Investors have experienced volatile conditions in the market in the past few weeks as the US market underwent a correction. The Hong Kong market plunged by more than ten percent in one week. Since 1998, such drastic plunge in the stock market only happened during economic crisis periods. But if you are vested in the stock market, fret not. Deutsche Bank (DB) believes that the recent correction is an opportunity to buy, rather than sell.
While it is still three months away from the Great Singapore Sale, OCBC concurs that the great stock market sale came early this year in the form of a market correction. The plunge that took place at the start of February was a dramatic one that market had not seen since August 2011. The volatility index also spiked sharply and hit a high of 50 during intraday trading. While the Singapore market did not experience the same magnitude of drop as the rest of the region, there was hardly any market that was left unscathed in this round of market correction.
Following the first part of the two-part REITs Quarterly Scorecard, we continue to review the quarterly performance of three other S-REITs that have been given a BUY rating by the research houses.
With the REITs just completing its quarterly earnings release, we review the quarterly performance of the S-REITs that continue to receive a BUY rating from the research houses.
Deutsche Bank (DB) recently hosted its Access China 2018 conference which the management of the top five banks in China attended. The management of each bank shared the outlook of the bank on key metrics like net interest margin (NIM), loan growth and asset quality. Here are some of the highlights of DB’s Access China 2018 conference.
2018 will be the year of major infrastructure projects, based on the pipeline of projects projected by Singapore’s Building and Construction Authority. The public-sector construction demand would be worth between $18-23 billion per annum for the next three years in five iconic projects. This could lead to increased construction activities for several main contractors, subcontractors and building material suppliers that will be involved in these infrastructure projects.
The global stock market suffered its worst week since the global financial crisis in 2008. After all, when Wall Street sneezes, the rest of the world catches a cold. Following a loss in investor confidence on Wall Street, Asian markets tumbled over the past week. Even when markets recovered the following day, it wasn’t enough to cover what was lost the previous day.
February did not get off to the best start as global equities experienced a sell-off on inflation and rate hike worries. With STI ending at 3,611 points in January, forward PE valuation of STI appears stretched...
For the first time in many years, Singapore’s economy expanded at the top end of Trade & Industry Ministry’s growth prediction, i.e. 3.5 percent in 2017. In 2018, RHB believes that Singapore’s GDP will grow by three percent in 2018. On the back of stronger economic data, the Straits Times Index (STI) rose by 27 percent.
Chinese New Year is the time of the year where most of us will receive ANG BAO from our loved ones. This is a yearly affair that gives our bank account a little extra boost. But what if you can grow that amount by investing it in the right stocks?