In today’s briefing:
- Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index
- Ohayo Japan | One More Cut
- Singapore Market Roundup (10-Dec-2025): Analysts expect strong growth potential for LHN.
- Monday Delight: 08/12/25
- 2026 High Conviction Idea: Our Basket of Commodity Equities Will Outperform Broad Equity Indices # 2
- Exencial Industry Tidings 10/12/2025
- Asia Real Estate Tracker (10-Dec-2025): JD Acquires Half Stake in CCB Tower
- Actinver Research – Real Estate Update
Singapore Industrials Beyond the STI: A Differentiated Opportunity in the Next 50 Index
- Next 50 Indices offers broader and faster-growing sector exposure to Industrials than the STI, with twice the number of industrial constituents and stronger revenue momentum
- Industrials within the Next50 Indices were observed to have healthier balance sheets with more attractive valuations and higher dividend yields versus large-cap STI peers
- For investors seeking greater industrial growth optionality in Singapore, the Next 50 presents a differentiated and compelling opportunity set.
Ohayo Japan | One More Cut
- US stocks rose modestly after the Fed’s third 25bp rate cut to 3.5-3.75%, signals one more in 2026 amid FOMC divisions and a likely January pause.
- GE Vernova (+15%) raised 2028 revenue outlook to $52B (from $45B), backlog to $200B, cumulative FCF to $22B, doubled dividend, and increased buyback to $10B. +ve MHI
- Accrete (4395 JP, +17%) pivots from legacy SMS via JV with Forward Edge-AI (in US MDA SHIELD program) for quantum-resistant cybersecurity, targeting Japan sectors with venture-style upside.
Singapore Market Roundup (10-Dec-2025): Analysts expect strong growth potential for LHN.
- Analysts anticipate significant growth potential for LHN.
- RHB raises Centurion’s TP to $1.86, including Perth PBSA development.
- CAREIT offers appealing diversification and decent yields, says RHB report.
Monday Delight: 08/12/25
- Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.
- Because these ideas are the result of my first-level idea generation process, they require more in depth research. Therefore, the ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.
- If you have something fascinating to share that could benefit me and the wider community, don’t hesitate to send it my way—I’d love to hear from you!
2026 High Conviction Idea: Our Basket of Commodity Equities Will Outperform Broad Equity Indices # 2
- This insight recommends a basket of Asian-listed base metal producers.
- Base metals, especially Copper, have a high probability of moving much higher as the AI race continues
- We prefer to invest in the materials needed for the building out of AI infrastructure
Exencial Industry Tidings 10/12/2025
- Fertiliser imports to rise by 41 % in FY 26
- Electronic components import rises more than 13 % in 2024-25
- Primary aluminium production up 2 % in October 20 25
Asia Real Estate Tracker (10-Dec-2025): JD Acquires Half Stake in CCB Tower
- JD has made a significant investment by acquiring a 50% stake in CCB Tower for $449 million.
- The acquisition by JD highlights the growing trend of mainland investors buying properties in Hong Kong.
- Mandarin Oriental shareholders have approved a $4.2 billion buyout by Jardines, indicating strong market activity.
Actinver Research – Real Estate Update
- Industrial real estate companies once again delivered solid operational results in 3Q25, a trend we expect to continue—consistent with the outlook presented in our prior 3Q25 review (link to report).
- Despite ongoing uncertainty surrounding trade relations and potential tariff scenarios, nationwide vacancy remains low at 5%, according to CBRE, and several markets are beginning to show early signs of stabilization as new construction gradually normalizes.
- Within this context, Mexico City continues to stand out as the most resilient market.
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