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Our conviction of DIP Corp remains, despite a collapse in stock price

In print this week

Our conviction of DIP Corp remains, despite a collapse in stock price

Tong Kooi Ong Published on Fri, Apr 20, 2018 / 4:30 PM GMT+8

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SINGAPORE (Apr 23): A strong start to the US corporate earnings reporting season is giving beleaguered stocks a much-needed boost of confidence. Worries over geopolitical tensions, trade and regulations of tech companies remain and are likely to keep volatility at elevated levels, but the rebound is a welcome relief.

Most of the stocks in our Global Portfolio closed higher for the week, mirroring the improved sentiment. Nevertheless, total portfolio value declined 4.1%, dragged down by heavy losses for DIP Corp.