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Editorial Desk
Editorial Desk | 05 September 2014
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By: Choo Hao Xiang
Articles (151) Profile

Following a lacklustre first half, the initial public offering market swung into high gear in the third quarter. In just two months from July to August, we saw nine firms go public. A total of $1.4 billion was raised in July and August, more than doubled the $662 million in gross proceeds raised in the first half.

Not only did share sales activity pick up, the recent listings also brought about much diversity. Among investors’ favourites were Indonesia agri-food company Japfa (find out how the firm is targeting growth via Southeast Asia’s bellies here), firearms-training facilities Starburst Holdings (see why share price of this company has more than doubled since listing here) and Korean theatrical film production group Spackman Entertainment Group.

Another newly-listed entity that added variety to the lot on the Singapore Exchange is Japanese golf course operator, Accordia Golf Trust (AGT). A prominent name in Japan’s golf course arena, the trust holds the largest market share in terms of the number of golf courses and holes. Click here to see the insights we got from Yoshihiko Machida, chief executive officer of AGT, on strategies the trust is employing to maintain its edge.

Staying on local shores, Singapore saw a 2.8 percent fall in international visitor arrivals for the first half of 2014. Is this just a near term weakness? Well, the World Travel and Tourism Council thinks so. The international body estimated that the direct contribution of travel and tourism to Singapore’s gross domestic product will rise to $28.3 billion in the next 10 years from $19.1 billion in 2013. We look at how two sectors – hospitality and commerce – that are directly influenced by the tourism industry are positioning themselves to catch this ride.

Also in this issue, we caught up with Daryl Guppy, a technical analyst and trader who is featured frequently on CNBC Asia. Our conversation with him touched on how the market structure across various asset classes has transformed since the 2009 credit crisis and what trading strategies retail players can employ in the market.

Happy reading!

Haoxiang manages and oversees the portfolio of stocks in the consumer goods and hospitality sectors at Shares Investment.

Please click here for more information about this author.

Japfa  0.475 -- --   
Business: Co is an agri food company that produces multiple types of protein foods. It is headquarterd in Singapore and has operations in China, India, Myanmar and Vietnam.

Insight: Apr-19, 1Q19 revenue rose 7.8% lifted by broad-bas... Read More
Starburst Hldgs  -- -- --   
Business: Co engages in the design and engineering of firearms-training facilities. [FY18 Turnover] Maintenance services & others (94.4%), firearm shooting ranges (5.6%).

Insight: May-19, 1Q19 revenue remained flat at $1.6b which ... Read More
Spackman Entertainment Group  -- -- --   
Business: A Korean theatrical film production group. [FY17 Turnover] Film production (41.9%), distribution of films (42.8%), others (15.3%).

Insight: May-18, 1Q18 revenue increased 30.9% to US$10.5m m... Read More
Accordia Golf Trust  0.535 -- --   
Business: A business trust specialising in investments in golf courses, driving ranges, and golf course related assets in Japan.

Insight: Feb-19, 9M19 operating income fell 2% to JPY41.1b ... Read More

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