correction

Hong Kong housing correction of 15% possible, Gaw Capital says

(Sept 14): A correction in Hong Kong property prices of as much as 15% in the first half of 2019 is possible as interest rates rise and the tide of money flowing in from mainland China recedes, according to Kenneth Gaw, president of Gaw Capital Partners.

That could present a buying opportunity for the Hong Kong-based private-equity firm, which recently purchased a portfolio of shopping malls in the city and which is in the process of raising its sixth Asian fund, Gaw said on the sidelines of the Milken Institute Asia Summit in Singapore on Thursday.

Markets roiled on Trump stance tensions

NEW YORK (Aug 18): A sense of growing unease gripped financial markets as President Donald Trump exacerbated the controversy sparked by a racist rally in Virginia and terrorists struck a crowded street in Barcelona.

US stocks retreated, with the S&P 500 Index posting its second biggest one-day decline of the year, and a measure of market volatility spiked higher. Treasuries rose with the yen as investors sought havens. Gold jumped.

Abterra corrects earnings from property disposal

SINGAPORE (Oct 14): Abterra has made a correction to the earnings attributable to the disposal of office units at 7 Temasek Boulevard, Suntec Tower 1.

An earlier announcement indicated that the earnings attributed to the disposal was $523,000 for FY15, but the correct figure should be $457,000, according to the company’s filing to the Singapore Exchange on Friday.

Abterra added that the correct figure has been reflected in the circular dispatched to shareholders on Oct 14.

Shares in Abterra closed 9.1% lower at 50 cents on Friday.

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