electronics

Vietnam has the highest level of overlap

The nascent industrial recovery is led by the world’s two biggest economies: US and China

On a seasonally adjusted month-on-month basic, output was down 3.9%

Singapore’s factory output hit by broad-based declines in October

Things have been looking up for Singapore’s factory output

While aviation is likely to cause ST Engineering to experience weakened earnings going forward, stable defence earnings and robust balance sheets will likely see dividend remain constant.

“[A] more pronounced impact [on factory output] is likely to be seen from April 2020 onwards due in part to the implementation of the ‘circuit breaker’ measures,” says EDB.

These contracts are over and above a defence contract that its land systems arm secured for the production and supply of the Hunter Armoured Fighting Vehicle from the Singapore Ministry of Defence.

"Even without the US-China trade war, the Covid-19 pandemic is the black swan event that has... impacted global demand and dashed hopes of a manufacturing rebound,” says Selena Ling, who heads OCBC’s treasury research and strategy department.

The 3.4% increase in factory output exceeds the 5.8% drop predicted by private-sector economists in a Bloomberg poll, amid expectations of lower output from the earlier than usual Chinese New Year vacation, as well as uncertainty from Covid-19