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The Week In Numbers: Singapore Firms In Rude Health

According to The Business Times, 442 listed companies have posted full-year results.  They recorded a combined S$40.5 billion in group profits, which was 28.7% higher than last year. Additionally, 304 of those companies were in the black while 138 were in the red. That’s hardly a reason for doom and gloom.

Singapore companies with a market value of S$1 billion or more have gained 7.5% on average, so far this year. Some of the best performers include Sembcorp Marine (SSHX: S51), with a 47.1% gain, and Keppel Corporation (SGX: BN4), which has climbed 23.8%.

The Organisation for Economic Cooperation and Development (OECD) has warned that there is disconnect between financial markets and fundamentals. It said global growth should rise to 3.3% in 2017 from 3% last year. But it said potential market volatility, financial vulnerabilities and policy uncertainties could derail the modest recovery.

China imported more goods than it exported in February. That resulted in a trade deficit, which hasn’t been seen in three years. Imports surged 38.1% but exports fell 1.3%. Experts reckon that the unexpected reading was due to the long Chinese New Year vacation.

And finally, Singapore Exchange is thinking about bringing back the lunchtime recess. The proposal is up for consultation. If implemented, it could see Singapore fall in line with many other Asian bourses the have a recess for lunch.

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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.