We are in the midst of earnings seasons.
Thus far, my REITs counters have turned in a mixed bag of results – ParkwayLife REIT (SGX: C2PU) and Frasers Centrepoint Trust (SGX: J69U) delivered, while Mapletree family of REITs probably need a few more quarters before we can expect things to stabilise.
Singapore banks will be reporting on this Thursday and Friday. I am expecting a stable quarter from all of them and will be looking out for their guidance on how the interest rate will affect their net interest income and hence overall profitability.
As shared earlier in this article, “Imminent Interest Rate Cut: Is It Time to Sell Singapore Banks?”, a drop in net interest margin might not necessarily result in declining profit.
For the semiconductor related companies, I hope to see some green shoots. With Micro-Mechanics (Holdings) Ltd (SGX: 5DD) reported a good set of results last week, I am cautiously optimistic that the other three will be able to do that too.
I am most excited about the three US growth counters, Arista Networks (NYSE: ANET), Shopify (NASDAQ: SHOP), and The Trade Desk (NASDAQ: TTD).
With momentum on their side, they should continue to report another set of robust results. Their valuations are undeniable daunting, but if they can sustain their growth for the next three to five years, then current price will appear cheap.
I have delved more into The Trade Desk earlier in this year. Click on the image below to read why I think this 40-bagger is likely to continue to grow.
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