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Editorial Desk
Editorial Desk | 28 September 2012
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By: Xavier Lim
Articles (51) Profile

Following the recent gains around the globe, stock markets are shifting towards the downside underlined by the disagreement between German and French leaders on the timetable for beginning the joint oversight of Europe’s troubled banking sector.

Adding to the selloff was the worrying Greek government-debt crisis, whose budget deficit was reported to be €20 billion, almost double the previous estimates. The bigger-than-expected budget shortfall would disqualify Greece for further help from the European Union unless it closes the gap, triggering an immediate announcement made by the Greek Ministry of Finance, denying that the country needs to close a €20 billion budget shortfall to meet requirements from international lenders.

Back home, a surprise plunge in key exports and industrial output, coupled with a moderate rise of consumer prices in August has left more room for the Monetary Authority of Singapore to ease at its next monetary policy review in October. In corporate news, Temasek Holdings sold a 2.5 percent stake in SingTel for $1.28 billion, with an option to sell an additional 100 million shares if the demand is strong. Will the move draw any negative conclusion on SingTel? To find out more, click here.

Fronting our cover is Food Empire, a leading food and beverage company that has a large market share for its products in Russia, Ukraine and Kazakhstan. The group reported that its top- and bottom-lines rose to US$110.7 million and US$8.8 million in 1H12 on the back of a broad-based revenue growth in all three markets. In addition, Food Empire has also generated a strong cashflow of US$11.1 million from its operations during the first half of 2012. For more information, please turn to page 6.

Last but not least, we would like to take this opportunity to thank all of you who had joined us at Shares Investment Conference 2012. With more than 2,000 participants attending, SIC 2012 was indeed a resounding success! In appreciation of your support, we have collated some interesting advice from our renowned speakers starting from page 9.

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.

Singtel  3.210 -0.02 -0.62%   
Business: Asia's leading communications group. [FY19 Turnover] Mobile Comm (31.1%), Data & Internet (19.2%), Infocomm Technology (17.5%), Sale of Eqmt (16.5%), Digital Biz (7.2%), Fixed Voice (5.2%), Pay-TV (2.1%), Leasing (0.8%), others (0.4%).

Insight: May-19, FY19 operating revenue remained flat at $1... Read More
Food Empire Hldgs  0.530 +0.020 +3.92%   
Business: Manufacturer of instant F&B products. [FY18 Geographical] Russia (39.9%), other markets (20.4%), Indochina (17.7%), Kazakhstan & CIS markets (13.1%), Ukraine (8.9%).

Insight: 28 Feb-19, FY18 revenue rose 5.5% underpinned by h... Read More

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