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China’s big ball of money isn’t going anywhere near stock market
SHANGHAI (Sept 29): This year is seen going down as the worst since 2011 for China’s stock investors as the memory of last summer’s rout lingers and speculative buying switches to the housing market. The Shanghai Composite Index will end the year at 3,075, according to the median forecast in a Bloomberg poll of 10 strategists and fund managers. That implies a 13% drop over the 12-month ...
‘Good progress’ on Indonesia tax amnesty, but expenditure still an issue: Nomura
SINGAPORE (Sept 19): Nomura is maintaining its 2016 fiscal deficit forecast for Indonesia at 2.9% of GDP despite noting “good progress” of the nation’s recent tax amnesty deal. In a Friday report, research analysts Euben Paracuelles and Lavanya Venkateswaran highlight that although no revenue assumptions from the amnesty were factored in for Nomura’s previous fiscal deficit forecast of ...
China's reform of SOEs may look a little odd to the West: Goldman
HONG KONG (Sept 9): China’s desire to improve the efficiency of its state-owned enterprises (SOEs) is real, just don’t expect the reform process to follow a Western model. That’s the view of Goldman Sachs Group Inc.’s Chief Economist for Asia Pacific, Andrew Tilton. "While there’s certainly a desire to improve the efficiency of those SOEs, it’s not clear that the meaning of ...
Concerns over UOL’s UK exposure ‘overdone’: CIMB
SINGAPORE (July 1): CIMB Research is keeping its ‘add’ recommendation on UOL Group, but with a lower target price of $8.06 from $8.26 previously. In a Thursday report, analysts Lock Mun Yee and Yeo Zhi Bin say the drastic revision of the group’s price target is due to the realisation that concerns over UOL’s UK exposure had previously been overstated. (See: CDL, UOL and ...
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