Stocks Investment

Notice

2021-02-28T21:27:00.002+08:00

WeeklyWrap Have Been Moved Back to https://sgtraderclub.blogspot.com/

Rising Rates Weight on Stocks

2021-02-21T21:20:00.008+08:00

Summary of content for the week of Feb 19:

1. Week 7 major indexes performance;

2. Week 7 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

U.S

U.S three major indexes finished the holiday-shortened week mixed and very near the flatline, with DJI index the only one closed positive. SPX and Nasdaq(COMP) hit fresh record highs but closed down by profit-taking, attributed to the upward move in interest rates.

The 10-year Treasury yield of 1.34% on Friday close rebounded back to its level one year ago when pandemic outbreak. Despite the sharp rise recently, the rates remain historically low. Take a look at below 10-yr Treasury Rate(%)

Source: Bloomberg

Analysts opined the recent rise in interest rates that has been driven by higher expected inflation, and by potentially less Fed stimulus. Given that the rates remain historically low and ongoing negations over the coming fiscal-aid package, Fed's dovish stance to keep short term rates accommodative to economy recovery, the rising rates unlikely derail the favorable fundamental outlook.

An increase in longer -term interest rates are unfavourable on fast-growing technology stocks, by raising the discount rate on future earnings. Technolgy(XLK) among the laggers in the SPX 11 sectors indexes as shown in below weekly sector indexes performance table. Conversely, the increase in rates favored bank shares by boosting lending margins and helped value shares outperformed growth stocks. Financials(XLF) are among top performing sector indexes for the week. Energy(XLE) was the best performing index as bad weather forced to shutdown the massive oil and gas infrastructure, reducing the oil supplies.

China/HK

China SSE index rose 1.1% in just two-trading days, after reopened from 7-day long Chinese New Year holiday. The HSI index in Hong Kong was the best performing index for the week, with 1.6% gain. Both SSE and HSI are in a bullish trend and expected to rebound further.

Singapore

STI index reversed down from its two-week up streak, closed at 2880 level where it had a bullish breakout seven-week ago, now becomes resistance-turn-support level technically. Expected the index will have limit downside with major support level at 2880-2800 going forward. Top pick DBS bank.

Stocks Hit New Highs Bulls are In Charge, Happy Lunar New Year

2021-02-14T15:41:00.003+08:00

Summary of content for the week of Feb 12:

1. Week 6 major indexes performance;

2. Week 6 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

Wish all Readers Happy Chinese New Year, good health and fortune in the year of Ox!

U.S

U.S three major indexes notched a 2nd week of gains and reached record highs heading into the Presidents' Day long holiday weekend, helped by strong earnings growth, picked up distribution of vaccine and the increasing likelihood of additional fiscal stimulus.

Among the 11 major SPX sectors(refer to below sector indexes weekly performance table), the cyclicals Energy(XLE),Technology(XLK), Communication Services(XLC) and Financials(XLF) are among top performing sectors and defensives such as Utilities(XLU) and Consumer Discretionary(XLY) are lagging.

China/HK

Chinese markets rallied ahead of the Lunar New year holiday. The SSE index gained 4.54%, was the top performing index in my major indexes weekly performance table below. SSE index hit multi-year new high since Dec 2015.HSI index was the 2nd best performing index for the week, also closed new high since Apr 2019.

As laggers last year, the Asia major indexes SSE, .HSI and STI expected to catch up this year along with positive economic outlook.

Singapore

STI edged up for 2nd week of gains. Singapore as a small country still facing lots of uncertainties on its road of recovery from Covid-19 pandemic, its benchmark index STI is picking up slow and steadily. Expected plenty of room to upside with immediate technical target is at 3100 level.

Bulls Regain Control, Hit Record Highs

2021-02-07T23:36:00.006+08:00

Summary of content for the week of Feb 5:

1. Week 5 major indexes performance;

2. Week 5 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

U.S

U.S stocks finished solid higher, recovered all of last week's declines helped by fiscal stimulus plans and vaccine optimism. SPX, Nasdaq indexes all reached record highs. Energy stocks outperformed as crude oil prices hit their highest level in over a year on a surprising decline in U.S reserves.

Nasdaq(COMP) added 6.01% for the week, was the top performer. Among 11 SPX sectors, Materials(XLB) outperformed and Healthcare(XLV) and Consumer Discretionary(XLY) stocks lagged.

Short Squeeze Unwinds. The social media Reddit coordinated "short-squeeze" targeting hedge funds short-sellers with positions in GameStop and a few other companies also abated(#GME price dropped more than 80% this week), buyers turned their attention instead to the silver market, sending silver prices to their highest level since 2013.

China/HK

Shanghai SSE index rose for the week. Sentiment improved following reports that Alibaba group reached an agreement with regulators over the restructuring of its fintech affiliate Ant group, whose record USD 34.4 billion IPO was canceled in November.

Kuanshou IPO. In HK, a record oversubscription by retail investors for the USD 5.4 billion IPO of Kuaishou Technology(1024.HK) revealed huge investor appetite for Chinese tech companies. Shares of the short video-sharing app surged 161% in its HK public trading debut on Friday, making it the largest IPO since Uber went public in 2019, according to Bloomberg.

Singapore

STI index rebounded this week after a two-week down, current index level supported by its 50dma at around 2890. Upside immediate resistance at recent high 3017 level.

Stocks Declined Sharply as "Short Squeezes" Drive Unsual Price Action

2021-01-31T21:45:00.006+08:00

Summary of content for the week of Jan 29:

1. Week 4 major indexes performance;

2. Week 4 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

U.S

Major Indexes SPX, DJI and COMP(Nasdaq) recorded their largest weekly loss in three months. SPX ended in a five-week low. Technically SPX closed at 3714.24, just beneath its 50dma at 3715.95 level, immediate technical support at 3630-3645 level if it continues downside move. All three indexes' major weekly uptrend still well intact.

Major indexes performance for the month of Jan. SPX and DJI have given back all their gains and ended in red YTD. HSI index is the best index with 3.9% YTD return.

Market Hotspot- GameStop and Short Squeeze

GameStop(#GME) was targeted by online forum Reddit the "WallStreetBet" (or is commonly referred as "WSB") to aginst the establishment "big-boys" short-sellers, due to its more than 100% short-selling interest by those institutional short-sellers and hedged funds. In a short trade, which is a bearish position, an investor borrows shares and sells them, hoping to buy them back at a lower price in the future.

What is "Short Squeeze"? In a "short squeeze", a rising stock price can force short investors to buy back the shares at a higher price, incurring losses on their bearish positions as they "cover" their shorts. If enough bearish investors cover their short positions, they can drive the stock price even higher.GameStop(#GME) and AMC Entertainment(#AMC) were two of the heavily shorted stocks that experience short squeezes, causing huge price gains and major losses on short positions.

Is this market top from here?

In short, we think this is not this bull market's end given that the fundamental outlook hasn't changed on below three aspects:

1) Outlook of the economy still on the recovery and expected to gain momentum after vaccine getting smoother. The government's massive fiscal stimulus will support the recovery.

2) Corporate earnings are rising, offering sufficient support for current elevated valuations.

3) Monetary policy, the Fed interest rate kept at low and monetary stimulus in place for at least next two years.

SPX Sector Indexes Weekly Performance All 11 sectors ended in the red, Energy(XLE) lost the most with 6.5% down.

China/HK

China SSE index recorded a weekly drop amid fears its central bank PBOC was turning hawkish after it drained over RMB 300 billion from the banking system in the week. SSE index ended in a four-week low, pull back to test 3450 level where it had bullish breakout 4-week ago. Technically, 3450 level is major support.

HSI index ended the first week down after a four-week rally in a row, it has formed a pretty bearish engulfing candlestick pattern on its weekly chart, which indicates potential further downside but it appears the bullish outlook has not changed, expected uptrend will resume after short-term profit-taking.

Singapore

STI had its largest decline in three months for the week, pull back after the previous two-week sideway. Immediate technical support at its 50dma 2886 level. This year's target unchanged at 3100.

Stocks Continue to New Highs on Stimulus Hopes

2021-01-24T20:18:00.006+08:00

Summary of content for the week of Jan 22:

1. Week 3 major indexes performance;

2. Week 3 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

U.S

Major three U.S indexes closed new high for the week, despite retreat on Friday. In focus is the $1.9 trillion stimulus plan and worsening coronavirus news, coupled with the vaccine rollout.

It's expected the bull market has further room to run, though a period of consolidation and short term pullback is highly possible as markets have already priced in improvement in fundamentals. Rising corporate earnings and easy Fed policy are a powerful combination for rising stock markets.

Among 11 major SPX sectors, five sectors closed positive and six sectors closed in the red. Communication services(XLC) outperformed for the week, boosted by sharp gain in Netflix. Technology(XLK) also very strong. Financials(XLF) and Energy(XLE) lagged. Refer to below sector weekly performance table for details.

This week will see more corporate earning results out. On Wednesday Jan 27, the three heavyweights Apple(AAPL), Tesla(TSLA), and Facebook(FB) will report their earnings.

China/HK

China's SSE index rallied amid strong economic data and on hopes of warmer U.S-China relations under Biden's administration. China's 4Q GDP growth accelerated to 6.5% yoy, making it the only major economy to regain its pre-virus trend. Both SSE and .HSI weekly charts have had a four-week rally in a row, seen strong buying interests in Chinese stocks, especially Chiese technology stocks, such as Tencent(700hk), Alibaba(9988hk),Meituan(3690hk) etc. Technically both indexes appear to be overbought after a recent rally, expected short-term consolidation or pullback before a further upside move.

Singapore

STI has a good start this year but it still has far more room for upside to catch up. Immediate technical resistance at 3100, expected the banks and Semicon names will perform better. Semicon globally under huge demand this year, Singapore-related companies such as AEM, UMS, Micro-mechanics etc expected to perform better.

Biden's $1.9 Trillion Recovery Plan Failed to Lift Stocks

2021-01-17T20:20:00.006+08:00

Summary of content for the week of Jan 15:

1. Week 2 major indexes performance;

2. Week 2 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

U.S

U.S stocks fell slightly this week ahead of a three-day holiday weekend, as disappointing data and mixed earnings, appeared to shrug off Biden's $1.9 trillion recovery plan. U.S equity markets will be closed for a public holiday on coming Monday. Below are major events highlights and their implications for the week:

1. Joe Biden announced a $1.9 trillion stimulus plan to counter the effects of COVID-19, which is about 9% of GDP. The plan will accelerate the recovery in the economy and add to the already excessive supply of bonds, benchmark 10-year Treasury yields have risen steadily to 1.087% from below 1% started the year.

2. Stock Selection: Steep yield curve is good for financial-sector stocks such as banks, also economically sensitive sectors such as industrials, energy and materials. While defensive sectors such as utilities, real estate and consumer staples lagged historically. The Technology sector has performed well historically during rising and falling rates due to its strong earnings delivery.

3. Q4 earnings season kicked off this week. JPMorgan(#JPM), Citi(#C), Wells Fargo(#WFC) reported mixed results.

Technically, the SPX index closed the first week down after a three-week up streak, off the peak after hitting a new record high the previous week. Uptrend is well intact but facing short-term downside risk.

China/HK

Two weeks into the new year 2021, the three major Asia indexes in my table below i.e .HSI, SSE and STI have seen obviously better performance than the U.S three, with at least 2% YTD return each while the U.S three recorded less than 1% return separately. We expect this trend to be continued this year as the underperformed Asia stocks appear more attractive as compared to the already rocket-high U.S stocks.

China's SSE index fell after four-week up in a row. U.S added another nine Chinese companies to its investment blacklist, total to 44 names. Alibaba(BABA, 9988.HK) and Tencent(700.HK) were volatile on report they too would be added to the list. Xiaomi(1810.HK) fell sharply on Friday on its unexpected addition to the list.

HSI index has been rallied three-week in a row, very bullish, the index expected to play catch-up this year after the under-performed previous year.

Singapore

STI had a very strong start in the year 2021, has been the best performer in the first two weeks with 5.66% YTD return. Technically it appears more room to upside move. Immediate target level 3100 in the coming weeks. Refer to below major indexes weekly performance table and weekly charts.

Stocks Hit New Highs on Stimulus Hopes, Electric Cars and Bitcoin Under Spotlight

2021-01-10T18:41:00.004+08:00

Summary of content for the week of Jan 8:

1. Week 1 major indexes performance;

2. Week 1 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

4. Sector/Stocks In Focus

U.S

U.S major indexes continued to march higher to record highs despite the violence in the U.S Capitol Hill on Wednesday, as markets are on high hopes of more massive stimulus packages after the Democrats secured the Senate majority following its victories in Georgia runoff. Major events and economic data for the week:

1. Energy sector was the top-performing SPX sector as Saudi Arabia made a surprise announcement to cut oil production by 1 million barrels per day.

2. Democrats control across the White House and Congress will pave the way for stimulus packages and also raise corporate tax and increase taxes on high earners.

3. ISM manufacturing data in Dec rose to 60.7, its highest level since Aug 2018. ISM service sector also surprised on the upside, hitting 57.2, its highest in three months. But labor market showed a sharp slowdown as nonfarm payrolls fell in December., its first decline since Apr.

Electric Cars and Bitcoin Surging Higher. Tesla(TSLA) hit 880.02 added 25% this week. Chinese top electric car makers such as NIO Inc(NIO) also added 21% for the week, as Tesla launched its new Model Y on the first day of the new year 2021 with cutting down on its price, attracted massive orders in China. Elon Musk, the CEO of TSLA now world the richest person, overtaking Jeff Bezos from Amazon(AMZN).

Bitcoin hit a new high, closed at 40535 this week, added nearly 40% from the previous week. Bitcoin-related stock and ETF such as Marathon Patent(MARA) +153% this week to 26.39, RIOT Blockchain(RIOT)+57% to close at 26.59 this week.

China/HK

China's SSE index began the year on a very strong note, SSE index closed a multi-year new high since Jan 2018. Technically, SSE index finally had a bullish breakout from its five-month sideway consolidation range, further upside expected. Foreign funds continue to flow into China's bond and stock markets given the strong yuan and high yield as compare to the rest of the world.

HSI index rallied 2nd week to new high since Feb 2020, very bullish. The HSI index expected to play catch-up in 2021 after a poor performance in 2020.

The New York Stock Exchange(NYSE) reversing itself for 2nd time in one week, have decided to go ahead with delisting three Chinese telcos. The U.S government is also considering adding Alibaba(BABA, 9988.HK) and Tencent(700.HK) to its blacklist. But bargain hunters rushed in to buy up SMIC(981.HK) which blacklisted by U.S this week, pushing it to close at 25.0 hkd, a new high since Nov 2020.

Singapore

STI recorded its best weekly gain never seen for a long time. Added 5.25% this week and was the best performing index(refer to below major indexes weekly performance table). Singapore three bank led the rebound, it's expected STI will catch-up in the new year 2021 after being the worst performing index last year. The immediate target is 3100 level which is its major downtrend line resistance.(refer to below major indexes weekly charts)

Outlook 2021 and Top Buy Stocks(Lists)

2021-01-10T13:45:00.000+08:00

Two important lessons to learn from 2020 stock markets are to keep a long-term perspective and the belief that markets are forward-looking. Heading into 2021 we look forward to hopefully a year when the pandemic subsides, lives return closer to normal, and economic recovery picks up. Below are the highlights of the sectors with stock in focus for the year 2021.

1. Semiconductor/Chips: The global Semicon industry suffered its worst year in almost two decades and picking up to return to growth in 2020, according to World Semiconductor Trade Statistics. The group sees Semicon sales accelerating further in 2021. The fastest-growing category of semiconductors in 2021 is memory chips, with forecast growth at 13.3%. As electric vehicles, smartphones, 5G equipments etc all need chips, chips are in great demand. The largest chipmaker in the world is Taiwan Semiconductor Manufacturing(TSM), and other top players including Advanced Micro Devices(AMD), Nvidia(NVDA), Qualcomm(QCOM), Apple(AAPL), and ASML(AMSL). Or Semicon Sector ETF SOXX.

In Hong Kong, related top players including SMIC(981) Sunny Optical(2382), AAC Tech(2018) or Hang Seng TECH Index ETF(3033)

In Singapore, related tech players including AEM, Frencken, UMS

2. Food Delivery: Virus won't go away at least for quite some time, and home office will be the new norm. It's expected food delivery companies will do well. Companies in focus including Uber Tech(UBER), DoorDash(DASH).

3. Online Shopping and Logistics: Amazon(AMZN), Alibaba(BABA, or 9988.HK), Pinduoduo(PDD), ContextLogic(WISH), WISH is called the U.S version of China's Pinduoduo, just launched its IPO on Dec 16, it traded underwater to its IPO price US$24. and also FedEx(FDX) and United Parcel Service(UPS)

4. Remote Working: Zoom Video Communications( ZM), Cisco System(CSCO), Slack Tech(WORK), Alphabet(GOOGL), Facebook(FB), Microsoft(MSFT)

5. Online Education: TWOU(2U), Stride(LRN), 17 Education(YQ), GSX Techedu(GSX), TAL Edu(TAL) New Oriental Edu(EDU)

Hong Kong related stocks: New Oriental Edu(9901), Koolearn(1797)

6. Remote Healthcare: Teladoc Health(TDOC), American Well(AMWL), Veeva System(VEEV)

7. Online Entertainment: Netflix(NFLX)

8. Consumer Staples: Wal-Mart Stores(WMT), Costco Wholesale(COST), Procter & Gamble(PG), or SPDR Consumer Discret Sector ETF(XLY)

In Singapore, related stocks Wilmar.

9. Insurance and Wealth Management technology companies: Lemonade(LMND) Lufax(LU)

10. New Energy Vehicle companies: Tesla(TSLA), NIO, XPeng(XPEV), Li Auto(LI)

In Hong Kong, related stocks Ganfeng Lithium(1772) which is the top battery supplier to TSLA and other electric car companies.

In Singapore, there are two companies with very unique business thus give them unbalanced advantages: Nanofilm and Credit Bureau Asia.

A Look Back At An Unprecedented Year 2020

2021-01-10T13:44:00.000+08:00

Summary of content for the week of Dec 31:

1. Week 53 major indexes performance;

2. Week 53 US sector indexes performance;

3.Major indexes weekly charts of support and resistance levels;

4. Major Indexes monthly performance for December

5. Wrapping up the year 2020

U.S

U.S major indexes hit all-time highs in the holiday-shortened last week of the year. Stocks closed out a year of solid gains led by the technology-heavy Nasdaq Composite Index(COMP), which recorded its best annual performance since 2009, with a total 43.64% return.

To highlight, Consumer Discretionary(XLY) shares were very strong, as electric vehicle maker Tesla(TSLA) just joined the index. Energy(XLE) stocks lagged in the week.

A look back at an unprecedented year. The year 2020 will go down in history as one of the most memorable and unpredictable years of our lives. Below are some of the highlights(good and bad):

1. The fastest bear market and the fastest recovery from a bear market on record. SPX entered into the bear market from all-time highs in just 23 days, with 34% decline. On the flipside, SPX rebounded to new highs in Aug recorded the fastest recovery from a bear market on record in just four months. By year-end, SPX rallied 71% from March 23 bottom and closed 16% up for the year.

2. Record GDP swings. The U.S 2Q GDP contracted -31% annualised and rose 33% in 3Q after reopening of the economy.

3. Unemployment spikes. Apr 2020 saw the unemployment rate spiked to 14.7%-the highest level since the Great Depression from a 50-year low of 3.5% in Feb.

4. Fed's enormous asset buying. Fed injected over US$ 3 trillion over the course of four months, a similar amount it had done in four years in the 2008 financial crisis.

5. Negative oil rates. In Apr, oil prices fell into negative territory for -US$37 per barrel first time in history.

China/HK

China Shanghai SSE index finished at a new high since Feb 2018 as investors anticipated stronger growth in 2021. The great news before the year ended was EU and China agreed on an investment treaty after seven years of talks. The HSI index also closed at its highest since Feb 24 2020, further upside is expected. One company to highlight is Alibaba(BABA, 9988.HK) which saw its price rebounded in the last week of the year, after dropping as much as 33% from its all-time high on Oct 26.

Singapore

STI was the worst-performing index with an 11.76% loss( refer to my weekly index performance table below). It's hoped the Singapore stocks will do a catch up in the new year 2021 after the vaccine was carried out first in Asia. Technically, STI next major target is at the 3100 level.

PAX Global Technology 0327.HK

2020-08-17T11:29:00.003+08:00

PAX Global Technology Ltd Company Profile

PAX Global Technology Limited is a Hong Kong-based investment holding company principally engaged in the provision of e-payment terminal solutions. The main businesses of the Company include the development and sales of countertop and mobile e-payment terminals. It is also involved in the development and sales of consumer activated devices, contactless card-reading devices and e-payment terminal software. The Company mainly operates businesses in China, the United States and Italy.

Fundamentals:

P/E(Static) 8.98

P/B:1.18

Market Cap: 5.595billion HKD

Dividend Yield 1.16%

It's a cash-rich payment solution provider. Business growing fast along with the trend of cashless payment globally.

Top 10 Dividend Stocks in Singapore( Data updated Apr 22)

2016-04-24T23:22:00.000+08:00

Latest data update for top 10 Singapore dividend stocks as in below table. They must also satisfy criteria:

1. Cheap. P/B below 1;
2. Low P/E, below 20;
3. Low Debt/Equity

T T J Holdings Limited	28.07%
Accordia Golf Trust	18.71%
Second Chance Properties Ltd	13.65%
CDW Holding Limited	11.19%
Keong Hong Holdings Limited	9.89%
Karin Technology Holdings	9.85%
Pan Asian Holdings Limited	9.62%
Hutchison Port Holdings Trust	9.48%
Sim Lian Group Limited	9.45%
OUE Hospitality Trust	9.36%

Singapore REITs Highest Dividend Yield Stocks (Best Stock) Update

2016-04-24T23:06:00.002+08:00

Below screener result from data updated on Apr 22. Best REITs dividend yield stocks based on their Debt/Equity ratio, Dividend, P/E and P/B, basically we are looking for cheapest stock( low P/B) which giving high dividend yield.

Top three REITs with dividend yield:

Lippomall 9.39%

OUE HT 9.36%

Soilbuild 9.03%

(click to enlarge)

Singapore Stock Trading Online Platform

2016-04-23T01:25:00.000+08:00

There are 9 retail brokers in Singapore: CIMB, DBS, KGI, Lim&Tan, Maybank Kim Eng, OCBC, Phillips, RHB and UOBKH.

I tried few of them, after checked with quite number of my friends, I prefer Maybank Kim Eng for their more user-friendly online trading and mobile platform, good connection while trading on the move.

Below are the brokers details:

CIMB Securities (Singapore) Pte Ltd

www.cimbsecurities.com

Address: 50 Raffles Place
#01-01 Singapore Land Tower
Singapore 048623

Email: clientservices.sg@cimb.com

Hotline: 1800 538 9889

CIMB Securities (Singapore) Pte Ltd (“CIMB Securities”) is the international securities franchise of CIMB Group (the “Group”). It offers institutional and retail broking, wealth management and corporate advisory services in Singapore, Jakarta, Hong Kong, Bangkok, London and New York. CIMB Securities is also involved in investment banking activities in Hong Kong.

CIMB Securities is a wholly-owned subsidiary of CIMB Group, Malaysia’s second largest financial services provider and the second largest company on Bursa Malaysia, with a market capitalisation of RM55.3 billion as at 31 December 2011. The Group has over 40,000 employees located in 14 countries.

DBS Vickers Securities (Singapore) Pte Ltd

www.dbsvickers.com

Address: 12 Marina Boulevard
Marina Bay Financial Centre Tower 3, Singapore 018982

Email: feedback@dbsvickers.com

Hotline: +65 6327 2288

DBS Vickers Securities is the wholly-owned securities and derivatives arm of the DBS Group, one of the largest banking groups in Southeast Asia. DBS Vickers Securities has full stockbroking licenses in Singapore, Hong Kong, Thailand and Indonesia, as well as sales offices in London and New York, and a representative office in Shanghai.

DBS Vickers Securities offers a broad range of services, which include share placement and trading, derivatives trading, provision of corporate and economic research, nominee and securities custodial services. We are also an active player in the distribution of primary and secondary issues in the Singapore and regional capital markets.

KGI Fraser Securities Pte Ltd

www.kgifraser.sg

Address: 4 Shenton Way
#13-01 SGX Centre 2
Singapore 068807

Email: cso.sg@kgi.com

Hotline: +65 6236 2688

KGI Fraser Securities is one of Singapore's most established stock broking firms, with a history that dates back to 1873. As one of the pioneer stock broking firms in the region, KGI Fraser Securities has been serving the region's investors through a diverse range of financial services and products. This includes securities dealing, online & mobile trading, margin financing facility, equity research as well as corporate finance & advisory services. As a wholly-owned subsidiary of KGI Securities Co. Ltd. - the second largest securities company in Taiwan, KGI Fraser Securities provides investors links to stock exchanges all over the world: Singapore, Malaysia, New York, Hong Kong, Tokyo, Korea, Australia, Indonesia, Thailand and special access to Taiwan

Lim & Tan Securities Pte Ltd
www.limtan.com.sg

Address: 16 Collyer Quay
#15-00 Income at Raffles
Singapore 049318

Email: online@limtan.com.sg

Hotline: +65 6799 8188

Lim & Tan Securities was established in 1973. Its main activity is stock broking and the main focus of the company is the retail market. Believing in providing cutting-edge technology to its clients, Lim & Tan Securities was amongst the first to introduce Internet Share Trading in Singapore in October 1998.

In line with its belief in providing a fast and convenient way for clients to trade shares Online, multiple channels are provided for clients to access its easy to navigate Online trading platform to check prices and trade.

Maybank Kim Eng Securities Pte. Ltd
www.maybank-ke.com.sg

Address: 50 North Canal Road
Singapore 059304

Email: helpdesk@maybank-ke.com.sg

Hotline: +65 6432 1888

The Maybank Kim Eng group of companies comprises businesses stretching around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Great Britain and the United States of America, and has a presence in the Middle East through Anfaal Capital. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt capital markets, equity capital markets, derivatives, retail and institutional securities broking and research.

A leader in many of the Asian markets that it operates in, Maybank Kim Eng has won numerous prestigious awards in the markets that it serves. We have also achieved high rankings in league tables; according to Dealogic, we were the top Equity Capital Markets Bookrunner and a top-five Debt Capital Markets Bookrunner in Southeast Asia for 2014.

Maybank Kim Eng is the fully-owned investment banking arm of Maybank; one of Asia’s leading banking groups and South East Asia’s fourth largest bank by assets. Maybank has been ranked among the World's Top 20 Strongest Banks by Bloomberg Markets for two consecutive years - 2013 and 2014 - and has an international network of offices in 20 countries serving more than 22 million customers worldwide.

OCBC Securities Private Limited
www.iocbc.com

Address: 18 Church Street
#01–00 OCBC Centre South
Singapore 049479

Email: cs@ocbcsec.com

Hotline: 1800 338 8688

Established in 1986, we are one of the leading securities and futures broking firms in Singapore providing full brokerage services for securities, derivatives and leveraged foreign exchange trading.

OCBC Securities is mandated to provide the best electronic platform for our retail and institutional customers to execute trades in listed products, futures and foreign exchange contracts in the most efficient way using technology. Customers can trade both locally and globally with our extensive network of connectivity.

Phillip Securities Pte Ltd
www.phillip.com.sg

Address: 250 North Bridge Road
#06-00 Raffles City Tower
Singapore 179101

Email: talktophillip@phillip.com.sg

Hotline: +65 6531 1555

Established in 1975, Phillip Securities and its affiliated companies have since grown into an integrated financial group, PhillipCapital, which offers a full range of quality and innovative financial services to retail, corporate and institutional clients. Our comprehensive suite of financial services includes fund management, unit trusts, hedge funds, insurance planning, investment research and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

Today, we operate in the financial hubs of 13 countries, with offices in Singapore, Malaysia, Indonesia, Thailand, Hong Kong, China, Japan, Sri Lanka, Turkey, United Kingdom, France, Australia and USA.

In 1996, Phillip Securities pioneered the online trading for Stocks & Shares through "POEMS" and has constantly evolved into a range of platform suites from desktop to smartphones since then.

RHB Securities Singapore Pte. Ltd.
www.rhbinvest.com.sg

Address: 10 Collyer Quay
#09-08 Ocean Financial Centre
Singapore 049315

Email: sg.clientservices.ops@rhbgroup.com

Hotline: + 65 6438 8810

RHB Securities Singapore Pte. Ltd. (“RHB Sec”) is a wholly-owned subsidiary of RHB Investment Bank Berhad (RHBIB).

RHB Sec, formerly known as DMG & Partners Securities Pte Ltd (“DMG”), was established in 1987 when Morgan Grenfell (Asia) acquired 49% shareholding in Su E-Min & Co (Stockbrokers). The joint-venture between OSK Investment Bank Berhad and Deutsche Asia Pacific Holdings Ltd started in 2006 when OSK Investment Bank Berhad acquired 51% of DMG. In 2012, OSK Investment Bank Berhad was acquired by RHB Capital Berhad. On 15 December 2014, RHBIB acquired the remaining 49% holdings from Deutsche Asia Pacific Holdings Ltd.

UOB Kay Hian Pte Ltd
www.utrade.com.sg

Address: 8 Anthony Road
#01-01
Singapore 229957

Email: contact@utrade.com.sg

Hotline: +65 6536 9338

UOB Kay Hian is a regional broking and corporate finance service group with its headquarters in Singapore.

Together with our substantial shareholder UOB Bank, we are a widely recognised and trusted brand in every country we operate, a reputation built on our responsive and discreet service.

We have been a trusted broking partner to our clients with a long history equalled to the Singapore Exchange.

In Singapore, we are the largest stockbroker by both market capitalisation and size of sales force.