The world of artificial intelligence (AI) is witnessing an unprecedented surge in competition, with tech giants vying for supremacy. Contenders like Amazon.com $AMZN and Samsung Electronics are entering the fray, aiming to challenge established leaders Microsoft and Google. Amazon is developing a new large language model codenamed "Olympus". This ambitious venture, spearheaded by Rohit Prasad, Amazon's Head Scientist of Artificial General Intelligence (AGI), has the potential to revolutionize the AI landscape. Amazon’s Olympus Boasting an impressive two trillion parameters, Olympus is a groundbreaking conversational AI software. The model is anticipated to outperform AWS's current Titan model, offering advancements for Amazon's online retail, Alexa voice assistant, and Amazon Web Services.
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4 things you need to know about the upcoming Lion-OCBC Securities APAC Financials Dividend Plus ETF
Lion-OCBC Securities APAC Financials Dividend Plus ETF is a passive ETF that seeks to track the performance of the iEdge APAC Financials Dividend Plus Index, which comprises the 30 largest and most tradable financial sector companies listed in the Asia Pacific region with stable dividend payouts. The region consists of Australia, Hong Kong, Japan, Singapore, Korea, Indonesia, Malaysia, and Thailand. The Initial Offering Period (IOP) for the said ETF is from 11 April to 3 May 2024. 1) Good Track Record of Fund Manager The fund manager, Lion Global Investors Limited (LGI), is one of the leading asset managers in Southeast Asia. Its notable milestones include: - Its assets under management (AUM) stands at S$69
4 things you need to know about the upcoming Lion-OCBC Securities APAC Financials Dividend Plus ETF
Amazon’s AI Ambition
Amazon’s AI Ambition
🏆🐯Congratulations to Tiger Brokers for this great reward! Feel free to leave us a comment telling us what great suggestions you have for Tiger Brokers.
@Tiger_SG:Tiger Brokers (Singapore) wins Best Retail Broker Award at annual SIAS Investors’ Choice Awards
Winking IPO
Winking Studios Limited (“Winking”) is an art outsourcing and game development studio that provides end-to-end art outsourcing and game development services across various platforms such as console, PC, online and handheld content for the video games industry. The company was founded in 2004 by Mr. Johnny Jan (Executive Chairman and CEO) and has over 20 years of established track record. Winking has more than 700 highly skilled workforce of art talents, designers and scriptwriters. The company has developed more than 8 self-developed games, as well as 13 internationally renowned third-party games such as New World by Amazon Games; Madden NFL 22 by Electronic Arts; Assassin’s Creed Valhalla by Ubisoft and Identity V by NetEase. Winking has three key business segments: Art Outsourcing Segme
Winking IPO
Digital Core REIT: Opportunities in distress valuation
Data Centre REIT [Written by Edmund Chan: CIO of Tiger Fund Management] DCREIT's current distress valuation of 0.61x P/B ratio could be an investment opportunity. The company is trading at low valuation due to the bankruptcy announcement from its second-largest tenant. This could be an opportunity given that concern appears to be overblown. Here are some insights: Freehold data centre REIT Tenant Bankruptcy Mitigating Worst-Case Scenarios Distress valuation Freehold data centre REIT DCREIT is a freehold data centre S-REIT with a portfolio of 11 data centres in the US, Canada and Germany. They are valued at US$1.4b across 1.2m net rentable square feet. The portfolio occupancy is at 96.9%, with 76% of clients possessing investment grade credit quality. Its properties are strategically loc
Digital Core REIT: Opportunities in distress valuation
Singapore REITs Benefit as US Inflation Declines (Exclusive SGD 10 Voucher)
The US inflation rate has recently declined to a more than two-year low, reaching 3% last month, marking just one-third of the level it was a year ago. This drop in inflation has led to plunging yields on short-term Treasury yields. This could indicate that the Federal Reserve is nearing the end of its hiking cycle. A beneficiary of lower interest rate is the Singapore REITs (S-REITs). Currently, the Singapore REITS is trading at 6.2% dividend yield and 0.93x P/B, as indicated by the FTSE ST All-Share Real Estate Investment Trusts Index. Below is an overview of the largest S-REITs: CapitaLand Integrated Commercial Trust CapitaLand Ascendas REIT Mapletree Pan Asia Commercial Trust CapitaLand Integrated Commercial Trust (CICT) CapitaLand Integrated Commercial Trust (CICT) emerged from th
Singapore REITs Benefit as US Inflation Declines (Exclusive SGD 10 Voucher)
Equinix: Global Leader in Data Centre
Data is the new oil [By Edmund Chan: CIO of Tiger Fund Management] In a recent Citi Conference, Equinix $Equinix(EQIX)$ CEO Charles Meyers was asked for three reasons to buy Equinix. He replied with the following reasons: 1) continued long-term demand from digital transformation 2) differentiated, durable story in digital competency3) strong track record of delivering durable growth. I concur with his views. Without a doubt, Equinix is the global market leader among data centre companies. Here are some insights: Global leadership Go-to-Market Strategy Growth Potential Premium valuation Global leadership Equinix manages an impressive network of 248 data centers worldwide, with 138 owned by the company. This ownership is equivalent to 67%
Equinix: Global Leader in Data Centre
Keppel DC REIT: Where Data Meets Returns
Pure-play data centre [By Edmund Chan: CIO of Tiger Fund Management] I remembered meeting the management of Keppel DC REIT (“KDCREIT ”) during their IPO roadshow in 2014. Since then, KDCREIT has always been a core holding in my REIT portfolio. KDCREIT has done remarkably well, generating returns of 2.5x in less than 10 years. It has outperformed the STI Index by 216%. This is an amazing feat, considering KDCREIT is a dividend stock, and not a growth stock. Early this year, with high interest surrounding ChatGPT, I was asked in an Lianhe Zaobao newspaper interview about AI-related stocks in Singapore. I immediately mentioned KDCREIT $KEPPEL DC REIT(AJBU.SI)$ . Hence, I want to re-visit the thesis of Keppel DC REIT in this post (@$2.13; 10/07).
Keppel DC REIT: Where Data Meets Returns
SUNeVISION: Hong Kong's Leading Data Center Provider
Proxy to AI Boom [By Edmund Chan: CIO of Tiger Fund Management] A lot of AI stocks have run up. So, it is timely to look at laggard plays. I’ve decided to look at the Hong Kong market since it has lagged behind other developed markets. This year, the Hang Seng Index has declined 3% compared to 17% rise of S&P500 Index. That is where I found a gem - a company that I have followed for many years. That company is SUNeVISION. SUNeVISION $SUNEVISION(01686)$ is the largest data center company in Hong Kong. The ongoing AI boom will result in a surge of data usage and, correspondingly, lead to higher demand for data centers. This will greatly benefit SUNeVISION (@$4.04; 03/07 Close). Here are some insights: Largest data center company in Hong Kong M
SUNeVISION: Hong Kong's Leading Data Center Provider
Baidu: The next Alibaba
Top AI stock pick [By Edmund Chan: CIO of Tiger Fund Management] Here’s a thought experiment. Will you invest in a company that is: A combination of “Google” + “Azure/AWS” + “Tesla” + “OpenAI” + “Netflix” Operates in the second largest economy in the world Trades at 13x P/E and 13% EPS growth If your answer is a resounding “Yes”, Baidu $Baidu(BIDU)$ will be one of your top stock picks. The share price of Chinese companies has experienced a severe downturn in the past 3 years. The market cap of Alibaba has crashed 75% from its peak of $840 billion. While this is a lamentable state of affairs for some, I believe this is an excellent opportunity to invest into Chinese companies. In this space, my top pick is Baidu (@$122.85; 31/05 Close). And I w
Baidu: The next Alibaba
Pasture Holdings
Overview$PASTURE HOLDINGS LTD.(90117.SI)$ Pasture Holdings is a wholesale pharmaceutical distributor based in Singapore. It has a comprehensive product portfolio that supplied more than 1,000 pharmaceutical products, medical supplies and devices. The company is also a supplier of its own proprietary brand of masks, Pasture Masks. In addition, Pasture Holdings is developing new products and services such as Hart-S ODS, a range of oral disintegrating strips (ODS) as well as furlife, a pet health mobile application. History of Pasture Holdings Pasture Holdings’ history can be traced back to 1996 when its esteemed founder, the Executive Chairman and Chief Executive Officer, Mr. Lloyd Soong, founded Pasture Pharma to provide international who
Pasture Holdings
25bps Rate Hike in May’s FOMC Meeting: Fed Pause on The Horizon
In a widely anticipated move, the US Federal Reserve raised interest rates for the 10th time in just over a year. The Fed fund rate now stands at a target range of 5%-5.25%, which is the highest it has been since August 2007.Source: Bloomberg During the news conference that followed the meeting, Chairman Jerome Powell confirmed that "a decision on a pause was not made today." This is despite the omission of a sentence stating that “the Committee anticipates that some additional policy firming may be appropriate." It appears that the Fed has finally reached the terminal rates it had set out to achieve. S&P 500 & Nasdaq Index, Source: Bloomberg The bond markets initially priced a rate hike in the June Fed meeting. However, the sentiment soon changed into a likely rate pause
25bps Rate Hike in May’s FOMC Meeting: Fed Pause on The Horizon
Tiger Singapore Weekly Focus: 2 Pure Play Data Centre REITs
Weekly Focus on S-REITs with exposure to data centre assets($KEPPEL DC REIT(AJBU.SI)$, $DigiCore Reit USD(DCRU.SI)$)What data centres?Data centres are large IT infrastructure facilities that are used to store, protect and manage large amount of digital content.In a managed data centre, companies lease dedicated servers, storage and networking hardware from the data centre provider, and the data centre provider handles the administration, monitoring and management for the client company.Similar to most real estate investment trusts (REITs), data centre REITs rent space in their facilities to tenants. Data centre REITs usually rent space to multiple tenants or they can rent the entire f
Tiger Singapore Weekly Focus: 2 Pure Play Data Centre REITs
10 Mar - Tiger Market Watch-HSI
US equities sank ahead of the keenly anticipated non-farm payroll tonight and next week’s Consumer Price Index (CPI). Markets are expecting a 225k increase in payrolls in February compared to the 517k in the prior month while average hourly earnings are expected to rise 0.3% month on month. This suggests that the job market will continue to remain tight, and inflation appears to remain sticky.During the congressional testimony held earlier in the week, the Federal Reserve’s Chairman, Jerome Powell, also signaled for higher interest rates than what the central bank policy makers had anticipated leading to a risk-off sentiment in the market. The hawkish tone raised the probability of a 50bps increase in March’s FOMC meeting. Furthermore, December’s “dot-plot” suggesting a terminal rate of 5.
10 Mar - Tiger Market Watch-HSI
02 Mar: Tiger Market Watch - Tesla
US markets fell as US ISM manufacturing index edged up to 47.7 in February. While the index indicated a contraction of factory activity, ISM prices paid for materials rose for the second straight month indicating that input prices continue to remain high. US 10-year yield rose to 4% as the risk of more interest rate hikes looms with inflation risks still unabated. Markets are now pricing in a higher probability of a terminal rate of 5.5% in September which implies at least 3 more 25 basis point rate hikes. This comes after US consumer prices rose by 0.5% m-o-m in January because of the continued tight labor market and certain sticky factors within the inflation basket such as rents and food. Furthermore, tensions between Russia and Ukraine have also further escalated since the start of
02 Mar: Tiger Market Watch - Tesla
Preview of National People's Congress
Pro-growth The National People’s Congress (NPC) will open its annual session on 5th March, where a new economic team is expected to be unveiled. The new team will likely be led by the incoming premier, Li Qiang. He will replace the current premier, Li Keqiang. Here are a few insights: New economic targets Pro-business Pro-technology New economic targets The session will provide a preview of the new team's economic targets, and its plan to reset the Chinese economy for the next five years. With the COVID reopening, we expect a GDP target of close to 6% in 2023, compared to the previous GDP target of 5.5%. Unemployment and CPI inflation targets are expected to remain flat at around 5.5% and 3% respectively. Pro-Business China’s new economic team faces the daunting task of reviving the coun
Preview of National People's Congress
SG Budget 2023: An inflation paradox
Beware of second-order impact In Budget 2023, the Singapore government has noble intentions to fight inflation. However, the Budget measures could drive up inflation instead of bring it down. This is due to the second-order impact from measures such as cash handouts and higher taxes. Here are my insights: Inflation Drivers Demand-pull inflation Wage-push inflation Higher HDB Grant Higher property taxes Higher tobacco tax Disinflation Driver Boosting innovation and productivity Inflation Drivers Demand-pull inflation Singapore's 2023 Budget plans to give up to S$9.6 billion in handouts. Total cash distributed to eligible residents would be up to S$1,300 in 2023. In total, S$600 worth of CDC vouchers will be granted to Singapore households in 2023 and 2024.
SG Budget 2023: An inflation paradox
Feb 10: Tiger Market Watch - Alphabet
US markets fell during the week led by weakness in the communications sector on a frenzy investor wave of interest in artificial intelligence and the potential disruptive force that would ensue. The market focused on Jerome Powell’s speech where he acknowledged that the disinflationary process has started, however, he continues to guide that further interest rate increase are still on the cards. The Fed continue to see the strong labor market and high inflation reports as factors to follow through with its tightening monetary policy. The $S&P 500(.SPX)$ fell by -0.9% while the $NASDAQ(.IXIC)$ dropped by -1.0% overnight. China equities also fell during th
Feb 10: Tiger Market Watch - Alphabet
02 Feb - Tiger Market Watch: Meta, AMD
US stocks buoyed on the well anticipated Federal Reserve’s rate hike by 25 bps to 4.50% to 4.75%. This marks the eight time since the rate hike cycle began in March of 2022. The Fed sees ongoing increases to the target range and expects no rate cuts in 2023. It however does not rule out that should inflation starts coming off faster than expected, then it could play into its monetary policy setting. Amid the positive sentiment, JOLTS jobs data disappointed showing January job openings of over 11 million, indicating that the labour market continue to remain tight. $S&P 500(.SPX)$ rose by 1.0% while $NASDAQ(.IXIC)$ was up 2.0% in a risk on rally with the dovi
02 Feb - Tiger Market Watch: Meta, AMD
Tiger Singapore Weekly Focus: Genting Singapore & Singapore Airline
China’s reopening has a positive effect on the Singapore economy. Some sectors to benefit are hospitality, including tourism operator $GENTING SINGAPORE LIMITED(G13.SI)$ and $SINGAPORE AIRLINES LTD(C6L.SI)$.$GENTING SINGAPORE LIMITED(G13.SI)$ to benefit from China reopeningGenting Singapore is set to be one of the biggest beneficiaries of Singapore and China’s reopening.Genting Singapore owns and operates Resorts World Sentosa. It operates Universal Studios and a wide range of attractions and amenities around the island. It also operates six themed hotels with about 1,600 hotel rooms, a casino, SEA Aquarium, Adventure Cove Waterpark, and many otherdinings,
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