US-China trade conflict

Temasek portfolio value rises as unlisted assets outperform

SINGAPORE (July 9): Temasek Holdings held onto gains in its portfolio amid global trade uncertainties after selling $28 billion of holdings as US equity markets hit record highs and its unlisted assets outperformed.

The Singapore state investor’s net portfolio value rose 1.6% to $313 billion in the 12 months ended March 31. In US dollar terms, the portfolio value fell by 1.7%. One-year total shareholder return for the period was 1.49%, while three-year TSR came in at 8.88% in Singapore dollar terms.

Asian economic growth slated for moderate slowdown: SSGA

SINGAPORE (July 4): Asia’s economic growth is expected to continue to weaken against a backdrop of unresolved trade tensions, according to asset manager State Street Global Advisors (SSGA), the investment management arm of State Street Corporation.

In a mid-year outlook briefing on Thursday, SSGA says the continued decline will likely be on the back of slowing exports and soft domestic demand.

ISDN kept at 'add' by CGS-CIMB on value-add, growth opportunities and strong partnerships

SINGAPORE (July 1): CGS-CIMB Research is maintaining ISDN Holdings at “add” with a target price of $0.32 on the back of the company’s core business strength of providing value-added motion control solutions and strong partnerships.

Apart from not competing in the mass market and price-competitive core motor space, ISDN adds value by offering solutions that incorporate its principals’ motors to customers, rather than selling them the motors on a standalone basis.

Oxford Economics lowers GDP growth forecasts across Asia on slowdown of manufacturing and exports sector

SINGAPORE (June 28): The recent US-China trade tension escalations have resulted in the deterioration of the manufacturing and exports sector – causing Oxford Economics to lower its GDP growth forecasts across most of Asia.

Most countries recorded negative export growth with the exception of China (up 1.1%) and India (up 3.9%).

Vietnam’s goods exports were also up a solid 9.5% on the year, as exports to the US have accelerated, likely reflecting some trade diversion due to the US-China trade war. This has partly offset weaker demand from China and the region.

Tech funds perform despite Huawei ban, but fund managers more wary as

SINGAPORE (July 1): On May 16, trade tensions between the US and China escalated to a new high when the former announced that Huawei Technologies was placed on the Entity List. Essentially, this means the Chinese company is subject to licence requirements for exports, effectively barring it from doing business with US companies. To soften the blow on US companies and smartphone owners, the prohibition is only set to take effect after a 90-day grace period. Yet, the conflict could worsen. 

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Singapore considers cut to growth forecast as trade war hits exports

(June 27): Singapore's central bank is reviewing its 1.5-2.5% economic growth forecast for this year and isn't ruling out off-cycle monetary easing as the US-China trade war roils the export-dependent economy, its chief Ravi Menon said on Thursday.

Singapore's economy is expected to grow at its slowest pace in a decade this year, and some are predicting a recession in 2020, with the high-tech manufacturing hub more vulnerable to the trade war than others in Southeast Asia.

Why 2019 might be a better year for investors: Schroders

After the disappointment of 2018, Schroders chief executive Peter Harrison rounds up the factors its fund managers think could lead to a brighter year ahead.

SINGAPORE (Jan 2): 2018 has been a disappointing year for most investors. Almost all markets, both stocks and bonds, fell in value last year, under pressure from rising interest rates, political developments such as Brexit, and the trade dispute between the US and China. With hindsight, markets were priced for perfection at the start of the year and were vulnerable to bad news - and there has been plenty of that.

Singapore economy grows 3.3% in 2018

SINGAPORE (Jan 1): Singapore’s economic growth held above 3% for a second year, Prime Minister Lee Hsien Loong said, calling on the nation to rally around a new team of leaders and ensure continuity as he prepares to step down.

Gross domestic product expanded 3.3% in 2018, Lee said in his New Year message on Monday. That matches the median estimate in a Bloomberg survey of 14 economists. Singapore is forecast to grow 1.5% to 3.5% next year, he said, citing "major uncertainties" in the global economy amid trade conflicts and nervous financial markets.

The largest SGX tech stocks going into 2019

SINGAPORE (Dec 26): The technology sector in Singapore is deemed to be highly cyclical and with the recent increase in global demand for electronic products and services, along with new entrants within the sector, competition has been heating up.

However, the competition within the sector has an economic impact of weighing both prices and margins.

Furthermore, the recent US-China trade dispute have also affected the technology sector’s supply and value chains, especially when the US announced that it would impose tariffs on industrially significant technology.

Is it better to pay more to acquire an asset? The case of Disney

TES837-Tong-portfolio

SINGAPORE (July 2): Stocks slumped in another week of selling as uncertainties generated by the escalating trade conflict between the US and China (and the rest of the world) dented investor confidence. 

Aside from the threat to slap additional tariffs on an expanded list of goods, there was also conflicting news from the White House with respect to further restrictions on foreign investments in US technology companies.

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