Daily Archives: December 17, 2018


Singapore stock dividends assessed to fall 2.8% to $19.87b in 2019: report

Singapore Stock :
The drop is because of the nonattendance of one-off special dividends profits paid by DBS and Keppel Corporation.

Singapore’s stock profits are relied upon to pay $19.87b in all out profits for 2019 which is a – 2.8% YoY decline, as per a report by IHS Markit.

The fall was credited to the nonappearance of an erratic extraordinary profits declared by DBS Group Holdings (DBS) and Keppel Corporation which add up to $90m and $1.38b, individually.

“The huge three banks in Singapore keep on being the biggest profit benefactor and are anticipated to pay $7.13b in 2019,” IHS Markit said in its report. “While add up to profits from this area are set to fall in 2019 inferable from the nonattendance of the irregular specials paid by DBS not long ago, essentials stay vigorous and accord income gauges mirror a peppy search for the banks.”

The report additionally noticed how DBS played down concerns identifying with the effect of the exchange war while United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) are as yet expecting lodging credit development for the year to be around mid-single digit.

Then, Singaporean banks are likewise extending past Singapore to catch development openings around the area, IHS Markit noted. Combined with solid capitalisation and desires for an enlarging net intrigue edge over the present moment, the firm said it anticipates that the uplifting standpoint will mean higher profits going ahead.

“For the coming year, we are expecting the land division which is the second biggest profit patron and retail part to pay higher profits for the third continuous year,” IHS Markit featured. “On the whole, property designers and land venture trusts are seto to pay $3.28b in profits.”

The retail division then again which is spoken to by the recently included constituent Dairy Farm International and Jardine Cycle and Carriage are anticipated to pay $396.9m and $496.2m, separately.

Japan, China, Hong Kong, Australia and Taiwan stay as the best five profit players in the locale, with twofold digit development rates anticipated from China and Hong Kong representing 80% of the anticipated development inside the district.

“APAC profits have delighted in positive development lately and we anticipate that the force will proceed in 2019,” the firm said in its report. “While exchange vulnerabilities cloud conclusions and could hamper development, we are anticipating that profits should be flexible and become humbly 2.3% to $759.73b (US$552.69b).”








  • It had to be one safe-haven or the other and the dollar triumphed at the expense of gold on Friday as signs of slowing growth in China sparked risk aversion across the globe. A contrarian trade to bullion, the dollar hit 19-month highs after Beijing’s weakest retail sales performance in 15 years and smallest industrial output in almost three years cast doubts about demand in the No. 2 economy.
  •  U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November. Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873, the lowest since mid October, General Electric Co’s (N:GE) Baker Hughes energy services firm said in its closely followed report on Friday.
  • Brazil is prepared in the event China removes tariffs on U.S. soy, which had driven down prices for the oil seed in Chicago and driven up the premiums over U.S. prices paid for Brazilian beans, outgoing Agriculture Minister Blairo Maggi said on Friday. Maggi, who will step down when President-elect Jair Bolsonaro takes office Jan. 1, said removing the tariffs would lead prices in Chicago and Brazil to converge and bring greater predictability to the soy market that would benefit Brazilian farmers.



  • The United States won a legal battle over “dolphin safe” tuna-labeling on Friday, when the World Trade Organization’s appeals judges dismissed Mexico’s argument that the U.S. labeling rules violated WTO rules. More than 10 years after the dispute first came to the WTO in October 2008, the WTO ruling ended Mexico’s claim that U.S. labeling rules unfairly penalized its fishing industry.
  • The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property. The change was made in a Federal Register filing from a previously scheduled effective date of Jan. 1, 2019 for the increase to 25 percent from 10 percent.
  • As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. On Friday, the small-cap S&P 600 Index (SPCY) fell 1.6 percent to mark a 20.05 percent decline from its Aug. 31 closing high. A drop of 20 percent or more from a record or long-standing high closing level is the typical definition of a bear market.

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