The Week In Numbers: The Best Performing Market This Year

Changi Airport handled 58.7 million passengers last year. That was 5.9% more than in 2015. The airport operator also said that 23 December was the busiest day ever. It said 202,359 passengers passed through its gates on the Friday before Christmas. That could be good news for airport services firm SATS (SGX: S58).

President Donald Trump’s executive order that restricts travel to America from 7 Middle East countries could turn out to be good news for South East Asian holiday destinations. Tony Fernandes, CEO of AirAsia (KLSE: 5099.KL) said: “… it’s time for ASEAS to start making it easier for tourists to come.

The Straits Times Index (SGX: ^STI) has been one of the best performing indices in Asia this year. In the year to date, the Singapore benchmark index has gained 5.8%. It has outperformed Japan’s Nikkei 225 and the Malaysian KLCI. It did lag Hong Kong’s Hang Seng Index, though. Standout performers in the first 30 days include Global Logistics Properties (SGX: MC0),  City Developments (SGX: C09) and Sembcorp Industries (SGX: U96).

City eggheads are sceptical that higher interest rates will boost the Net Interest Margin for Singapore banks. The US Federal Reserve is expected to raise rates 3 times this year. They warn that slowing growth in the Singapore economy could cap the optimism for a rate boost. Let’s see what the banks have to say when they report in a fortnight’s time.

And finally, Snoopy and Charlie Brown could be put up for the sale. It has been reported that Iconix Brands Group is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to the cartoon-strip characters. But the lovable dog is unlikely to be cheap. Peanuts generated $30 million in earnings in the last 12 months.

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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. Motley Fool Singapore has recommended SATS.