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Editorial Desk
Editorial Desk | 21 December 2012
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By: Xavier Lim
Articles (51) Profile

Global stock markets were seen trending upwards amid optimism over the “fiscal cliff” discussions that continue to roll out of Washington. This bullish momentum has not been seen since mid-October when the last pullback began. At the same time, the US dollar remains under pressure against the euro on signs that US policy makers are moving closer to a comprehensive debt deal.

However, what if no deal was reached before 2013? Well, stock markets will react negatively and probably benefit both Democrats and Republicans as US President Barack Obama and House Speaker John Boehner will be able to reduce opposition in their parties and get an agreement passed more readily. Turn to our cover story this issue for more details from page 6.

Over in Asia, the Nikkei 225 index surged over the 10,000-point mark on 19 December for the first time since early April despite Japan reporting that its November trade gap widened to ¥953.4 billion from a deficit of ¥691.2 billion a year-earlier. This was largely due to accelerating declines in China-bound exports which has tumbled 14.5 percent in November. Market watchers are suggesting that the continued trade weakness will affect Japan’s expected recovery next year. This in turn will likely add pressure to Tokyo’s newly elected leaders to act to stimulate the recession-hit economy.

Macroeconomics aside, we take a closer peek at Kori Holdings, which is primarily engaged in providing civil/structural engineering and infrastructural construction services. The company is set to get a boost as the Singapore government explores options of tapping on underground space. To find out more on the company, flip to page 10.

Moving on, we shift our attention to the ongoing Fraser and Neave (F&N) saga. According to sources, Thai billionaire Charoen Sirivadhanabhakdi tried to buy a stake of about 10 percent in F&N for $9.60 apiece from at least two funds in order to compete for the control of F&N. As at 17 December, shares of F&N closed at a record high of $9.65. The share has surged 55 percent this year. Find out more in page 12.

We have come to the final issue for the year 2012! The Shares Investment team would like to take this opportunity to wish all our readers a Merry Christmas and a Happy New Year!

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.

Fraser & Neave  1.690 -0.010 -0.59%   
Business: [FY18 Turnover] Dairies (60%), beverages (25.4%), printing & publishing (14.6%).

Insight: Apr-19, 1H19 revenue inched 1.9% to $931.8m underp... Read More
Kori Hldgs  -- -- --   
Business: Co provides civil/structural engineering & infrastructural construction services. [FY18 Turnover] Structural steelworks (89%), tunnelling (11%).

Insight: Mar-19, FY18 revenue slid 17.4% mainly due to the ... Read More

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