Philip Chua Business Blog

Archive for August 4th, 2009

RETAIL stocks – that previously included now-delisted Robinson and CK Tang – were once market darlings but now seem to have fallen out of vogue.
With the two casinos coming up in Singapore soon, retail counters may warrant a second look but are unlikely to arouse the same attraction as before.
Singapore’s casinos are likely to attract tourists from Thailand, Hong Kong, China, Indonesia and Malaysi… more

(SINGAPORE) Property launches again attracted strong interest at the weekend – days after the government warned buyers against over-committing themselves.
‘Our ground checks last weekend revealed that buyers continued to throng showflats,’ DMG & Partners Securities analyst Brandon Lee said in a note yesterday.
TID – a joint venture between Hong Leong Group and Japan-listed developer Mitsui Fu… more

WHILE the market rallies over the past few weeks have certainly lifted sentiment, it may now be time for a serious reality check. If anything, the main headlines of the previous week added up to just one word: caution.
The growing confidence in the market, and indeed generally, was driven by several factors. For one thing, there was the feeling that the economic decline has bottomed out and that j… more

AFTER a slow start in the morning, the Singapore market perked up during the afternoon session following positive starts in Europe, and ended the session in positive territory, buoyed by gains in Hong Kong and Shanghai.
But brokers here said there was noticeable caution in the air following two weeks of sharp gains which has lifted the benchmark Singapore market index some 17.5 per cent.
The Strai… more

RETAIL investors seeking to enhance their financial knowledge can look to a strong line-up of workshops at this year’s Invest Fair.
To be held on Aug 22 and 23, the investment exhibition will feature eight specialised workshops conducted by various renowned speakers from here and overseas.
According to Christopher Lee, CEO of organiser ShareInvestor, the series of workshops is a new initiative and… more

(SINGAPORE) IN one of the first bulk sales of apartments since the economic crisis unfolded last year, a property fund is understood to have purchased the remaining 21 units at Sui Generis condo at Balmoral Crescent for $65 million.
The price works out to about $1,260 per square foot on average. The units are said to be located throughout the freehold project, which is slated for completion around… more