Daniel chan presentation on 22 may 2010

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Transcript

  • 1.
    • Panel Discussion
    • Investment Opportunities in 2H 2010 and beyond:
    • Singapore, Asia and Global Markets
    • Daniel Chan
  • 2. UNPRECEDENTED FISCAL STIMULUS POST GFC
  • 3. Deleveraging Process Not Over Yet
    • US Household Debt as % of Disposable Income still elevated.
    • At its peak (2008) was close to 140%.
    • Build up of debt took place over nearly 3 decades starting in early 80’s from only about 60%.
    • Today the ratio is still well over 120% which is still far too high historically.
  • 4.  
  • 5.  
  • 6.  
  • 7. PUBLIC SECTOR DEBT WORRIES
  • 8.  
  • 9.  
  • 10.  
  • 11. COMPETITION FOR SAVINGS
  • 12.  
  • 13.  
  • 14.  
  • 15. IMF Resources
  • 16. Asian Asset Bubbles Taiwan – Property Prices
  • 17. China - Property prices
  • 18.  
  • 19. GDP Growth vs Central Bank Rate
  • 20. US Housing
  • 21. ROBERT SHILLER CYCLICALLY ADJUSTED PE RATIOS
  • 22.  
  • 23.  
  • 24.  
  • 25.  
  • 26.  
  • 27.
    • Stimulus withdrawal/fade
    • Need for fiscal tightening in US, UK and Europe, China slowdown
    • European recession
    • US job creation
    • Unfunded liabilities
    OUTLOOK
  • 28.  
  • 29.  
  • 30.  
  • 31. STI- Testing Support
  • 32. Disclaimer
    • Lion Global Investors Limited (“Lion Global Investors”) (UEN/Registration No.: 198601745D) is a company incorporated in Singapore and a member of the OCBC group.
    • The information provided in this presentation may contain opinions, views, projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies. Investors must make their own assessment of the relevance, accuracy, adequacy and reliability of the information provided in this presentation and make such independent investigations as they may consider necessary or appropriate for the purpose of such assessment. Any opinion, view or estimate provided in this presentation is solely the author’s own, was made on a general basis and is not to be relied on by investors as advice. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of investors acting on any information, view, opinion, projection or estimate provided in this presentation. Lion Global Investors reserves the right to make changes and corrections to any of the aforesaid at any time, without notice.
    • This presentation is for information only and does not constitute an offer, invitation, solicitation or recommendation for the purchase or sale of any security or to take part in any investment arrangement. The information contained herein is confidential and must not be published, circulated, reproduced or distributed in whole or part to any other person without the written consent of Lion Global Investors, and is not intended for use by any other person other than the intended recipient (except the intended recipient’s professional advisers for the purpose of advising the intended recipient hereon). This publication is not permitted to be transmitted into any jurisdiction or to any person where any offer, invitation, solicitation, recommendation or the receipt of this presentation is prohibited. 
    • This presentation is not intended to provide specific investment, tax or legal advice or to make any recommendations about the suitability of any investment for any particular investor. No consideration has been given to the specific investment objective, financial situation and particular needs of any specific person, and the information herein should not be used as a substitute for any form of advice. Investors should seek its own independent financial, legal, regulatory, tax or other advice before acting on any information contained herein.
    • © 2010 Lion Global Investors Limited. All rights reserved. LION GLOBAL INVESTORS is a registered trade mark in Singapore and other countries. Lion Global Investors Limited is a Singapore incorporated company, and is not related to any corporation or trading entity that is domiciled in Australia, Europe or the United States (other than entities owned by its holdings companies).