by David Donora, Head of Commodities, Threadneedle Investments Institutional investors have increased their exposure to commodities significantly over the past 10 years for several reasons. Commodities have provided excellent long-term investment returns, significantly outperforming equities. Historically, commodities are uncorrelated with equities and negatively correlated with bonds and thus provide...
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ARA Asset Management (BUY; Target Price: S$1.68) ARA’s FY11 net profit was up 7 per cent YoY to S$68.2m, in line with expectations. ARA’s FY11 revenue of S$122.8 million was slightly ahead of market and our expectations. Excluding a mark-to-market loss of S$6.1 million on the Suntec REIT acquisition...
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Eiffel Tower taken by amateur photographer Eiffel Tower taken by professional photographer Escorted tour operator Insight Vacations recently launched two exclusive tours set to depart in August: Rome to London in Focus and A Snapshot on Europe. Each tour group will be accompanied by a professional photographer...
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Cafédirect Kilimanjaro Roast & Ground (left) and Cafédirect Kilimanjaro Whole Beans (right) British hot drinks company Cafédirect has introduced new coffee products from Tanzania to Singapore. Using Arabica beans grown 1,000 metres to 2,000 metres above sea level on the slopes of Africa’s highest mountain, Mount Kilimanjaro, Cafédirect Kilimanjaro...
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CapitaMalls Asia (BUY; Target Price: S$1.95) CapitaMalls Asia (CMA) has acquired the remaining 73.71 per cent stakes in three malls from CapitaMalls Japan Fund (CJF), in which it has a 26.29 per cent stake. The acquisition price was S$217.4 million – a 16.9 per cent discount to their latest...
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Source: HealthDay News A sweetener used in many organic foods may be a hidden source of arsenic, new research suggests. Researchers at Dartmouth College also note that the sweetener, organic brown rice syrup, is found in some infant formulas. Their report appears in the February 16 issue of Environmental...
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Source: Reuters Diet soda may benefit the waistline, but people who drink it every day may have a heightened risk of heart attack and stroke, according to a new US study. Although the researchers, whose work appeared in the Journal of General Internal Medicine, found that older adults who...
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Singapore Budget 2012 Assessment (OCBC Investment Research) Transport Sector: Boosting bus capacity About 800 buses will be added over a five-year period via a S$1.1-billion fund. We view this as positive for SMRT (BUY, FV: S$2.04) and ComfortDelgro (unrated) as recent performances of their bus segments have seen declining...
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LMA International N.V. Chris Lee has been appointed as Deputy Group CEO wef March 1. Work experience: President (Europe, Middle East and Africa), Ethicon Japan Foods Holding Limited Liew Kian Er (Kenneth) has been appointed as Chief Financial Officer wef March 1. Work experience: Financial Controller, Japan Foods Holding...
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Source: Reuters Amazon.com Inc is dipping its toes into the physical world as the largest online retailer offers more products in stores that may benefit from hands-on interaction with shoppers. Analysts said the move may be inspired by the success of Apple Inc, which has hundreds of its...
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