Investors onboard Sembcorp Marine (SMM) has found themselves in murky water after the disappointing results for 4Q17. The net loss of $33.8 million recorded for the period must have surprised many of the market participants that were expecting slightly better results.
2018 will be the year of major infrastructure projects, based on the pipeline of projects projected by Singapore’s Building and Construction Authority. The public-sector construction demand would be worth between $18-23 billion per annum for the next three years in five iconic projects. This could lead to increased construction activities for several main contractors, subcontractors and building material suppliers that will be involved in these infrastructure projects.
For the first time in many years, Singapore’s economy expanded at the top end of Trade & Industry Ministry’s growth prediction, i.e. 3.5 percent in 2017. In 2018, RHB believes that Singapore’s GDP will grow by three percent in 2018. On the back of stronger economic data, the Straits Times Index (STI) rose by 27 percent.
With the festive Lunar New Year fast approaching, for many wedded couples, the time of the year to give out ANG BAO money is also close. For some, it can be a "headache" to fork out a few thousand dollars for the occasion. Fortunately, there is the stock market that allows us to make up the shortfall.
Investors who are paying attention to the developments in the REITs sector would have heard about the proposed merger between ESR-REIT (ESR) and Viva Industrial Trust (VIVA). Though the merger is still under negotiation and nothing is cast in stone, we want to examine the potential results should the merger take place.
In 2017, healthcare sector in Singapore underperformed the Straits Times Index (STI) with the former gaining 14.8 percent while the latter gained 18.1 percent. Several headwinds faced by the sector were the main attributes for the underperformance but is looking to stabilise in 2018.