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Straits Times 3,116.84 -10.90 -0.35%
Hang Seng 26,173.59 +124.87 +0.48%
Dow Jones 26,252.24 +49.51 +0.19%
Shanghai Composite 2,897.14 +13.71 +0.48%
Editorial Desk Singapore
Editorial Desk | 01 February 2013
By: Xavier Lim
Articles (51) Profile

Resilience. That seems to be the word encircling the property and property-related stocks. They have rebounded strongly in the aftermath of the seventh round of property cooling measures introduced on 11 January 2013. However, given this comprehensive set of cooling measures and with the government’s strong will to soften the property prices, what is the outlook of the property market? Find out more in our ‘In Focus’ section on page 56 to hear what analysts had to say.

Still in Singapore, the lion-city attracted a 17 percent increase in fixed asset investments to $16 billion last year as compared to 2011. However, the Economic Development Board expects that Singapore is likely to attract fewer capital-intensive projects in coming years due to land and manpower constraints. Turn to page 10 to read about it.

Over in Japan, the Nikkei 225 Index hit a two-year high on the back of continuing weakness in the Japanese yen and positive earnings reports announced among the big companies. Meanwhile, there are concerns that efforts of Shinzo Abe’s government trying to weaken the yen to stoke exports might spark a so-called currency war. For more details, turn to page 14.

Elsewhere, the Shanghai Composite Index jumped 2.4 percent to close at 2,347 on 28 January, its best finish since June as investors are expecting better earnings from the local firms this year. With its domestic demand and investment activities continuing to increase, coupled with the possible introduction of new stimulus measures by the China’s new leadership to prop up the slowing economy, we believe that the Shanghai Composite Index could test its last year’s high of 2,478 points in the first half of this year.

Shifting to our cover story for this issue, we attempt a closer look at the small cap companies that had outperformed the Straits Times Index by 11 percentage points last year. Will these small caps continue to shine and remain as the market darling in 2013? Flip no more to page 8.

There is also an article on Hi-P International, a prominent name in the electronics manufacturing industry. As the company’s share price performance and Apple’s had observed a close correlation for the past year, analysts are highlighting their concerns on Hi-P’s share price in the near-term.

With the Year of the Snake fast approaching, we would like to wish all our readers a very joyous and prosperous Lunar New Year!

Gong Xi Fa Cai!

Notice
Due to the Lunar New Year holidays, there will be no publication on 18 February. Our next issue (454) will be out on 25 February.
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.


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