$CapLand China T (AU8U.SG)$$CityDev (C09.SG)$$Enviro-Hub (L23.SG)$$Jiutian Chemical (C8R.SG)$ China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. “We think t...
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China stimulus measures are a boost to companies with businesses there.
MiltonWong
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This is due to supposed covid effect on glove n medical stocks as seen on 2020; china is basically uninvestable for next 3 years due to geopolitical tensions n a spiraling deflation cycle
$Medtecs Intl (546.SG)$$Enviro-Hub (L23.SG)$$Riverstone (AP4.SG)$$Top Glove (BVA.SG)$ Major retailers are reporting a jump in the sale of items related to COVID-19 such as masks, ART kits, as well as cold and flu medicine, with figures ranging from a 20 per cent to a 50 per cent increase over the past few weeks. Guardian, Sheng Siong and FairPrice told CNA that they are working closely with suppliers to keep stores stocked with these items. Watsons said the surge in demand could ha...
Enviro-Hub Stock Forum
China’s yuan briefly rose to its strongest level in over a year on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy yesterday.
The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China’s onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May.
“We think t...
https://www.businesstimes.com.sg/companies-markets/malaysia-glove-maker-shares-surge-us-finalises-china-tariffs
The sudden spike in share price might mean the upcoming earnings should be quite good.
Another glove stock that is still cheap.
Next year rate cut will be good for small cap stocks regardless of fundamentals (profit or loss). This is my view.
Major retailers are reporting a jump in the sale of items related to COVID-19 such as masks, ART kits, as well as cold and flu medicine, with figures ranging from a 20 per cent to a 50 per cent increase over the past few weeks.
Guardian, Sheng Siong and FairPrice told CNA that they are working closely with suppliers to keep stores stocked with these items.
Watsons said the surge in demand could ha...
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