{"id":34557,"date":"2023-10-23T07:15:00","date_gmt":"2023-10-22T23:15:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=34557"},"modified":"2023-10-25T10:22:22","modified_gmt":"2023-10-25T02:22:22","slug":"kgi-daily-trading-ideas-23-oct-2023","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/","title":{"rendered":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\"><a href=\"#sp\">Sector Performance<\/a> |<a href=\"#hk\"> Hong Kong Trading Ideas<\/a> |<a href=\"#us\">United States Trading Ideas<\/a> | <a href=\"#sp\"><\/a><a href=\"https:\/\/www.kgieworld.sg\/research\/wp-admin\/post.php?post=29775&action=edit#sg\">Singapore Trading Ideas<\/a>|<a href=\"#td\"> Trading Dashboard<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"sp\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1052\" height=\"130\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/07\/word-image-129.png\" alt=\"\" class=\"wp-image-29695\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/07\/word-image-129.png 1052w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/07\/word-image-129-300x37.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/07\/word-image-129-1024x127.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/07\/word-image-129-768x95.png 768w\" sizes=\"(max-width: 1052px) 100vw, 1052px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>United States<\/strong> <\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"940\" height=\"492\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-23.png\" alt=\"\" class=\"wp-image-34711\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-23.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-23-300x157.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-23-768x402.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>News Feed<\/strong><\/td><\/tr><tr><td>1. <a href=\"https:\/\/www.reuters.com\/markets\/us\/futures-rise-treasury-yields-retreat-earnings-focus-2023-10-24\/\">Wall Street surges to close higher, powered by upbeat earnings, guidance<\/a><\/td><\/tr><tr><td>2. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/us-business-output-ticks-october-inflation-pressures-ease\">US business output ticks up in October; inflation pressures ease<\/a><\/td><\/tr><tr><td>3. <a href=\"https:\/\/www.channelnewsasia.com\/business\/dollar-bounces-euro-heavy-us-euro-zone-growth-outlook-divergence-3870636\">Dollar bounces, euro heavy on US\/euro zone growth outlook divergence<\/a><\/td><\/tr><tr><td>4. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/us-10-year-yields-will-probably-top-out-5-state-street-ceo\">US 10-year yields will probably top out at 5%: State Street CEO<\/a><\/td><\/tr><tr><td>5. <a href=\"https:\/\/www.channelnewsasia.com\/business\/oil-nearly-flat-macroeconomic-concerns-contend-tighter-us-supply-3870596\">Oil nearly flat as macroeconomic concerns contend with tighter US supply<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34568\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Hong Kong<\/strong>\n<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1158\" height=\"563\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall.png\" alt=\"A screen shot of a graph\n\nDescription automatically generated\" class=\"wp-image-34569\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall.png 1158w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-300x146.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1024x498.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-768x373.png 768w\" sizes=\"(max-width: 1158px) 100vw, 1158px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><p><strong>News Feed<\/strong>\n<\/p><\/td><\/tr><tr><td><p>\n  1. <a href=\"https:\/\/www.businesstimes.com.sg\/property\/china-evergrande-revises-terms-proposed-restructuring\">China Evergrande revises terms of proposed restructuring<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  2. <a href=\"https:\/\/www.businesstimes.com.sg\/international\/chinese-banks-keep-benchmark-rates-steady-after-pboc-holds\">Chinese banks keep benchmark rates steady after PBOC holds<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  3. <a href=\"https:\/\/www.channelnewsasia.com\/business\/china-us-sanctions-russia-relations-global-supply-chain-3860201\">China weighs options to blunt US sanctions in a Taiwan conflict<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  4. <a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/capital-markets-currencies\/more-chinese-state-companies-announce-share-purchases\">More Chinese state companies announce share purchases in a sinking market<\/a>\n<\/p><\/td><\/tr><tr><td><p>\n  5. <a href=\"https:\/\/www.channelnewsasia.com\/business\/china-top-graphite-producer-curb-exports-battery-material-electric-vehicle-3860266\">World\u2019s top graphite producer China to curb exports of key battery material<\/a>\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-1.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34570\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"sg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-sign-description-automatically-g.png\" alt=\"A blue and white sign\n\nDescription automatically generated\" class=\"wp-image-34571\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-sign-description-automatically-g.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-sign-description-automatically-g-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Geo Energy Resources Limited (GERL SP): Profit off from seasonality<\/strong>\n<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240<\/strong>\n  <\/li><li>\n    Geo Energy Resources Limited is an integrated coal mining specialist. The Company owns and operates coal mines, offers mine contracting services to third-party mine owners, and sells coal to coal traders and export companies.\n  <\/li><li><strong>War chest secured. <\/strong>The company announced that it has secured US$200mn term loan facilities with an 8.5% p.a. Interest rate and tenor of up to 5 years from Bank Mandiri. The loan is used for potential acquisitions, working capital and other expenditures.\u00a0\u00a0\n  <\/li><li><strong>Re-stocking season coming. <\/strong>China\u2019s economic recovery has been lukewarm since its reopening in 4Q22. However, its coal demand remains resilient as higher electricity consumption is driven by the recovery in the service sectors. Meanwhile, the increasing penetration of electric vehicles also drives power demand higher. Seasonally, 4Q is the peak season of both electricity and coal demand, and hence, power companies start restocking their coal inventories for the coming winter. Accordingly, coal prices are expected to edge up higher.\u00a0\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Indonesia\u2019s coal exports to China seasonality<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1377\" height=\"501\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-colored-lines-description-automaticall.png\" alt=\"A graph of colored lines\n\nDescription automatically generated\" class=\"wp-image-34572\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-colored-lines-description-automaticall.png 1377w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-colored-lines-description-automaticall-300x109.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-colored-lines-description-automaticall-1024x373.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-colored-lines-description-automaticall-768x279.png 768w\" sizes=\"(max-width: 1377px) 100vw, 1377px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>China port coal stocks<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1102\" height=\"550\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-white-lines-and-dots-description-aut.png\" alt=\"A graph with white lines and dots\n\nDescription automatically generated\" class=\"wp-image-34573\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-white-lines-and-dots-description-aut.png 1102w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-white-lines-and-dots-description-aut-300x150.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-white-lines-and-dots-description-aut-1024x511.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-white-lines-and-dots-description-aut-768x383.png 768w\" sizes=\"(max-width: 1102px) 100vw, 1102px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Indonesia 4,200 GAR coal futures<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1554\" height=\"637\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut.png\" alt=\"A graph showing a line of a graph\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34574\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut.png 1554w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut-300x123.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut-1024x420.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut-768x315.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-line-of-a-graph-description-aut-1536x630.png 1536w\" sizes=\"(max-width: 1554px) 100vw, 1554px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Attractive dividend yield. <\/strong>Geo Energy has been paying consistent quarterly dividends. The current trailing 12M dividend yield is 24%.\u00a0   <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"360\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-18.png\" alt=\"\" class=\"wp-image-34651\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-18.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-18-300x115.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-18-768x294.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-2.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34575\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-2.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-2-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>DBS Group Holdings Ltd (DBS SP): SGD strengthens again\u00a0<\/strong>\n<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>RE-ITERATE BUY Entry 33.10 \u2013 Target \u2013 34.50 Stop Loss \u201332.35<\/strong>\n  <\/li><li>\n    DBS Group Holdings Limited and its subsidiaries provide a variety of financial services.\u00a0 The Company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee, funds management, corporate advisory and brokerage .\u00a0 DBS Group also acts as the primary dealer in Singapore government securities.\u00a0\n  <\/li><li><strong>New feature coming soon. <\/strong>OCBC, DBS, and UOB are introducing a new security feature to lock up customers savings in response to scams in Singapore. DBS recently announced the upcoming roll-out of a new banking account, \u201cdigiVault\u201d that will adopt a \u201cdigitally in, only physically out\u201d approach. DBS will launch its digiVault feature on their Digital app by the end of November, and will be made available after customers verify their identity physically. Customers will be able to make fund transfers digitally into this new account, but not out of the account.This feature aims to empower customers to secure their funds, reducing the risk of falling victim to scams while maintaining the convenience of digital banking.\n  <\/li><li><strong>Jumping into the metaverse. <\/strong>DBS Bank is developing a metaverse game called DBS BetterWorld to raise awareness of sustainability issues, particularly global food waste. The game will be available later this year on The Sandbox platform and will allow players to interact with characters, take part in activities, and earn in-game rewards. DBS is partnering with sustainable companies to create the game and is using the metaverse to engage with its younger customers and promote its brand values.\u00a0\n  <\/li><li><strong>Largest foreign bank in Taiwan. <\/strong>DBS Bank recently acquired Citigroup\u2019s consumer banking business in Taiwan, becoming the largest foreign bank by assets in the market. The deal effectively doubled DBS\u2019 consumer banking customers in Taiwan and its credit card accounts climbed nearly fivefold. DBS paid a lower premium for the purchase than originally expected, and said the deal would accelerate its consumer business growth in Taiwan by at least 10 years. The acquisition is part of DBS\u2019 strategy to build meaningful scale in its core Asian markets.\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Share price and USD\/SGD correlation\u00a0<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  <img loading=\"lazy\" decoding=\"async\" width=\"1596\" height=\"617\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti.png\" class=\"wp-image-34576\" alt=\"A graph showing a graph of stock market\n\nDescription automatically generated with medium confidence\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti.png 1596w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti-300x116.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti-1024x396.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti-768x297.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-showing-a-graph-of-stock-market-descripti-1536x594.png 1536w\" sizes=\"(max-width: 1596px) 100vw, 1596px\" \/>\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2Q23 results review.<\/strong> Profit rose 48% YoY to S$2.69bn from S$1.82bn in 2Q22, beating forecast. This jump in profit was due to higher interest rates and strong inflow of wealth into Singapore.\u00a0   <\/li><li><strong>Market consensus. <img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text.png\" class=\"wp-image-34577\" alt=\"A blue and white rectangular box with white text\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong>   <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"506\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-19.png\" alt=\"\" class=\"wp-image-34652\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-19.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-19-300x161.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-19-768x413.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">(Source: Bloomberg)<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-3.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34578\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-3.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-3-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"hk\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut.png\" alt=\"A blue background with white text\n\nDescription automatically generated\" class=\"wp-image-34579\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Sunny Optical Technology Group (2382 HK): A smart recovery<\/strong>\n<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>BUY Entry \u2013 63.0 Target \u2013 69.0 Stop Loss \u2013 60.0<\/strong>\n  <\/li><li>\n    Sunny Optical Technology (Group) Company Limited is an investment holding company principally engaged in the design, research and development, manufacture and sale of optical and optical related products and scientific instruments. The Company operates its business through three segments: Optical Components, Optoelectronic Products and Optical Instruments. Through its subsidiaries, the Company is also engaged in the research and development of infrared technologies. The Company distributes its products in domestic market and to overseas market.\n  <\/li><li><strong>Recovery of China\u2019s smartphone market. <\/strong>China\u2019s smartphone market, which has been declining since the beginning of the year, is showing signs of recovery, thanks to strong demand for Huawei\u2019s new 5G phones and Apple\u2019s recently launched iPhone 15 series. The recent \u201cgolden week\u201d holiday saw a 15% YoY growth in smartphone sales in China. The global smartphone market also underwent a slight drop of 1% in 3Q23, signalling a slowdown in its decline, and also recorded double-digit sequential growth in 3Q23, ahead of the sales seasons, supported by regional recoveries and new product upgrade demand. Sunny Optical would be able to tap on the recovery of the smartphone market to drive sales to its customers.\n  <\/li><li><strong>Huawei\u2019s Mate 60 Pro handsets surging sales. <\/strong>Huawei Technologies reportedly sold 1.6mn of its Mate 60 Pro handsets in 6 weeks, despite a slowdown in the global smartphone market. Huawei also saw strong demand for its high-end smartphone renaissance over the same period in which Apple launched the iPhone 15 in mainland China, with its stocks being swiftly bought up as soon as it became available. With Huawei being one of Sunny Optical\u2019s biggest customer for camera modules, Sunny Optical is bound to benefit from the strong demand for high-end Huawei\u2019s products.\n  <\/li><li><strong>1H23 earnings. <\/strong>Revenue fell by 15.9% YoY to RMB14.28bn, compared to RMB16.97bn in 1H22. Net profit fell by 66.7% YoY to RMB459.4mn, compared to RMB1.38bn in 1H22. Basic EPS fell by 67.8% YoY to RMB39.99, compared to RMB124.13 in 1H22.\n  <\/li><li><strong>Market Consensus. <img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-1.png\" class=\"wp-image-34580\" alt=\"A blue and white rectangular box with white text\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-1.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-1-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1554\" height=\"606\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen.png\" alt=\"A graph on a screen\n\nDescription automatically generated\" class=\"wp-image-34581\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen.png 1554w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-300x117.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1024x399.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-768x299.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1536x599.png 1536w\" sizes=\"(max-width: 1554px) 100vw, 1554px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-4.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34582\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-4.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>China Oilfield Services (2883 HK): Capturing Oil Demand<\/strong>\n<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>RE-ITERATE BUY Entry \u2013 9.00 Target \u2013 9.70 Stop Loss \u2013 8.60<\/strong>\n  <\/li><li>\n    China Oilfield Services Limited is a comprehensive oilfield service provider. The Company mainly operates through four business segments. The Drilling Services segment is mainly engaged in the provision of oilfield drilling services. The Oil Field Technical Services segment is mainly engaged in the provision of oilfield technical services, including the logging, drilling fluids and directional drilling services. The Geophysical and Engineering Exploration Services segment is mainly engaged in the provision of seismic prospecting and engineering exploration services. The Marine Support Services segment is engaged in the transportation of supplies, including the delivery of crude oil, as well as refined oil and gas products. The Company mainly operates its businesses in domestic and overseas markets.\n  <\/li><li><strong>New Contract. <\/strong>China Oilfield Services recently secured a contract to deliver comprehensive onshore oilfield services to an undisclosed major oil company in Mexico, with the contract bring valued at around US$123mn. This contract will be executed through its Mexican subsidiary, signifying a strategic shift for the Chinese company. This shift aims to facilitate a transition from primarily focusing on its drilling business to giving equal attention to equipment and technology in Mexico.\n  <\/li><li><strong>New jack-up drilling rigs. <\/strong>China Oilfield Services recently announced that the company has agreed to buy 4 jack-up drilling rigs from Dalian Shipbuilding Offshore, at a total contract price of around US$445.3mn excluding tax. This purchase would allow the company to meet its operating needs, enhancing their market competitiveness, and further improve the quality of large-scale equipment.\n  <\/li><li><strong>Demand for oil to outgrow supply. <\/strong>World oil demand is surging to record levels, with growth being driven by a number of factors, including a rebound in air travel, increased oil use in power generation, and strong demand from China\u2019s petrochemical industry. Demand is expected to rise by 2.3 mb\/d in 2023, reaching 101.9 mb\/d, according to the latest IEA Oil Market Report. China is expected to account for more than 70% of this growth. Additionally, major oil-producing countries, including Saudi Arabia, also recently announced that they would be extending the voluntary oil cuts to year-end, putting more constraints on oil supply, and driving up oil prices in the near term. Saudi Arabia will be extending its voluntary oil cut of 1mn barrels per day to the end of 2023, and Moscos will be extending its voluntary oil cut of 300,000 barrels per day to end of 2023, with both countries to still review the cuts monthly. Consequently, the cost of oil is anticipated to increase within the market.\n  <\/li><li><strong>1H23 earnings. <\/strong>Revenue rose by 24.1% YoY to RMB18.9bn, compared to RMB15.2bn in 1H22. Net profit rose 31.0% YoY to RMB1.46bn, compared to RMB1.11bn in 1H22. Basic EPS rose by 21.1% YoY to RMB28.06, compared to RMB23.17 in 1H22.\n  <\/li><li><strong>Market Consensus. <img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-2.png\" class=\"wp-image-34583\" alt=\"A blue and white rectangular box with white text\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-2.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-2-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/><\/strong>\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Share price and Brent crude oil price correlation<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"602\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1.png\" alt=\"A screen shot of a graph\n\nDescription automatically generated\" class=\"wp-image-34584\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1.png 1600w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1-300x113.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1-1024x385.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1-768x289.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-screen-shot-of-a-graph-description-automaticall-1-1536x578.png 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1554\" height=\"595\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically.png\" alt=\"A graph of stock market\n\nDescription automatically generated\" class=\"wp-image-34585\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically.png 1554w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically-300x115.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically-1024x392.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically-768x294.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-of-stock-market-description-automatically-1536x588.png 1536w\" sizes=\"(max-width: 1554px) 100vw, 1554px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-5.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34586\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-5.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"us\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"102\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/word-image-644.png\" alt=\"\" class=\"wp-image-34587\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/word-image-644.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/word-image-644-300x37.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/word-image-644-768x95.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Lockheed Martin Corp (LMT US): Increasing safeguards due to worsening conflict<\/strong>\n<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>BUY Entry \u2013 446 Target \u2013 480 Stop Loss \u2013 429<\/strong>\n  <\/li><li>\n    Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company\u2019s operations span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.\u00a0\n  <\/li><li><strong>Israeli-Hamas conflict impact. <\/strong>The Israel-Hamas conflict, which has recently escalated and extended for more than a week, is causing significant regional uncertainty in the Middle East. This heightened conflict raises concerns about the defence industry. It can impact this industry by driving an increased demand for military equipment, potentially leading to higher weapon sales, fostering innovation and technological development in defense, creating export opportunities for nations supporting Israel, and influencing broader geopolitical dynamics that can affect global defense strategies and investments. Conflict situations often stimulate growth and innovation in the defence sector, with potential ripple effects across the industry. Israel\u2019s close relationship with the U.S. may lead to additional support from American defence companies, potentially boosting defence contracts and sales. This regional instability could also create export opportunities for defence companies in supporting nations, further influencing global defence industry dynamics.\u00a0\n  <\/li><li><strong>US supplying arms to Israel. <\/strong>The Pentagon plans to send tens of thousands of 155mm artillery shells to Israel. Originally, these shells were intended for Ukraine but will now be diverted to Israel. The Israel Defense Forces and the Israeli Ministry of Defense expressed the urgent need for these artillery shells to prepare for potential conflicts in Gaza and along the Israel-Lebanon border. US officials believe that redirecting the shells to Israel will not immediately impact Ukraine\u2019s capabilities in its conflict with Russia. While there\u2019s concern about potential regional conflicts, the Pentagon is confident it can support both Ukraine and Israel in meeting their defence needs. This decision follows Israel\u2019s increased use of artillery in response to recent hostilities. The ammunition was part of a US weapons stockpile in Israel, and the US agreed to send it back to Israel in response to the urgent request.\n  <\/li><li><strong>Better expectations ahead. <\/strong>Lockheed Martin saw strong demand for its military equipment amid geopolitical tensions in Q3. The company reported weak sales in the F-35 fighter jet unit but the ongoing conflict in Ukraine has led to increased demand for weapons like shoulder-fired missiles and artillery, benefiting defense companies. Lockheed\u2019s weapons, including the multiple launch rocket system and Javelin anti-tank missiles, have been crucial in Ukraine\u2019s defense. However, pandemic-related labour and supply chain disruptions, particularly in the aeronautics business, have impacted the company\u2019s performance. Sales in the aeronautics unit declined by 5.2% in the third quarter, while revenue from the Missiles and Fire Control unit increased by 3.8%. With the recent Israeli-Hamas conflict, it is anticipated that there will be an increase in sales demand.\n  <\/li><li><strong>3Q23 results. <\/strong>Revenue rose 1.8% year-over-year to US$16.88bn, beating estimates by US$160mn. Non-GAAP EPS of $6.77 beat expectations by $0.15. FY2023 outlook: Net sales of $66.25bn \u2013 $66.75bn vs. consensus of $66.64bn; Diluted EPS of $27 to $27.2 vs. consensus of $27.11. Increased share repurchase authority by $6.0bn to a total authorisation of $13.0bn.\n  <\/li><li><strong>Market consensus.<\/strong> \n    <img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-numbers-des.png\" class=\"wp-image-34588\" alt=\"A blue and white rectangular box with numbers\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-numbers-des.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-numbers-des-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/>\n  <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1554\" height=\"595\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1.png\" alt=\"A graph on a screen\n\nDescription automatically generated\" class=\"wp-image-34589\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1.png 1554w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1-300x115.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1-1024x392.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1-768x294.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-screen-description-automatically-gen-1-1536x588.png 1536w\" sizes=\"(max-width: 1554px) 100vw, 1554px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"200\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-a-flag-description-automatically-g.png\" alt=\"A long line of a flag\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34590\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-a-flag-description-automatically-g.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-a-flag-description-automatically-g-300x64.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-a-flag-description-automatically-g-768x163.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Teekay Tankers Ltd (TNK US): Escalating conflict and its impact on Middle East oil shipments<\/strong>\n<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>RE-ITERATE BUY Entry \u2013 42 Target \u2013 48 Stop Loss \u2013 39<\/strong>\n  <\/li><li>\n    Teekay Tankers Ltd. provides oil transportation services through a fleet of mid-size tankers, including Suezmax and Aframax crude oil tankers and Long Range 2 product tankers. The Company\u2019s vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading.\n  <\/li><li><strong>Oil impacted. <\/strong>The Israeli-Hamas conflict has recently escalated, prolonging for more than a week and creating an atmosphere of uncertainty throughout the Middle East. This heightened conflict has led to growing concerns about the regional situation. In response, the shipping volume of crude oil and refined oil products in the area is expected to surge in the short term, subsequently driving up freight rates.\u00a0\n  <\/li><li><strong>Oil supply and demand dynamics. <\/strong>Anticipated growth in crude oil demand is on the horizon for 2024. According to OPEC\u2019s most recent monthly report, released last week, global crude demand is expected to rise by 2.25 million barrels per day in the upcoming year, slightly down from the 2.44 million barrels per day witnessed in the current year.\u00a0\n  <\/li><li><strong>2Q23 results. <\/strong>Revenue rose 52.9% year-over-year to US$370.6mn, beating estimates by US$113.37mn. Non-GAAP EPS of $4.38 missed expectations by $0.07.\u00a0\n  <\/li><li><strong>Market consensus.<\/strong> \n    <img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"106\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-3.png\" class=\"wp-image-34591\" alt=\"A blue and white rectangular box with white text\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-3.png 497w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-and-white-rectangular-box-with-white-text-3-300x64.png 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/>\n  <\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Baltic Dry Tanker Index<\/strong>\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1598\" height=\"600\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati.png\" alt=\"A graph on a computer screen\n\nDescription automatically generated\" class=\"wp-image-34592\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati.png 1598w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati-300x113.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati-1024x384.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati-768x288.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-on-a-computer-screen-description-automati-1536x577.png 1536w\" sizes=\"(max-width: 1598px) 100vw, 1598px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1554\" height=\"595\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati.png\" alt=\"A graph with lines and lines\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34593\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati.png 1554w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati-300x115.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati-1024x392.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati-768x294.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-graph-with-lines-and-lines-description-automati-1536x588.png 1536w\" sizes=\"(max-width: 1554px) 100vw, 1554px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  (Source: Bloomberg)\n<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-6.png\" alt=\"A long line of metal objects\n\nDescription automatically generated with medium confidence\" class=\"wp-image-34594\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-6.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-long-line-of-metal-objects-description-automati-6-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"td\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut-1.png\" alt=\"A blue background with white text\n\nDescription automatically generated\" class=\"wp-image-34595\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/a-blue-background-with-white-text-description-aut-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trading Dashboard Update:\u00a0<\/strong> Cut loss on Palantir Technologies (PLTR US) at US$16.0.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"424\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-20.png\" alt=\"\" class=\"wp-image-34654\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-20.png 940w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-20-300x135.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/10\/image-20-768x346.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">^ Back To Top<\/a> <\/p>\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/t.me\/kgisg\"><strong><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States News Feed 1. Wall Street surges to close higher, powered by upbeat earnings, guidance 2. US business output ticks up in October; inflation pressures ease 3. Dollar bounces, euro heavy on US\/euro zone growth outlook divergence [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":15562,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-34557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kgi-daily-trading-ideas"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith Tan\"\/>\n\t<meta name=\"keywords\" content=\"kgi daily trading ideas\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-10-22T23:15:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-10-25T02:22:22+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#blogposting\",\"name\":\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \\u2022 KGI Singapore Research\",\"headline\":\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Thumbnail_asset.jpg?wsr\",\"width\":330,\"height\":153},\"datePublished\":\"2023-10-23T07:15:00+08:00\",\"dateModified\":\"2023-10-25T10:22:22+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#webpage\"},\"articleSection\":\"KGI Daily Trading Ideas\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas\\\/#listItem\",\"name\":\"KGI Daily Trading Ideas\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas\\\/#listItem\",\"position\":2,\"name\":\"KGI Daily Trading Ideas\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#listItem\",\"name\":\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#listItem\",\"position\":3,\"name\":\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/kgi-daily-trading-ideas\\\/#listItem\",\"name\":\"KGI Daily Trading Ideas\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/\",\"name\":\"Keith Tan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6e081ee53ea613f8e7be4f0607b3f5c1a3d295ee583a0f5bb51e9c300635ad2e?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Keith Tan\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/\",\"name\":\"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \\u2022 KGI Singapore Research\",\"description\":\"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \\u2013 Target \\u2013 0.305 Stop Loss \\u2013 0.240 Geo Energy Resources Limited is an integrated coal mining\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/keithtan\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Thumbnail_asset.jpg?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#mainImage\",\"width\":330,\"height\":153},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/kgi-daily-trading-ideas-23-oct-2023\\\/#mainImage\"},\"datePublished\":\"2023-10-23T07:15:00+08:00\",\"dateModified\":\"2023-10-25T10:22:22+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research","description":"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining","canonical_url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/","robots":"max-image-preview:large","keywords":"kgi daily trading ideas","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#blogposting","name":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research","headline":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr","width":330,"height":153},"datePublished":"2023-10-23T07:15:00+08:00","dateModified":"2023-10-25T10:22:22+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#webpage"},"articleSection":"KGI Daily Trading Ideas"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas\/#listItem","name":"KGI Daily Trading Ideas"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas\/#listItem","position":2,"name":"KGI Daily Trading Ideas","item":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#listItem","name":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#listItem","position":3,"name":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US)","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/kgi-daily-trading-ideas\/#listItem","name":"KGI Daily Trading Ideas"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/","name":"Keith Tan","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/6e081ee53ea613f8e7be4f0607b3f5c1a3d295ee583a0f5bb51e9c300635ad2e?s=96&d=mm&r=g","width":96,"height":96,"caption":"Keith Tan"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/","name":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research","description":"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#mainImage","width":330,"height":153},"primaryImageOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/#mainImage"},"datePublished":"2023-10-23T07:15:00+08:00","dateModified":"2023-10-25T10:22:22+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research","og:description":"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining","og:url":"https:\/\/www.kgieworld.sg\/research\/kgi-daily-trading-ideas-23-oct-2023\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2023-10-22T23:15:00+00:00","article:modified_time":"2023-10-25T02:22:22+00:00","twitter:card":"summary","twitter:title":"23 October 2023: DBS Group Holdings Ltd (DBS SP), Sunny Optical Technology Group (2382 HK), Lockheed Martin Corp (LMT US) \u2022 KGI Singapore Research","twitter:description":"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States Hong Kong ^ Back To Top Geo Energy Resources Limited (GERL SP): Profit off from seasonality BUY Entry 0.260 \u2013 Target \u2013 0.305 Stop Loss \u2013 0.240 Geo Energy Resources Limited is an integrated coal mining","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"34557","title":"#post_title #separator_sa #site_title","description":"#post_excerpt","keywords":[],"keyphrases":{"focus":[],"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-670738ce45410","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"Article","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":{"locations":{"business":{"name":"","businessType":"","image":"","areaServed":"","urls":{"website":"","aboutPage":"","contactPage":""},"address":{"streetLine1":"","streetLine2":"","zipCode":"","city":"","state":"","country":"","addressFormat":"#streetLineOne\n#streetLineTwo\n#city, #state #zipCode"},"contact":{"phone":"","email":"","fax":""},"ids":{"vat":"","tax":"","chamberOfCommerce":""},"payment":{"priceRange":"","currenciesAccepted":"","methods":""}}},"openingHours":{"useDefaults":true,"show":true,"alwaysOpen":false,"use24hFormat":false,"timezone":"","labels":{"closed":"","alwaysOpen":""},"days":{"monday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"tuesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"wednesday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"thursday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"friday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"saturday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"},"sunday":{"open24h":false,"closed":false,"openTime":"09:00","closeTime":"17:00"}}}},"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2023-10-20 07:15:53","updated":"2025-06-07 01:03:58","seo_analyzer_scan_date":null},"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr",330,153,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset-150x150.jpg?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset-300x139.jpg?wsr",300,139,true],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr",330,153,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr",330,153,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr",330,153,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/Thumbnail_asset.jpg?wsr",330,153,false]},"uagb_author_info":{"display_name":"Keith Tan","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/keithtan\/"},"uagb_comment_info":0,"uagb_excerpt":"Sector Performance | Hong Kong Trading Ideas |United States Trading Ideas | Singapore Trading Ideas| Trading Dashboard United States News Feed 1. Wall Street surges to close higher, powered by upbeat earnings, guidance 2. US business output ticks up in October; inflation pressures ease 3. Dollar bounces, euro heavy on US\/euro zone growth outlook divergence&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/34557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=34557"}],"version-history":[{"count":8,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/34557\/revisions"}],"predecessor-version":[{"id":34713,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/34557\/revisions\/34713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/15562"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=34557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=34557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=34557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}