manufacturing

Currencies

Thailand’ ‘super-baht’ may be too strong for its own good

BANGKOK (June 30): Two decades ago, Thailand became ground zero of the Asia financial crisis, when its government scrapped a dollar peg with the baht, a devaluation that unleashed a wave of speculative attacks on other regional currencies and shook the gl

Singapore May factory output up 5% y-o-y on electronics strength

SINGAPORE (June 23): Singapore's industrial production in May grew for the 10th consecutive month from a year earlier, helped by strong electronics output, data showed on Friday.

Broker's Calls

There are still gains to be made after the downgrade of this industrial REIT

SINGAPORE (June 20): OCBC has downgraded Ascendas REIT to “hold” from “buy” with an unchanged fair value estimate of $2.66 given valuations are no longer valuable at this juncture.

Redundancies & unemployment rate may remain elevated, warns MOM

SINGAPORE (June 13): The labour market outlook remains uneven across sectors, according to the latest labour market data released by the Manpower Research and Statistics Department, Ministry of Manpower (MOM).

Global Markets

How emerging Asian economies are deviating from advanced market trends

SINGAPORE (June 5): Market trends of the East and West appear to be diverging from each other given how emerging Asia is not benefitting much from the industrial upswing seen by advanced markets, according to HSBC Global Research.  

Commentary

Singapore: Bouncing back to health?

SINGAPORE (May 8): After a long period of generally desultory performance, the Singapore economy is stirring. Economic growth has picked up, exports are reviving and even the property sector seems to be improving. Yet, other indicators are less exciting,

Broker's Calls

Riverstone gets an upgrade on 1Q earnings surprise

SINGAPORE (May 5): Lim & Tan Securities is upgrading its call on Riverstone Holdings from “hold” to “buy” while upping its 2017 and 2018 net profit forecasts for RM140 million ($45.3 million) and RM 150 million respectively, from RM120 million and

Results

Hi-P International swings back to profitability in 1Q with earnings of $8.4 mil

SINGAPORE (May 4): Hi-P International, the consumer electronics manufacturer, has announced $8.4 million in earnings for the 1Q ended March on a surge in gross profit, reversing from the $12.4 million loss recorded a year ago.

Why weak 1Q economic data does not forebode a declining US economy

SINGAPORE (April 27): Even with the improvement of US household and business confidence, as indicated by the rebound in consumption-related soft data since the US presidential elections, ABN AMRO Group Economics is mindful that hard data has yet to catch

Broker's Calls

3 REITs to help cushion against rising interest rates

SINGAPORE (April 18): Maybank Kim Eng Research is initiating coverage on the Singapore REIT (S-REIT) sector with a “positive” view, highlighting the industrial sub-sector as investors’ best option for growth.
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