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以下是我们每日内容的其中的片段。会员可以用ID和PASSWORD进入网站阅读完整的内容.

The following are excerpts of our past daily updates. Members may login using ID and password to view our full market updates. 

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Recent Market Update Excerpts:

22-02-2024  (Thu)  7.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"美股周三涨跌不一,道指收涨48.44点,报38612.24点;纳指跌49.91点,报15580.87点;标普涨6.29点,报4981.80点。4月交割的原油(WTI)上涨87美分,报77.91美元。

周三海指下跌26.95点,或0.83%,报3217.11点。交易量22亿4000万股,交易额为14亿7000万元;上升股312只,下跌股283只。上证综指则上涨28.23点,或0.97%,恒生指数也上涨255.59点,或1.57%,报16503.10点。

美联储的会议纪要显示,美联储官员在上次会议上对过快降息表示谨慎,大多数与会者都注意到过快放松政策立场的风险。

英伟达周二下跌逾4%,周三下跌2.85%,使纳指承压,纳指已连续第三日下跌。

丰益国际(Wilmar International)2023财年下半年集团净利同比跌21.3%至9亿7390万美元,全年集团净利跌36.5%至15亿2480万美元。建议派发每股新元11分的年终股息,同比持平,全年股息达新元17分。

新航(SIA)星期三(2月21日)股价大跌9.50%,闭市报6.67元,回吐2月以来所有涨幅,交易异常活跃,交易量高达3941万股,交易总值2亿6542万元。

其实新航第三季集团净利和总营收都有增加,同比都增长4.9%。只是总开销同比增加9.3%。而目前的客运能力已达到疫情前的93%,预期不久恢复到疫情前的水平。其实新航的股票还是不错的,可能较长期的持守也还是不错的.而昨天的大跌,也可能有空家进场,这只股票大跌毕竟不是一般散户能够造成的。

二月的股票已上涨,可能开始面临调整。我们可以看到美股已开始力不从心,尤其是大型的科技股,本地已大涨的股票也遭受卖压,
我个人已不看好2月底和三月的股票。波浪理论告诉我们,波浪1上涨后,波浪2就会下跌,我们可等到调整后,波浪3的大涨,那可能是4月以后的事情。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"U.S. stocks were mixed on Wednesday. The Dow closed up 48.44 points at 38612.24 points; the Nasdaq fell 49.91 points to 15580.87 points; the S&P rose 6.29 points to 4981.80 points. WTI crude oil for April delivery rose 87 cents to settle at $77.91.

On Wednesday, the STI fell 26.95 points or 0.83% to 3217.11 points. Trading volume was 2.24 billion shares, worth $1.47 billion; 312 stocks advanced and 283 stocks declined. The Shanghai Composite Index rose 28.23 points, or 0.97%, and the Hang Seng Index also rose 255.59 points, or 1.57%, to 16503.10 points.

The Fed minutes showed the Fed officials expressing caution about cutting interest rates too quickly at their last meeting, with most participants recognizing the risks of easing the monetary policy too soon.

Nvidia fell more than 4% on Tuesday, and fell another 2.85% on Wednesday, putting downward pressure on the Nasdaq, which fell for a third consecutive day.

Wilmar International's net profit fell 21.3% year-on-year to US$973.9 million in the second half of fiscal year 2023, and the group's net profit for the full year fell 36.5% to US$1.5248 billion. It has proposed to pay a year-end dividend of 11 cents per share, which is unchanged year-on-year, and the full-year dividend will reach 17 cents in total.

Singapore Airlines stock price fell 9.50% on Wednesday (February 21), closing at $6.67, giving up all gains since February. Trading was extremely active, with a trading volume of 39.41 million shares, worth a total transaction value of $265.42 million.

In fact, Singapore Airlines’s net profit and total revenue increased in the third quarter, both up 4.9% year-on-year. Only total expenses increased by 9.3% year-on-year. The current passenger capacity has reached 93% of the pre-pandemic level and is expected to return to pre-pandemic levels soon. Singapore Airlines is still a good stock, and may be good for investment in the long term. As for yesterday's sharp drop, it may be due to short sellers entering the market. After all, this stock's sharp drop cannot be caused by ordinary retail investors.

Stocks have risen in February and may start to face a correction. We can see that US stocks have begun to lose its momentum, especially for large technology stocks. Local stocks that have risen sharply are also under selling pressure. I personally am no longer optimistic about stocks at the end of February and in March. Wave theory tells us that after wave 1 rises, wave 2 will fall. We may wait until wave 3 rises sharply after the adjustment, which may be sometime later in April. "

 

21-02-2024  (Wed) 7.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"英伟达领跌科技股,美股周二下跌 。道指跌64.19点,跌幅0.17%,报38563.80点;纳指跌144.87点,跌幅0.92%,报15630.78点;标普跌30.06点,跌幅0.60%,报4975.51点。3月交割的原油(WTI)期货下跌1.01美元,跌幅1.28%,报78.18美元。

海指周二上涨18.15点,或0.56%,报3244.06点。交易量19亿3000万股,交易额9亿7865万元。上升股281只,下跌股251只。 上证综指上涨12.19点,报 2922.73点。恒生指数上涨 91.90点,报 16247.51点。

英伟达股价下跌4.35%,科技股受拖累。有一家叫Groq的人工智能解决方案初创公司推出的AI芯片推理速度比英伟达GPU提高10倍,但成本只有英伟达产品的1/10。英伟达将在周三收盘后发布公布财报。

美联储1月份的会议纪要将于周三公布。

美国过去三个季度的生产率增幅平均为3.9%,是疫情之前十年的三倍多。生产率上升可能使美国实现软着陆。

新航(SIA)第三季净利同比增4.9%至6亿5900万元,客运能力已经恢复至接近疫情前的水平。总营收增加4.9%至50亿8200万元的新高,首九个月的营业盈利和净利也都创新高。新航首九个月,集团总营收同比增加7.4%至142亿4400万元,营业盈利增8.7%至21亿6300万元,净利劲增35.0%至21亿元。

胜科工业胜科工业(Sembcorp Industries)去年净利增长11%至9亿4200万元。建议派发每股8分的年终股息,全年派息达到13分。

中国在星期二宣布大幅调低贷款市场报价利率(Loan Prime Rate,简称LPR),中港和本地的股市上涨。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
 
13-02-2024  (Tue) 7.45am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"美股周一涨跌不一,道指再创历史新高。道指涨125.69点,报38797.38点;纳指跌48.12点,报15942.55点;标普跌4.77点报5021.84点。3月交割的原油(WTI)期货上涨8美分,报76.92美元。 

上周美股三大指数都是连续第五周上涨。

周二公布的美国CPI数据,周四的美国零售销售数据和周五的生产者价格指数(PPI)数据,将会影响美国市场的走势。

周一在美国挂牌的热门中概股多数上涨,微博涨超4%,小鹏、拼多多涨超3%,蔚来、京东涨超2%。

在中国股市大跌不止时,2月6日清晨提到“2635很可能是上证综指这轮熊市的底部”,当天上证综指股市应声而起,连涨三天,而且上涨的幅度还不小。本星期五长假归来,虽可能还会反反复复,但在有关当局不断加大力度护盘,上证综指可能还是有看头(图表请参看ECOMM网站)。

本地海指连跌两天,在长假前一般是空家出动 ,这也是预料中事,但第二天只是轻微下跌,我个人认为在上证综指继续上升时,本地的股市也将会有不错的表现。


龙年新气象,飞龙在天,正是我们大家的期待。刚度假回来,在此祝大家:
大吉大利、身强体壮、事事顺心。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"U.S. stocks were mixed on Monday, with the Dow hitting another record high. The Dow rose 125.69 points to 38,797.38 points; the Nasdaq fell 48.12 points to 15,942.55 points; the S&P fell 4.77 points to 5,021.84 points. WTI crude oil futures for March delivery rose 8 cents to $76.92.

Last week, all three major U.S. stock indexes rose for the fifth consecutive week.

The U.S. CPI data on Tuesday, the U.S. retail sales data on Thursday and the U.S. producer price index (PPI) data on Friday will all be influencing the U.S. market outlook.

Most of the popular Chinese concept stocks listed in the U.S. rose on Monday, with Weibo rising more than 4%, Xpeng and PDD rising more than 3%, and NIO and JD.com rising more than 2%.

When China's stock market was plummeting, I mentioned in the early morning of the February 6 market update that "2635 is likely to be the bottom of this bear market for the Shanghai Composite Index." On that day, the Shanghai Composite Index stock market rebounded as expected and rose for three consecutive days with considerable gains. With the ending of the week-long holiday on Friday, the Shanghai market will resume trading, and may likely continue to fluctuate. However, as the relevant authorities continue with their efforts to stabilize the market, the prospects of the Shanghai Composite Index may still be promising (please refer to the chart on ECOMM website).

The local STI has fallen for two days in a row. Short-sellers are usually active in trading before the long holidays as expected. Nevertheless, the magnitude of the decline on the second day was small. I personally think that as the Shanghai Composite Index continues to move higher, the local stock market will also likely do well.


This is the Lunar New Year of the Dragon, a year of flying prosperity that we all are looking forward to.  I just came back from vacation, and would like to wish you all:

A Prosperous new year, good health, and success in all that you do. "
 
 
 
 
 
 
06-02-2024  (Tue)  8.00am
 
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"美国国债收益率大幅攀升,美股周一下跌。道指跌274.30点,跌幅0.71%,报38380.12点;纳指跌31.28点,报15597.68点;标普跌15.80点,报4942.81点。黄金期货下跌0.5%,报2042.90美元。3月交割的原油(WTI)上涨50美分,报72.78美元。

海指星期一下跌45.48点或1.43%,报3134.29点。上证综指下跌27.97点,或1.02%,报2702.19点。恒指周一微跌23.55点,报15510.01点。

周一美国国债收益率大幅攀升,美股下跌。周一美国国债收益率10年期美债收益率攀升至4.166%,上涨13.5个基点。2年期国债收益率上涨至4.478%,攀升10.8个基点。30年期国债收益率上升至4.347%,上涨12个基点,升至4.347%。

上证综指周五下跌27.97或1.02%报2702.19,早盘曾跌至2635.09,收盘才收复2700点,可见空家和多头竞争是多么的激烈。2700点成为主要的战场,多空双方围绕2700点展开争夺。从图表看,昨天上证综指跌至2635低点,又触到双平行线的支持线 ,闭市又回弹。昨天的低点2635很可能是上证综指这轮熊市的底部,如能上升,就将会形成双底(图表请参看ECOMM网站)。从基本因素看,北上的资金开始流入中国股市,净买入开始增加。而官方尽力挽救,是正面的。从心理因素看,大家对中国的股市已绝望,已绝望的股市有可能见底。当然,中国的股市这一轮的大跌,是一大群国际巨鳄合力造成的,局势相当凶险.中国尽全国的力量在抗争,应该有可能扛得住。

恒生指数是另一个空家和多头竞争激烈的战场,但恒指周五报15510点,并没有跌破1月22日的低点14794,没有跟随中国的股市大跌,可能已有上涨的条件。

中国和香港股市大跌,拖累本地股市,一旦中国和香港股市开始上涨,本地股市可能会就有更好的表现。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"U.S. Treasury yields rose sharply, and U.S. stocks fell on Monday. The Dow fell 274.30 points, or 0.71%, to 38380.12 points. The Nasdaq fell 31.28 points to 15597.68 points. The S&P fell 15.80 points to 4942.81 points. Gold futures fell 0.5% to $2,042.90. WTI crude oil for March delivery rose 50 cents to settle at $72.78.

The STI fell 45.48 points or 1.43% to 3134.29 points on Monday. The Shanghai Composite Index fell 27.97 points, or 1.02%, to 2702.19 points. The Hang Seng Index fell slightly by 23.55 points on Monday to 15510.01 points.

U.S. Treasury yields rose sharply on Monday and U.S. stocks fell. The U.S. 10-year Treasury yield rose 13.5 basis points to 4.166% on Monday. The 2-year Treasury yield rose 10.8 basis points to 4.478%. The 30-year Treasury yield rose 12 basis points to 4.347%.

The Shanghai Composite Index fell 27.97 or 1.02% to close at 2702.19 on Friday, at one point even plunging to 2635.09 points in early trading, only recovering to above 2700 points at the close. This showed how fierce the battle between bears and bulls was. 2700 points has become the main battling pivotal point, and the long and short sides are competing around this 2700-point level. From the chart, we see yesterday that the Shanghai Composite Index fell to a low of 2635, and then rebounded at the close after hitting the support line of the double parallel lines. Yesterday's low of 2635 is likely to be the bottom of this bear market for the Shanghai Composite Index. If it can move higher from here, a double bottom will be formed (see the chart on ECOMM website). Looking at fundamental factors, north-bound funds are beginning to flow into the Chinese stock market, and net buying has begun to increase. The efforts by the relevant authorities to salvage the situation had been positive. From the psychological point of view, people are seen to have lost hope in the Chinese stock market, and a despondent market may have already bottomed out. Of course, this round of sharp decline in China's stock market was caused by the joint efforts of a large group of international big players, and the situation is quite dangerous. Nevertheless, China is fighting with all its might, and ought to be able to withstand it.

The Hang Seng Index is another battleground with fierce fighting between bears and bulls. However, the Hang Seng Index closed at 15,510 points on Friday, and did not fall below the low of 14,794 on January 22. The Hong Kong market did not follow suit with the sharp decline in China's stock market, thus possibly creating the settings for it to move higher.

The sharp decline in the stock markets in China and Hong Kong has dragged down the local stock market. Once the stock markets in China and Hong Kong start to rise, the local stock market may then do better. "


 
 
 
 
 
 
 
 
 
 
 
07-02-2024  (Wed)  8.15am

以下是辉立证券首席股票经纪陈奕利先生的股市分析:

中港股市在大跌中,昨天8点我大胆提出“从图表看,昨天(即星期一)上证综指跌至2635低点,又触到双平行线的支持线 ,闭市又回弹。昨天的低点2635很可能是上证综指这轮熊市的底部,如能上升,就将会形成双底(图表请参看ECOMM网站)。从基本因素看,北上的资金开始流入中国股市,净买入开始增加。而官方尽力挽救,是正面的。从心理因素看大家对中国的股市已绝望,已绝望的股市有可能见底。”,又提到“恒生指数是另一个空家和多头竞争激烈的战场,但恒指周五报15510点,并没有跌破1月22日的低点14794,没有跟随中国的股市大跌,可能已有上涨的条件。”在中港股市还在大跌绝望时,我敢敢提出绝望的股市有可能见底,果其不然,当天这两地的股市都大涨 ,不会让我“漏气”。"


(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

Amid sharp declines in the Chinese and Hong Kong stock markets, I boldly mentioned at the 8.00am market update yesterday with the following comments, "From the chart, we see yesterday (i.e. Monday) that the Shanghai Composite Index fell to a low of 2635, and then rebounded at the close after hitting the support line of the double parallel lines. Yesterday's low of 2635 is likely to be the bottom of this bear market for the Shanghai Composite Index. If it can move higher from here, a double bottom will be formed (see the chart on ECOMM website). Looking at fundamental factors, north-bound funds are beginning to flow into the Chinese stock market, and net buying has begun to increase. The efforts by the relevant authorities to salvage the situation had been positive. From the psychological point of view, people are seen to have lost hope in the Chinese stock market, and a despondent market may have already bottomed out. " I also mentioned that "The Hang Seng Index is another battleground with fierce fighting between bears and bulls. However, the Hang Seng Index closed at 15,510 points on Friday, and did not fall below the low of 14,794 on January 22. The Hong Kong market did not follow suit with the sharp decline in China's stock market, thus possibly creating the settings for it to move higher. ” When the stock markets in China and Hong Kong were still in despair, I dared to suggest that these despondent markets may have already bottommed out. It turns out that the stock markets in both China and Hong Kong rose sharply that day, which certainly were in line with expectations and did not let me down. "

06-02-2024  (Tue)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"
上证综指周五下跌27.97或1.02%报2702.19,早盘曾跌至2635.09,收盘才收复2700点,可见空家和多头竞争是多么的激烈。2700点成为主要的战场,多空双方围绕2700点展开争夺。从图表看,昨天上证综指跌至2635低点,又触到双平行线的支持线 ,闭市又回弹。昨天的低点2635很可能是上证综指这轮熊市的底部,如能上升,就将会形成双底(图表请参看ECOMM网站)。从基本因素看,北上的资金开始流入中国股市,净买入开始增加。而官方尽力挽救,是正面的。从心理因素看,大家对中国的股市已绝望,已绝望的股市有可能见底。当然,中国的股市这一轮的大跌,是一大群国际巨鳄合力造成的,局势相当凶险.中国尽全国的力量在抗争,应该有可能扛得住。

恒生指数是另一个空家和多头竞争激烈的战场,但恒指周五报15510点,并没有跌破1月22日的低点14794,没有跟随中国的股市大跌,可能已有上涨的条件。

中国和香港股市大跌,拖累本地股市,一旦中国和香港股市开始上涨,本地股市可能会就有更好的表现。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"
The Shanghai Composite Index fell 27.97 or 1.02% to close at 2702.19 on Friday, at one point even plunging to 2635.09 points in early trading, only recovering to above 2700 points at the close. This showed how fierce the battle between bears and bulls was. 2700 points has become the main battling pivotal point, and the long and short sides are competing around this 2700-point level. From the chart, we see yesterday that the Shanghai Composite Index fell to a low of 2635, and then rebounded at the close after hitting the support line of the double parallel lines. Yesterday's low of 2635 is likely to be the bottom of this bear market for the Shanghai Composite Index. If it can move higher from here, a double bottom will be formed (see the chart on ECOMM website). Looking at fundamental factors, north-bound funds are beginning to flow into the Chinese stock market, and net buying has begun to increase. The efforts by the relevant authorities to salvage the situation had been positive. From the psychological point of view, people are seen to have lost hope in the Chinese stock market, and a despondent market may have already bottomed out. Of course, this round of sharp decline in China's stock market was caused by the joint efforts of a large group of international big players, and the situation is quite dangerous. Nevertheless, China is fighting with all its might, and ought to be able to withstand it.

The Hang Seng Index is another battleground with fierce fighting between bears and bulls. However, the Hang Seng Index closed at 15,510 points on Friday, and did not fall below the low of 14,794 on January 22. The Hong Kong market did not follow suit with the sharp decline in China's stock market, thus possibly creating the settings for it to move higher.

The sharp decline in the stock markets in China and Hong Kong has dragged down the local stock market. Once the stock markets in China and Hong Kong start to rise, the local stock market may then do better. "



 

 

03-02-2024  (Sat)  9.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"
Facebook的母公司Meta Platforms业绩远超分析师预期,Meta第四季度营收401.1亿美元,同比大增25%,高于过分析师预期的390.1亿美元。每股盈利5.33美元,为去年同期的三倍,也好于预期的4.91美元。广告收入387.1亿美元,高过分析师预期的378.1亿美元。Meta还将现金派息每股0.50美元。Meta也宣布增加500亿美元股票回购。业绩公布后,Meta股价暴涨超过20%,创历史新高。带动科技股大涨。

苹果第一财季净营收为1195.75亿美元,与去年同期的1171.54亿美元相比增长2%;净利润为339.16亿美元,与去年同期的299.98亿美元相比增长13%。其中,大中华区营收为208.19亿美元,与去年同期的239.05亿美元相比,已开始下降。苹果第一财季营收和每股收益均超出华尔街分析师的预期。

亚马逊第四财季营收和每股收益均超出分析师预期。亚马逊第四财季净销售额为1699.61亿美元,与上年同期的1492.04亿美元相比增长14%,净利润106.24亿美元,去年净利润只有2.78亿美元,同比大幅增长超过37倍,每股赢利为1.00美元,去年同期的每股赢利只有0.03美元,同比大幅增长。亚亚马逊第四财季业绩表现出色。

超预期的美股财报,也可能继续带动美股上涨。   

中国股市大跌,上证指数一度大跌百多点,触及2666.33点,创2020年3月24日以来新低.尾市一个“深V”反弹,一条直线冲上去,很快就只下跌10多点,可见多头和空头在激烈争斗,最后上证指数以下跌40.59收盘,暂时好象是空头占上风。到底那一方会取得最后的胜利,可能很快就会知道。中美恶斗,可能已蔓延到股市,这一轮攻击中国和香港股市可能是一大群人,不象以前只是索罗斯一人,而且操盘手应该都是高手,不容易应付。还好中港两地的股市都在很低的价位,在低价位防守,也未必会输。

周五本地股市没有跟随中国股市大跌,还能上涨36.71点,表现特好。我们曾经提过的胜科工业(Sembcorp Ind)和吉宝企业(Keppel)最近不断上涨,表现亮丽,我个人长期还看好。一些好的股票,尤其是政联公司如胜科工业(Sembcorp Ind)和吉宝企业 (Keppel)已经开始抬头,相信其他的股票也会跟随。我个人认为本地股市如果能不再继续受中港的影响,就可营造牛市的氛围。"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"
The earnings results of Meta Platforms, Facebook's parent company, far exceeded analysts' expectations. Meta's fourth-quarter revenue was US$40.11 billion, a year-on-year increase of 25%, and higher than analysts' expectations of US$39.01 billion. Earnings per share of $5.33 was three times higher than that of the same period last year, and better than the expectations of $4.91. Advertising revenue of $38.71 billion was higher than analysts’ expectations of $37.81 billion. Meta will pay a cash dividend of $0.50 per share,and also announced an increase of $50 billion in share repurchases. Following the announcement of Meta's earnings results, Meta's stock price soared more than 20% to hit a record high, driving technology stocks sharply higher.

Apple's net revenue in the first fiscal quarter was US$119.575 billion, an increase of 2% compared with US$117.154 billion in the same period last year. Net profit was US$33.916 billion, an increase of 13% compared with US$29.998 billion in the same period last year. However, revenue in Greater China was US$20.819 billion, which has begun to decline compared with US$23.905 billion in the same period last year. Nevertheless, Apple's first-quarter revenue and earnings per share exceeded Wall Street analysts' expectations.

Amazon's fourth-quarter revenue and earnings per share both beat analysts' expectations. Amazon’s net sales in the fourth fiscal quarter was US$169.961 billion, an increase of 14% compared with US$149.204 billion in the same period last year. Net profit was US$10.624 billion, and this was a significant increase of more than 37 times year-on-year as the net profit in the same period last year was only US$278 million. Earnings per share was US$1.00, compared with just US$0.03 in the same period last year, which was a significant year-on-year increase. Amazon's fourth-quarter results was outstanding.

Better-than-expected earnings reports for U.S. stocks may continue to drive U.S. stocks higher.

China's stock market plummeted. The Shanghai Composite Index once plunged more than 100 points, hitting 2666.33 points, a new low since March 24, 2020. There was a "deep V" rebound in the late market with a straight line upwards, and the losses were soon narrowed to only more than 10 points. It can be seen that the bulls and the bears were fighting fiercely. In the end, the Shanghai Composite Index closed down 40.59 points. It seems that the bears have the upper hand for the time being. Which side will win the final victory may soon be decided. The vicious fight between China and the U.S. may have been extended to the stock market. This round of attacks on China and Hong Kong stock markets may be a large group of people, unlike in the past when it was just the actions of Soros alone, and all these are masters of the trade, and not easy to deal with. Fortunately, the stock markets in China and Hong Kong are at very low price points. If you are defensive at these low prices, you may not necessarily lose.

On Friday, the local stock market did not follow the sharp decline of the Chinese stock market, but still achieved gains of 36.71 points, which was particularly outstanding. Sembcorp Ind and Keppel Corp, which we had mentioned before, have been rising recently and have done well. I am personally optimistic about them in the long term. Some good stocks, especially government-linked companies such as Sembcorp Ind and Keppel Corp have started to gain ground, and I believe other stocks will follow. I personally believe that if the local stock market can no longer be affected by China and Hong Kong, it could initiate bullish sentiments. "

02-02-2024  (Fri)  8.30am

以下是辉立证券首席股票经纪陈奕利先生的股市分析:

"
大鳄城堡投资集团创始人肯·格里芬表示:“看到比亚迪在全球销量上超过特斯拉,有点令人心碎。在中国美国有了一个真正的竞争对手”。

中国领先了许多关键行业,包括太阳能电池板、电动汽车和消费电子产品,已使其成为美国的重要经济竞争对手,但中国股市场整体表现疲弱,不断大跌,其月线RSI 35.19已接近2008年金融危机的35.08。是不是即将触底反弹?(图表请参看ECOMM网站)"

(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)

( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)

The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:

"
Ken Griffin, founder of multinational hedge fund Citadel LLC, said BYD overtaking Tesla as the top seller of EVs was a heartbreaking moment, and that the U.S. got a real competitor in China.

China is the leader in many key industries, including solar panels, electric vehicles and consumer electronics, and has become a major economic competitor to the United States. However, the overall performance of the Chinese stock market has been weak as it continued to plummet. Its monthly RSI of 35.19 is close to 35.08 during the financial crisis in 2008. Is it about to bottom out? (Please refer to the chart on Ecomm website)"


 

 

30-01-2024  (Tue)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"  中国财经媒体报道,中国游客在春节期间赴新加坡、马来西亚,以及泰国的旅游订单同比增长超过15倍。其中,赴新加坡、泰国旅游订单同比增长超过13倍,马国旅游订单同比增长超过22倍。新马泰游客赴华旅游订单同比增长九倍,新、马、泰分别同比增长超过14倍、11倍、8倍。旅游会促进消费,消费会促进经济增长。
 
最近一些信托、REIT发布的业绩多不太好,派发的股息也多减少,股价下跌.但今年减息,对信托、REIT有利,长期看好。
 
新加坡金管局星期一(1月29日)发布货币政策声明,预计新加坡经济将在2024年走强,经济增长基础更加全面,新加坡金融管理局维持新元现有升值步伐。我个人认为这对本地今年股市的走势有利。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"  Chinese financial media reported that travel orders from Chinese tourists to Singapore, Malaysia, and Thailand in the Lunar New Year period increased by more than 15 times year-on-year. Among them, travel orders to Singapore and Thailand increased by more than 13 times year-on-year, and travel orders to Malaysia increased by more than 22 times year-on-year. Travel orders to China from Singapore, Malaysia and Thailand tourists increased by nine times year-on-year, with Singapore, Malaysia and Thailand increasing by more than 14 times, 11 times and 8 times year-on-year respectively. Tourism will promote consumption, and consumption will stimulate economic growth.
 
Recently, some trusts and REITs have released poor earnings reports, with dividends being reduced, and resulting in stock prices falling. However, this year's interest rate cuts will be beneficial to trusts and REITs, and the outlook of these stocks are looking good in the long term.
 
The Monetary Authority of Singapore issued a monetary policy statement on Monday (January 29), with the expectation that Singapore's economy will strengthen in 2024 and the growth will become more broad-based. The Monetary Authority of Singapore will maintain the current pace of appreciation of the Singapore dollar. I personally think this will be beneficial to the trend of the local stock market this year. "
 
29-01-2024 (Mon)  8.00am
 
- 云顶新加坡股价周五飙升,受其竞争对手滨海湾金沙 (Marina Bay Sands) 强劲盈利乐观情绪的提振。滨海湾金沙的赌场净营收增长了 84.3%。新加坡与中国从2 月 9 日开始正式实行两国之间旅游免签证安排,恰逢农历新年期间的时候开始实行,此消息也提振了云顶新加坡股价。 云顶股价周五收涨 3.6% 或 3.5分,至$1.01,盘中一度触及 $1.03 高点。随着旅游业的增长,尤其是来自中国市场的增长,云顶和新航等本地旅游股有望有所作为。 我们之前已提过这一点。
 
- 中国证监会周日(1月28日)宣布,自周一(1月29日)起全面暂停限售股出借。 这将有效遏制借用限售股卖空,也是中国当局在近期实行一系列政策举措中,为稳定股市而采取的最新措施。
 
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
 
- Genting Singapore shares surged on Friday buoyed by the optimism of strong earnings of its competitor Marina Bay Sands, whose casino net revenue rose 84.3%, as well as boosted by the announcement of the confirmation of 9 Feb as the start date for the visa-free travel arrangement between Singapore and China, which coincided with the Lunar New Year holidays. Genting shares closed up 3.6% or 3.5 cents to $1.01 on Friday, hitting the high of $1.03 at one point in the intraday session. Owing to increased tourism, especially from that of the Chinese market, local tourism stocks such as Genting and SIA are poised to do well. We had already mentioned this before.
 
- China's securities regulator said on Sunday (Jan 28) that it will fully suspend the lending of restricted shares effective from Monday (Jan 29). This would effectively curb the lending of the restricted shares for short-selling, and is the latest of a series of policy moves by China's authorities in stabilising the country’s stock markets. 
 
25-01-2024  (Thu)  8.15am
 
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"
 
中国官方星期三召开多场记者会宣布利好消息,这是预料中事。中国证监会副主席王建军表示称将建设以投资者为本的资本市场;中国央行行长潘功胜也宣布将于2月5日下调存款准备金率0.5个百分点,释放 1万亿元人民币流动性。这提振了中国和香港的股市大涨。上证指数上涨49.80,或1.80%,报2820.77,重回2800点。香港 恒生指数狂涨545.89点,或3.56%,一洗过去的颓势。本地的股价还很低 ,将会被带动。我个人认为已可开始考虑买进科技股,疫后复苏股、政联公司股。银行股也可以开始考虑。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"

Chinese officials held multiple press conferences on Wednesday to announce good news, which we expected was coming. Wang Jianjun, vice chairman of the China Securities Regulatory Commission, said he would build an investor centered capital market. Pan Gongsheng, governor of the People's Bank of China, also announced that the banks’ reserve requirement ratio will be lowered by 0.5 percentage points on February 5 to free up 1 trillion yuan in liquidity. That boosted stock markets in China and Hong Kong. The Shanghai Composite Index rose 49.80, or 1.80%, to 2820.77, returning above 2800 points. Hong Kong's Hang Seng Index soared 545.89 points, or 3.56%, erasing the past declines. The local stock prices are still very low and will be driven higher. I personally think we can start to consider buying technology stocks, post-epidemic recovery stocks, and government-linked company stocks. Bank stocks may also be considered. "

 

08-01-2024 (Mon) 8.00am
 
- 在2023 年的最后一个季度,中国电动汽车 (EV) 制造商比亚迪(BYD)已超越特斯拉(Tesla),成为这个季度的全球最大销售商。 虽然特斯拉仍是 2023年全年全球销量第一者,但可看得出BYD的全球销售已取得很不错的进展。电动汽车是个值得关注的热门科技,而随着许多中国电动汽车公司推出新车型,竞争正在加剧,其中小米和华为也加入了销售电动汽车的竞赛。 并非每一家中国电动汽车制造商都有在海外扩张,而比亚迪(BYD)和蔚来(NIO)则是进军海外市场的其中两家公司。 相比之下, NIO一直未能转亏为盈, 而BYD则是赚钱的公司。BYD的 2023年第三季度盈利为创新纪录的14.2亿美元。巴菲特(Buffett)旗下的伯克希尔哈撒韦公司(Berkshire Hatthaway) 也有投资于BYD。
 
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
 
- In the last quarter of 2023, Chinese Electric Vehicle (EV) maker BYD has overtaken Tesla as the biggest global seller for this quarter. Although Tesla is still the top global seller for the entire year of 2023, it looks like BYD has made big strides in its global sales. EV is a hot technology to watch out for, and the competition is heating up with many Chinese companies rolling out new models, including Xiaomi and Huawei who have also joined the EV race. While not every Chinese EV maker is expanding overseas, BYD and NIO are two of the companies that are pushing into markets outside China. However, unlike NIO which has been making losses and yet to make a profit, BYD has been profitable, with a record quarterly profit of $1.42 bln reported in Q3 of 2023, and Warren Buffett's Berkshire Hathaway invested in BYD.
 
01-01-2024 (Mon) 3.00pm
 
中国疲软的制造业数据增强了2024 年更多刺激措施的预期。中国央行其实已在周四(12月28日)表示,在通货紧缩压力加大的迹象下,将加大政策调整力度,来支持经济并推动物价反弹。 12 月早些时候,中国领导高层在重要会议上承诺,将采取更多措施支持明年的经济复苏。
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
China's weaker manufacturing data strengthened the case for more economic support measures in 2024.  China's central bank already said on Thursday (28 Dec) it would step up policy adjustments to support the economy and promote a rebound in prices amidst deflationary pressures. Top Chinese leaders earlier in December at a key meeting also pledged to take more steps to support the economy in 2024. 
 
26-12-2023   (Tue)  8.15am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"
DBS曾遭受卖压,不断下跌,在跌到这一轮的低点时,12月16日(星期六)我在ECOMM 网站提到DBS已触及长期的支持线,而且周五的成交量特大,显示将有较大的变化,周一果然上涨至今,当时的股价是31.06,短短5天就上涨至现价32,现在周线已突破月线,短期可能还可上升,可能上试季线32.60。(图表请参看ECOMM网站)
 
海指周五涨27.82点或0.89%,报3140.32点。表现不错。现正处于3143的阻力线,如能突破,才可能上试3180(图表请参看ECOMM网站).
 
外媒不断唱衰中国,认为中国的经济就将崩溃,这些崩溃论几拾年来从不间断,一次又一次不断的重复着,但中国的经济不但没有崩溃,反而越來越好。这一次虽然地产和地方的债务相当严重,但中国已今非昔比,以前都没有问题,现在更不用提了。上证综指已大跌,一道一道的支持点都跌破,现在上证综指已触及较强的支持线,而中国的一 些银行25日起将下调人民币存款挂牌利率,目前12家全国性银行均已下调人民币存款挂牌利率,可能这一次应该会支持得住,就是再下跌 ,下跌的幅度应也有限(图表请参看ECOMM网站)。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"
DBS had been under selling pressure and had been on the decline. When its share price hit this round of lows, I mentioned on the ECOMM website on December 16 (Saturday) that DBS had touched the long-term support line, that its trading volume on Friday was extremely large, indicating that there will be a big change. Its share price has indeed risen since Monday from $31.06 to the current price of $32 in just 5 days. Now that the weekly line has broken above the monthly line, it may possibly still rise in the short term, and test the quarterly line at $32.60. (See the chart on ECOMM website)
 
The STI rose 27.82 points or 0.89% to 3140.32 points on Friday, and had performed well. It is currently approaching  the resistance line at 3143. If it can break through, it may possibly test the upside at 3180 points (Refer to the chart on ECOMM website).
 
Foreign media continued to badmouth China, saying that China's economy will collapse. These collapse theories have been repeated over and over again for decades. However, China's economy not only did not collapse, but has gotten better. Although real estate and local debts are quite serious this time, China is no longer what it used to be. It was able to overcome problems in the past, let alone now. The Shanghai Composite Index has fallen sharply, and all support points have been broken. The Shanghai Composite Index has now touched a strong support line, and some banks in China are lowering the RMB deposit rates starting from the 25th. With 12 national banks currently already having lowered the RMB deposit rates, the Shanghai Composite Index may possibly be able to hold the support line, and even if it falls again, the extent of the decline should be limited (please refer to the chart on ECOMM website). "


 
 
 

 

 

 
20-12-2023   (Wed)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"周六有提到星展银行(DBS)触及长期支持线,且成交量特大,将会有大变动。周一和周二DBS终于连续两天上涨,这对本地股市有帮助。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"It was mentioned on Saturday that DBS hit the long-term support line and the trading volume was extremely large, indicating that there will be a big change. DBS finally posted two consecutive days of gains on Monday and Tuesday, which would be helpful to the local stock market. "
 
16-12-2023   (Sat)  8.30am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"
DBS遭受卖压,不断下跌,现已触及长期的支持线,而且周五的成交量特大(图表请参看ECOMM网站),显示将有较大的变化,不是大涨,就是大跌,一两天内就可分晓。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"
DBS has been under selling pressure and has continued to fall, having now touched the long-term support line. Moreover, the trading volume on Friday was extremely large (See the chart on ECOMM website), indicating that there will be a big change, either a big rise or a big fall, which we probably would be able to tell within a trading day or two.   "
 
 
 
 
 
 
 
 
 
11-Dec-2023 (Mon) 7.30am
 
* 我们三周前11月20日的股市讯息有提到,在一项调查中,新加坡已成为中国游客的首选目的地,并提到可注意旅游相关股票,包括云顶和新航。 云顶的股价已大涨,从一周前的92分飙升至上周五的98分,涨幅为6.5%,受益于中国与新加坡所宣布的30天互免签证安排。此免签证安排进一步巩固了新加坡作为中国游客首选旅游目的地的地位 。 新航股价也上升, 上周五收涨 4分,或 0.6%,至 $6.38, 上周一一度触及盘内高点 $6.45 。
 
* 在今年 6 月 5 日的股市分析,有提到人工智能 (AI)是备受关注的热门科技,并推荐 OpenAI大股东微软(Microsoft)是另一家值得关注的人工智能股票。 微软股价6 月初低于 340 美元,但后来已在 11 月 28 日飙升至 历史新高的$382.70 美元。 微软 12 月 8 日上周五收盘价为 $374.23 美元。
 
 
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( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
 
* Three weeks ago, it was mentioned in our 20th November market update that Singapore has become a top choice of tourist destination for Chinese tourist in a survey, and that we may watch out for tourism-related stocks, including Genting and SIA. Genting share price has jumped, surging from 92 cents a week ago to 98 cents last Friday for a 6.5% gain, having benefitted from the announcement of the mutual 30-day visa-free arrangement between China and Singapore, which further cemented Singapore as the top tourist destination for Chinese tourists. SIA's share price also rose, gaining 4 cents or 0.6% to $6.38 last Friday, after hitting an intra-day high of $6.45 last Monday. 
 
* In our 5th June update this year, we have identified Artificial Intelligence (AI) as the next big thing to watch, and recommended Microsoft, the major shareholder of OpenAI, as the AI play to watch out for. Microsoft was trading below $340 back then in early June, but has since surged to a record high of US$382.70 on 28th November. Microsoft last traded at $374.23 at the close of last Friday on 8 December.  
 
04-12-2023 (Mon) 10.30am
* 金价飙升,2月交割的黄金期货结算价上周五收涨32.50美元 至2089.70美元。 这符合Ecomm今年年初购买黄金“尤其是当美联储停止加息之前的那段时期"的建议。 Ecomm 也在 9 月 4 日的股市讯息中重申买入黄金,当时黄金期货交易价格低于 1940 美元。
 
 
黄金价格受多种因素的影响,这包括:
1. 美元价格
由于黄金在全球是以美元交易的,所以当美元指数下跌时,金价一般是上涨的。
 
2.美联储利率
由于黄金是无息资产(non interest bearing),利率下降或暂停加息都对金价有利,因为这降低了其他资产投资可获得的利息机会成本(opportunity cost)。
 
3、大灾难
如果战争大升级,或者发生大型企业破产等负面大事件,金价必升值,因为黄金是应对此类灾难最好的对冲工具。
 
当今世界混乱的局面,再加上美联储明年有可能会降息,意味着明年的金价还是会有上升的潜力。 目前金价已飙升。 如果金价回落,还是可考虑投资黄金。
 
 
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( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
 
* Gold prices surged, with Gold futures for February delivery rising US$32.50, to settle at US$2089.70 last Friday. This was in line with Ecomm's recommendation at the start of this year to buy gold "especially nearer the period when the Fed stops hiking the rates."  Ecomm has also reiterated the buying of gold in our 4 Sept market update when gold futures was trading below US$1940. 
 
  
Gold price is influenced by several factors including:
1.  US dollar
As gold is globally traded in US dollar, when the US dollar index goes down, gold price tends to go up.
 
2. US interest rates
As gold is a non-interest bearing asset, a decline in interest rates, or a pause in rate hike will benefit gold price, because the opportunity cost of the interest gained elsewhere will be lowered.
 
3. Major catastrophes 
If wars significantly escalate, or negative events such as a major corporate bankruptcy takes place, gold, which is a good hedge against such catastrophes, will appreciate in value. 
 
Looking at the chaos in the world today, and a possible rate cut from the Federal Reserve next year, there is potential for gold price to further appreciate next year.  Gold price is soaring now. Should there be a price retreat in future, we may still possibly consider investing in gold.
 
 
21-11-2023  (Tue) 7.45am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"楊子江船厂(YANGZIJIANG SHIPBUILDING)从1.56下跌至1.43,开始反弹,现价1.47,在250日线的值支持下,可能上试1.56和1.69,支持1.43。(图表请参看ECOMM网站)。"
 
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( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"YANGZIJIANG SHIPBUILDING fell from 1.56 to 1.43 and began to rebound. The current price is 1.47. With the support of the 250-day line, it may test 1.56 and 1.69. Support is at 1.43. (See the chart at ECOMM website)."
 
"
 

 
 
 
20-11-2023 (Mon) 10.25am
* 康福德高(ComfortDelgro)和云顶新加坡(Genting Singapore)的最新盈利报告均表现强劲。
 
康福德高上周二傍晚(11 月 14 日)宣布,由于公共交通业务复苏,第三季度盈利同比增长 54.5%,星展银行研究部随后给予康福德高 $1.67的目标价。 (ComfortDelgro 目前交易价为$1.33)。
 
报告了强于预期的业绩之后,云顶新加坡的股价周二(11 月 14 日)从 之前的85分闭市价飙升至 盘中高点的95分, 涨幅高达 11.8%。 云顶新加坡的股价周三(11 月 15 日)甚至触及 97分的盘中高点,过后股价于周五(11 月 17 日)才回落至收盘价 94分。 云顶的第三季度净利意外同比增长 59% 至 2.163 亿元,据报道,尽管新加坡2023年第三季度的游客人数仅为疫情之前 77%的水平,但云顶的 VIP 和大众赌场的人量均已超过 2019 年疫情之前的水平。看来越来越多的中国游客选择到新加坡来,而且不仅如此,旅客在云顶新加坡的消费也较高。 云顶新加坡宣布将斥资 68 亿元用于 RWS 2.0, 这个数目远高于最初预算出的 45 亿元, 有些人为此表示担忧,但前往云顶新加坡游客的势头与乐观情绪, 应该会在接下来的几个季度持续下去。继最新盈利报告发布后,星展银行研究部给予云顶新加坡 $1.05的目标价。 (云顶新加坡目前的股价:$0.915)
 
... 新加坡的旅游业将受益于更多中国游客的到来,我们也可注意相关的股票。 新航目前交易价为$6.21 ,也可注意这只股。
 
 
* 中芯国际(SMIC) 报告营收下降 15% 至 16.2 亿美元,低于预期,虽然投资者期望该公司为华为智能手机供应芯片将有助于抵消营收的损失,但业绩却不及预期。 在香港交易所,中芯国际股价从之前盘中高点25港元已经下跌至22港元以下。 如果你已买了这只股,不妨在股价上升的机会到来时,赢钱就走, 因为芯片行业的发展速度非常快,谁也不知道明天会发生什么。
 
 
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( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
 
* The latest earnings reports came in strong for both ComfortDelgro and Genting Singapore. 
 
ComfortDelgro last Tuesday evening (14 Nov) reported a 54.5% y-o-y rise in Q3 earnings on the recovery of its public transport segment, and DBS Research gave ComfortDelgro a target price of $1.67. (Current price of ComfortDelgro: $1.33).
 
Following the reporting of stronger than expected earnings, shares of Genting Singapore surged from 85 cents to an intraday high of 95 cents for a 11.8% gain on Tuesday (14 Nov) . Genting Singapore's shares went on to hit a high of 97 cents on Wednesday (15 Nov) before retreating to the closing price of 94 cents on Friday (17 Nov). Genting reported a surprise 59% yoy rise in Q3 net profit to $216.3 million, and it was reported that both VIP and mass gaming volumes had already exceeded pre-pandemic levels in 2019, even though tourist arrivals in Singapore were only about 77% of pre-pandemic levels in Q3 of 2023. It looks like more Chinese tourists have chosen to come to Singapore, and not only that, they are spending more at Genting Singapore. While there are concerns regarding Genting Singapore's announcement that it will be spending $6.8 billion for RWS 2.0, which is significantly higher than the $4.5 billion indicated in its initial budget, the ongoing momentum and optimism in tourist spendings at Genting Singapore will likely be sustained for at least the next few quarters. Following the latest earnings report, DBS Research has given a target price of $1.05 for Genting Singapore. (Current trading price: $0.915)
 
... The tourism and travel, hospitality and transport industries in Singapore will benefit from higher Chinese arrivals, and we may watch out for stocks in these related sectors.  Singapore airlines is currently trading at the attractive valuation of $6.21, and we may also look out for this stock. 
 
* SMIC missed expectations when it reported a 15% fall in revenue to US$1.62 billion, despite of hopes that its supply of chips to Huawei smartphones would help to offset the loss in sales. In the Hong Kong Stock Exchange, SMIC's share price had since fallen from the intraday highs of above HK$25 to below HK$22.  If you have bought this stock, you may wish to take profit whenever the opportunity arises, as the chip industry can move in a very fast pace, and there is no telling what will happen tomorrow.
 
 
 
 
28-10-2023   (Sat)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"美联储将于下周召开货币政策会议。预计将把基金利率维持在5.25%-5.5%的区间,不过鲍威尔曾表示,强劲的经济和紧张的就业市场可能会让美联储有理由进一步加息。美联储会议过后,市场才会有较明朗的走势。
 
在图形方面,道指和纳指都同时触及双平行线的支持点。(图表请参看ECOMM网站)"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"The Federal Reserve will hold a monetary policy meeting next week. The Federal Reserve is expected to keep the funds rate at a range of 5.25%-5.5%.  However, Powell did say that a strong economy and a tight job market may give the Fed reason to raise interest rates further. After the Fed meeting, the market will have a clearer outlook.
 
On the technical charts, both the Dow and Nasdaq hit support points on the double parallel lines. (Please refer to the chart on  ECOMM website)"
 
 
 
 
 
 
 
21-08-2023   (Mon)  9.45am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"图表跟进分析  :  吉宝企业(Keppel Corporation)
 
从图形看到吉宝企业已跌至双平行线的支持点,也是89天的支持点,可开始注意。(图表请参看ECOMM网站)
 
吉宝企业(Keppel Corporation) 是一家全球资产管理公司操作员。 吉宝企业于7月27日公布2023年上半年财务业绩净利润达 36 亿新元,主要由上半年出售吉宝岸外与海事(吉宝岸外与海事)的价值达 33 亿新元。2023年,剔除已终止的业务,2023年上半年净利润增至4.45 亿新元,同比增长 3%。 值得注意的是,经常性收入贡献了76%。上半年净利润,派发中期股息每股15仙。而且每 5 股吉宝企业股份即可派发 1 股吉宝房地产投资信托( Keppel REIT)基金周年特别股息 。在剥离吉宝岸外与海事后,吉宝企业的前景可能不错。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"Follow-up chart analysis: Keppel Corp
 
It can be seen from the chart that Keppel Corp has fallen to the support level of the double parallel lines, which is also the 89-day support level. We may therefore start to watch out for this stock. (See the chart on ECOMM website)
 
Keppel Corp is a global asset manager and operator. Keppel Corp announced its financial results for the first half of 2023 on July 27, with a net profit of S$3.6 billion, mainly driven by the sale of Keppel Offshore & Marine booking gains worth S$3.3 billion. Excluding the discontinued Offshore and Marine operations, net profit in the first half of 2023 came in at S$445 million, a year-on-year increase of 3%. Recurring revenue notably contributed 76% to the bottom line. An interim dividend of 15 cents per share was distributed, and for every 5 Keppel Corp shares, 1 Keppel REIT fund annual special dividend will be distributed. Following the spinoff of Keppel Offshore & Marine, the outlook for Keppel Corp may be looking good. "
 
 
 
13-06-2023   (Tue)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
美国6月股市应会继续上涨,海指即將跟随,而且可能会全面上涨,我们维持5月时的预测看法,即6月股市会上涨,海指现在的STOCHASTIC,MACD,都呈现上升的趋势,RSI也可能出现双底,可开始注意。(图表请参看ECOMM网站)。"
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"The U.S. stock market should continue to rise in June, and the STI is about to follow suit, and the rally may be a broadbased one. We maintain our forecast in May that the stock market will rise in June. The STOCHASTIC and MACD of the STI are showing an upward trend, and a double bottom may also appear in the RSI. We may start to keep a lookout.  (See the chart on the ECOMM website)"  
 
 

 
10-06-2023  (Sat)  9.30am
纳指表现优异,年初至今的涨幅高达 26.7% ,扭转了 2022 年 34%的跌幅。通胀趋势如我们预期的下降,加上不错的科技企业财报,以及人工智能股的推动,提振以科技股为主的纳指再创今年的新高。 美国中期选举过后,在新一年的头两个季度,美股从历史数据来看一般是上扬的, Ecomm 去年在股市悲观情绪时已指出这一点。
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.
 
Nasdaq has also chalked up impressive year-to-date gains of  26.7%, reversing the 34% decline in 2022.  A declining inflation trend as we had expected, coupled with better-than-expected tech earnings, and AI plays, had propelled the tech-heavy Nasdaq to new highs this year. The first 2 quarters of the year following the U.S. mid-term elections had historically mostly returned positive gains as Ecomm had pointed out last year when the market was in a bearish mood.
 
05-06-2023 (Mon) 9.00am
人工智能 (AI) 是备受关注的热门科技。 受人工智能 (AI) 技术需求激增的推动,英伟达(Nvidia)股价今年迄今已飙升约 170%,而 AMD 股价今年迄今上涨 82%,美光(Micron)股价则上涨 38%。 随着人工智能聊天机器人ChatGPT 用户群激增,微软(Microsoft)是另一家值得关注的人工智能股票,其股价今年迄今也已上涨了约 40%。 Ecomm之前曾分析过,科技股在今年第一季度和第二季度将可能会有不错的表现。 大型科技公司股价飙升,已证实了这一点。
 
ChatGPT 等人工智能也推动了以人工智能为中心的半导体设备需求. 美国AI股票大涨, 也提振了AEM Holdings 和 UMS 等本地半导体科技股。AEM Holdings 在5月2日盘中股价触及$3.64 的阻力(请参考 Ecomm 2023 年 3 月 27 日技术图表),并回落至 2023 年 5 月 17 日 的$3.08 。在 美国AI股票上扬 的提振下,AEM Holdings 在上周四( 6月 1 日)收盘价位已反弹至 $3.66 。
 
(所提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission. )
 
Artificial Intelligence (AI) is the next big thing to watch out for. Boosted by a surge in demand for artificial intelligence (AI) technology, Nvidia shares have soared by about 180% so far this year, while AMD shares jumped 82% year-to-date, and Micron shares rose 38%. With the surging user base of its ChatGPT (a generative AI chatbot), Microsoft is another AI play to watch out for, as its share price rose about 40% year-to-date. Ecomm had analysed before that tech stocks will likely do well in the first and second quarter of this year. We are seeing exactly that now as the share prices of big techs surged. 
 
Artificial Intelligence such as ChatGPT is also fueling the demand for AI-focused semiconductor devices, as local semiconductor tech shares such as AEM Holdings and UMS became the beneficiaries of the AI rally in the U.S.  AEM Holdings hit the resistance of $3.64 in intraday session of 2nd May 2023 (refer to Ecomm technical chart on 27 March 2023), and went all the way down to $3.08 on 17th May 2023. Boosted by the AI rally, AEM Holdings has since rebounded to $3.66 on last Thursday's close (1 June 2023). 
 
 
23-02-2023   (Thu)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
"个别股图表跟进分析  (图表请参看ECOMM网站)
2月15日我曾提到YANGZIJIANG SHIPBUILDING “ 扬子江船厂经过两周的调整,又触及长期的支持线。如不跌破这条支持线,就可能挑战1.45,现价:1.27 支持1.24"。短短7天过后,扬子江船厂已上涨至1.35。现在已突破三角形的阻力,但触及1.35的阻力,如能破1.35的阻力,将可上试1.45。"
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
" Follow-up analysis of individual stock charts (see chart in ECOMM website)
On February 15, I mentioned about YANGZIJIANG SHIPBUILDING that "After two weeks of downside adjustment, Yangzijiang Shipyard has touched the long-term support line again. If it does not fall below this support line, it may test the upside at 1.45.  Current price: 1.27. Support: 1.24"  In just a short period of 7 days, Yangzijiang Shipbuilding had already risen to 1.35. It has now broken through the triangular resistance, but is met with the resistance at 1.35. If it can break above the resistance of 1.35, it may attempt to test the upside at 1.45. "
 
 
15-02-2023   (Wed)   8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"YANGZIJIANG SHIPBUILDING  扬子江船厂经过两周的调整,又触及长期的支持线。如不跌破这条支持线,就可能挑战1.45,现价:1.27 支持1.24"
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"YANGZIJIANG SHIPBUILDING 
After two weeks of downside adjustment, Yangzijiang Shipyard has touched the long-term support line again. If it does not fall below this support line, it may test the upside at 1.45.  Current price: 1.27. Support: 1.24"
 
30-01-23 (Mon)  3.30pm
多年前,Ecomm 对黄金提出了买入建议,随后几年看到黄金进入牛涨时期。 黄金现在又再次受到瞩目。 尽管黄金不支付股息,但从长远来看,黄金有上涨的潜能尤其是当美联储停止加息之前的那段时期。可买入黄金的原因如下:
* 黄金是对冲市场风险的良好对冲工具,尤其是当你不想卖掉手上股票,计划长期持守拥有的股票。 
* 中央银行和金砖国家一直在购买黄金。 金砖国家正在建立一种与黄金挂钩的新货币。 如果金砖国家真的实行这样的一个新货币(看来这是迟早的事),那么从长远来看,金价将远高于目前的价格。
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
Years ago, Ecomm made a buy recommendation on gold, and it went bullish for the next few years. Gold is now in vogue again. Despite not paying dividends, gold may be considered a good add to your portfolio in the longer term, especially nearer the period when the Fed stops hiking the rates. Here are the reasons why:
* If you intend to hold on to your portfolio positions for the long term, gold is a good hedge against market risks.
* The central banks and the BRICS nations have been buying up gold. the BRICS are looking to set up a new currency that is tagged to the gold. If this common currency were to come into being, which it looks like it will in time to come, then gold price is going to go up much higher than the current price in the longer run.
 
10-01-2023   (Tue)  8.00am
以下是辉立证券首席股票经纪陈奕利先生的股市分析:
 
"投资者趁低买进特斯拉,推动纳指上涨。
 
市场关注美国12月消费者价格指数与银行财报。本周投资者密切关注周四的12月消费者价格指数(CPI)报告,也注意摩根大通、花旗集团和富国银行在周五将公布的财报。
 
Tesla(特斯拉)已触及双平行线的较强的支持线,可能底部已出现(图表请参看ECOMM网站)。汽车股可开始注意。"
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
The following is the market analysis by Phillip Securities Principal Remisier Mr Willie Tan Yi Li:
 
"Investors bought in Tesla on a bargain hunting basis, pushing the Nasdaq index higher.
 
The market will focus on the U.S. inflation data, and the upcoming bank earnings. Investors this week will be watching closely this Thursday's U.S. December Consumer Price Index (CPI) report, as well as earnings reports from JPMorgan Chase, Citigroup and Wells Fargo on Friday.
 
Tesla has touched a strong support of the double parallel channel, and the bottom may have possibly emerged  (see the chart on ECOMM website). We may start to watch out for Auto stocks. "
 
 
 
 
 
05-12-2022 (Mon) 11.30am
以下是陈奕利先生的图表技术分析(请上Ecomm网站参看图表):
 
先进微器件 Advanced Micro Devices (Nasdaq:AMD)
已突破长期A-B的阻力线。现正触及半年线的阻力,如能突破,可能会上试79.23-85.68-93.38。    止损: 71.60  
 
美光科技 Micron Technology (Nasdaq:MU)
触及短期A-B的支持线即反弹。
止损:52.61-51.91    目标:64.44-75.41
 
英伟达 Nvidia (Nasdaq:NVDA)
如能突破长期A-B的阻力线,就可能上试191.54。
止损:151.20  
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
 
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
Here is the technical chart analysis by Mr Tan Yi Li 
 
Advanced Micro Devices (Nasdaq:AMD)
Has already broken through the A-B resistance level. It has now touched the resistance of the half-year line, and if can break through this resistance, it may test the upside at 79.23-85.68-93.38. Stop Loss: 71.60  
 
Micron Technology (Nasdaq: MU)
It will rebound when it touches the short-term A-B support line. Stop Loss:52.61-51.91    Target: 64.44-75.41
 
Nvidia (Nasdaq:NVDA)
If it is able to break above the long-term A-B resistance level, it may test the upside at 191.54。
Stop Loss:151.20  
 
 
 
04-07-2022 (Mon) 9.00am
高通胀和经济衰退风险仍然是市场的担忧...
 
 
在 70 年代末和 1980 年代初期间,全球主要经济体一直在与 10% 以上的高通胀抗战,同期间也得应对好几次的经济衰退。高通胀持续好几年,直到保罗·沃尔克(Paul Volcker)出任美联储主席,果断采取大举加息至20%的举措后,多年的高通胀才终于结束,高失业率也随之回落 。大家在 1980 年代初的大通胀年中所吸取的教训是,当一个经济体同时面临高通胀和经济衰退(称为滞胀)时,首先应当解决的是高通胀问题,解决了高通胀以后,高失业率问题就会迎刃而解。因此,投资者不应期望, 经济增长如果一旦放缓时,美联储会对加息走软。正如Ecomm 之前提到的,只要通胀数字仍在非常高位的水平,美联储无论如何应该还是会继续加息的。
 
因此,那些目前正在偿还浮动利率房贷(variable home loan)的, 要有所准备, 利息可继续上升,直到全球高通胀问题得以控制为止。
 
 
 
(Ecomm.sg提供的本文只供参考, 投资买卖,必须審慎,自负责任。版权所有,未经允许,禁止转载。)
 
( All contents provided by Ecomm.sg are for informational purposes only. Access to and the use of the contents are at the user's own risk. You should assess your situation and risk tolerance, and do your own due diligence before making any investment decisions. All losses and costs associated with investing are your responsibility. All rights reserved. This material may not be published, broadcast, or redistributed without permission.)
 
High inflation and recession risks remain as the market concerns of the day...
 
 
In the late 1970s and early 1980s, the major global economies had been battling persistent high inflation levels of above 10% for years, and recessions had taken place as well. It was only when Paul Volcker became the Fed chairman and took the decisive action of aggressively raising interest rates to as high as 20% that the years of high inflation finally came to an end, and a decline in high unemployment rate followed. The lesson learnt during the great inflation years in the early 1980s is that when faced with both high inflation and recession (a phenomenon known as stagflation), one should resolve the high inflation problem first, and the coming down of high unemployment numbers will follow.  Therefore, investors should not have the expectation that should economic growth declines, the Fed will go soft on interest rate hikes. As mentioned before, as long as the inflation numbers remain very high, the interest rate hikes will continue on.
 
As such, those of us who are currently on variable home loan packages ought to be prepared to pay higher home loan interests in the months ahead until the global high inflation problem comes under control. 
 
 
 
 
 
 
 
 

 
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