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GEM COMM Daily News (investment, stocks)

International Investor Relations firm based in Singapore Services: Investor Relations, Public Relations, crisis comm Link to GEM COMM: https://linktr.ee/gemcomm Pm us: @Sggemcomm

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Daiwa House Logistics Trust (DHLT) will be giving a talk via Zoom to Lim & Tan Securities on 19 Sept 2024, Thursday, 12pm-1pm (tomorrow) Presentation Agenda: - 1HFY24 results and business updates - FY24 outlook - Q&A Company Profile: Daiwa House Logistics Trust (DHLT) is a Singapore real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The REIT is established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing logistics and industrial real estate assets located across Asia. DHLT’s investment focus will be to invest in logistics and industrial real estate assets in Asia, in particular, within Japan as well as in the ASEAN region. DHLT’s key objectives are to provide Unitholders with regular and stable distributions, and to achieve long-term growth in DPU and net asset value per Unit, while maintaining an optimal capital structure and strengthening the portfolio in scale and quality. Details: Topic: DHLT Lunchtime Webinar 19 Sept 2024 (Thursday) Time: 12.00 PM to 1.00PM Singapore Join Zoom Meeting https://us06web.zoom.us/j/82029486878?pwd=Y9MmsVq1kPZxgvrgUPLHG47f2xvnYe.1 Meeting ID: 820 2948 6878 Passcode: 259705
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Dow: +0.72%; S&P: +0.54%; Nasdaq: +0.65% STI: +0.17%; Nikkei: -0.68%; HSI: +0.75% VIX: 16.56 (-2.99%) ; CNN fear index: 49 Macro News S&P 500 and Nasdaq rally Friday to cap best week in 2024: Live updates https://www.cnbc.com/2024/09/12/stock-market-today-live-updates.html China's August new lending rises less than expected, more policy steps expected https://www.channelnewsasia.com/business/chinas-august-new-lending-rises-less-expected-more-policy-steps-expected-4607086 U.S. firms say confidence in China has hit an all-time low https://www.cnbc.com/2024/09/13/us-firms-say-confidence-in-china-has-hit-an-all-time-low.html China’s retail sales and industrial data miss expectations in August https://www.cnbc.com/2024/09/14/china-retail-sales-industrial-data-miss-expectations-august.html Foreign News Exclusive-EU break-up order to Google unlikely for now, sources say https://www.channelnewsasia.com/business/exclusive-eu-break-order-google-unlikely-now-sources-say-4607476 Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole https://www.cnbc.com/2024/09/13/de-minimis-shein-temu-biden-china-rules.html Uber, Waymo to expand autonomous ride hailing to Austin, Atlanta https://www.channelnewsasia.com/business/uber-waymo-expand-autonomous-ride-hailing-austin-atlanta-4607371 Singapore News Jurong Lake District tender for mega site not awarded as S$640 psf ppr bid ‘too low’ https://www.businesstimes.com.sg/property/jurong-lake-district-tender-mega-site-not-awarded-s640-psf-ppr-bid-too-low Qoo10 under police probe as vendors lodge reports over delayed payments https://www.businesstimes.com.sg/singapore/qoo10-under-police-probe-vendors-lodge-reports-over-delayed-payments UMS founder and CEO Andy Luong acquires 600,000 shares from the market for $589,500 https://www.theedgesingapore.com/capital/insider-moves/ums-founder-and-ceo-andy-luong-acquires-600000-shares-market-589500 We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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S&P 500 and Nasdaq rally Friday to cap best week in 2024: Live updates

The major averages posted weekly gains as traders aim to overcome a sluggish September.

Best of Analyst Reports SG stocks Dyna Mac- Maybank BUY TP $0.64 https://mkefactsettd.maybank-ke.com/PDFS/405481.pdf CSE Global – UOBKH BUY TP $0.59 https://research.uobkayhian.com/content_download.jsp?id=81035&h=af3993447855867e6c548df09c7bbf0c&utm_medium=email&_hsenc=p2ANqtz-8gz77QiMX4ntUjqcsdnk-yt-Bv-i_iWXRKTMlSc0kdScr65h9KlMfuHwxkyz0Qo0TvGET3R_wC5DDxQAL4rgPedcZ9Fg&_hsmi=324081953&utm_content=324081953&utm_source=hs_email SGX – CGS HOLD TP $12.50 https://rfs.cgsi.com/api/download?file=b18cd3ce-0a96-4f2c-98b3-b047e93baf55&rpt=66DB1858-0FCC-D037-7876-E8C83C66EB58 Comfort Delgro- UOBKH HOLD TP $1.56 https://research.uobkayhian.com/content_download.jsp?id=81056&h=f0260ab8433a66a73202975851cfa3b7&utm_medium=email&_hsenc=p2ANqtz-9svn7rIJNSkM0n9aHVvHrxEiSetcyNw-9l6k3ntMCwunOG5QidXjGO1bXgKeeKVfZKL3zR80u-qcwJZXUP_VUaQZO1nQ&_hsmi=324275804&utm_content=324275804&utm_source=hs_email Keppel DC REIT – UOBKH BUY with higher TP $2.28 https://research.uobkayhian.com/content_download.jsp?id=81078&h=5811f7fa640a89f9cd36db13e97ab458&utm_medium=email&_hsenc=p2ANqtz-8fHpCXAL9NPHIe5YWbpG7m64irmk7Zo52rdNO8kM_5NBkgG79pgTuQgQbh9oQDEEY_buph9cqHdijstXbheJEM2bXtQw&_hsmi=324462089&utm_content=324462089&utm_source=hs_email Foreign Stocks BMW- DBS BUY with lower TP Eur 85 https://www.dbs.com/insightsdirect/company/TR4295869227?source=vdailynewsletter&sourceid=tmp&subsource=&pagesec=whatsnew&pagesecid=21181 Strategy/Sector SG REITS- DBS https://www.dbs.com/insightsdirect/screener?source=vdailynewsletter&sourceid=tmp&subsource=&portsec=-2&portid=41957 HK property UOBKH marketweight https://research.uobkayhian.com/content_download.jsp?id=81052&h=4739630337ec71140dfbd9a8d0de79f0&utm_medium=email&_hsenc=p2ANqtz-_LrSbvmPyvkVdsIAXI_C3-8XhrPC4Xtqv1iyhXAlNGw6F-UTD7zPLK8MCL25gy6ssexOWwdfhyZTP_6AALjZyRv1J2vA&_hsmi=324275804&utm_content=324275804&utm_source=hs_email We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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Best of Blogs Investing 4 best places to stash your U.S. dollars https://fifthperson.com/best-places-to-stash-us-dollars/ T-bill yield falls to 3.10%. Why the further decline? https://growbeansprout.com/t-bill-allotment-12-september-2024 CICT buys ION Orchard for $1.8 billion – Will I subscribe for the Preferential Offering? Buy this REIT at 5.3% dividend yield? https://financialhorse.com/cict-buys-ion-orchard-for-1-8-billion-will-i-buy-this-reit-at-5-3-dividend-yield-subscribe-for-preferential-offering/ 19 S-REITs gained 10% or more in just 1 month! https://drwealth.com/19-sreits-gained-10-or-more-in-just-1-month/ Why the Fed Should Cut 0.25%, Not 0.5% https://drwealth.com/why-the-fed-should-cut-0-25-not-0-5/ Personal nourishment How to plan for your retirement? Top fund manager shares key ingredients https://growbeansprout.com/jpm-fund-manager-retirement-tips DollarsAndSense Book Review: 5 Timeless Lessons from Morgan Housel’s The Psychology of Money https://dollarsandsense.sg/dollarsandsense-book-review-5-timeless-lessons-morgan-housels-psychology-money/ What Is The Household Income For Singapore Families? (Based On Flat Types, Household Members) https://dollarsandsense.sg/much-money-singapore-households-really-earn-based-flat-types-household-members/ 2024 Edition Top 10 Richest Billionaires In Singapore And How They Earned Their Wealth https://dollarsandsense.sg/2024-edition-top-10-richest-billionaires-singapore-earn-wealth/ Guide To The 50/30/20 Budget Rule, And How It Helps You Save For The Long-Term https://dollarsandsense.sg/guide-50-30-20-budget-rule-save-long-term/ Quality Over Quantity: 10 Things You Should Splurge On In Life https://dollarsandsense.sg/quality-things-splurge-life/ How Much Can You REALLY Earn as a Shopee Affiliate? https://sgbudgetbabe.com/how-much-can-you-earn-shopee-affiliate-program/ We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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4 best places to stash your U.S. dollars

We explore the various strategies available to investors for managing their USD holdings, each with its own set of advantages and drawbacks.

Dow: +0.58%; S&P: +0.75%; Nasdaq: +1.0% STI: +0.72%; Nikkei: +3.41%; HSI: +0.77% VIX: 17.07 (-3.50%) ; CNN fear index: 43 Macro News Wall Street ends higher, gold hits record ahead of rate cuts https://www.channelnewsasia.com/business/wall-street-ends-higher-gold-hits-record-ahead-rate-cuts-4603001 Asia-Pacific markets mostly fall, but China set to rebound from near six-year low https://www.cnbc.com/2024/09/13/asia-markets.html China’s plan to boost consumption by encouraging trade-ins has yet to show results https://www.cnbc.com/2024/09/13/chinas-plan-to-boost-consumption-by-encouraging-trade-ins-has-yet-to-show-results.html Federal Reserve will opt for slow policy easing as there’s ‘still work to do’ on inflation, Fitch says https://www.cnbc.com/2024/09/13/fed-will-ease-slowly-as-there-is-still-work-to-do-on-inflation-fitch.html Trump rules out new Harris debate as swing state fight resumes https://www.channelnewsasia.com/world/trump-rules-out-new-harris-debate-swing-state-fight-resumes-4605141 Foreign News Adobe stock slips on soft fourth-quarter revenue guidance https://www.cnbc.com/2024/09/12/adobe-stock-slips-on-soft-fourth-quarter-revenue-guidance.html Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer https://www.cnbc.com/2024/09/12/microsoft-to-cut-650-jobs-at-xbox-gaming-unit.html Moderna shares plunge on plans to cut $1.1 billion in costs, launch 10 new products by 2027 https://www.cnbc.com/2024/09/12/moderna-rd-day-1-billion-in-cost-cuts-10-product-launches-planned.html Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake https://www.cnbc.com/2024/09/12/ajit-jain-dumps-more-than-half-of-his-berkshire-hathaway-stake.html Singapore news Public documents in Singapore can be authenticated online from 2025 https://www.theedgesingapore.com/digitaledge/digital-economy/public-documents-singapore-can-be-authenticated-online-2025 We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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Wall Street ends higher, gold hits record ahead of rate cuts

:Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.Major U.S. stock indexes spent much of the day in mixed territory before closing higher, after a rate cut from the European Central Bank and slightly hotter-than-expected

Dow: +0.31%; S&P: +1.07%; Nasdaq: +2.17% STI: +0.53%; Nikkei: -1.49%; HSI: -0.73% VIX: 17.69 (-7.29%) ; CNN fear index: 43 Macro News S&P 500 rises, Nasdaq closes 2% higher in rebound from inflation report rout: Live updates https://www.cnbc.com/2024/09/10/stock-market-today-live-updates.html Nikkei jumps 3%, leading Asia-Pacific markets higher https://www.cnbc.com/2024/09/12/asia-markets-cpi-inflation-nvidia-fomc.html Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021 https://www.cnbc.com/2024/09/11/cpi-inflation-report-august-2024-.html Harris says Trump ‘sold us out on China’: Highlights from the presidential debate on trade and tariffs https://www.cnbc.com/2024/09/11/harris-vs-trump-on-china-debate-highlights-on-trade-and-tariffs.html China’s AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China https://www.cnbc.com/2024/09/11/chinas-ai-models-lag-their-us-counterparts-by-6-to-9-months-says-former-head-of-google-china.html Oil prices flat as lower demand signs outweigh US hurricane impact https://www.channelnewsasia.com/business/oil-prices-flat-lower-demand-signs-outweigh-us-hurricane-impact-4602861 Foreign News JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses https://www.cnbc.com/2024/09/10/jpmorgan-chase-shares-drop-nearly-7percent-after-bank-tempers-guidance-on-net-interest-income.html US closer to green lighting Nvidia chips for Saudi Arabia, Semafor reports https://www.channelnewsasia.com/business/us-closer-green-lighting-nvidia-chips-saudi-arabia-semafor-reports-4602121 Singapore News Grand Venture Technology confirms plans for secondary listing on Bursa Malaysia https://www.theedgesingapore.com/news/ipo/grand-venture-technology-confirms-plans-secondary-listing-bursa-malaysia Hanwha Group makes tender offer of 60 cents per share for Dyna-Mac https://www.theedgesingapore.com/news/offer/hanwha-group-makes-tender-offer-60-cents-share-dyna-mac We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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S&P 500 rises, Nasdaq closes 2% higher in rebound from inflation report rout: Live updates

The three major averages made a dramatic comeback from earlier losses after the August consumer inflation report.

Dow: -0.23%; S&P: +0.45%; Nasdaq: +0.84% STI: +0.46%; Nikkei: -0.16%; HSI: +0.22% VIX: 19.08 (-1.90%) ; CNN fear index: 40 Macro News S&P 500 rises for a second straight day as investors try to shake September doldrums: Live updates https://www.cnbc.com/2024/09/09/stock-market-today-live-updates.html South Korea jobless rate falls in August to record low https://www.channelnewsasia.com/business/south-korea-jobless-rate-falls-august-record-low-4600091 Thai household debt at record high amid sluggish economy, survey shows https://www.channelnewsasia.com/asia/thai-household-debt-record-high-amid-sluggish-economy-survey-shows-4598436 Foreign News Chinese EV maker BYD sets higher annual sales target, brokerage report shows https://www.channelnewsasia.com/business/chinese-ev-maker-byd-sets-higher-annual-sales-target-brokerage-report-shows-4598806 Google loses fight against US$2.7 billion EU antitrust fine https://www.channelnewsasia.com/business/google-loses-fight-against-us27-billion-eu-antitrust-fine-4598321 Oracle beats quarterly estimates as demand for its cloud services rises https://www.channelnewsasia.com/business/oracle-beats-quarterly-estimates-demand-its-cloud-services-rises-4597156 Singapore News Number of taxi, private-hire drivers grew ‘much faster’ than ridership, resulting in lower earnings: Amy Khor https://www.channelnewsasia.com/singapore/private-hire-taxi-driver-income-demand-supply-4598011 We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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Stock futures are flat as September sluggishness continues, traders await inflation data: Live updates

The three major averages rebounded on Monday after posting their worst week in 2024.

Dow: +1.20%; S&P: +1.16%; Nasdaq: +1.16% STI: +1.22%; Nikkei: -0.48%; HSI: -1.42% VIX: 19.45 (-13.09%) ; CNN fear index: 42 Macro News Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updates https://www.cnbc.com/2024/09/08/stock-market-today-live-updates.html Workers at several large US tech companies overwhelmingly back Kamala Harris, data shows https://www.channelnewsasia.com/business/workers-several-large-us-tech-companies-overwhelmingly-back-kamala-harris-data-shows-4595926 China's consumer prices rise in August, PPI stuck in deflation https://www.channelnewsasia.com/business/chinas-consumer-prices-rise-august-ppi-stuck-deflation-4595061 China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says https://www.cnbc.com/2024/09/09/chinas-property-market-has-not-found-a-bottom-yet-stanchart-ceo.html Foreign News Apple shows off new watches, AirPods as it kicks off iPhone 16 AI event https://cnalifestyle.channelnewsasia.com/living/apple-shows-new-watches-airpods-it-kicks-iphone-16-ai-event-406136 Chinese car sales fall for fifth straight month https://www.channelnewsasia.com/business/chinese-car-sales-fall-fifth-straight-month-4595681 Google's antitrust trial over online advertising set to begin https://www.channelnewsasia.com/business/googles-antitrust-trial-over-online-advertising-set-begin-4595916 Google's Privacy Sandbox adoption costs burden small ad-tech firms, industry says https://www.channelnewsasia.com/business/googles-privacy-sandbox-adoption-costs-burden-small-ad-tech-firms-industry-says-4595886 Singapore News Delivery companies can reserve parking lots at over 50 HDB car parks to use as 'courier hubs' https://www.channelnewsasia.com/singapore/courier-hub-scheme-delivery-companies-reserve-parking-lots-hdb-car-parks-4595286 We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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Dow closes nearly 500 points higher in rebound from Wall Street’s worst week of 2024: Live updates

U.S. stocks jumped Monday as Wall Street regained some of the steep losses suffered last week.

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Singapore O&M companies enjoy winds of recovery, new opportunities in renewable energy

Risks include steep learning curves when venturing into new business segments. Read more at straitstimes.com.

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Dow: -1.01%; S&P: -1.73%; Nasdaq: -2.55% STI: -0.12%; Nikkei: -0.72%; HSI: -0.00% VIX: 22.22 (+11.66%) ; CNN fear index: 39 Macro News US stocks turn in worst week in 18 months over slowdown fears https://www.ft.com/content/eb21baea-6050-42b2-a17a-c1122e9ae8b4 Nikkei leads losses in Asia, briefly falling 3% as markets decline after weak U.S. jobs data https://www.cnbc.com/2024/09/09/asia-stock-markets-japan-q2-gdp-china-cpi.html Unemployment falls, suggests orderly US labor-market slowdown https://www.reuters.com/markets/us/us-job-growth-misses-expectations-august-unemployment-rate-slips-42-2024-09-06/ Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs https://www.cnbc.com/2024/09/07/yellen-says-us-economy-remains-solid-heading-toward-soft-landing.html Foreign News Dell and Palantir to join S&P 500; shares of both jump https://www.cnbc.com/2024/09/06/dell-and-palantir-to-join-sp-500-shares-of-both-jump.html Broadcom shares slump as revenue target fails to impress investors counting on AI boost https://www.channelnewsasia.com/business/broadcom-shares-slump-revenue-target-fails-impress-investors-counting-ai-boost-4591326 SG news REIT Index set to move progressively higher as Fed cut appears imminent https://www.theedgesingapore.com/capital/right-timing/reit-index-set-move-progressively-higher-fed-cut-appears-imminent Sale of Jem office may lower gearing to 35%; CGSI lowers LREIT’s TP of 71 cents https://www.theedgesingapore.com/capital/brokers-calls/sale-jem-office-may-lower-gearing-35-cgsi-lowers-lreits-tp-71-cents We are an independent investor relations firm with a deep passion for the markets. Thanks Learn more about us: https://linktr.ee/gem_comm
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Nikkei leads losses in Asia, briefly falling 3% as markets decline after weak U.S. jobs data

Investors in Asia will assess Japan's revised second-quarter GDP and look toward China's August inflation data.

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