Latest news with #NikkoAssetManagement
Bloomberg
28-04-2025
- Business
- Bloomberg
Ukraine-Russia War: Trump, Zelenskiy Rome Meeting; Trump Rebukes Putin
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Asia shares had a modest start to the week as investors await progress in US trade negotiations with the region. Investors will focus on key economic data, US jobs and GDP data out later this week, and the Bank of Bank of Japan's rate decision to see if the recent steadiness in markets will continue as tariff tensions tamp down. Meanwhile, Ukrainian President Zelenskiy says he's hopeful for a 'reliable and lasting peace' after meeting one-on-one with Donald Trump in Rome during Pope Francis' funeral. Today's Guests: Naomi Fink, Chief Global Strategist at Nikko Asset Management & Evolve Dynamics CEO Tom Redman (Source: Bloomberg)
Malay Mail
28-04-2025
- Business
- Malay Mail
GE 2025: How markets and investors are preparing in Singapore
SINGAPORE, April 28 — Assurances of policy continuity and economic support will be critical for investors ahead of Singapore's general election as markets face pressure from US-imposed tariffs. According to Bloomberg, Saturday's vote could boost shares of domestically-driven companies in sectors like retail, construction, and infrastructure due to potential policy support. The Singapore dollar may also strengthen, as it typically trends higher during election periods, according to DBS Bank Ltd. The stakes are high for the city-state as trade uncertainty threatens an economic slowdown and deepens cost-of-living concerns among voters. Since peaking in March, the benchmark Straits Times Index has fallen about 4 per cent, lagging behind a broader regional gauge. Investors will closely watch how policymakers respond to global headwinds and whether they introduce timely fiscal interventions. 'Should global conditions deteriorate, the Singapore government has a track record of timely fiscal intervention to buffer the economy,' Kenneth Tang of Nikko Asset Management, was quoted saying. Such measures could include job protection, wage support, and investments in infrastructure to counteract negative sentiment and reduced business confidence, Tang added. Sectors that benefited from Singapore's February budget announcement, which included household handouts and green energy incentives, are expected to perform well. Retailer Sheng Siong Group Ltd. and companies in construction and infrastructure may see gains from public transport and coastal flood protection projects.
Yahoo
24-04-2025
- Business
- Yahoo
Singapore's high-yield stocks gain from tariff-induced flight to safety
By Sameer Manekar (Reuters) -As reverberations from U.S. President Donald Trump's tariffs are felt across markets, investors are increasingly gravitating toward Singapore's high-yield, defensive companies, including telecom firms, pivoting away from old favourites such as banks. Singapore's benchmark index has proved resilient in the face of the back-and-forth tariff salvos, eking out a small gain for the year and faring better than regional peers as investors hunt for safe bets during the market tumult. "Singapore is a high-yield market, which is going to be interesting and defensive in these times," said Kenneth Tang, senior portfolio manager at Nikko Asset Management. "It has characteristically been a lot more defensive and yield focused, and that will work in its favour." Singapore's telecom, industrials, and utilities stocks - viewed by investors as defensive sectors during extreme volatility - have become hot favourites, attracting the most institutional money in the last two weeks. Telecommunications firm Singtel pulled in S$343.6 million ($261.6 million) in the past two weeks alone from institutional investors, more than the S$297 million it received in the first three months of the year, exchange data showed. That compares with S$259 million net institutional outflows from the three Singapore banks - DBS, OCBC, and United Overseas Bank - over the last two weeks, and combined outflow of S$2 billion this year. Financials comprise nearly half the Straits Times Index and powered the market surge in 2024. But the three big banks have underperformed the broader market this year due to worries over a slowdown in earnings growth and macroeconomic headwinds. In contrast, Singtel has gained more than 22% this year and was last near an eight-year high, while ST Engineering has advanced 54% to record highs. The tariffs have refocused investors' attention on Singapore equities - previously overlooked due to limited growth prospects - for their high capital returns, alongside the city-state's stable political environment, steady currency and deep fiscal reserves that can help it weather trade headwinds. "A lot more corporations are paying out even more yields or more dividends, and that is a perfect narrative at a time when there is a flight to safety and investors are focusing more on the certainty of income," Tang said. Foreign investor interest, as reflected by the BlackRock-managed iShares MSCI Singapore ETF, has also returned, though it remains far below where it was before Trump's April 2-tariff announcements. Singapore stocks have risen more than 14% in the past two weeks and clocked an eight-session rally, following a sharp drop in the immediate aftermath of the reciprocal tariffs announced in early April. The dividend yield of Singapore stocks was at 4.93, higher than the yield for Malaysian and Thai equities, LSEG data showed. ($1 = 1.3135 Singapore dollars)
Reuters
24-04-2025
- Business
- Reuters
Singapore's high-yield stocks gain from tariff-induced flight to safety
April 24 (Reuters) - As reverberations from U.S. President Donald Trump's tariffs are felt across markets, investors are increasingly gravitating toward Singapore's high-yield, defensive companies, including telecom firms, pivoting away from old favourites such as banks. Singapore's benchmark index has proved resilient in the face of the back-and-forth tariff salvos, eking out a small gain for the year and faring better than regional peers as investors hunt for safe bets during the market tumult. "Singapore is a high-yield market, which is going to be interesting and defensive in these times," said Kenneth Tang, senior portfolio manager at Nikko Asset Management. "It has characteristically been a lot more defensive and yield focused, and that will work in its favour." Singapore's telecom, industrials, and utilities stocks - viewed by investors as defensive sectors during extreme volatility - have become hot favourites, attracting the most institutional money, opens new tab in the last two weeks. Telecommunications firm Singtel ( opens new tab pulled in S$343.6 million ($261.6 million) in the past two weeks alone from institutional investors, more than the S$297 million it received in the first three months of the year, exchange data showed. That compares with S$259 million net institutional outflows from the three Singapore banks - DBS ( opens new tab, OCBC ( opens new tab, and United Overseas Bank ( opens new tab - over the last two weeks, and combined outflow of S$2 billion this year. Financials comprise nearly half the Straits Times Index (.STI), opens new tab and powered the market surge in 2024. But the three big banks have underperformed the broader market this year due to worries over a slowdown in earnings growth and macroeconomic headwinds. In contrast, Singtel has gained more than 22% this year and was last near an eight-year high, while ST Engineering ( opens new tab has advanced 54% to record highs. The tariffs have refocused investors' attention on Singapore equities - previously overlooked due to limited growth prospects - for their high capital returns, alongside the city-state's stable political environment, steady currency and deep fiscal reserves that can help it weather trade headwinds. "A lot more corporations are paying out even more yields or more dividends, and that is a perfect narrative at a time when there is a flight to safety and investors are focusing more on the certainty of income," Tang said. Foreign investor interest, as reflected by the BlackRock-managed iShares MSCI Singapore ETF , has also returned, though it remains far below where it was before Trump's April 2-tariff announcements. Singapore stocks have risen more than 14% in the past two weeks and clocked an eight-session rally, following a sharp drop in the immediate aftermath of the reciprocal tariffs announced in early April. The dividend yield of Singapore stocks was at 4.93, higher than the yield for Malaysian (.KLSE), opens new tab and Thai (.SETI), opens new tab equities, LSEG data showed. ($1 = 1.3135 Singapore dollars)
Bloomberg
21-04-2025
- Business
- Bloomberg
Hard to Find One Asset That's the Magic Bullet in This Market, Nikko AM Says
Naomi Fink of Nikko Asset Management says it's "hard to find certainty" in the current environment since President Trump's trade negotiations could result in several possible outcomes. According to Fink, there's no "one asset that's just the magic bullet." She recommends portfolio diversification to insulate "from the worst of the declines," and suggests looking at Asian economies that can stimulate domestic demand. (Source: Bloomberg)
