To The Moon

In a recent bank report, JP Morgan expects "the factor rotation underway with moves in US$ as well as wider growth differential between US and the rest of the world" to continue."In the next 6-12 months, we expect Singapore banks to trade in a range, and be a funding source on a rally. Indonesian banks may have risk of weakness, if liquidity remains tight. Thai banks are likely going to outperform, with lower NPL formation and higher payout driving them," JPM says.Specifically for Singapore, JP

Singapore's stock market closed higher on Monday, despite a decline in the city-state's domestic exports and lackluster US retail sales data.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,881.00 and 3,904.85 throughout the day. It ended the session at 3,904.85, up 27.35 points or 0.71% compared to Friday's close.In economic news, Singapore's non-oil domestic exports declined 2.1% in January, after a 9.0% increase in the preceding month, according to data released by Enterprise Singapore.Shares of Salt Investments' surged over 33% after the company's attributable loss to equity holders for fiscal Q3 widened 633% to SG$1.7 million from SG$233,000 a year earlier.Lum Chang's shares were up nearly 7% at the close after its attributable profit to equity holders declined 4% in fiscal H1 to SG$3.5 million from SG$3.6 million a year earlier.Meanwhile, shares of Keppel DC REIT were up over 1% at the close after the REIT entered into a sale and purchase