19 August update on stocks Singapore and USA

US: stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong

Gold gains as dollar, yields retreat after Fed minutes

*Singapore*

SGX H2 profit up 13.2% to S$232.7m, appoints Koh Boon Hwee as new chairman

ST Eng: TransCore acquisition crimps ST Engineering’s earnings, but more new orders seen

Marco Polo Marine Q3 revenue up 140% on shipyard, ship chartering growth

Asian Pay TV: PhillipCapital upgrades APTT to 'buy' due to recent share price weakness

Tee International to issue new shares worth S$7.5 million, proposes debt

restructuring

Sasseur REIT: tp: $1.08

HRnetGroup: avg tp: $1.11

Grand Venture Technology: tp 85 cts

Food Empire: tp 95 cts  ~ theedge

Healthcare plays will likely benefit from periods of high inflation with their ability to pass on higher costs to consumers due to inelastic demand, said DBS Group Research

Singapore: Dimmer prospects ahead for Singapore exports as July data reveals drag from China slowdown

Executive movement: Koh Boon Hwee to be SGX chairman from Jan 1

—-

*World*

Europe’s main stock markets mostly eased at the open following overnight losses in Tokyo and on Wall Street

*US*

Mizuho Securities Lowers Price Target on Pioneer Natural Resources Company to $316 From $334, Keeps Buy Rating

Piper Sandler Lowers Price Target on Analog Devices to $190 From $210, Keeps Overweight Rating

Morgan Stanley Adjusts Price Target on The AES Corp to $32 From $29.50, Keeps Overweight Rating

SEA: CGS-CIMB downgrades Sea to ‘hold’ on dimmer Shopee prospects

CGS-CIMB downgrades Sea to ‘hold’ on dimmer Shopee prospects

——-

*Asia / Apac Market*

Tencent shares ‘very undervalued’ as earnings poised for turnaround ~ morningstar

previous session: HK shares closed deep in negative territory on line with a sell-off across world markets after Federal Reserve minutes fanned concerns that interest rates will continue to rise and be held elevated until inflation is tamed; Korean shares extended losses for a second session on Thursday (Aug 18) tracking Wall Street’s overnight weakness, although sharp gains in heavyweight Samsung Electronics capped losses$Straits Times Index(STI.SI)$$SPDR Portfolio S&P 500 High Dividend ETF(SPYD)$$Nasdaq 100 ETF(QQQ)$ 

# 💰 Stocks to watch today?(28 Mar)

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