Trade of the Day

Marco Polo Marine Ltd (SGX: 5LY)

Analyst: Zane Aw

(Current Price: S$0.046) – TECHNICAL BUY

Buy price: S$0.045; Stop loss: S$0.042; Take profit: S$0.057

Singapore shares rose on Tuesday (Apr 4), extending the previous day’s gains and taking their cue from overnight gains on Wall Street, as contagion worries over recent banking woes in US and Europe appeared to have subsided. Even so, investors’ angst over inflationary pressures continued to persist. Turnover on the local bourse stood at two billion units worth S$1.3 billion, with 350 counters up and 248 down. Gains were led by Singapore’s banking trio as well as Sembcorp Marine and Singtel.

Wall Street stocks fell Tuesday (Apr 4) as financial and industrial shares retreated amid worries over slowing growth, in a session overshadowed by the historic courtroom appearance of former president Donald Trump. The Dow Jones Industrial Average finished 0.6 per cent lower at 33,402.38. The broad-based S&P 500 also shed 0.6 per cent to 4,100.60, while the tech-rich Nasdaq Composite Index declined 0.5 per cent to 12,126.33.

Top gainers & losers





The manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) on Tuesday (Apr 4) announced that it had obtained provisional permission from the Urban Redevelopment Authority (URA) for additions and alterations to its property at 1 Tuas Avenue 4. The development cost of this asset enhancement initiative (AEI) will be an estimated S$20 million and the works will be internally funded. Units of Sabana Reit closed 1.2 per cent or S$0.005 higher at S$0.44 on Tuesday, before the announcement.

At this year’s maiden state land tender for a 99-year leasehold private housing site, a plot along Lentor Gardens in the Yio Chu Kang area has drawn just one bid. Mainboard-listed GuocoLand teamed up with Hong Leong Holdings’ Intrepid Investments to place the bid of S$486.8 million or nearly S$985 per square foot per plot ratio (psf ppr).

The independent auditor for Parkson Retail Asia has again raised concerns about the ability of the department store retailer to operate as a going concern. Independent auditor Foo Kon Tan noted that Parkson Retail Asia’s current liabilities exceeded its current assets by S$19.8 million as at Dec 31. Together with its subsidiaries, the group’s current liabilities exceeded their current assets by S$59.3 million.


General Motors outsold Ford Motor in electric vehicles by nearly two-to-one in the first three months of the year as the automakers chase market leader Tesla. Ford sold 10,866 EVs in the US during the first quarter, according to a statement on Tuesday (Apr 4). That was up 41 per cent from a year ago, but was still well behind the 20,670 plug-ins GM sold in the same period. Overall, Ford’s light vehicle deliveries rose almost 10 per cent, while GM’s first-quarter sales were up 17.6 per cent.

Global demand for air cargo in February surpassed pre-pandemic levels for the first time in eight months, according to data released Tuesday (Apr 4) by the International Air Transport Association (Iata). Global air cargo demand, measured in cargo tonne-kilometres (CTK), was 2.9 per cent higher than February 2019, before the Covid-19 pandemic. However, demand continued to show a year-on-year decline, with CTKs falling 7.5 per cent compared to February 2022.

Ford Motor posted a 10.1 per cent rise in first-quarter US auto sales on Tuesday (Apr 4), fuelled by pent-up demand for electric vehicles, SUVs and trucks amid easing supply chain disruptions. The Detroit automaker joins other global rivals in reporting a rise in sales, as the industry was able to get more of their vehicles to dealers and customers on time in the quarter.

Tesla increased shipments from its plant in Shanghai as the electric-car maker was wrapping up a record quarter of vehicle deliveries. The automaker shipped 88,869 vehicles from the factory in March, according to preliminary data released on Tuesday (Apr 4) by China’s Passenger Car Association. Tesla’s wholesales were up 19 per cent from February and 35 per cent from a year ago.

Virgin Orbit on Tuesday filed for Chapter 11 bankruptcy protection in the U.S. after failing to secure a funding lifeline. The California-based satellite launch company lodged the filing in the U.S. Bankruptcy Court in the District of Delaware and is looking to sell its assets.

Vacancies at US employers dropped in February to the lowest since May 2021, suggesting a cooling in labour demand in some industries but still indicative of a job market that’s too tight for the Federal Reserve. The number of available positions decreased to 9.9 million from a downwardly revised 10.6 million a month earlier, the Labor Department’s Job Openings and Labor Turnover Survey, or Jolts, showed on Tuesday (Apr 4).

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, CNBC, WSJ, The Business Times, PSR


PSR Stocks Coverage



For more information, please visit:


Upcoming Webinars

Strategy & Stock Picks 2Q2023 – Emerging Market

Date: 5 April 2023

Time: 1pm – 2pm

Register: https://bit.ly/40kqfEr

Strategy & Stock Picks 2Q2023 (US)

Date: 6 April 2023

Time: 7.30pm – 9pm

Register: https://bit.ly/3JViH5m

POEMS Podcast:

Research Videos

Weekly Market Outlook: Technical Analysis, SG 2Q 2023 Equity Strategy
Date: 03 April 2023
Click here for more on Market Outlook.
Sign up for our webinars here, and be among the first to receive economy and market updates.


Phillip Research in 3 minutes: #29 Keppel Corporation; Initiation
Click here for more on Phillip in 3 mins.

Follow our Socials

Facebook Social Icon Instagram Icon Twitter Social Icon Youtube Social Icon Linkedin Social Icon TikTok Social Icon Spotify Social Icon

Join our Singapore Equity Research Community on POEMS Mobile 3 App for the latest research reports, market updates, insights and more

Click to join!


The information contained in this email and/or its attachment(s) is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided in this email do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the e investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or investing in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein is suitable for you. PhillipCapital and any of its members will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached to this email. The information and/or materials provided 揳s is?without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials.

Confidentiality Note

This e-mail and its attachment(s) may contain privileged or confidential information, which is intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it. If you are not the intended recipient, you must not read, use, copy, store, disseminate and/or disclose to any person this email and any of its attachment(s). PhillipCapital and its members will not accept legal responsibility for the contents of this message. Thank you for your cooperation.

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com