[caption id="attachment_2995" align="alignright" width="150" caption="Photo by Matthew Clark Photography"][/caption]

...but I am more interested in the electronics data

On a month on month basis, industrial production declined by 23.4 mainly because Biomedical grew only at 29.8% from more than 100% in May 2010.  More details can be found at the EDB website here. Back to electronics - this is important to me because 40% of my Stock Picks are electronics/technology stocks.  The electronics data for June 2010 expanded by 46.8% - led by a 74.9% rise in semi-conductor equipment.  data storage declined by 9.4% mainly from the relocation of capacity out of Singapore.   I remain bullish on the electronics and technology sector - although some moderation of the heady growth in the first half of 2010 is expected in the second half of this year.  In a recent investment seminar, our analysts reviewed the electronics sector and recommended nine stocks in the sector (four more than in my Stock Picks).  Read the slides and understand what factors are driving electronics and also the downside.  The rerating and rebound in the US markets over the last few days has been on the back of the Q2-2010 reporting season.  I believe the same will drive the Singapore market and in particular the electronics stocks higher.  Broadway results are due this Wednesday.....keep an eye out for them. Read more...