StockTalk(7.31): Singapore's business outlook improves for next 6 months - Is it the silver lining?
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According to separate quarterly surveys, manufacturers and services firms in Singapore feel more optimistic about business conditions in the next six months. A net weighted balance of 6% of manufacturers is optimistic from July to December, compared to 2% in the previous quarter.
Meanwhile, a net weighted balance of 8% of services firms is optimistic, up from 4% in the last survey. Sentiments were mixed among clusters, with transport engineering remaining the most favorable and biomedical manufacturing the least optimistic. Overall, a net weighted balance of 6% of manufacturers expected higher output in Q3, and hiring expectations were slightly more elevated.
Overall, the survey results suggest that Singapore's manufacturers and services firms are feeling more positive about business conditions in the next six months, indicating a potential rebound in economic activity.
Based on these survey results, how do you feel about investing in Singapore's manufacturing and services sectors in the next six months? Are you optimistic or cautious? ![]()
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Starchin : Gst up .politics issue..gov lapse..what u think
Giovanni Ayala :
ZnWC : The survey will definitely increase confidence investing in manufacturing and service. But if you read the news (see link below), you'll realise there are still some firms express pessimism about business outlook in next 6 months.
Quote: "The net weighted balance is the difference between the weighted shares of positive and negative responses, with a positive figure indicating more optimism than pessimism."
Just about a month ago, private-sector economists downgraded their full-year economic growth forecast for Singapore to 1.4 per cent this year in a quarterly survey conducted by MAS. Gross domestic product (GDP) is expected to be weighed down by a contraction in the manufacturing sector. On the bright side, compared with the previous survey, the outlook for the construction as well as accommodation and food services sectors improved.
Personally I'll be cautious in investing in stocks related to manufacturing. Having said that, I'm still optimistic in investing in Singapore stocks in other sectors such as banking and aviation. Taking long position to buy at dip prudently and earn passive income from dividends will be my coming month investment strategy.
Source:
Singapore manufacturing, services business outlook more upbeat for next 6 months - The Business Times
Economists downgrade 2023 growth forecast to 1.4%, manufacturing set to shrink: survey - The Business Times
CasualInvestor : Higher interest rates, rising prices, property doubled from a few years ago (HDB 5rooms was $500k-600k now >$1mil). while income remains low for the majority. Altogether spells like trouble ahead.