Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Pacific Internet Next HOT IPO? -- Ignore unavailable to you. Want to Upgrade?

To: BomboochaBoy who wrote (483)	4/11/1999 1:48:00 PM
From: chirodoc	Respond to of 912

Asia is on the recovery.....net should lead the way imho and singapore is one of leaders. i have been buying since low 40's and may still add but will save some powder for the consistent sell off in the summer (may-august?) UPTURN IN Q1 GLOBAL ELECTRONICS CYCLE AMONG SIGNS, SAYS TONY TAN By WALTER FERNANDEZ THE news from the top has just become better -- this year could well see Singapore's economy grow by more than 1 per cent. This new official estimate was spurred by signs of a tentative recovery in the first quarter brought on by an upturn in the global cycle for electronics -- a crucial sector for Singapore. Economic growth this year "could well be higher" than the Government's earlier forecast in February of -1 to 1 per cent, Deputy Prime Minister Tony Tan told businessman yesterday. Among the reasons for his optimism was the fact that industrial production rose an average of 6.1 per cent in January-February. And the composite leading index, which leads economic activity by about nine months, continued to pick up momentum in the final quarter of last year. There are, however, provisos for the improved growth forecast -- no serious disturbances in the region, and if the United States' economic growth remains strong, said Dr Tan. His bullish comments about Singapore are in line with the latest estimates of at least four financial institutions, such as Credit Suisse First Boston and OCBC Investment Research, which have put 1999's growth at between 1.5 and 3 per cent. As for the region, Dr Tan noted in his speech at an American Chamber of Commerce conference that sentiment is gradually but steadily improving as economies began to bottom out of their economic troughs. He was also confident that Asia "has wind for a second run" and will emerge stronger and more attractive for business, although the recovery would not be without pain and, possibly, economic and social dislocations. Recovery signs include: Asian exchange rates have appreciated 10 to 15 per cent since mid-1998, interest rates have eased over 200 basis points, industrial production and consumer confidence are both up. Add to this the fact that Asia is one of the largest markets in the world; its savings are among the highest in the world, averaging 36 per cent compared with 17 per cent in the US; and production costs remain very attractive.