17-07-2013, 04:20 PM
More excuse to keep focus on SGX stocks...
More CFOs optimistic about Singapore company prospects
SINGAPAPORE--More local chief financial officers are optimistic about the prospects of their companies than last year, but they are less upbeat than their counterparts in Southeast Asia, according to a Bank of America Merrill Lynch (BoAML) survey.
The annual survey, which involved 600 CFOs and senior finance executives in 12 countries across Asia Pacific, showed that 71 per cent of CFOs in Singapore are forecasting a year-on-year growth in revenue this year and 65 per cent of them are expecting a rise in profits.
In the same survey last year, 64 per cent oxpected revenue to go up, while 54 per cent projected an increase in profits
http://www.todayonline.com/business/more...-prospects
More CFOs optimistic about Singapore company prospects
SINGAPAPORE--More local chief financial officers are optimistic about the prospects of their companies than last year, but they are less upbeat than their counterparts in Southeast Asia, according to a Bank of America Merrill Lynch (BoAML) survey.
The annual survey, which involved 600 CFOs and senior finance executives in 12 countries across Asia Pacific, showed that 71 per cent of CFOs in Singapore are forecasting a year-on-year growth in revenue this year and 65 per cent of them are expecting a rise in profits.
In the same survey last year, 64 per cent oxpected revenue to go up, while 54 per cent projected an increase in profits
http://www.todayonline.com/business/more...-prospects