Saturday, January 12, 2008

When US sneezes,Asia now does not catch cold

It used to be when US sneezes, Asia catches cold but now it may not be true anymore.
Asian economies have become less dependent on US economy though tot completely immune to its changes.
Asia growth remained cautiously optimistic. Asia had increase in export diversification away from the US.
For singapore, there is still growth to be seen. Order book for construction companies have been soaring. Lian Beng has just reported that its profit has increase fourfold.
Occupancy rate for hotels in Singapore has been increasing and will be higher when the integrated resorts are ready.
Outlook for retail , telecommunication, transport sectors remain optimistic.
with the recent sell down, investors can buy in when there is fear and sell when the market recover and when greed take over investors.

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