STI Market Outlook for the Week (10-14 Dec) ~ Stock Picks

Singapore Purchasing Managers’ Index (PMI), the November reading indicated that the manufacturing economy contracted for the 5th time after having previously recorded 2 months of continuous expansion. The PMI posted a reading of 48.8, which was a marginal increase of 0.5 point over the previous month. The contraction in the overall PMI was attributed to further decline in new orders, new export...