2017 is an uncertain year to step into. We are not just referring to the investment outlook, but world politics as well. 2017 will be filled with multiple elections in Europe (Germany, France, and the Netherlands) and major decisions will be made throughout the year (think Trump, Brexit Article 50, Federal Reserve rate hike).
Amidst the festive cheers, investors have to be prepared for a tough 2017, warns Maybank Kim Eng (MBKE). Against the backdrop of tepid global growth, near-term fundamental growth challenges to key financial services, property and energy-related sectors, Singapore’s forecasted growth for 2017 has been reduced to a range of merely one to three percent.
DBS Research (DBS) expressed confidence in growth among Asian economies to remain intact as a whole. DBS believes that four investment themes will continue to thrive in Asia in 2017.
I avoided buying Breadtalk's stock for a long time, probably for as long as I avoided buying their bread and I definitely have never bought their "fresh" soya bean milk before. All so expensive!
Led by the sharp fall in the Chinese market in the beginning of this year, capital fled the Chinese market and global markets including Singapore faced increased volatility. However, the Chinese H-Shares market has since recovered from its low in February.
In part 1 of the series, we have covered the consumer market outlook of Singapore and the Philippines. In part 2 of the series, we will highlight two other ASEAN countries that DBS highlighted in view of the favourable consumption demand in ASEAN: Malaysia and Thailand.
ASEAN consumer indices started the year well and registered relatively good performances. Moving forward, DBS warns that ASEAN markets are likely to see more volatility, which is a deviation from the past couple of months, as uncertainties surrounding the implications of Fed rate hikes could surface.
The recent OPEC agreement on cutting oil production has caused a spur in the market. When oil gets shored up, so do equities. However, host of CNBC’s Mad Money and former hedge fund manager Jim Cramer warned that the rebound is only short-term. He felt that there the current cut in oil production is still insufficient, and the increase in oil price has “little to nothing to do with the real demand”.
It has been three weeks since the sudden collapse of Swiber Holdings. Swiber was the first major casualty of a protracted slump in oil prices. Of course, nobody expected such a turn of event. The announcement came as a shock as Swiber had fully repaid $130 million of medium-term notes (MTN) on 6 June and $75 million of MTNs on 8 July.
Following the four reasons to invest in Myanmar, here are four sectors that investors ought to look out for to invest in Myanmar’s growth in the coming years.