Singapore
THE upcoming earnings season will be greatly scrutinised by investors for clues on the extent of damage wrought by the ongoing trade war and the impact of the unrest gripping Hong Kong, though pundits said there are a few bright spots such as S-Reits (Singapore real estate investment trusts).
The tariff war between the world's two economic powerhouses has raged on for a year. When elephants fight it's the grass that suffers.
In the last earnings season, three in five companies listed on the Singapore Exchange (SGX) posted lower profits.
One quarter on, as firms gear up to report their financial results for the July-September period, the export-oriented sector is expected to turn in a lacklustre...