china

China’s growth story has plenty of holes
SINGAPORE (Apr 22): As China posts yet another quarter of 6%-plus growth, analysts have been quick to brand the latest upswing as a rebound. Buoyed by this year’s double-digit stock-market gains, large flows of credit and tax cuts for consumers, Beijing is trying to sell the narrative that growth remains stable. Some official statistics seem to support that theory: GDP grew an annualised ...
The global economy is better than you think
SINGAPORE (Apr 15): Gloom pervades the reports we read on the global economy. Data showing a slowdown is described breathlessly as the worst in so many months or years, giving a sense that things are just getting from bad to worse. Now, the International Monetary Fund has joined in and downgraded forecasts for global growth. But are things really that bad? In fact, we find five strong reasons why ...
Sasseur REIT started at 'add' by CGS-CIMB on exposure to China's fast-growing retail outlet segment
SINGAPORE (Apr 3): CGS-CIMB Research is initiating coverage on Sasseur REIT (SASSR) with an “add” recommendation and a target price of 92 cents, representing a potential upside of 15%. This values SASSR at 7.3% FY19F DPU yield, which the brokerage says is still above the average of its comparable peers in Singapore. “We went to SASSR’s outlet malls and they were packed,” says lead ...
Sunpower receives Deloitte's inaugural 'Best Managed Companies' award in China
SINGAPORE (Mar 25): Sunpower Group has been lauded as one of China’s Best Managed Companies (BMC) by big four accounting firm Deloitte Touche Tohmatsu through its BMC programme, a global initiative recognising private companies with advanced management ideas. This is the first year the BMC award was introduced to China following the award’s inception in Canada in 1993. Shortlisted ...
Indonesia says election targeted by Chinese, Russian hackers
(Mar 13): Chinese and Russian hackers are attacking Indonesia’s voter data base in a bid to disrupt the country’s upcoming presidential election, according to a senior election commission official. As Indonesia prepares for simultaneous presidential and legislative polls on April 17, authorities are facing a wave of cyber incursions they say may be aimed at discrediting the polling ...
Sasseur REIT's strong earnings momentum to continue into FY19: Maybank
SINGAPORE (Feb 20): Maybank Kim Eng is maintaining its “buy” call on Sasseur REIT while leaving its forecasts and target price of 90 cents unchanged. This comes after the REIT manager on Monday posted a FY18 distribution per unit (DPU) of 1.999 cents, 12.6% higher than forecast on the back of strong performance across all four malls in its portfolio as well as lower-than-expected operating ...
China’s economic woes spread across Asia with more pain seen
SINGAPORE (Jan 31): China’s weakening economy is roiling export markets in the rest of Asia – and there’s more pain to come. From Hong Kong to Japan, exports data for December showed a marked downturn as supply-chain disruptions triggered by US-China tensions and a cyclical slowdown in the world economy, led by China, hit the trade-reliant region. More bad news is in store for ...
US-China trade dispute likely to re-escalate after Mar 1, says Fitch Solutions
SINGAPORE (Jan 11): Fitch Solutions Macro Research is suggesting a high likelihood that the US-China trade dispute will re-escalate after Mar 1, due to disagreements over a number of outstanding key concerns. One such concern is a persistent lack of detail surrounding the planned increase in Chinese purchases of American goods and services, which have only been characterised as ...
Malaysia probing whether China offered to bail out 1MDB
SINGAPORE (Jan 9): Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled state fund in 2016. The government is unaware of the discussions detailed in the Journal report, which cited minutes from meetings the newspaper ...
China offered to bail out 1MDB for deals: WSJ
KUALA LUMPUR (Jan 8):  Senior Chinese leaders offered in 2016 to help bail out the 1Malaysia Development Bhd (1MDB) fund at the center of a swelling, multibillion-dollar graft scandal, said The Wall Street Journal (WSJ). In a report Jan 7, WSJ said according to minutes from a series of previously undisclosed meetings it reviewed, Chinese officials told visiting Malaysians that China would ...