STI down 0.1%

Local sentiment is expected to be gloomy.

OCBC Investment Research said:

Continued weakness on Wall Street overnight and the weak Nikkei start (down 0.3% now) are likely to weigh on local sentiment this morning.

The STI, which ended 0.1% lower yesterday, could slide closer to key 3000 psychological support, although we see a minor support around 3020.

On the upside, we peg the initial hurdle at 3080, ahead of the key 3100 psychological resistance.

Although we saw a spike in volume, we note that this came mainly from penny stocks (average value ~S$0.40 per unit); and we expect the penny stocks and situational plays to continue to hog the limelight in absence of any major economic/market news.

IG Markets Singapore meanwhile noted:

In Singapore, manufacturing activity data was released last night showing a fifth consecutive month of contraction. The November PMI print came in at 48.8, a slight improvement on October’s 48.3 but nothing to get excited about.

The electronics sector also shrank again last month with a PMI reading of 47.4.

While we keep our fingers crossed this will be a day free of Olam/Muddy Waters intrigue, the futures market points to another flat open for the STI this morning.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia