Singapore Exchange is a great counter to buy and keep. Given non trading day in US Independence and the share price is considerably low.
I have chosen the following (1) & (5) to buy now and keep. Especially SGX which recently open to china market. 😍
Source: Bloomberg Kelvin Ong | Financial writer , Singapore |These five Singapore-listed equities are among analysts' most recommended to trade for the month of June 2022, based on their latest ratings, price targets and research.
1. Singapore Airlines Ltd (SGX: C6L)
2. DBS Group Holdings Ltd (SGX: D05)
3. Singapore Telecommunications Ltd (SGX: Z74)
4. Ascendas Real Estate Investment Trust (SGX: A17U)
5. Singapore Exchange Ltd (SGX: S68)
1. Singapore Airlines (SGX: C6L)The national carrier has an average price target of S$5.36 (representing a 3.1% downside from its latest trading price of S$5.53) and rating of ‘neutral’, based on SGX StockFacts consensus data on 31 May 2022.DBS analysts raised their price target for Singapore Airlines (SIA) to S$6.20 from S$4.90 in mid-May, while upgrading a ‘hold’ call to ‘buy’, on the back of higher net profit estimates.They noted that SIA could rebound faster than anticipated, as the lifting of regional travel restrictions continue to pick up pace.DBS posited that SIA is likely to be the regional frontrunner as countries reopen to tourists and airlines recover. In particular, Japan’s reopening to tourists is expected to drive a significant revival in inter-region travel for the group.Analysts are also expecting SIA’s passenger volumes to hit 70% and 96% of pre-pandemic levels by end-FY2023 and end-FY2024 respectively.
5. Singapore Exchange (SGX: S68)Singapore Exchange (SGX) shares rallied to a two-month high of S$9.92, after derivatives trading volume ‘rose to a record’ in April 2022.The blue-chip counter is up 4.5% on a year-to-date basis.The latest analyst sentiments published by SGX StockFacts show a consensus rating hovering between ‘neutral’ and ‘outperform’, alongside a price target of S$10.183 on the stock.The price target equates to nearly 4% of upside potential from SGX’s last traded price of S$9.80 on 31 May 2022.CIMB analysts previously reiterated an ‘add’ call and price target of S$10.40 on the stock, with UOB rating the stock a ‘hold’ while raising price target to S$9.33 (from S$9.09).
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