Top Reads of The Week 14/10/23
Top Reads of The week
Are Singapore Bank Stocks Worth Investing In?
I make the case that Singapore Banks Stocks (DBS, UOB & OCBC) are reasonably valued. With dividend yields of 5%+, they offer the potential for 10% annual returns down the road.
Hong Kong Wealth Firms’ Gloom Spreads With Drop in Assets
Wealth managers in Hong Kong are becoming more pessimistic after a significant drop in assets.
OCBC Private Bank to Add Headcount to China Business Despite Slowing Economy
Oversea-Chinese Banking Corp's private banking unit plans to continue expanding in China despite the economic downturn. They see long-term opportunities as wealth grows in China
Be prepared for 7% interest rates, warns Jamie Dimon
JPMorgan Chase CEO Jamie Dimon warns that interest rates could rise as high as 7%, which would significantly impact consumers and businesses. He advises companies to brace themselves and build up cash reserves.
Hong Kong Developers’ $56 Billion Rout May Deepen as Risks Mount
Hong Kong property developers have suffered massive losses totaling $56 billion in market value this year due to rising mortgage rates, worsening home affordability, and concerns over Xi Jinping's economic policies in China. Valuations are at all time lows and worth a look.