SIA has net profit increased about 50% and DBS has better than expected profit increasing of 32%.
However SIA has one time gain from selling one of its buildings, otherwise, the profit is decreased actually for the Q2. The oil price has just came down recently from as high as 78 to about 60 now per barrel. If you want to own an airline company, this is the one.
DBS is a good banchmark of Singapore economy. Thus, the economy is very rosy. From yesterday's news, the industrial output is up about 7%.
The rental and central part properties is up about 2.5%.
It is very interesting how the market will perform this time. There is no exciting factor such as the Dot Com that made everyone's blood hot.
I just feel, that this bull is really based on the market fundametal at the moment. Does it mean that the market stil has a long way to go to its top?
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