It was only a question of time before one or more of the tightly-held companies listed on the Singapore market would decide to call it a day. And Osim International (SGX: O23) obliged by telling the market that it would take its bat and ball home at $1.32 a share.
The question that investors are now asking is who could be next. The Business Times has suggested some interesting names. They include Eu Yan Sang (SGX: E02), BreadTalk (SGX: 5DA) and The Hour Glass (SGX: E5P). If you can’t take the heat, then it might be time to leave the kitchen.
China has gone from a strutter to a stutter in less than half a decade. It has been a painful transition, as its economy moves from high-octane, export-led growth to moped-powered, consumer-driven expansion.
The latest trade numbers lay bare the massive challenges that lie ahead for the world’s second-largest economy. Exports plunged 25%, while imports slid 18.8%. It still managed to export more than it imported. But how long can that last?
It was only in February when Goldman Sachs predicted that oil could fall as low as $20 a barrel. But now, the investment bank is backtracking frantically. It even said, recently, that it has a six to 12 month target for Brent Crude within the $40 to $50 range. Pick a number, any number!
The European Central Bank chief, Mario Draghi, has for far too long over-promised and under-delivered. Pledges of “doing whatever is necessary” were starting to sound a little hollow.
But this week, Super Mario brought out his big bazooka. He cut interest rates to 0% and increased the amount of money that the ECB will pump into the Eurozone by a third from €60 billion to €80 billion. The market liked what they heard, then didn’t like what they heard, then liked what they heard. There is no pleasing some people.
And finally, a machine has taken its first step to a $1 million prize by beating legendary Go player, Lee Se-dol, in a five-game contest. It beat the South Korean player at the ancient Chinese board game not once but twice. The Artificial Intelligence machine, which was developed by Google, just needs to win one more of the remaining three games to claim the reward.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.