Market Review and Trends
Brexit – which are the companies most exposed to UK? (15 Jun 16)
By Ernest Lim's investing blog  •  June 15, 2016
Dear all At the time of writing this article, STI has tumbled 121 points, or 4.2% from an intraday high of 2,882 on 9 Jun 2016 to trade at 2,761 on 15 Jun 2016. With Brexit’s concerns hanging over the equity markets like a sword of Damocles, I believe it is apt to review which are the companies with significant exposure to UK. According to a UOB Kayhian report dated today, Ascott Reit, City Development, CDL Hospitality, Comfort Delgro, Fraser Hospitality Trust, Ho Bee and SembCorp Industries were cited as companies with significant exposure to UK. (See Table 1 below) Table 1: Companies with significant exposure to UK Some of the aforementioned companies have already started to weaken amid Brexit concerns. For example, Comfort Delgro has dropped 4.7% from an intraday high of $2.76 on 9 Jun 2016 to $2.63 on 15 Jun 2016. Below is ......
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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