SATS reports fiscal 1Q net profit dropped 14 percent amid trade war pressures
SATS reported Thursday its fiscal first quarter net profit dropped 14.4 percent on-year to S$54.7 million amid amid trade uncertainty.
Trade War
Qian Hu’s 2Q19 net profit surged 62 percent despite dragon fish price war
Fish breeder Qian Hu reported Wednesday its 2Q19 net profit surged 61.6% on-year despite lower sales of pet fish, amid a boost from its edible fish segment.
BofA-ML survey: Fund managers step back from bearish brink, but jitters persist
Global fund managers were a tad less pessimistic, but they continued to fret over economic risks, the BofA-ML fund manager survey for July found.
Maybank KE: Rising risk of recession after trade war hits Singapore 2Q GDP
Maybank Kim Eng cut its outlook for Singapore economic growth Friday after second-quarter data came in worse than expected, with a rising recession risk.
How Temasek is girding its portfolio against the US-China trade war
Temasek’s portfolio has been buffeted by the U.S. trade war, and Singapore’s state-owned investment company said it’s carefully weighing its next steps.
Why Trump’s threats on Vietnam trade won’t stop manufacturers setting up shop
Trump may see Vietnam as another trade war target, but Taimur Baig, chief economist at DBS, said it likely won’t keep firms from setting up shop there.
Why the US trade war has become a never-ending game of whack-a-mole
Global markets may have heaved a sigh of relief after this weekend’s G-20 meeting in Japan, but the trade-war hostilities likely won’t end anytime soon.
Wilmar started at Buy by Maybank KE as a shelter against US trade war
“Fighting won’t stop you from eating,” the brokerage said in a note Friday.
Citi: For the trade war and equities, it’s not the economy. It’s the earnings
Investors should be watching the earnings impact of the trade war, Steven Wieting, chief investment strategist at Citi Private Bank, said Tuesday.