S’pore SMEs generally positive about business outlook, eyeing China’s reopening

The Straits Times2023-01-20

SINGAPORE - Small and medium-sized enterprises (SMEs) in the Republic are generally positive about their business outlook in the near term, according to an index compiled by OCBC Bank that was ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2304981707?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-20 16:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2304981707","market":"sg","top_or_hot":-1,"title":"S’pore SMEs generally positive about business outlook, eyeing China’s reopening","media":"The Straits Times","content":"<div>\n<p>SINGAPORE - Small and medium-sized enterprises (SMEs) in the Republic are generally positive about their business outlook in the near term, according to an index compiled by OCBC Bank that was ...</p>\n\n<a href=\"https://www.straitstimes.com/business/s-pore-smes-generally-positive-about-business-outlook-eyeing-china-s-reopening\">Source Link</a>\n\n</div>\n","source":"straits_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S’pore SMEs generally positive about business outlook, eyeing China’s reopening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS’pore SMEs generally positive about business outlook, eyeing China’s reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-20 16:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/s-pore-smes-generally-positive-about-business-outlook-eyeing-china-s-reopening><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - Small and medium-sized enterprises (SMEs) in the Republic are generally positive about their business outlook in the near term, according to an index compiled by OCBC Bank that was ...</p>\n\n<a href=\"https://www.straitstimes.com/business/s-pore-smes-generally-positive-about-business-outlook-eyeing-china-s-reopening\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001689.USD","symbol_name":"施罗德亚洲成长股票","start_time":0,"source_url":"https://www.straitstimes.com/business/s-pore-smes-generally-positive-about-business-outlook-eyeing-china-s-reopening","article_id":"2304981707","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"https://www.straitstimes.com/business/s-pore-smes-generally-positive-about-business-outlook-eyeing-china-s-reopening","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2304981707","pubTimestamp":1674203186,"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE - Small and medium-sized enterprises (SMEs) in the Republic are generally positive about t","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001689.USD":"施罗德亚洲成长股票","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0048573645.USD":"富达东盟基金","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU0181495838.USD":"施罗德新兴亚洲A Acc","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6112":"综合性银行","SG9999002406.SGD":"利安新加坡信托基金","SG9999001127.SGD":"United Singapore Growth Fund SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK6516":"银行与投资服务概念","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6523":"ESG概念","SG9999013478.USD":"利安新加坡股息基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","O39.SI":"华侨银行","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD"},"translate_title":"新加坡中小企业普遍看好商业前景，关注中国重新开放","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"O39.SI":0.9},"content_text":"SINGAPORE - Small and medium-sized enterprises (SMEs) in the Republic are generally positive about their business outlook in the near term, according to an index compiled by OCBC Bank that was launched on Thursday.\nThis index gave the business outlook for SMEs in 4Q 2022 an overall reading of 50.2 points, remaining slightly expansionary for the eighth consecutive quarter. This was a slight dip from 51.9 registered in the third quarter in 2022. \nA reading over 50 indicates improved business health for SMEs, while one below 50 suggests a deterioration relative to the same period a year earlier. \n\n\n\nOCBC first released the index in 2021, and publishes the data after every quarter. \nOCBC, which serves around half the SMEs here, compiles the index from data supplied by more than 100,000 firms with up to $30 million in annual turnover. The index is based on a composite of six indicators - collections, payments, cash flow, credit and debit transactions and balances of OCBC’s SME customers.\nAccording to the index, growth was mixed across industries. Business services, building and construction, food and beverage, and manufacturing led the growth in the last quarter of 2022 while externally oriented sectors such as transport and logistics, wholesale trade, and information and communications technology (ICT) were dragged down by weaker global demand. \n\n\n\n\nThe weakening global economy and growing inflation dampened the performance of trade-dependent industries, the report noted.\n\nThe index is likely to stay unchanged within a narrow range or ease slightly in the first quarter of 2023 as global macro risks remain. \nMr Linus Goh, head of global commercial banking in OCBC Bank, said on Thursday: “In the midst of growing macro headwinds, the OCBC SME Index remained expansionary for the eighth consecutive quarter in 4Q 2022. SMEs are quite optimistic about the outlook for the first half of 2023 and are closely watching China’s re-opening to guide expectations in the second half.”\nThe business services sector saw robust performance and was driven by expansion in the advertising and exhibition segments, due to the line-up of Mice events in the fourth quarter of last year. \nThe food and beverage sector also expanded steadily, benefitting from the continued rebound in international visitor arrivals and sustained domestic demand. \nFor the first time, OCBC also conducted an SME business outlook poll, aimed to understand how business owners fared in recent months, their business outlook, and key challenges they are likely to face in the next six months. More than 2,000 responses were collected during the survey period of Nov 28, 2022 and Jan 4, 2023. \nBased on the poll, SME owners were generally positive about the business outlook in the near term, ahead of Chinese New Year festivities. \nSome 47 per cent of the companies expect an improvement in their business over the first half of 2023, while 38 per cent expect their performance to remain the same. Only 15 per cent expected a decline in performance. The SMEs with higher growth expectations were in business services, building and construction, education, and ICT.\nIn the poll, 27 per cent of the SME business owners also said they expected manpower shortages to remain a major challenge.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2304981707"}