Singapore stock preview: SIA, AEM, Mapletree Industrial Trust, SGX
SGX-ST mainboard stocks to note for the week of 14 September 2020.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust has entered into a sale, purchase and escrow agreement with an unrelated third-party vendor for the proposed acquisition of a data centre and office for a consideration sums of between S$272.8 million and S$356.5 million.
The property, located in Virginia, US, is fully leased on a triple net basis with a balance lease term of more than five years to a multinational company.
The property has a valuation of between S$278.8 million and S$361.8 million as of 31 August 2020 from Cushman & Wakefield in North Carolina.
The valuations are respectively 2.2% and 1.5% higher than the purchase considerations.
Mapletree Industrial Trust shares rose 0.64% on Monday (14 September 2020) morning. Shares are trading at S$3.14 as at 11:15 SGT.
The stock has an average rating of ‘buy’ from 16 brokers polled by Refinitiv.
Singapore Exchange (SGX: S68)
Singapore Exchange (SGX) reported its August 2020 market statistics last Friday 11 September 2020, in which total securities market turnover jumped 18% year-on-year to S$28.1 billion.
Meanwhile, equity index futures declined 11% year-on-year to 14.9 million contracts, as volatility of underlying Asian markets returned to more normal levels.
Commodities managed a 10% month-on-month gain in volume amid China’s reopening and hedging activity. Iron ore derivatives recorded volume of 2.1 million contracts, up 13% month-on-month as iron ore futures prices flirted with a multi-year high.
SGX shares opened at S$8.52 each on Monday 14 September 2020, rising 0.5% thirty minutes later.
The stock currently has an average rating of ‘hold’ from 13 brokers polled by Refinitiv.
Ready to buy or sell Singapore stocks?
CFDs allow you to trade shares without buying and selling the underlying assets. Open a live or demo account with IG today.
SIA (SGX: C6L)
Singapore Airlines (SIA) Group announced last Thursday (10 September 2020) that it would cut around 4,300 positions across its three airlines – flagship carrier SIA, regional arm SilkAir and low-cost wing Scoot.
Shares fell 1.4% within minutes of the market opening on Monday 14 September 2020 to S$3.53 each.
The stock currently has an average 12-month target price of S$3.41 a share from 11 analysts polled by Bloomberg, as of 10 September 2020. This represents a downside of 3.4% from the last traded price.
Eight brokers have rated the stock a ‘hold’, while four gave ‘sell’ recommendations.
Read more: Top 5 Singapore stocks to watch in September 2020
AEM Holdings (SGX: AWX)
Last Thursday, electronics company AEM Holdings Ltd raised its full-year revenue guidance for fiscal 2020 by roughly 4% to between S$480 million to S$500 million.
AEM shares soared as much as 10.6% a day after the group raised its revenue guidance for the full 2020 financial year.
This week, the stock opened at S$3.68 per share, and rose to S$3.75 at 10:00 SGT on the IG platform.
Following the guidance revision, Maybank analysts on Friday raised their AEM target price by 19% to S$5.05, up from S$4.04 previously. Rating remained unchanged at ‘buy’.
The stock currently has a mean 12-month target price of S$4.56, according to Refinitiv analyst ratings. This represents a potential stock upside of around 24%.
How to trade Singapore stocks with IG
Are you feeling bullish or bearish on SGX-listed stocks?
Either way you can buy (long) or sell (short) the asset using derivatives like CFDs offered on IG's industry-leading trading platform in a few easy steps:
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
