emerging markets (EMs)

Slowdown more likely than global recession, says Oxford Economics, unless ...

SINGAPORE (Mar 25): The global economy may continue to slow down in the near term but the world will probably dodge a recession this year unless it is hit by big shocks or serious policy errors, says Oxford Economics.

Since 1980, Oxford Economics says there have been eight significant global slowdowns in which world growth has decelerated below its long-term average of 2.9%.

But of the eight slowdowns, four ended up turning into recessions but the two most recent global soft patches of 2011-12 and 2015-16 did not.

Indonesia billionaire family reshuffles empire on currency rout

SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.

EM housing markets risk financial stress from rate hikes: Oxford Economics

SINGAPORE (Sept 6): While real house price growth remains positive on the global front, it has nonetheless slowed and there are rising risks from price declines in highly-valued markets and some emerging markets (EMs), says Oxford Economics.

According to the research house’s world price index, real or inflation-adjusted growth has fallen from 4% in mid-2017 to 2.7% in 2Q18, which is slightly above long-term average levels since 1997 and therefore relatively solid and still supportive of the global upturn.

More pain looms for EMs as lousy quarter sputters toward end

SAO PAOLO/NEW YORK(June 29): A dark quarter for emerging-market bulls is nearing an end, and it’s not clear whether things will get much brighter down the road, especially in the near-term.

Currencies, stocks and bonds in developing nations are closing out their worst quarter since 2015 and facing a looming trade war, tightening US monetary policy, elections in Latin America and a weaker global growth outlook. Valuations may look appealing, but this thicket of risks has some investors cautious about plunging back in.

Which of the major stock markets are 'cheap' going into 2018?: Schroders

SINGAPORE (Dec 28): Global investors should beware the temptation to simply compare a valuation metric for one region with that of another, according to global investment manager Schroders.

In a Thursday media release, Duncan Lamont, Head of Research and Analytics, discusses the five ways to measure stock market value, namely: forward price-to-equity (P/E), trailing P/E, cyclically adjusted P/E (CAPE), price-to-book (P/B) and dividend yield.

What to look out for in Asian Emerging Markets in 2018: Deutsche

SINGAPORE (Dec 21): Deutsche Bank Wealth Management sees potential for further gains in what it calls “the new emerging Asian equity market” ahead – companies with attractive valuations and could gain from the region’s increased exposure to technology.

Global institutional investors brace for volatlity, asset bubbles in 2018: Natixis

SINGAPORE (Dec 7): As allocations to passive strategies register a decline for the third consecutive year, institutional investors are preparing for volatility, asset bubbles and fragile markets ahead in 2018.

This is according to a new global survey from Natixis Investment Managers, formerly known as Natixis Global Asset Management. Decision makers at 500 institutional investment firms who, in sum, manage more than US$19 trillion in assets, were surveyed globally over Sept and Oct 2017 by research firm CoreData on behalf of Natixis.

Local airfares and hotel rates to rise by over 3% in 2018: Carlson Wagonlit Travel

SINGAPORE (July 19): Singapore is expected to see an increase in airfares and hotel prices in 2018 by 3.9% and 3.2%, respectively, says a new study released today by Carlson Wagonlit Travel (CWT) Solutions Group.

In a press release on Wednesday, the global consulting company attributes its expectations of higher airfares in Singapore to steeper fuel oil prices, fare segmentation and new long haul routes.

5 tips from a seasoned EM stock picker

SINGAPORE (June 6): Prashant Khemka bought his first stocks at the age of 18, which fortunately went on to do well.

Today, the 44-year-old is chief investment officer of emerging markets (EMs) equity at Goldman Sachs Asset Management (GSAM), and has been managing the Singapore-registered Goldman Sachs Growth & Emerging Markets Broad Equity Portfolio since 2013.

Here are some of Khemka’s personal tips on stock picking as told to our Personal Wealth section editor, Kelvin Tan:  

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