investment themes

Why Asian family businesses continue to dominate markets

SINGAPORE (Sept 12): The financial performance of Asia’s family-owned businesses is far superior to their peers in terms of growth and profitability, finds a recent report published by the Credit Suisse Research Institute (CSRI).

According to the Credit Suisse Family 1000 in 2018 report, family-owned businesses outperformed broader equity markets across every region and sector on a long-term basis, be it in terms of revenue growth or EBITDA margins, or cash flow returns and gearing.

3 investment themes to consider in a world of dwindling volatility: BlackRock

SINGAPORE (July 26): The global economy is now settling into a cycle of synchronised and sustained economic expansion with an improved Eurozone outlook, ebbing deflation fears, and subdued financial market volatility.

This was the general consensus among some 90 BlackRock portfolio managers and executives who gathered in mid-June to debate on the drivers of low volatility, how to think about valuations, and the outlook for monetary policy and markets.


Temasek's net portfolio value rises 14% to record $275 bil for FY17 ended March

SINGAPORE (July 11): Singapore state investment company Temasek has announced that its net portfolio value for the year ended March rose 14% to $275 billion.

It also closed the year in a net cash position. One-year total shareholder return (TSR) is at 13%.

Dividend income from its portfolio was $7 billion, about 19 times its interest expense for the year, says the company in its annual Temasek Review report today.


4 key demographics and 5 investment themes for Asia

SINGAPORE (June 22): Here are four key Asian demographic dynamics that could impact Asian equities in the coming years, according to a recent report by CIMB.

1. Different rates of urbanisation
Although Asia is known to be a generally urbanised region, there are some parts, specifically in East Asia, where the population is still non-urban. Indeed, the pace of urbanisation differs widely across the region. While China and Indonesia have been growing fast, India has been significantly slow; suggesting rural consumption remains important in India.

5 investment themes to prepare for the unexpected this year

SINGAPORE (Jan 10): Bank of Singapore (BoS) Chief Investment Officer (CIO) Johan Jooste is urging investors to adopt a cautious stance going into 2017, going “underweight” on risk assets and “overweight” in cash.

“The key to the position is more to be able to take advantage of the opportunities that will almost surely come along,” explains Jooste in a weekly report on Tuesday.

2017 is going to be a growth challenged year. Here’s how to prepare for it

SINGAPORE (Nov 21): UOB Kay Hian has set a modest 2017 year-end STI target of 3,000 in anticipation of “another challenging year ahead”.

The research house has forecast 2017 earnings per share (EPS) to recover 7.7% y-o-y after two years of recession, with 2017 gross domestic product (GDP) growth ranging slightly higher than 2016’s 1-2%.

‘Tis the season to ride the M&A wave

SINGAPORE (Nov 9): Following the recent spate of privatisation, UOB Kay Hian is casting the spotlight on the merger and acquisition (M&A) investment theme.

Given the recent privatisation of ARA Asset Management; Jacobs Douwe Egbert’s conditional general offer for Super Group; and Northstar Advisors’ acquisition of Innovalues via a scheme of arrangement, the research house believes the theme could continue to play out as the yearend approaches.

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