In a widely anticipated move, the Fed chief cut the interest rate by 25 basis points which was largely in line with expectations. The US market soon sold down rather quickly and viciously with the Dow Jones Industrial Average (DJIA) losing more than 300 points.
To most investors, it would be a surprising thing to know that Singapore-listed HL Global Enterprises (HLGE) is part of the Hong Leong Group of Companies which also owns Mainboard-listed City Developments Limited (CDL). For those who know or do not have any clue of HLGE as a company or what their business model is, here’s a brief look at what they do as a business entity.
In mid-July, the US’ DJIA soared to new historical high above 27,398 to stir up optimism among retail investors. The reason for the bullishness stemmed from expectations of an interest rate cut. However, the recent economic data showed that the US economy added 224,000 payrolls in June which was way above forecast, diminishing the urgency to slash rate by policymakers!
It is the time of the year when I am most fond of playing some fortune telling and applying the game of probability. It is the coming of the Lunar Seventh Month or widely known as the Hungry Ghost Festival that spooks me.
During the end of June, one of the worst industrial accidents happened on an industrial facility affiliated with Union Gas Holdings (Union Gas) that had caused the death of one foreign national, and severely injuring two others.
Much has been said when it comes to achieving wealth – elusive, unattainable, difficult… What most people don’t know however, is that achieving wealth can be easy and all it takes are baby steps and some patience (the very thing that most people don’t have).
Sembcorp Marine, Sembcorp Marine, whither are you bound? Just when news that OPEC has decided to extend the production cuts so as to boost oil prices, you had to falter. And indeed, the fall was hard. From $1.5...
The recent sharp moves in department store stocks of Isetan and Parkson Retail Asia (Parkson) have prompted questions among investors if managements of both companies might be embarking on drastic changes to their respective corporate structures. Recent stock price movements might be driven by stock speculators trying to game on both counters.
The meeting between Presidents Donald Trump and Xi Jinping lasted no more than 80 minutes, but nobody has an inkling of how much they spoke with each other before they met at the G20 Summit. Or did they at all?
The recent government announcement of a cutback in land supply for the second half of 2019 gives a reasonably good indication of an impending economic slowdown in the near-term horizon for Singapore. The slower flow of building permits being issued will also likely cloud the outlook for heavy equipment providers.