STI ETF

[yumsang]

The world outside in havoc but STI is amazingly resilient.

 

[SaberTifa]

Yes. I have sold STI ETF.
Even if it can go higher, it is only about a few percent. The price action of STI index lags the US indices by a few months, so it is likely to go down instead.

Plenty of downside risks, starting with US & EU rolling into recession and reducing demand for Singapore exports. Wait till H1 2023 to see the full blown effects of US Fed rate hikes and quantitative tightening spread chaos into the whole US-EU & allies (that includes Singapore) that boycott Russian commodities. China is not going to save Singapore because the CCP is committed to property deleveraging.

Stay away from STI ETF, all the banks and property developers this whole year.

In case you're wondering, Singapore's economy was also boosted by the jump in property sector related loans from 2020 to 2021. Govt stimulus enabled local jobs to continue, thus enabling more property loans to be taken for speculation/investment! Its effect is already priced into the stock market. Further debt growth requires higher real wage & population growth, which unfortunately is challenged by higher energy/food/commodity prices and tightening of foreign immigration rules.
https://tradingeconomics.com/singapore/loans-to-private-sector

Thank you stanlawj, would check next year and see how.

 

[dappermen]

STI better or index of Reits?

Lol! wat a choice of song

 

[crystalnox]

STI better or index of Reits?

Lol! wat a choice of song

This is deceiving, at first glace it looks like REITS are way ahead. But to date they haven't recovered to their pre COVID highs yet.

 

[dappermen]

This is deceiving, at first glace it looks like REITS are way ahead. But to date they haven't recovered to their pre COVID highs yet.

but STI is also not abv its heights at Jan 13, 2020 $3267 too or $3592 Apr30, 2018
https://www.sgx.com/indices/products/sti#Constituents
& pls Pofma Business times for that article

how could it be possible that people will wanna return back to office (reits) to work n to all cluster and eat out, sorry this is not what i observed..............
More green reits -probably
A post-covid era will never be the same as pre-cov, a mirage!

in fact , i find it weird when many cheong to buy more office and retail reits!! for?

who will return to office? and who wanna shop at brick & motar malls? we need more of Logistic-reits to be added onto iedge S-reits instead
https://forums.hardwarezone.com.sg/...ay-or-will-u-really-chiong-gss.6737712/page-3
which is why ESR and Ara logos merged , more mergers to come

 

[crystalnox]

but STI is also not abv its heights at Jan 13, 2020 $3267 too or $3592 Apr30, 2018
https://www.sgx.com/indices/products/sti#Constituents

That's true, but in that case they should have gone all the way back to 2018 to compare both. Using a non-zero'ed starting point smells like they were paid to force the image of S-REITs as superior even though STI outperformed in their chosen timeline of 2019-present.

 

[1l92041H]

That's true, but in that case they should have gone all the way back to 2018 to compare both. Using a non-zero'ed starting point smells like they were paid to force the image of S-REITs as superior even though STI outperformed in their chosen timeline of 2019-present.

This is why I cancelled my subscription decade ago.

 

[limster]

That's true, but in that case they should have gone all the way back to 2018 to compare both. Using a non-zero'ed starting point smells like they were paid to force the image of S-REITs as superior even though STI outperformed in their chosen timeline of 2019-present.

 

[stanlawj]

Yes. I have sold STI ETF.
Even if it can go higher, it is only about a few percent. The price action of STI index lags the US indices by a few months, so it is likely to go down instead.

Plenty of downside risks, starting with US & EU rolling into recession and reducing demand for Singapore exports. Wait till H1 2023 to see the full blown effects of US Fed rate hikes and quantitative tightening spread chaos into the whole US-EU & allies (that includes Singapore) that boycott Russian commodities. China is not going to save Singapore because the CCP is committed to property deleveraging.

Stay away from STI ETF, all the banks and property developers this whole year.

In case you're wondering, Singapore's economy was also boosted by the jump in property sector related loans from 2020 to 2021. Govt stimulus enabled local jobs to continue, thus enabling more property loans to be taken for speculation/investment! Its effect is already priced into the stock market. Further debt growth requires higher real wage & population growth, which unfortunately is challenged by higher energy/food/commodity prices and tightening of foreign immigration rules.
https://tradingeconomics.com/singapore/loans-to-private-sector

I'm reiterating my past comment. Further downside for the rest of the year till 2023. STI index broke the shallowest uptrendline from Nov 2021 and technicals already pointing towards downtrend (50-MA going to cross below 200-MA soon).

When STI and bank stocks are up during Jan and April, plenty of bullish comments claiming the interest rate hikes will benefit banks, STI & bank stocks going higher and higher, forgetting that the reason why they were surging was the anticipation of coming rate hikes, not the actual rate hikes itself.

Nevertheless, the current correction in STI will not be as steep as US stocks, because STI didn't get overvalued, only fairly valued. So downside will rather be limited (STI -> 3000 / 2900, only -12% to -17%).

 

[churnmaster]

I'm reiterating my past comment. Further downside for the rest of the year till 2023. STI index broke the shallowest uptrendline from Nov 2021 and technicals already pointing towards downtrend (50-MA going to cross below 200-MA soon).

When STI and bank stocks are up during Jan and April, plenty of bullish comments claiming the interest rate hikes will benefit banks, STI & bank stocks going higher and higher, forgetting that the reason why they were surging was the anticipation of coming rate hikes, not the actual rate hikes itself.

Nevertheless, the current correction in STI will not be as steep as US stocks, because STI didn't get overvalued, only fairly valued. So downside will rather be limited (STI -> 3000 / 2900, only -12% to -17%).

I agree. Bank stocks do well during yield curve steepening. Once curve starts flattening, momentum fades with concerns about NPAs and defaults along with margin compression.

With prices around 3.40, it was one of the best opportunities to lighten up and buy back later at a lower level. First, major support around 3050-3100 level for STI.

 

[Kojo0403]

just allocated a bit into es3 today

 

[googoogaga]

just allocated a bit into es3 today

Not a good time to enter es3

 

[Mr. Wood]

https://www.dbs.com/insightsdirect/screener?source=landing&sourceid=tmp&portsec=-1&portid=38418

Watch out for swings from STI 3220/3260; resistance to 2985/3040 support

• 2Q results affirm our preference for reopening beneficiaries

• Five stocks resilient against global demand slowdown

August jinx. STI’s 3.35% m-o-m July rebound is in line with our expectation. However, August has been consistently down m-o-m for the STI in non-crisis years since 2010 (average decline 3.92%, median decline 3.2%). This is true regardless of US mid-term elections (Year: 2018, 2014, 2010), which tends to create a benign environment for US markets in the three months leading to it. We believe this August will be no exception, given uncertainties about global growth slowdown, inflation, and rising rates. We see STI rangebound over the next one to two months between resistances 3220/3260 and support at 3090, 3040, and 2985.

2Q results affirm our preference for reopening theme. Stocks that have released strong earnings are (1) SIA amid the rapid turnaround in passenger traffic/volume and as yields strengthened, (2) FCT as tenant sales reached c.110% and shopper traffic rose to a new high of 79% versus pre-COVID levels, and (3) Keppel REIT on the strong double digit rental reversions by Singapore assets. Meanwhile, GENS results release in August should be watched. Marina Bay Sands had reported better-than-consensus numbers recently, which dispels concerns that recovery for the Singapore gaming sector will be moderate due to the lack of Chinese tourists

Five stocks resilient against global demand slowdown. Other than reopening beneficiaries that benefit from pent-up travel demand, we also prefer companies/sectors that exhibit resilience in their business models as concerns about the global growth slowdown continue to weigh on markets even as rates stay elevated. Our picks are (1) Sembcorp Industries for being a green transformation and utility play, (2) Consumer staple Sheng Siong with organic growth from higher store count, (3) Singtel for its structural (e.g., 5G adoption) growth that’s less reliant on economic conditions, (4) ST Eng rides on crucial global needs of digitalisation, urbanisation, sustainability, and security, and (5) Venture Corp for its robust customer base and ability to command higher margins.

 

[xsoldix]

Not a good time to enter es3

DCA should be fine.

 

[havetheveryfun]

still not announced the aug dividends

 

[1l92041H]

> 6 cents for aug?

 

[70niner]

https://links.sgx.com/1.0.0/corpora...3da5a227ed54f94e0512f39d9a152c0d5c83aea7f5574
6.1 cents

 

[TehSi99]

Read somewhere historically Aug is a bad month for STI.
Anyone can verify?

 

[direbmem]

But STI is at its peak now

 

[xXxJavierxXx]

Read somewhere historically Aug is a bad month for STI.
Anyone can verify?

Bad for those who didn't buy at pandemic low.