SGX Weekly Review: DBS Group, Sembcorp Marine, US Inflation and Buffett’s TSMC Stake

183
5
Favorite

SGX Weekly Review: DBS Group, Sembcorp Marine, US Inflation and Buffett’s TSMC Stake

The Smart Investor2023-02-18

Welcome to the latest edition of top stock market highlights.DBS Group (SGX: D05)A week ago, DBS had just released a sparkling set of earnings for 2022 that saw its net profit scale new heights....

Source Link

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.

183

Report

Comment（5）

Majid Bin Abdul Rahim
·2023-02-18
May Almighty ALLAH bless and reward us with good.
Reply
Like
Report
SkyJT
·2023-02-18
Okie
Reply
2
Report
Worpeng2002
·2023-02-18
Ok
Reply
2
Report
AJAJ
·2023-02-18
Ok
Reply
6
Report
Fold Replies
- wenjin:
  Ok
  2023-02-18
  Reply
  Report
Simonnov
·2023-02-18
Ic
Reply
7
Report
Fold Replies
- AJAJ:
  Ic
  2023-02-18
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1141645965?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-02-18 07:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1141645965","market":"sg","top_or_hot":-1,"title":"SGX Weekly Review: DBS Group, Sembcorp Marine, US Inflation and Buffett’s TSMC Stake","media":"The Smart Investor","content":"<div>\n<p>Welcome to the latest edition of top stock market highlights.DBS Group (SGX: D05)A week ago, DBS had just released a sparkling set of earnings for 2022 that saw its net profit scale new heights....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-dbs-group-sembcorp-marine-us-inflation-and-buffetts-tsmc-stake/\">Source Link</a>\n\n</div>\n","source":"lsy1602567310727","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>SGX Weekly Review: DBS Group, Sembcorp Marine, US Inflation and Buffett’s TSMC Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\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\">\nSGX Weekly Review: DBS Group, Sembcorp Marine, US Inflation and Buffett’s TSMC Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-18 07:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-dbs-group-sembcorp-marine-us-inflation-and-buffetts-tsmc-stake/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.DBS Group (SGX: D05)A week ago, DBS had just released a sparkling set of earnings for 2022 that saw its net profit scale new heights....</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-dbs-group-sembcorp-marine-us-inflation-and-buffetts-tsmc-stake/\">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":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-dbs-group-sembcorp-marine-us-inflation-and-buffetts-tsmc-stake/","article_id":"1141645965","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141645965","pubTimestamp":1676678320,"columns":[],"sourceInfo":{"source_id":"lsy1602567310727","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Welcome to the latest edition of top stock market highlights.DBS Group (SGX: D05)A week ago, DBS had","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN4.SI":"吉宝有限公司","TSM":"台积电","D05.SI":"星展集团控股"},"translate_title":"新交所周报：星展集团、胜科海运、美国通胀和巴菲特持有台积电股份","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":0.9,"D05.SI":0.9,"S51.SI":0.9,"TSM":0.9},"content_text":"Welcome to the latest edition of top stock market highlights.DBS Group (SGX: D05)A week ago, DBS had just released a sparkling set of earnings for 2022 that saw its net profit scale new heights.Singapore’s largest bank saw its total income boosted by higher net interest income resulting from a surge in interest rates.But the lender isn’t stopping there.The group is considering raising its shareholding in Shenzhen Rural Commercial Bank (SRCB) either before or after SRCB heads for an initial public offering.As a recap, DBS purchased a 13% stake in the Chinese bank for S$1.1 billion in 2021 to expand its presence in emerging markets.The stake in SRCB provides DBS with greater access to the Greater Bay Area and the supply chains within the region which CEO Piyush Gupta believes will become an “economic powerhouse” in the decades ahead.Meanwhile, the DBS Digital Exchange (DDEx) has reported an 80% year on year surge in the amount of Bitcoin traded through the platform in 2022.Ether, another popular cryptocurrency, saw its trading volumes soar by 65% year on year over the same period.DBS launched DDEx back in late 2020 and it remains a members-only exchange that serves corporate and institutional investors, accredited investors, and family offices.The good news is that DDEx managed to double its membership base last year to 1,200 participants, and prospects seem bright for the exchange to continue onboarding new members.Sembcorp Marine (SGX: S51) and Keppel Corporation Limited (SGX: BN4)In other news, Sembcorp Marine (SMM) received overwhelming support for its proposed merger with the Offshore and Marine (O&M) division of Keppel Corporation.At the extraordinary general meeting convened to approve this deal, over 95% of the votes cast were in favour of the merger.With this approval signed and sealed, it paves the way for the two oil and gas giants to combine into a stronger, well-capitalised entity to weather the challenges plaguing the industry.The enlarged entity is also well-positioned to bid for projects in the renewable and traditional energy segments.However, the same set of risks still applies to the new entity.There will be restructuring and integration issues related to merging Keppel’s O&M division with SMM.Cost inflation may be another bugbear that the new entity needs to deal with.The picture for the enlarged SMM will look clearer once the rig giant releases its first set of financial statements post-merger.US inflation dataThe latest inflation data from the US seems to indicate that high inflation is not going away anytime soon.The US Consumer Price Index (CPI) saw a month-on-month increase in January, moving up by 0.5 percent, with higher rental and food costs being the main culprits.On a year-on-year basis, prices were 6.4% higher.Although this level was slightly lower than the 6.5% logged in December 2022, it was still above economists’ expectations of 6.2%.Because of this number, investors are now concerned that the US Federal Reserve could hike interest rates more than originally projected.There are rumblings for a 0.5 percentage point increase that may seep into the central bank’s decision-making sentiment and spark off a stronger attempt to rein in inflation.Warren Buffett and TSMC (NYSE: TSM)Elsewhere, there was a sense of disquiet among investors when news broke that Warren Buffett had reduced in his ownership of Taiwan Semiconductor Manufacturing Company or TSMC.The savvy investor’s company, Berkshire Hathaway (NYSE: BRK.B), had previously taken close to a US$5 billion stake in the world’s most advanced microchip manufacturer back in November last year.After just a quarter, Buffett’s holding company sold off 86% of its stake.Assuming the sale was made at the average price during the period, it would have netted the investment firm a cool US$3.7 billion.Warren Buffett is known for making long-term bets, so this action may run contrary to what investors are used to seeing.Last month, TSMC announced a robust set of earnings with net revenue climbing 33.5% year on year to US$75.9 billion.However, in light of weaker demand within the technology industry, TSMC has slashed its capital spending budget by 10% to US$36 billion, down from US$40 billion previously.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9957039812,"gmtCreate":1676725478537,"gmtModify":1676730103836,"author":{"id":"4139676140967832","authorId":"4139676140967832","name":"Majid Bin Abdul Rahim","avatar":"https://community-static.tradeup.com/news/d59570b47b142246a047606c561971e6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4139676140967832","authorIdStr":"4139676140967832"},"htmlText":"May Almighty ALLAH bless and reward us with good.","listText":"May Almighty ALLAH bless and reward us with good.","text":"May Almighty ALLAH bless and reward us with good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957039812","repostId":1141645965,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954770665,"gmtCreate":1676682727758,"gmtModify":1676682731428,"author":{"id":"4124535038630542","authorId":"4124535038630542","name":"SkyJT","avatar":"https://community-static.tradeup.com/news/7620330dee6c8fbb0ed0a7a50f3b8d45","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4124535038630542","authorIdStr":"4124535038630542"},"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954770665","repostId":1141645965,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954747644,"gmtCreate":1676682333188,"gmtModify":1676682337117,"author":{"id":"3582000520700468","authorId":"3582000520700468","name":"Worpeng2002","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000520700468","authorIdStr":"3582000520700468"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954747644","repostId":1141645965,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9954741451,"gmtCreate":1676680148173,"gmtModify":1676680152394,"author":{"id":"3581823222182692","authorId":"3581823222182692","name":"AJAJ","avatar":"https://static.tigerbbs.com/d39956ed0487a0f393611b7d94da0db0","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3581823222182692","authorIdStr":"3581823222182692"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954741451","repostId":1141645965,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105823686,"gmtCreate":1676685427012,"gmtModify":1676685430545,"authorId":3565579816305782,"author":{"id":3565579816305782,"idStr":"3565579816305782","authorId":3565579816305782,"name":"wenjin","avatar":"https://static.tigerbbs.com/d5a7509809f1dc972f0b5c45604f9b90","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9954741451,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":9954743933,"gmtCreate":1676679855323,"gmtModify":1676679860657,"author":{"id":"4097750438225520","authorId":"4097750438225520","name":"Simonnov","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4097750438225520","authorIdStr":"4097750438225520"},"htmlText":"Ic","listText":"Ic","text":"Ic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9954743933","repostId":1141645965,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105823130,"gmtCreate":1676680139843,"gmtModify":1676680143116,"authorId":3581823222182692,"author":{"id":3581823222182692,"idStr":"3581823222182692","authorId":3581823222182692,"name":"AJAJ","avatar":"https://static.tigerbbs.com/d39956ed0487a0f393611b7d94da0db0","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.14","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9954743933,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ic</span>","text":"<span class=\"s1\">Ic</span>","html":"<span class=\"s1\">Ic</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":183,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}