2017 was indeed a fruitful year for Singapore Exchange, raising approximately $4.7 billion from the 21 successful IPO listings, as Clearbridge Health (Clearbridge) was the last company to debut on 18 December 2017 on Catalist of the Singapore Exchange.
For the fortnight, oil prices continued its rally backed by the unexpected decline in US oil stockpiles which saw US production drop 290,000 barrels per day to 9.5 million. This drove crude oil brent prices to exceed US$70 per barrel for the first time in three years, touching an intraday high of US$70.34 on Tuesday.
Capital World introduces its first biggest indoor theme park concept in Southeast Asia, MCM Studio. Given its wide selection of immersive entertainment together and the very first indoor circus in Asia, it is expected to be well-received by citizens of local and neighboring countries for those whom are seeking an entertainment retreat.
Yongnam’s performance in 2017 was dragged down by the sluggish performance in construction sector following the downturn in property market. Undeterred by the challenges, shareholders of Yongnam Holdings were rewarded by over 57.4 percent gains in the share price to $0.31 as at 29 December 2017. Backed by the first increase in property prices for the past three years, analysts estimate a recovery in the property market which will uplift the construction sector.
While most shares benefited from the Bull Run in 2017, with the Straits Times Index rising by 18.7 percent, the shares of Midas Holdings fell over 60 percent to an all-time low of $0.092 in December 2017. This was on the back of news that there will be an extension of maturity date of its US$30 million notes to 23 November 2018, which will further restrict the company’s assets and increase its obligations.
The record high of US$269.8 billion spent on outward investments last year by China companies, coupled with bank loans amounting to US$1.84 trillion, remains threatening towards China’s credit-fueled economic strategy as debt worries swell.
It has been a disastrous year for the materials sector with FTSE ST Basic Materials Index clocking in a decrease of 29.2 percent. However, there are three material stocks that bucked the trend averaging a return of 458 percent leading to the end of 2017!Interestingly, these three stocks have their core operations in China. Having already been tightening the excessive supply situation in China’s basic material sector, would 2018 bode even better for these stocks?
The initial question that comes to every beginner’s mind when picking their first stock to invest in would be: “How does one value a stock or compare the company’s financial position to that of its competitor?”
Investors have been caught in a dilemma over what to do with the shares of ComfortDelGro (CDG) ever since the transportation conglomerate started reporting lackluster financial performance over the last few years. The Taxi Business that makes up an estimated 30 percent of its yearly revenue has taken a further beating with aggressive expansions by new entrants Grab and Uber. Losing the tender for Thomson East Coast Line has caused investors to be further disappointed.
ASEAN is fast becoming a popular destination for medical tourism, equipped with top notch medtech and highly skilled doctors. Such state-of-the-art facilities are comparable to what is available globally and together with its low price point are the main driving forces behind the thriving industry. According to TforG report, Asia Pacific’s medical tourism industry, including the ASEAN region, accounts for over EUR15 million and expected to grow at 16 percent annually for the next three years.