Excerpts from DBS report

Earnings watch
We think investors will fall back on corporate earnings as the 4Q results season unfolds amid developing market uncertainties.

COVID-19 beneficiaries such as supermarket player Sheng Siong and PPE manufacturers Riverstone and Medtecs should continue to post good earnings as borders remain close and virus resurgence in many countries continues to drive demand for PPEs.

iFast will ride on the strong growth in AUA, as well as earnings upside from the new eMPF project from Hong Kong.


DBS earningswatch2.21


Medtecs PPErange

Singapore’s stronger-than-expected December electronics exports growth of 13.7% y-o-y should underpin earnings expectation of technology stocks.

Names such as AEM should continue to ride on the strength of the semiconductor sector.

We look at China Aviation Oil (CAO) and HPH Trust to deliver earnings recovery.

CAO’s 2H20 earnings is poised for a strong rebound, led by key associate SPIA as traffic at Shanghai Pudong International Airport has bounced on firm domestic air travel.

Overall throughput has picked up firmly since June 2020 and HPH Trust is on track for a strong 2H20.

Container volumes at Yantian port rose by 27% y-o-y in October while Kwai-Tsing port also posted 3% growth.

Full report here. 

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Counter NameLastChange
AEM Holdings3.3800.050
Avi-Tech Electronics0.255-
Best World1.640-
Broadway Ind0.076-0.002
China Sunsine0.400-0.010
ComfortDelGro1.2900.010
Delfi Limited1.2800.020
Food Empire1.1200.030
Fortress Minerals0.325-0.010
Geo Energy Res0.255-
GSS Energy0.033-0.001
Hong Leong Finance2.480-0.010
Hongkong Land (USD)3.4500.030
InnoTek0.415-0.005
ISDN Holdings0.375-
ISOTeam0.043-
IX Biopharma0.045-
Jiutian Chemical0.032-
KSH Holdings0.315-0.005
Leader Env0.070-0.003
Medtecs Intl0.142-0.002
Nordic Group0.415-
Oxley Holdings0.105-0.002
REX International0.186-0.004
Riverstone0.600-0.010
Sinostar PEC0.140-
Southern Alliance Mining0.690-
Straco Corp.0.4550.010
Sunpower Group0.295-
The Trendlines0.095-
Totm Technologies0.048-0.001
Uni-Asia Group0.950-
Wilmar Intl3.7400.040
Yangzijiang Shipbldg1.670-0.040
 

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