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NODX decline suggests Singapore is "drastically" losing competitiveness |
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57 reads
See why one economist thinks so. Commenting after the release of Singapore's April non-oil domestic exports, DBS economist Irvin Seah said that external demand is not that weak so the recent slip in NODX could suggest that "Singapore is losing its competitive edge drastically, thereby affecting its domestic exports, and hence the performance of its manufacturing sector." Here's the complete comment analysis from DBS: Read ›› |
Singapore consumer sector threatened by possible overseas slump |
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226 reads
Consumer spending abroad could tank soon. According to OCBC Investment Research, Singapore consumer firms are heavily reliant on overseas contributions, paricularly from Southeast Asia and China regions, to prop up their sales. Read ›› |
3 best ways Singapore employees can improve their image |
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395 reads
Adopt these to impress your bosses. According to the results of a recent survey on Impact of Image conducted by the Singapore Chapter of the Association of Image Consultants International (AICI Singapore), the top 3 image-makers for men and women means: Being polite and courteous, looking fresh and clean, and that speech is clear and sounding confident. Read ›› |
See what's spooking foreigners from investing in SREITs |
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397 reads
SGD vs USD deprecation is one. Aside from the currency exchange rate dip that is convincing foreign investors to let go of SREITs, Barclays Research also noted that the markets continue to be spooked by possible “tapering off” of QE3. Read ›› |
Why rising bond yields should not panic S-REIT investors |
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825 reads
Current fears an "over-reaction", says DBS. According to DBS, S-REITs continue to have the ability to grow distributions that will compensate for the rise in long bond yields, and mitigate some of the negative impact. Read ›› |
Why analysts predict rig prices to balloon in the next 3 years |
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1002 reads
Is it because of rising competition? According to Maybank Kim Eng, despite rising threats from Chinese and Korean yards, analysts hold the view that Singapore yards have unique niches to defend against these competitions while they move up the value chain. They said they expect Keppel and SMM to secure a combined SGD11b in new offshore orders in FY13F (SGD8b in FY12 excluding Petrobras related orders). Read ›› |
Unsatisfied customers file S$103m product claims vs Asia Fashion Holdings subsidiary |
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399 reads
Products allegedly fell short of requirements. In a disclosure to the Singapore Exchange, the Board of Directors of Asia Fashion Holdings Limited announced that the Company's wholly-owned subsidiary, Fujian Qianfeng Textile Technology Co., Ltd has received claims amounting to RMB 517,034,640 (equivalent to S$103,406,928) from customers for delivered products that allegedly failed to meet customers' specified requirements. Read ›› |
Singapore healthcare companies face rising cost pressures |
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398 reads
But long-term potential in tip-top shape. According to OCBC Investment Research, cost pressures pose as the key risk for the Singapore healthcare sector as seen in their recently climbing operating expenses, mainly from staff and rental costs. Read ›› |
3 big themes and 7 key stock picks for 2013 |
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986 reads
UOB unveils winning strategy for investors. In its latest Singapore corporate guide report, UOB said investment themes to consider in 2H13 include: a) rotation among high-yield stocks, b) stocks with region/ sector-specific growth drivers, and c) quality laggards. Read ›› |
Asia's high net worth individuals to reach 2.82m by 2015 |
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2056 reads
New report also reveals their evolving lifestyle. According to the latest Julius Baer Lifestyle Index, the number of Asian High Net Worth Individuals (HNWIs) will increase by roughly 650,000 in the next two years from 2.17m in 2013 to 2.82m in 2015. Read ›› |
2 factors blamed for "dramatic" correction in Singapore REITs |
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2697 reads
Interest rate jitters is one. According to OCBC Research, the past two weeks has seen a huge correction in the SREITs sector which the research firm attributed to a possibly earlier-than-expected Federal Reserve curtailment of bond purchases, as well as profit-taking after last year's bull run. Read ›› |
Singapore banks' loan growth slows down after blistering 1Q13 |
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294 reads
April statistics reveal momentum is moderating. According to Barclays Research, the MAS April monetary statistics showed slowing loan growth momentum after a strong 1Q13, while the system loan to deposit ratio rose to 99%, another record high since 1999. Read ›› |
3 core businesses will sustain ComfortDelGro till 2016 |
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725 reads
Combined profit contribution exceeds 50%. ComfortDelGro will rely heavily on its Singapore taxi, Australia bus and UK/Ireland bus businesses to keep its earnings stable over the next three years, according to Maybank Kim Eng, with the latter two especially promising given some possible acquisitions on the horizon. Read ›› |
Singapore industrial and logistics rents to rise 5%: Colliers |
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236 reads
Same with Hong Kong and New Delhi. Meanwhile, industrial and logistics rentals are expected to grow by around 3 to 5% p.a. Read ›› |
How Ben Bernanke's shocking statements affected Singapore REITs |
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3869 reads
Market started to speculate. According to CIMB, SREITs saw a broad-based selldown last Thursday (23 May), alongside rising bond yields after Ben Bernanke’s statements left the market speculating that QE measures may be withdrawn earlier than expected. The sector now trades at a spread of 400bp, just a shade below the long-term average of 409bp, after both bond and REIT yields rose. Read ›› |
10 most in-demand jobs in Singapore revealed |
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8250 reads
Office support, supervisors topped 2013 survey. Manpower Singapore has released the results of 8th Talent Shortage Survey, which found that as the global talent shortage continues to intensify, 47% of employers in Singapore are experiencing difficulty finding staff with the right skills. Read ›› |
Why non-residential investment is key to a flourishing Singapore economy |
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322 reads
Arguably the most important domestic factor. Maybank Kim Eng said non-residential investment will be the key growth driver to Singapore, not only in restructuring the economy, but also in boosting productivity, efficiency and competitiveness. Read ›› |
Singapore's April manufacturing output dropped 2.7% |
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193 reads
That's excluding biomedical manufacturing. According to a release by the Department of Statistics, on a year-on-year basis, Singapore’s manufacturing output increased 4.7% in April 2013. Read ›› |
Singapore growth forecast still stuck at 1-3% despite 1Q13 gains |
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187 reads
Government retains forecast on lingering risks. "Despite the stabilisation of external macroeconomic conditions since late last year, risks to global growth outlook remain. Read ›› |
3 things you must know about Singapore rigbuilders' latest profits |
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558 reads
Robust demand, stiff competition. According to OSK DMG, the recent earnings season ended with more negative than positive surprises. Read ›› |
36% of Singaporeans still feel job market is "weak" |
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371 reads
Pessimism down from 50% in 3Q2012. According to the latest Global Sentiment Survey from Singapore-based Berkley Group only 36% of respondents in Singapore felt that there was a weak job market – a decrease of 14% from Berkley’s previous survey carried out in Q3 2012. Read ›› |
Booming North Sea, GOM orders to lift Singapore rig builders |
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364 reads
Outlook brightening as drillers escalate activities. According to Barclays Research, increasing drilling activity in the North Sea and Gulf of Mexico (GOM) is poised to boost Singapore rig builders, especially Keppel Corp and Sembcorp Marine, who will be tapped to provide offshore drilling rigs for the expansion-hungry drillers. Read ›› |
Here's why the home buying frenzy died off in April |
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3108 reads
Will this trend continue? According to Knight Frank, against the existing backdrop of a supply-induced demand trend in the private residential market, developer sales performance has been fluctuating over the last four months of this year. Following a record high sales volume in March 2013 with many project launches after the Chinese New Year period, the markedly lower sales volume last month indicates a general moderation of market sentiment from developers and homebuyers. Here's more from Knight Frank: Read ›› |
Why 2013 might be a record year for Singapore's jack-up deliveries |
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396 reads
55 units are to be delivered. According to Barclays, 2013 is on track to record the highest number of jack-up deliveries in the past 30 years. Read ›› |
Here's a really bad news for Singapore's 1Q flash GDP number |
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1642 reads
The forecast is pegged at -0.6%. According to Nomura, the market appears to be complacent about the poor first quarter flash GDP number of negative 0.6%, rationalizing that with the recovery in the US and now Japan, economic growth will start to improve as well. Read ›› |
Why Singapore rig builders are still preferred over Chinese rivals |
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1670 reads
Established drillers wary of Chinese yard capabilities. Barclays Research said that according to its discussions with major industry players, the outlook remains bright for Singapore rig builders to clinch orders from the ongoing demand boom. Read ›› |
Biosensors to acquire Spectrum Dynamics assets for S$51m |
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214 reads
With possible performance-based earn-out payments. In a bid to expand its product offerings, Biosensors International Group, Ltd. Read ›› |
Singapore Changi Airport still voted as Asia's best |
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356 reads
Bags AFCSA award for 27th straight year. In a release, Singapore Changi Airport announced that it was voted by Cargonews Asia readers as the Best Airport in Asia at the annual Asian Freight and Supply Chain Awards (AFSCA) Ceremony recently held at the Conrad Beijing. Read ›› |
Sembcorp Industries profit contribution shifts from Singapore to China, Middle East |
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220 reads
Overseas contributing more to bottom line. In its latest financial results, Sembcorp Industries (Sembcorp) reported a net profit of S$176.9 million and turnover of S$2.4 billion in the first quarter of 2013 (1Q2013), comparable to 1Q2012’s net profit of S$176.7 million and turnover of S$2.4 billion. Read ›› |
ST Engineering delivers comparable first-quarter profits from last year |
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188 reads
Despite revenue hits in some divisions. In what the company has described as a "steady performance," Singapore Technologies Engineering Ltd (ST Engineering) reported financial results for its first quarter ended 31 March 2013 (1Q2013) that almost mirrored the same period last year. Read ›› |
SingPost's vaunted investment plan will eat into profit margins |
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301 reads
Through S$4m yearly depreciation cost. Maybank Kim Eng noted that Singapore Post's S$45 million investment upgrade to its mail sorting system is critical to long-term productivity and competitiveness, but warned that as a short-term side effect, the replacement will contribute additional depreciation cost that will likely "eat into the net profit margin by 60bps on our estimate once it is completed in 2014." Here's more from Maybank Kim Eng: Read ›› |
Still-rising costs shred SingPost 4Q profit 14.6% |
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325 reads
As domestic mail volume plummets again. Singapore Post Limited (SingPost) has announced its unaudited results for the fourth quarter and full year ended 31 March 2013, revealing rising costs amidst 6th consecutive quarter of decline in domestic mail volume. Read ›› |
Singapore in drastic need of local crane operators |
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812 reads
Government out to make profession enticing. Read ›› |
Ascott REIT to acquire Japan, China properties for S$287.4m |
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515 reads
Covers 3 serviced residences and 11 rentals. Ascott Residence Trust (Ascott Reit) has announced that it entered into conditional agreements to acquire three prime serviced residences in China and a stable portfolio of 11 rental housing properties in Japan (the Acquisitions) for S$287.4 million at an EBITDA yield of 5.4%. Read ›› |
Keppel T&T grows Singapore data centre footprint by 6,000 sm |
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416 reads
To better serve booming demand. In a release, Keppel Data Centres Holding Pte Ltd (KDCH), a joint venture between Keppel Telecommunications & Transportation Ltd (Keppel T&T) and Keppel Land Limited, has announced plans to develop its third data centre in Singapore with the completion of the acquisition of a light industrial building from Goodvine Pte Ltd. Read ›› |
OCBC first-quarter profit tanked 16% to S$696m |
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385 reads
Trading income decline led losses. In a release, Oversea-Chinese Banking Corporation Limited (OCBC Bank) reported a net profit after tax of S$696 million for the first quarter of 2013 (1Q13), 16% lower than S$832 million a year ago (1Q12), and 5% higher than S$663 million the previous quarter (4Q12). Read ›› |
Wholesale trade still top Singapore sector in which to do business |
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294 reads
Financial services not far behind. The assessment was made by GuideMeSingapore.com in its most recent Business Formations Statistics Report, which found that wholesale trade in 2013 took up 20% of the new total company registrations for the year. Read ›› |
Olam reveals top 4 business priorities for FY2014-2016 |
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708 reads
All part of "rebalanced growth" strategy. Olam International Limited (Olam) has just concluded its annual strategy review and Strategic Plan for the three-year period FY2014-FY2016. Read ›› |
Why Singapore will still lag behind ASEAN-5 |
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500 reads
Newly industrialized economies continue underpeformance. "With the U.S. economy gaining some steam but still growing below potential, Europe in recession, and China growing near trend, the global outlook for both growth and trade remains subdued. Read ›› |
Expect a 5% dip in Singapore home prices: Knight Frank |
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2448 reads
Decline forecasted in next 12 months. Knight Frank made the forecast in its latest Asia Pacific Residential Review, saying that the most recent cooling measures introduced by the Singapore government will have an impact on volumes and pricing. Read ›› |
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