“As price of risk assets improve, there are more pressures and temptations to reach out,” said Lim, 42, who previously oversaw GIC’s investments and relationships in Europe, Africa and the Middle East.
“Though valuations are not low currently, longer-term prospects are not to be missed,” he said.
Source: http://www.bloomberg.com/news/2013-05-21/gic-says-returns-on-stocks-and-bonds-to-lower-in-next-10-years.html
Although stock prices are not low at the moment, but quantitive easing in Japan and US as well as low interest rates around the world are spurring companies to grow and may cause a slight recovery in the global economy.
Some companies may still lack behind, but there are still opportunities present with the current high valuations.
Let me share with you one of the factors of growth in the oil and gas industry.
the Obama administration apparently supports the expansion of the natural gas industry and the controversial technology of hydraulic fracturing.
Source: http://communities.washingtontimes.com/neighborhood/climatism-watching-climate-science/2013/may/22/obama-administration-supports-fracking-and-natural/
From Hiap Seng's 3rd Quarter FY2013:
The outlook for the oil-and-gas and petrochemical industries which the Group serves still remains
positive.
Source: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_17CFF9306C301F2248257B0B0027D0D2/$file/HS_Q3FY2013_results_announcement.pdf?openelement
From MTQ's FY2013 ended 31 Mar 13:
Conditions are expected to remain buoyant in the oil and gas industry.
Both these companies have great opportunities for future growth. Hiap Seng recently announced a joint venture with KUB Builders to bid for the Petronas Rapid Tank Farm Project in Malaysia.
MTQ Corp, which reports doubling of pre-tax earnings in Q4 FY2013, complained of overwhelming demands from Bahrain.
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