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Editorial Desk
Editorial Desk | 17 June 2011
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By: Clement Kan
Articles (1) Profile

Owing largely to sluggish data from the world’s largest economy, escalating Eurozone debt problems and China’s continued monetary tightening, the local equity bellwether has recently plummeted below its 50-, 100- and 200-day simple moving averages, signaling a rather bearish tone.

Unless we are able to witness a significant improvement in the global macro picture, investor sentiment would most likely remain negative in the weeks to come.

Gracing our front cover this issue is none other than homegrown Wee Hur Holdings. Enjoying the fruits of its foray into property development, the company has certainly not forgotten about its core construction business, as evident from the recent $109 million public housing building project win.

Moving on, we take a closer peek at our national airline. All eyes are on Singapore Airlines’ recent announcement to establish a new no-frills, low-fare airline operating wide-body aircraft on medium and long-haul routes. How will this affect its 33%-owned unit Tiger Airways? Flip to page 12 and hear what industry watchers have to say.

We also have a story on Health Management International (HMI), which operates two tertiary care hospitals in Malaysia. With medical tourism being identified as one of the key pillars of growth for the Malaysian economy, the healthcare industry across the causeway is expected to remain robust for 2011. And HMI could very well be the next turnaround play in the making.

Last but not least, we have an article on Epicentre Holdings. Riding on the worldwide craze in Apple products, the junior board-listed company has hit a high of $0.70 in April this year. Since then, it has eased some 30%. So, is the company’s growth story still intact? Find out more from page 20.

Happy reading!

Health Management Int'l  0.725 -- --   
Business: Healthcare services provider with presence in South East Asia. [FY18 Turnover] Hospitals (81.9%), all other segments (14.7%), healthcare education & training (3.4%).

Insight: May-19, 9M19 revenue rose 8.6% mainly due to highe... Read More
Epicentre Hldgs  -- -- --   
Business: Co engages in the retail of Apple brand products, and third party and proprietary brand complementary products. [FY18 Turnover] Apple brand (73%), services (19.7%), third-party brand (7.3%).

Insight: Feb-19, 1H19 revenue plunged 68.4% mainly due to t... Read More
Singapore Airlines  9.240 +0.14 +1.54%   
Business: Co provides air transportation services to destinations spanning a network spread over 6 continents. [FY19 Turnover] SIA (80%), Budget Aviation (10.5%), SilkAir (6.2%), SIAEC (3.1%), others (0.2%).

Insight: May-19, FY19 revenue edged up 3.3% to $16.3b. Pass... Read More

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