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Singapore shares rise amid mixed regional showing; STI up 0.4%
Singapore shares rise amid mixed regional showing; STI up 0.4%

Straits Times

timea day ago

  • Business
  • Straits Times

Singapore shares rise amid mixed regional showing; STI up 0.4%

Find out what's new on ST website and app. The benchmark index gained 17.63 points, or 0.4 per cent, to close at a new high of 4,207.13. SINGAPORE – The Straits Times Index (STI) extended its upward trajectory on July 21 amid a mixed performance in regional markets. The benchmark index gained 17.63 points, or 0.4 per cent, to close at a new high of 4,207.13. Across the broader market, gainers beat decliners 333 to 224 after 2.06 billion shares worth $1.4 billion changed hands. Among the blue-chip stocks on the STI, Frasers Logistics and Commercial Trust emerged as the top gainer on July 21. The counter rose 3.5 per cent, or three cents, to close at 88 cents. The worst performer was Wilmar International, which fell 1 per cent, or three cents, to finish at $3.02. Thai Beverage was the most actively traded constituent stock. The counter closed flat at 47.5 cents with some 51 million shares traded. Noting the 'huge rally under way' for Singapore's small- and mid-cap stocks, Phillip Securities head of research Paul Chew believes this could be 'just the first wave of re-rating' for undervalued stocks. Top stories Swipe. Select. Stay informed. Singapore Subsidies and grants for some 20,000 people miscalculated due to processing issue: MOH Singapore 2 workers stranded on gondola dangling outside Raffles City Tower rescued by SCDF Business Why Singapore and its businesses stand to lose with US tariffs on the region Singapore NTU introduces compulsory cadaver dissection classes for medical students from 2026 Business $1.1 billion allocated to three fund managers to boost Singapore stock market: MAS Singapore AI-powered app accurately identifies pre-dementia seniors, to be available in 2026 Singapore Jail for man who conspired with another to bribe MOH agency employee with $18k Paris trip Singapore Jail, caning for man who held metal rod to cashier's neck in failed robbery attempt 'The second wave could be news of the MAS $5 billion Equity Market Development Programme being deployed in phases. The actual deployment of the funds will carry the market another leg,' he said. The market could be further lifted by strong corporate results in the upcoming earnings season, he added.

Singapore shares hit new high; STI up 0.5%
Singapore shares hit new high; STI up 0.5%

Straits Times

time14-07-2025

  • Business
  • Straits Times

Singapore shares hit new high; STI up 0.5%

Find out what's new on ST website and app. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.46 billion securities worth $1.41 billion were traded. SINGAPORE – The benchmark Straits Times Index (STI) notched a new high on the first day of the trading week on July 14, after Singapore's economy beat market expectations to expand 4.3 per cent year on year in the second quarter of this year. The STI rose 0.5 per cent or 21.40 points to 4,109.21. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.46 billion securities worth $1.41 billion were traded. The top gainer on the benchmark index on July 14 was DFI Retail Group, which rose 3.5 per cent or US$0.10 to US$2.98. The day's biggest decliner was Yangzijiang Shipbuilding. The counter fell 0.9 per cent or $0.02 to $2.30. Casino operator Genting Singapore was the most actively traded counter by volume, with 47.4 million shares worth $34.5 million traded. The counter closed flat at $0.73. Regional exchanges ended mixed on July 14. Top stories Swipe. Select. Stay informed. Singapore HSA intensifies crackdown on vapes; young suspected Kpod peddlers nabbed in Bishan, Yishun Singapore Man charged over distributing nearly 3 tonnes of vapes in one day in Bishan, Ubi Avenue 3 Singapore Singapore to train more aviation and maritime officials from around the world Business Singapore's economy sees surprise expansion in Q2 despite US tariff uncertainty: Advance estimate Singapore High Court dismisses appeal of drink driver who killed one after treating Tampines road like racetrack Singapore 18 years' jail for woman who hacked adoptive father to death after tussle over Sengkang flat Singapore Jail, caning for man who had 285 child porn videos, including those that show infants Singapore Three power firms get co-funding to study carbon capture, storage to help Singapore decarbonise Japan's Nikkei 225 was down 0.3 per cent and Australia's ASX 200 fell 0.1 per cent. Meanwhile, Hong Kong's Hang Seng Index was up, by 0.3 per cent, as was South Korea's Kospi, which rose 0.8 per cent. Mr Paul Chew, head of research at Phillip Securities Research, noted that stock markets are at a record high, indicating market 'nonchalance' over US President Donald Trump's reciprocal tariffs, due to his propensity to constantly extend and soften tariffs. 'However, the rally in financial markets could backfire and embolden Trump to become more aggressive in his tariffs,' he said.

Singapore shares hit new high; STI up 0.5%
Singapore shares hit new high; STI up 0.5%

Business Times

time14-07-2025

  • Business
  • Business Times

Singapore shares hit new high; STI up 0.5%

[SINGAPORE] The benchmark Straits Times Index (STI) notched a new high on the first day of the trading week on Monday (Jul 14), after Singapore's economy beat market expectations to expand 4.3 per cent year on year in the second quarter of this year. The STI rose 0.5 per cent or 21.40 points to 4,109.21. Across the broader market, advancers outnumbered decliners 315 to 191, after 1.5 billion securities worth S$1.4 billion were traded. The top gainer on the benchmark index was DFI Retail Group , which rose 3.5 per cent or US$0.10 to US$2.98. The biggest decliner was Yangzijiang Shipbuilding . The counter fell 0.9 per cent or S$0.02 to S$2.30. Casino operator Genting Singapore was the most actively traded counter by volume, with 47.4 million units worth S$34.5 million traded. The counter closed flat at S$0.73. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Regional exchanges ended mixed on Monday. Japan's Nikkei 225 was down 0.3 per cent and Australia's ASX 200 fell 0.1 per cent. Meanwhile, Hong Kong's Hang Seng Index was up 0.4 per cent, as was South Korea's Kospi, which rose 0.8 per cent. Paul Chew, head of research at Phillip Securities Research, noted that stock markets are at a record high, indicating market 'nonchalance' over US President Donald Trump's reciprocal tariffs, due to his propensity to constantly extend and soften tariffs. 'However, the rally in financial markets could backfire and embolden Trump to become more aggressive in his tariffs,' he said. Chew added that in the current market, real estate investment trusts are attractive as the risk of trade war looms and interest rates in Singapore decline.

Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Roblox (RBLX)
Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Roblox (RBLX)

Globe and Mail

time10-06-2025

  • Business
  • Globe and Mail

Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Roblox (RBLX)

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Meta Platforms (META – Research Report) and Roblox (RBLX – Research Report). Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Meta Platforms (META) In a report released today, Paul Chew from Phillip Securities maintained a Buy rating on Meta Platforms, with a price target of $720.00. The company's shares closed last Friday at $697.71, close to its 52-week high of $740.91. According to Chew is a 5-star analyst with an average return of 14.6% and a 65.6% success rate. Chew covers the NA sector, focusing on stocks such as Alphabet Class A, NetLink NBN, and StarHub. ;'> Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $698.07, implying a 0.3% upside from current levels. In a report issued on June 2, Citizens JMP also reiterated a Buy rating on the stock with a $750.00 price target. Roblox (RBLX) TD Cowen analyst Doug Creutz reiterated a Sell rating on Roblox today and set a price target of $40.00. The company's shares closed last Friday at $95.80. According to Creutz is a 5-star analyst with an average return of 15.2% and a 64.4% success rate. Creutz covers the NA sector, focusing on stocks such as Live Nation Entertainment, Paramount Global Class B, and Starz Entertainment Corp. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Roblox with a $78.55 average price target.

2 Artificial Intelligence (AI) Stocks to Buy Before They Soar to $3 Trillion, According to Certain Wall Street Analysts
2 Artificial Intelligence (AI) Stocks to Buy Before They Soar to $3 Trillion, According to Certain Wall Street Analysts

Yahoo

time07-06-2025

  • Business
  • Yahoo

2 Artificial Intelligence (AI) Stocks to Buy Before They Soar to $3 Trillion, According to Certain Wall Street Analysts

Amazon and Alphabet have underperformed the S&P 500 year to date, but certain analysts see more than 40% upside in both stocks. Amazon is a triple threat with strong positions in e-commerce, digital advertising, and cloud computing, and the company has consistently beat Wall Street's earnings estimates. Alphabet is the market leader in digital advertising, and it's gaining market share in cloud services, but two antitrust lawsuits could force the company to break up. 10 stocks we like better than Amazon › Shares of Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) have fallen a few percentage points year to date despite a 2% return in the benchmark S&P 500 (SNPINDEX: ^GSPC). But certain Wall Street analysts anticipate substantial gains in those stocks in the next 12 months, as detailed below: Ivan Feinseth at Tigress Financial has set Amazon with a target price of $305 per share. That implies 44% upside from its current share price of $212. It also implies a market value of $3.2 trillion. Paul Chew at Phillip Securities has set Alphabet with a target price of $250 per share. That implies 45% upside from its current share price of $172. It also implies a market value of $3 trillion. Here's what investors should know about Amazon and Alphabet. The investment thesis for Amazon centers on its strong position in three growing markets. It runs the most popular online marketplace outside of China, powering nearly 41% of retail e-commerce sales in the United States. Amazon is also the largest retail media company, collecting nearly 77% of domestic-retail ad spending and 40% of global-retail ad spending. Finally, Amazon Web Services (AWS) is the largest public cloud, holding 29% market share in infrastructure and platform services. With more customers and partners than any other cloud platform, AWS is particularly well positioned to capitalize on growing demand for artificial intelligence (AI) infrastructure. The company has leaned into that opportunity by developing custom chips for training and inference. Importantly, Amazon is also using AI across its retail business to improve productivity and efficiency. CEO Andy Jassy says the company is developing about 1,000 generative AI tools to make warehouse robots smarter, improve inventory allocation, and optimize delivery routes. Those innovations, coupled with the ongoing restructuring of its logistics network, should improve retail margins in the coming years. As a caveat, Amazon may struggle with tariffs. Morgan Stanley estimates 60% of sellers on the marketplace have some exposure to China, and Chinese sellers represent an important source of advertising revenue. Nevertheless, Andy Jassy believes its diversified seller base will let the company "weather challenging conditions better than others." Wall Street expects Amazon's earnings to increase at 10% annually through 2026. That makes the current valuation of 34 times earnings look expensive. But analysts have often missed the mark in the past. Amazon beat the consensus earnings estimate by an average of 21% in the last six quarters. Assuming that trend continues, the current stock price is quite reasonable. Here's the takeaway: I'm not convinced Amazon stock will return 44% in the next year, but I still think patient investors should own a position, and now is a reasonable time to buy a few shares. The investment thesis for Alphabet centers on large opportunities in digital advertising and cloud services. Namely, Alphabet is the largest ad tech company on the planet, and digital ad spending is forecast to grow at 15% annually through 2030. While Alphabet has been losing market share for years, it still has a profound ability to engage internet users with platforms like Chrome, Google Search, and YouTube. Also, while internet search is undoubtedly moving toward AI tools like ChatGPT and Perplexity, Alphabet is successfully leaning into that trend. Generative AI overviews in Google Search are driving higher usage and satisfaction. And its generative AI application Gemini was the second-most downloaded AI chatbot behind ChatGPT last year, according to Sensor Tower. Google is the third-largest public cloud. It accounted for 12% of infrastructure and platform-services spending in the first quarter, up a percentage point from the prior year. Meanwhile, Amazon and Microsoft lost share. Google may continue to outpace its peers due to strength in large language models and AI infrastructure, two categories where Forrester Research has recognized the company as a leader. Importantly, Alphabet has a third major opportunity in autonomous driving technology. That industry is far less developed than digital advertising and cloud computing, but the global autonomous ride-sharing market could top $2 trillion over the next decade, according to Evercore. Alphabet's Waymo is an early leader. It currently provides 250,000 driverless rides per week across four U.S. cities, up fivefold from last year. As a caveat, Alphabet faces a possible breakup depending on the outcome of two antitrust lawsuits that have progressed to the remediation phase. A federal judge will propose fixes for its illegal internet search monopoly in August, and another federal judge will rule on its ad tech monopoly at a future date. Most analysts think the probability of a forced breakup is slim, but the odds are not zero. With that in mind, Wall Street estimates Alphabet's adjusted earnings will increase at 7% annually through 2026. That makes the current valuation of 19 times sales look somewhat expensive. But Alphabet beat the consensus estimate by an average of 14% during the last six quarters. The current valuation would be reasonable if that trend continues. Here's the takeaway: Alphabet stock could return 45% in the next year if the judges issue favorable rulings in the antitrust cases. But the stock could also decline sharply if either judge orders a breakup. Investors can buy a small position today, but I would wait for more clarity before taking a large stake. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon. The Motley Fool has positions in and recommends Alphabet and Amazon. The Motley Fool has a disclosure policy. 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar to $3 Trillion, According to Certain Wall Street Analysts was originally published by The Motley Fool Sign in to access your portfolio

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