Covid-19 no longer a short-term headwind, could last over a year
THE worsening of the Covid-19 pandemic situation globally in April turned the idea that the virus-related volatility is a short-term one on its head.
At the start of April, many portfolio managers believed the novel coronavirus would pose a short-term headwind and offered a good opportunity to get into stocks at compelling valuations.
The prognosis turned bad in the span of a month, with analysts and fund managers now believing that the road to recovery will be longer than expected.
DBS analysts Yeo Kee Yan and Janice Chua f…
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece