Philip Chua Business Blog

Posts Tagged ‘result’

Non-farm payrolls declined by a mere 11k in November – the best result since December 2007. The deterioration in the labour market is abating, but given the negative assessment of labour market conditions in the latest consumer confidence survey, non-farm payrolls could nevertheless have fallen again by about 10k in…

(SINGAPORE) Food prices have risen consistently over the past few months. And given erratic climatic conditions, they could become even more of a concern going forward.

The Consumer Price Index (CPI) rose 0.4 per cent in November from October. The increase was attributed mainly to the higher cost of housing, recreation and other items, and food.

As a result of dearer vegetables, fruits and ric… more

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more

POTENTIAL dual listings provided the main targets for yesterday’s session, following Tuesday’s explosive debut for China XLX in Hong Kong (HK). As a result, stocks such as Oceanus, China New Town, China Milk and Midas were all in play, based on hopes that if they obtain approval to list in markets such as HK or Taiwan, where valuations are higher, their prices here will have to rise.
However, if H… more

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

ONE big question that emerges from the whole sorry Sino-Environment saga is why trading of its shares continued for six months after it became likely that the company would be brought down by the problems that beset it.
Waste recycler Sino-Environment hit the headlines in March when its founder and chairman, Mr Sun Jiangrong, abruptly admitted he had put the company in jeopardy as a result of exce… more

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

INVESTORS have pulled money out of small cap stocks in the last couple of weeks. As a result, many small cap stocks have fallen with a thud. Our small cap portfolio slumped 6.7 per cent in the five trading sessions to yesterday – compared with the 1.7 per cent slide in the Straits Times Index.
The wild swings in small cap stocks perhaps point to the wisdom of always trying to take some money off … more

Nothing charges the volatility of the currency markets like an unexpected result for a well watched economic statistic. A decade ago the United States International Trade Balance caused violent gyrations in the Forex market, so much so that traders referred to those Friday morning sessions as “New York Fridays” naming…

(SINGAPORE) The result of yesterday’s tender for a plum condo plot at Dakota Crescent shows just why the government recently raised the ‘definite possibility’ that it will restart confirmed list land sales from next year.
A total of 13 bids were received, reflecting developers’ voracious appetite for mass-market and mid-tier private housing land.
The top bid from UOL Group was above market expecta… more