As policy makers plan a country’s budget for the year, cuts and increases to various sectors are common as the government address the country’s changing needs. However, it is notable that the amount of financial resources allocated to defence spending almost never decreases.
Consumers in Singapore would have heard of, or even consumed at some point of time, the well-known brand of packaged bread, Gardenia, which is a staple in most grocery stores.
Courts Asia (Courts), is a leading electrical, consumer electronics and furniture retailer in Southeast Asia. Having established a strong brand name in Singapore, the group has also expanded across the causeway and entered into the Indonesian market in 2014.
YuuZoo Corporation announced the resignation of its sixth chief financial officer (CFO) in three years.
In May 2016, SI Research identified an opportunity to be positive on SATS as valuations fell lower following the release of the group’s FY16 results.
Amid a challenging economic outlook for 2017, Singaporeans could see tougher times ahead. In February 2017, Singapore’s Department of Statistics reported that families across all income groups saw their earnings rise at a slower growth rate for 2016, as compared to the previous year.
Far exceeding our expectations, AirAsia’s shares surged to a 52-week high of RM3.59 on 16 May 2017, before pulling back to RM2.94 as at 30 May 2017.
In Issue 558 of Shares Investment, we identified some companies in the different parts of the construction chain which could benefit from the increased public sector construction demand.
In 2016, the Singapore equity market experienced a wave of privatisation deals, which is likely to continue into 2017 as the benchmark Straits Times Index’s valuation remains inexpensive against regional peers.
China Aviation Oil (CAO), the largest physical jet fuel trader in the Asia Pacific region and the sole importer of jet fuel into China, has seen its share price gaining around 16 percent this year to $1.625 as at the time of writing on 24 April 2017.