Earlier this week, on 11 March 2024, I was invited for a short interview on Money FM 89.3, Singapore’s first business and personal finance radio station, by Chua Tian Tian, the co-host of the station’s The Evening Runway show. We discussed a number of topics, including:
- City Developments’ S$5.5 million share buyback on 8 March 2024 and the implications behind the company’s move (Hint: City Developments rarely conducts share buybacks, and this recent buyback happened at a time when the company’s price-to-book ratio is at 0.6, which is near a 10-year low)
- Rumours on a privatisation deal for Japfa from its controlling shareholders (Hint: Japfa’s business has historically been cyclical and it appears that its business results are picking up after a rough few years; at the same time, the company’s valuation looks really low on the surface)
- The improvement in Singapore’s business sentiment and what it means for Singapore-listed counters from the sectors with the most positive outlooks (Hint: A rising tide may not lift all boats)
- What would it take for the Chinese property market to rebound (Hint: Demand for Chinese properties is collapsing while Chinese property developers are facing severe financial strain, leading to even lesser demand for Chinese properties)
- What would a new Mario movie in 2026 mean for Nintendo (Hint: It’s likely to be a boon for Nintendo in the short run, but the long run impacts are less clear)
You can check out the recording of our conversation below!
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