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Editorial Desk
Editorial Desk | 14 September 2012
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By: Xavier Lim
Articles (51) Profile

“Buy on rumour, sell on fact”, this was how investors and traders reacted for the past few months. We believe that the global stock markets will continue to stay this way as long as the economic situation in Europe, US and China remains uncertain.

Meanwhile, the Shanghai Composite Index was up 4 percent in a single day after the Chinese government announced a US$157 billion infrastructure spending plan. Chinese Premier Wen Jiabao said that China is well on track to reach its official growth target of 7.5 percent GDP growth this year, though he pointed out that the nation’s economy is facing some pressure. Nevertheless, Premier Wen said that there is still ample room to manoeuvre and will inject more money into the economy, if needed.

Across the Atlantic, the European Central Bank’s (ECB) “unlimited bond buying” move has sent the Spanish and Italian bond yields down sharply. In the US, the Commerce Department announced that trade deficit grew to US$42 billion in July from US$41.9 billion, but was not as wide as the expected US$44 billion. The trade deficit was widened by fewer exports to Europe, India and Brazil, offsetting a steep decline in oil imports.

Macroeconomics aside, we take a look at analysts’ view on Genting Singapore PLC. Are they recommending “Buy”, “Hold” or “Sell”? Details are on page 11.

Also in this issue is a story on Ezra Holdings, which proposed to spin off its engineering and fabrication division TRIYARDS to list on the Singapore Exchange. Will the proposed listing of TRIYARDS provide retail investors with an opportunity to ride on the Ezra story? Flip no more to page 16 to find out more.

Our ‘In Focus’ section on page 56 introduces some commodity plays – a good chance for investors to pick up some world-class commodity stocks on the cheap end and wait for prices to rebound.

Happy investing!

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.

Genting Singapore  0.890 +0.005 +0.56%   
Business: Develops, operates & mkts casinos & IRs globally, including Australia, M'sia, Philippines & UK. [FY18 Turnover] Gaming (66.1%), non-gaming (33.8%), others & invs (0.1%).

Insight: May-19, 1Q19, despite Co's non-gaming business reg... Read More
Ezra Hldgs  -- -- --   
Business: Co is a provider of integrated offshore solutions to the oil & gas industry. [FY16 Turnover] Marine Services (68.9%), offshore support and production services (25.7%), subsea services (5.4%).

Insight: Oct-17, The US Bankruptcy Court approved the appli... Read More

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