It was nothing short of a bull market since the start of 2018 with the US market jumping higher and higher. The three major US indices kept on creating record highs as the Dow Jones Industrial Average (DJIA) hurdled past the psychological 25,000-mark, which was a dream level especially when the US bull market has been surging for the past nine years.
After the Hang Seng Index had risen for 14 consecutive days, bearish investors finally made a right bet, but a small one—the Hang Seng merely stopped rising for a day, but resumed “normal service” on Tuesday (16 Jan). This time, the Hang Seng registered an even more rapid rise. After shooting up by 565 points in one go, it was just 54 points away from its historical high in 2007.
As we enter into the new year, our readers might be looking out for potential stocks to add to their portfolio. However, do not be lured by the low valuation of some of these stocks and enter the market hastily. In this article, we will be highlighting why investors should avoid investing in small and mid-cap offshore and marine (O&M) firms for now.
The telecommunications is an essential sector for almost every Singaporean given the prevalence of mobile phones. Not to mention our heavy reliance on the internet which means that we have to stay connected through our data plans or connecting to wifi. In this article, we will be highlighting three important takeaways by RHB Securities that investors should know about the telecommunications sector.
Singaporeans' love for travelling is a well-known fact. Just one look on Instagram and you will see how many of your fellow Singaporeans are travelling to exotic places, looking like they are having the time of their lives.
Back in December 2016, numerous media reports circulated predictions of a catastrophic year for stocks in year 2017. Despite the negativities, I encouraged investors not to be swayed by fear-mongering. As it turned out, 2017 was a year where global equities went on a meteoric rise.
If 2017 was a year of reinvestment for developers, 2018 would be a year of more reinvestment and execution. Having accumulated a good inventory of land, developers will be ready to pounce on the recovering property market in Singapore.
Despite the backdrop of interest rate hike cycle from the Fed, S-REITs managed to make a good year-to-date run. Total return of S-REITs was 24.9 percent year-to-date, according to CIMB. The sector’s strong performance was due to the narrowing of yield and yield spread.