Programme

8.30am: Registration 

9.15am: Welcome Address

9.25am: Singapore Market Overview: Looking for Outperformance

Speaker: Adrian Loh, Head of Research, UOB Kay Hian

With US Fed rate cuts behind us, and potentially more over the course of the next 12 months, we look at what could outperform in 2025.

9.35am: InnoTek SGX-UOBKH Presentation: Manufacturing for Tomorrow

Speaker: Neal Chandaria, Chairman, Innotek

Discover more about precision metal components manufacturer InnoTek and its transformation strategies to expand its customer base into the emerging fields of GPUs and Electric Vehicles. With five manufacturing facilities in the PRC, one facility in Rayong, Thailand, and two facilities in Bac Ninh Province, Vietnam, InnoTek serves the consumer electronics, office automation and automotive industries.

9.45am: Uncovering Hidden Gems of 2025

Speaker: John Cheong, Head of Small Mid Cap Research, UOB Kay Hian and Heidi Mo, Research Analyst, UOB Kay Hian

With ongoing geopolitical uncertainties and renewed concerns around rates remaining higher for longer, small/mid cap stocks offer the potential for long-term capital appreciation supported by strong profit growth. We highlight quality small/mid cap investment picks you may have missed, including a proxy play for data centres and an engineering services provider with a robust project pipeline.

10.00am: Q&A Session

10.45am: Coffee Break

11.15am: Singapore Banks: The Trend Is Your Friend

Speaker: Jonathan Koh, Director, Singapore Research, UOB Kay Hian

Banks benefit from higher bond yields and growth within ASEAN. The re-election of Donald Trump has led to higher government bond yields as his policies are expected to cause higher inflation and a widening budget deficit. Nearer home, ASEAN economies are benefitting from the repositioning of supply chains, thus attracting more FDIs.
Banks are refocusing on capital management post-implementation of Final Basel III Reforms. DBS has established a new share buyback programme of S$3b, whereby shares will be purchased in the open market and cancelled. UOB plans to return surplus capital of S$2.5b back to shareholders. OCBC will review its capital position at end-24 and might follow suit.
Banks are attractive due to the brighter outlook for regional economies and their high recurrent dividend yield of 6%.

11.30am: Valuetronics Corporate Presentation

Speaker: Joseph Lui, CFO, Valuetronics

An overview of Valuetronics' business and performance, latest corporate updates, outlook & prospects and future plans.

11.40am: Singapore Aviation Sector 1H25 Outlook

Speaker: Roy Chen, Senior Equity Analyst, Research, UOB Kay Hian

Business volume of Singapore aviation companies are expected to continue edging up or exceeding pre-pandemic levels in 1H25, amid challenges that may affect respective sub-segments. Overall, we see better opportunities in Aviation service names than airlines.

11.55am: Q&A Session

12.35pm: Lunch Reception

1.00pm: End of Programme

Join us in-person at SGX Auditorium, Level 2, SGX Centre 1 2 Shenton Way, Singapore 068804	Join us online via webinar

Programme

6.30pm: US Market Outlook

Speaker: Paul De Vierno, Strategist, Private Wealth Management, UOB Kay Hian

An engaging discussion on the U.S. financial markets, where we’ll explore the remarkable strength of stocks, especially large-cap U.S. growth stocks, since the COVID-19 pandemic. We’ll take a closer look at parallels to the early 2000s, when the tech bubble burst. While large-cap growth stocks bore the brunt of that downturn, small-cap stocks, with their more reasonable valuations, weathered the storm better and went on to significantly outperform in the subsequent years. However, some argue today’s small caps may have less growth potential than in years past. Start-up growth companies today remain private longer, going public only after reaching large-cap status. This talk will shed light on how past market cycles can guide today’s strategies.

6.50pm: HK Market Outlook

Speaker: Curtis Yeung, Strategist, Retail Research, UOB Kay Hian HK

Hong Kong stocks traded lower for most of 1H24, hitting a low in mid-Sep 24 before rebounding strongly on policy stimulus. With the lower interest rate environment following the policy easing, we expect valuations to be better supported in 2025. A gradual recovery in domestic consumption in China is expected, as the policy easing announced in Sep-Oct 24 gains traction. However, uncertainties over the Sino-US relations will drive the potential re-rating. There is also a major difference between trade war 1.0 and what China may face in trade war 2.0. This seminar will help you to see the big picture and draw up your investment plans.

7.10pm: Q&A Session

8.00pm: End of Programme