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By Puah Soon Lim
It is that time of the year where we pay attention to what the Budget will bring to the investor. There are many analysts who scramble to put out research report to try to translate the slew of adjustments to taxes and government scheme into how it will benefit specific industry and individual company.
Here is my attempt at interpreting the three most important things investors need to know about the Budget 2018:
1. Impact on stock market
Do not think that the $700 million bonus is going to affect the price of your stocks in any way. There was quite some analyst who thinks that the baby bonus handout of $700m is going to affect consumer plays like Genting Singapore, Sheng Siong, Dairy Farm International, Jumbo Group, Courts and FJ Benjamin. I am skeptical that it will create much of an impact. Just imagine the $700 m being distributed onto the revenue of these retail consumer play. It is really a drop in the ocean. There are simply too many...
By Puah Soon Lim
7 Oct 2017 was the date that I sent out the last copy of The Eggs N Tennis Balls Newsletter. I started this newsletter in the year 2013 on the urging of my clients who have been receiving them on a weekly basis. The intention then was to reach out to all those who followed me in my talks to quickly and easily get up to speed with what is happening in the financial market without following the news in the financial press. One could just spend a glance at the market barometer in the newsletter and quickly know whether this week’s market is in advancing mood or declining mood.
There was a summary of the market and a quote and a picture of the week segment. I told my newsletter subscribers that just by spending five minutes to go through my newsletter would keep them informed of the events that have unfolded in the week. I also included links to articles which I have come across during the week which I felt would be beneficial to...