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Editorial Desk
Editorial Desk | 03 August 2012
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By: Xavier Lim
Articles (51) Profile

As expected, the Federal Reserve has left its rates unchanged till end 2014 but offered no definitive signs of further easing. Nevertheless, as far as the markets are concerned, Ben Bernanke reaffirmed his preparedness to take further action when required.

Over in China, the Ministry of Railways has planned to spend Rmb470 billion on railroads and bridges this year as Premier Wen Jiabao tries to reverse an economic slowdown. The new target exceeded last year’s Rmb461 billion in spending.

Back home, loan growth for 1H12 held up but growth momentum seems to be moderating. Bank lending in June rose 1.7 percent month-on-month driven by manufacturing, general commerce and housing sectors. Comparing to previous quarter, loan growth increased 4.6 percent.

Oversea-Chinese Banking Corporation kicked off the 2Q result season for our local banks by posting a 12 percent increase in its 2Q12 net earnings year-on-year, but was down 22 percent quarter-on-quarter. The bank has also proposed an interim dividend of 16 cents that is higher than the FY10 and FY11’s interim dividends of 15 cents.

Big market capitalisation stocks, IHH Healthcare Berhad (IHH) and Ascendas Hospitality Trust (AHT) had different fates on their listing. IHH has risen 13.7 percent from its initial public listing (IPO) price of $1.113 to $1.265 while AHT closed flat from its IPO price of $0.88 to $0.875 as at 1 August.

Meanwhile, the takeover battle for Asia Pacific Breweries has led investors to speculate on how they can ride on the acquisition wave to reap big gains by focusing not only on the brewery but also on the companies that hold either a direct or indirect stakes in it.

Shifting to our cover story for this issue, we have the legendary Jim Rogers, a well-known American investment guru and the creator of the Rogers International Commodities Index, sharing his insightful take on the current investment arena with us. In the interview, Rogers told us that he expects future farmers to drive Lamborghinis while stock brokers will be driving taxis. Rogers also shared with us his view on gold and the right time to buy gold. Flip no more to page 8 for more details.

Also, we take a close peek on why global central banks’ intervention in the financial markets have caused bank lending to remain weak. Find out more from page 12.

Enjoy the read!

Armed with an arsenal of investment knowledge, Xavier is the Senior Research Editor at Shares Investment.

Please click here for more information about this author.

Oversea-Chinese Banking Corp  10.680 -0.01 -0.09%   
Business: [FY18 Turnover] Global corporate/investment banking (35%), global consumer/private banking (34.8%), OCBC Wing Hang (11.5%), insurance (11%), global treasury & mkts (7.7%).

Insight: May-19, 1Q19 total income rose 14.7% driven by str... Read More
IHH Healthcare  1.880 -0.010 -0.53%   
Business: One of the largest listed private healthcare providers in Asia and worldwide. [FY18 Turnover] Parkway Pantai (64.7%), Acibadem Hldgs (31.9%), IMU (2.2%), PLife REIT (1.2%).

Insight: May-19, 1Q19 revenue rose 27.6% as a result of the... Read More
Ascendas Hospitality Trust  1.060 -0.010 -0.93%   
Business: A stapled group comprising Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust.

Insight: May-19, FY19 revenue fell 6.3% to $190.5m while NP... Read More

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