To The Moon

$PARAGON REIT(SK6U.SI)$ Any chance of a turnaround?

$IFAST(AIY.SI)$ Making a bit of a comeback?

Interesting

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ UOB’s third-quarter results were strong as net interest margin expanded by more than we had expected, and credit cost was lower as asset quality remained prudent. While both improvements in performance were in line with our expectation, the magnitude of the trends was better than anticipated. Net profit after tax was up 26% quarter on quarter, or 34% higher against the same period last year. We are raising our fair value estimate slightly to SGD 40 per share from SGD 39 per share and have made changes to our forecasts to account for higher net interest margins and lower credit cost in 2022, offset by an acceleration of staff costs.

$DBS GROUP HOLDINGS LTD(D05.SI)$ DBS Group Holdings traded at 33.36 this Friday December 9th, increasing 0.01 or 0.03 percent since the previous trading session. Looking back, over the last four weeks, Dbs Group Holdings gained 3.42 percent. Over the last 12 months, its price rose by 4.58 percent. Looking ahead, we forecast Dbs Group Holdings to be priced at 33.87 by the end of this quarter and at 31.94 in one year, according to Trading Economics global macro models projections and analysts expectations.

$OVERSEA-CHINESE BANKING CORP(O39.SI)$ Oversea-Chinese Banking Corporation’s, or OCBC's, third-quarter result was above our expectation with net profit increasing 31% year on year to SGD 1.6 billion, or 8% against last quarter. While net interest margin was a positive surprise similar to peers DBS Group and UOB, OCBC’s net interest margin of 35 basis points against the second quarter, to 2.06%, was the largest between the three banks. Higher asset yields were the main driver while the bank noted that a repositioning of its deposit book to focus on cash management accounts for SMEs and corporates also contributed. These cash management accounts are mainly current and savings deposits, which attract lower deposit cos

$Amazon.com(AMZN)$ Amazon (AMZN) woke up with a headache Wednesday morning as thousands of consumers were unable to access the e-commerce website or complete purchase orders. The Amazon outage lasted several hours as AMZN stock was only down marginally and shares eventually moved into positive ground. At 10 a.m. ET, about 12,000 consumers reported having purchase issues, according to Downdetector, which tracks outages. The company confirmed the issue had been resolved after 11:30 a.m. Amazon stock edged up a fraction, closing at 88.46 on the stock market today. Some shoppers received a message from Amazon saying: "Sorry. We're experiencing unusually heavy traffic. Please try again in a few seconds." As the Amazon ou

$Alibaba(09988)$ Alibaba surged again Wednesday after two big Chinese cities — Guangzhou and Chongqing — announced an easing of Covid curbs. Sentiment was positive in Alibaba stock Tuesday after China's National Health Commission said lockdowns in the country should be lifted "as soon as possible," but is BABA stock a buy now? Meanwhile, officials in Zhengzhou announced an "orderly" resumption of businesses. Zhengzhou is home to a Foxconn factory that makes iPhones. China also said Tuesday it would do more to vaccinate China's elderly population. About 90% of China's total population is fully vaccinated. For those 80 and older, 65.8% are fully vaccinated but only 40% have received a booster. BABA, along with J

$DBS GROUP HOLDINGS LTD(D05.SI)$  JP Morgan has downgraded DBS Group Holdings to “neutral” with an unchanged target price of $37 as it sees the group’s future earnings growth already priced in. According to analyst Harsh Wardhan Modi, JP Morgan’s global economics team is anticipating a US recession in 2023, which has implications for growth in Asia. “A probability-weighted outcome of growth/asset quality disappointment is priced in, but not enough, in our view,” says Modi. As current accounts and savings account (CASA) depositors switch to fixed deposits, DBS’s higher cost of funds should increase faster than the street’s expectations, Modi reckons, and this may imply that net interest margin (NIM) expansion may be

$Tesla Motors(TSLA)$ stock was rising this afternoon after Federal Reserve Chairman Jerome Powell said that smaller interest rate hikes will begin in December. That news caused market indices to jump -- with the S&P 500 gaining 2.3% and the Nasdaq Composite rising 3.4% -- and they took Tesla's share's along with them. The electric vehicle stock was up by 5.3% as of 3:34 p.m. EST.  Speaking at the Brookings Institution today, Powell said that the Federal Reserve will likely begin smaller increases to the federal funds rate at its December meeting. Powell also said that the Fed's moves, including past interest rate hikes, will take time to slow inflation and that "it makes sense to moderate the pace of our