It notes this compares with its return expectation of about 15% for the STI. It says while rental growth expectation for most commercial segments remains positive and physical market transactions will continue to pick up, the potential supply in the equity market through primary and secondary issuances will keep unit prices in check.
CIMB in an Aug 10 research report says: “1Q11 earnings of $8.0 million (+7% y-o-y) were broadly in line with our expectations and consensus, forming 27% of the respective FY2010 forecasts. 1Q11 revenue of $67.9 million (+20% y-o-y) was slightly lower than our expectation due to lower-than-expected project recognition.
Singapore government’s 7%-9% 2010 GDP expectations may be too conservative, HSBC economist Robert Prior-Wandesforde says, according to Dow Jones.
Simon Johnson points out how hypocritical Summers and Geithner are:Some of the Treasury’s advice at the time was controversial — pressing South Korea to open its capital markets to foreign investors at the height of the crisis — but the broad app…
