NRA9.13

PKBasu-1PK Basu, chief strategist, REAL-economics.comPhotos by Joel Ng & Kelvin Ong / NRA Capital

THERE WAS A strong turnout of 400-500 investors at a seminar organised by NRA Capital over the weekend at the Singapore Conference Hall.

PK Basu, chief strategist of an independent economics consulting firm, REAL-economics.com, spoke on global economics. 

Senior management from 3 Singapore-listed companies subsequently presented:

> Dr Prem Nair, chief corporate officer of Raffles Medical,

> Wong Teek Son, executive chairman of Riverstone Holdings, and Lim Sing Poew, CFO of Riverstone Holdings, and

DrPremKumarNairDr Prem Kumar Nair, chief corporate officer, Raffles Medical.> Koh How Thim, executive director of JEP Holdings.

We recently had articles on Riverstone and JEP, as follows:

RIVERSTONE: Ramping Up Production Capacity Massively In Taiping

JEP HOLDINGS: Flying Higher On Orders From Aerospace And Oil & Gas Clients

WongTeekSon.nra9.13Wong Teek Son, executive chairman, Riverstone HoldingsThe highlight of the day was NRA Capital executive chairman Kevin Scully giving his half-hour take on a range of drivers for equities, especially the Singapore stock market.

Click on the image at the bottom of this page for NextInsight's audio recording of his presentation. 

Kevin's thesis is that a bear market for emerging markets is about to take shape -- but the US market is poised to strengthen.

"We have been in a bull market  since March 2009, and it looks like a tired old emerging market bull with 6 to 9 months left," he said.

SPLim-NRA9.13Lim Sing Poew, CFO, Riverstone HoldingsThe bear will emerge with rising interest rates and the end of Quantitative Easing 3.

Then, 10-year US Treasury yields will rise -- when they reach 4-5% (compared to 2.64% recently), the fair price-earnings ratio for equities is about 13 times.

Sector-wise, Kevin said that semi-con equipment is seeing a recovery in H2-2013, which will benefit players such as AEM and Asti.

He is underweight on Singapore banks and property developers.

JEP_kohhowthim.nraKoh How Thim, executive director, JEP HoldingsAs for the defensive healthcare sector, "you are likely to find undervalued healthcare companies when you shift your focus to the smaller companies."

Singapore telcos are also a good defensive sector to be in but wait for a 10% correction in stock prices to find value.

Singapore REITs – expect more correction but a buying opportunity awaits.

Overweight the oil and gas sector -- rig builders and OSVs charters are favoured.

KevinScully.9.13Kevin Scully, executive chairman of NRA Capital.Kevin's Powerpoint materials can be viewed at the NRA website.

You may wish to retrieve the Powerpoint slides and click on the audio recording below to follow his presentation in an optimal way. Enjoy! 




You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings2.480-0.020
Best World2.4700.020
Boustead Singapore0.955-0.005
Broadway Ind0.1390.012
China Aviation Oil (S)0.9500.010
China Sunsine0.410-
ComfortDelGro1.480-
Delfi Limited0.9250.005
Food Empire1.360-
Fortress Minerals0.320-
Geo Energy Res0.325-0.010
Hong Leong Finance2.490-
Hongkong Land (USD)2.990-0.050
InnoTek0.5350.025
ISDN Holdings0.3100.005
ISOTeam0.0410.001
IX Biopharma0.052-
KSH Holdings0.250-
Leader Env0.049-0.001
Ley Choon0.044-0.001
Marco Polo Marine0.0690.003
Mermaid Maritime0.1470.010
Nordic Group0.365-
Oxley Holdings0.090-
REX International0.1460.002
Riverstone0.760-0.010
Southern Alliance Mining0.485-
Straco Corp.0.4950.005
Sunpower Group0.220-
The Trendlines0.070-0.002
Totm Technologies0.025-
Uni-Asia Group0.820-
Wilmar Intl3.5400.010
Yangzijiang Shipbldg1.770-0.050
 

We have 1265 guests and no members online

rss_2 NextInsight - Latest News