Speaker: Mr. Paul Chew (Head of Research) - Phillip Securities Research Pte Ltd
Mr. Jeremy Teong (Investment Analyst, Banking & Finance) - Phillip Securities Research Pte Ltd
Mr. Tan DeHong (Investment Analyst, Property & REITS) - Phillip Securities Research Pte Ltd
Date: 19 January 2018, Friday
Time: 12.30pm – 1.30pm
Venue: Phillip Investor Centre, Marine Parade
2017 kicked off with exuberance over the Trump reflation trade, matched by angst over the EU’s with looming elections and the populist wave. Over in Singapore, the outlook was tepid, at best. Consensus expectations for GDP in 2017 was a sombre 1% to 2%. This was warranted as most indicators were languishing.
However, as the years progress, it became more evident an economic recovery is underway, trending far better than expected. Global economic growth reached a several years’ high, accompanied by low inflation. Such conditions ignited the performance of cyclicals, in particular electronics.
Another notable event in Singapore was the relaxation of property measures in March. Initial market response was lukewarm, but as the months ploughed on, pent-up demand started to fuel primary and secondary private residential sales. Sales surged to a four-year high and averaging 2300 units per month, up 36% from a year ago.
The cyclical uplift for Singapore is well and underway. We are enjoying the best growth rates in five years. For investors, the crucial question is the longevity of this expansion. We used several indicators to give us a peek into the near term.
Join us for a review of what happened in the various sectors in 2017 and our outlook for 2018. During the seminar, Phillip Research Team will also present the Phillip Absolute 10 – our top 10 picks for dividend yield, earnings growth, and re-rating plays.
Video - https://www.youtube.com/watch?v=h6VOHtvHGqk&t=8s
Topics we cover:
Macro outlook globally and Singapore.
Our STI target for 2018 and how we derived it
Update on the 11 sectors in Singapore we cover and which we favour
Phillip Absolute 10 – our top 10 stock recommendations for absolute return
Availability for this seminar is on a first-come-first-served basis. For enquiries, please contact us at 6812 1577 or email to firstname.lastname@example.org.
Friday, 19 Jan, 2018
Phillip Investor Centre - Marine Parade
80 Marine Parade Central #01-782 Singapore, 440080