Welcome!
UK
Oxley Holdings says GBP exposure ‘limited’
SINGAPORE (June 28): Oxley Holdings on Monday night said it expects limited impact from the currency conversion from Sterling pound (GBP) to Singdollar (SGD).
June 28, 2016
Brexit
7 ways Brexit will stir markets in the years to come: BNP Paribas
SINGAPORE (June 28): BNP Paribas’ economic research department has revised its forecasts down by about 0.3pp this year and almost 1.5pp for 2017, with additional expectations of 2018 growth to be “marginally lower than previously assumed”, as the le
June 28, 2016
Broker's Calls
ComfortDelgro kept at ‘buy’ RHB with lower $3.25 target on Brexit worries
SINGAPORE (June 27): RHB Research is keeping its “buy” call on ComfortDelgro but lowering its target price to $3.25 to $3.40 after lowering its earnings by 4–4.8% for FY2016 and FY2017.
June 27, 2016
Broker's Calls
CDL kept at ‘buy’ by RHB with $9.04 target as shares take a beating
SINGAPORE (June 27): RHB is maintaining its “buy” recommendation for City Developments (CDL) with a revised target price of $9.04.
June 27, 2016
Brexit
Expect more central bank easing, strength in yen, greenback and gold post Brexit, say experts
SINGAPORE (June 24): The UK officially decided to leave the European Union on June 23, with leave votes trumping remain by 51.9% to 48.1%. A total of 33.5 million voted. Mayhem ensued in the markets, with the British pound dropping more than 10% to a 30-y
June 24, 2016
Currencies
Singapore dollar weakens against Sterling on UK exit vote day
SINGAPORE (June 23): The Singapore dollar weakens further against the pound during Thursday's session, with the cross rate losing another 0.6% and implying GBP strength as voters prepare to go to polling stations in the UK to vote on continued members
June 23, 2016