Connie Tan Hui Ann is a producer for "Cash Flow," a two-hour daily investment program on CNBC Asia, broadcast "live" from CNBC's Asian headquarters in Singapore. Prior to joining CNBC, she worked in several TV news networks in Malaysia and Singapore, and briefly as a media relations specialist in Jakarta, Indonesia. She holds an M.A. in mass communications (Journalism) from Goldsmiths College, University of London.
China's second-largest mobile phone operator, China Unicom, posted a big jump in its first quarter earnings, helped by robust data demand, but one analyst tells CNBC he prefers the market leader China Mobile.
Growing calls from China's top officials on the need to step up reforms in the country's financial sector will likely boost mid-sized lenders, according to David Marshall, Senior Analyst for Asia-Pacific Financials at CreditSights.
While consumer confidence surged to a six-month high in Australia this week driven by a cut in interest rates, some Australian fund managers still unsure of what direction the markets will take, prefer to sit on cash.
India’s central bank surprised the markets on Tuesday, lifting interest rates by 50 basis points to 8 percent. The move marks India’s 11th rate hike since March 2010, as the Reserve Bank battles persistent inflation, which accelerated to 9.4 percent year-over-year in June.
Asian markets rallied on Thursday on China’s better-than-expected GDP numbers reassuring investors that the world’s second-largest economy was not headed for a hard landing, but a number of strategists and fund managers are still preferring to play it safe, shunning cyclical stocks for defensive plays.
Singapore has been attracting some large IPOs from Real Estate Investment Trusts (REITs) lately, but unfortunately for investors, the new listings haven’t dazzled on their debut.
March CPI is expected to rise more than 5 percent on year to touch a 32-month high, while retail sales, an indication of consumer spending, is forecast to rise 16.5 percent on year. This would mean inflation has not yet hit discretionary spending in China.