princess_morbucks
03-01-14, 18:58
http://www.channelnewsasia.com/news/business/singapore/investment-in-s-pore/942154.html?utm_source=dlvr.it&utm_medium=twitter
SINGAPORE: Investing in Singapore equities this year may not yield returns as favourable as investing in US, Europe and Japan stock markets.
This is according to DBS Bank, which is neutral on Singapore equities in 2014.
Most Southeast Asian economies are likely to face pressure from weaker commodity prices and slower growth in consumption from developed markets.
With the US Fed tapering its quantitative easing measures this month, cost of funding could also increase.
Worries over China’s growth outlook will continue to cast uncertainties in the market, and this could affect several Singapore-listed stocks with exposure to the region.
Lim Say Boon, chief investment officer for Group Wealth Management at DBS Bank, said: “Singapore companies that are listed on the Singapore Stock Exchange, their earnings are driven largely by domestic earnings or regional's earnings, meaning Southeast Asia earnings are dependent on China's growth, economic activities. They are likely to mirror the prospects of the Asia region, rather than the developed markets.”
- CNA/gn
SINGAPORE: Investing in Singapore equities this year may not yield returns as favourable as investing in US, Europe and Japan stock markets.
This is according to DBS Bank, which is neutral on Singapore equities in 2014.
Most Southeast Asian economies are likely to face pressure from weaker commodity prices and slower growth in consumption from developed markets.
With the US Fed tapering its quantitative easing measures this month, cost of funding could also increase.
Worries over China’s growth outlook will continue to cast uncertainties in the market, and this could affect several Singapore-listed stocks with exposure to the region.
Lim Say Boon, chief investment officer for Group Wealth Management at DBS Bank, said: “Singapore companies that are listed on the Singapore Stock Exchange, their earnings are driven largely by domestic earnings or regional's earnings, meaning Southeast Asia earnings are dependent on China's growth, economic activities. They are likely to mirror the prospects of the Asia region, rather than the developed markets.”
- CNA/gn