SINGAPORE (Nov 20): CIMB Research believes all could be well for Singapore companies in 2018, after earnings upgrades continued for the sixth consecutive quarter in 3Q17 despite more misses than beats.

“Singapore will do well when the world does well. If the latest monthly global purchasing managers' index (PMI) is of any guide, the global economy started 4Q 2017 on a strong footing,” says lead analyst Lim Siew Khee.

“For export-oriented Asia, and especially Singapore, these ‘soft’ data are supportive of ‘hard’ data growth in the coming months, in terms of industrial output and exports growth,” she adds... (Click here to read the full story.)