.tradeup.com/news/d5b48d982c4246e1c1d0400e42ad5e32","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4112071922817752","authorIdStr":"4112071922817752"},"htmlText":"Well-done&nbsp;","listText":"Well-done&nbsp;","text":"Well-done","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928818024","repostId":1177449388,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9928835341,"gmtCreate":1671238630884,"gmtModify":1676538513393,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928835341","repostId":1177449388,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9928896093,"gmtCreate":1671236776612,"gmtModify":1676538512999,"author":{"id":"4096961999981430","authorId":"4096961999981430","name":"Sandyboy","avatar":"https://community-static.tradeup.com/news/c0493c8f653046dcb6adcd04d9fbd091","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1,"idStr":"4096961999981430","authorIdStr":"4096961999981430"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928896093","repostId":1177449388,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105236777,"gmtCreate":1671238808512,"gmtModify":1671238820985,"authorId":3562791266647459,"author":{"id":3562791266647459,"idStr":"3562791266647459","authorId":3562791266647459,"name":"atsc","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.11","exceedPercentage":"93.78%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9928896093,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":308,"commentSize":12,"repostSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/1177449388"}