Stocks End Lower As Tariff Worries Linger

Just when global investors thought that a deal would be sealed, US President Donald Trump claimed China “broke the deal” from commitments made during earlier negotiations. Fuelled by frustration over the pace of talks, Trump threatened to escalate tariffs on US$200 billion of Chinese imports from 10 percent to 25 percent effective 10 May 2019 and would “soon” target the remaining Chinese imports with fresh tariffs.

SI Research: Is it Time To Buy Into Frencken Group’s Comeback?

Since US President Donald Trump initiated the trade war with China in March 2018, Singapore stocks, especially those in the technology and manufacturing sector, have taken a significant hit. The mainboard-listed technology solutions provider Frencken Group (Frencken) was no exception.

SI Research: Venture Corporation – A Buy On Solid Earnings?

The share price of global electronics services provider Venture Corporation (Venture) was battered in 2018 as investors were cautious about the impact of the ongoing US-China trade war. After closing 2018 at $13.95, shares of Venture have risen to $17.45 to register a year-to-date return of 25.1 percent as at 25 March 2019 on the back of a possible trade war solution. On the other hand, the Straits Times Index only recorded a rise of 3.7 percent during the same period.

Markets Rattled By Global Growth Fears

Wall Street stocks sold off sharply on 22 March 2019, with all three major US stock indexes posting their biggest one-day percentage declines since 3 January 2019. The latest sell-off was sparked off after the Federal Reserve abruptly abandoned projections for any interest rate hikes in the rest of 2019 amid signs of an economic slowdown.
Group of various electronic components: microprocessors, logical digital microchips, transistors, capacitors, resistors, LEDs etc. isolated on white background

SI Research: Is Memtech International A Bargain Stock?

The share price of Singapore-based electronics components manufacturer Memtech International (Memtech) fell roughly 44.5 percent from its peak of $1.91, which it touched in mid-March last year. Its share price has been battered in 2018 as investors were cautious about the impact of the ongoing US-China trade war as Memtech has all of its three manufacturing sites located in China.

SI Research: Should You Bet On Genting Singapore?

Casino operators used to enjoy record levels of revenue until the Chinese government under the reign of Xi Jinping decided to crackdown on money laundering activities and capital outflows from China. This was a huge blow to casino operators in the Asia as most of the VIP visitors are from China. Since then, the premium gaming industry has been riding on a downtrend for the past couple of years and Genting Singapore was no exception.

Markets Up On Trade Deadline Extension

Citing ‘substantial progress’ in its negotiations with China in Washington, U.S. President Donald Trump extends the March 1 tariff deadline, postponing for increase in tariffs to 25 percent from 10 percent on US$200 billion worth of Chinese imports. Trump has expressed hopes of further progress and a meeting with Chinese President Xi Jinping at Mar-a-Largo.
Fu Yu

SI Research: Fu Yu Corporation – A Good Company In A Tough Market?

The Singapore Purchasing Managers’ Index (PMI) for January 2019 dipped a further 0.4 points from the previous month to 50.7 amid a general downturn across the Asia region. This was its lowest reading since December 2016 and its fifth consecutive month of decline. Amidst this backdrop, Fu Yu Corporation (Fu Yu) has recently been receiving rather positive recommendations from the street. Why then is Fu Yu still the sole buy pick over a manufacturing slowdown?