新加坡股市屡创新高：高股息与资本增值双轮驱动
Why Singapore Stocks Keep Hitting Record High
THEIR TRADITIONAL STRENGTHS HAVE HAD A LIFT FROM WHAT J.P. MORGAN DESCRIBES AS A GOLDILOCKS ECONOMIC BACKDROP. FOR MORE, LET'S BRING IN REPORTER BERNADETTE. THIS IS UNHEARD OF. WE ARE BARRING. WE ARE STABLE. BUT NOW, WE ARE PARTYING. BERNADETTE: SINGAPORE HAS BEEN HAVING A REALLY GOOD TIME. IT HAS BEEN REALLY RESILIENT AMONGST THE GLOBAL VOLATILITY IN THE MARKETS SO IT HAS BEEN A FAN FAVORITE AMONGST A LOT OF INVESTORS.
他们的传统优势得益于摩根大通所描述的“金发姑娘”经济背景。更多详情，请听记者伯纳黛特报道。这是前所未有的。我们正在禁止。我们很稳定。但现在，我们在狂欢。伯纳黛特：新加坡一直表现非常好。在全球市场波动中，它一直非常有韧性，因此成为许多投资者中的热门选择。
HASLINDA: A LOT HAS TO DO WITH STABILITY AND THE DIFFERENT FACTORS INCLUDING THE SINGULAR AS WELL, RIGHT? BERNADETTE: THERE ARE LOTS OF POSITIVES GOING ON FOR SINGAPORE STOCKS. ONE IS THE HIGH DIVIDEND YIELD WHICH YOU MENTIONED AND THE STRONG SINGAPORE DOLLAR WHICH IS DEFINITELY REALLY APPEALING TO INVESTORS. WHAT IS NEW THIS TIME AROUND FOR SINGAPORE STOCKS IS THAT THERE IS ALSO CAPITAL APPRECIATION. THERE IS A GREAT STORY LED BY A MODERATED INFLATION AND DOES GOOD CORPORATE EARNINGS BECAUSE OF THE TECH EXPORTS.
哈斯琳达：这与稳定性以及包括单一因素在内的不同因素有很大关系，对吧？伯纳黛特：新加坡股市有很多积极因素。一是你提到的高股息收益率，以及强劲的新加坡元，这对投资者来说确实非常有吸引力。这次新加坡股市的新变化是，还有资本增值。在温和通胀和科技出口带来的良好企业盈利的推动下，这是一个很好的故事。
THAT WITH THE DIVIDEND PLAY ON THE GROWTH STORY IS JUST MAKING SINGAPORE STOCKS REALLY ATTRACTIVE. HASLINDA: WE ARE SEEING THAT A LOT FOR THE BANKS IN PARTICULAR. NOT SURPRISING THAT THEY ARE LEADING THE PACK UP. THE QUESTION IS WHETHER THERE IS MORE GAME TO BE HAD. IF YOU TAKE A LOOK, YOU HAVE TO QUESTION WHETHER IT'S STRETCH VALUATIONS. BERNADETTE: VALUATIONS ARE HIGHER THAN THEY HAVE BEEN HISTORICALLY. IT'S PART OF THIS COMMONWEALTH INDUSTRY.
再加上增长故事中的股息策略，使得新加坡股市真的很有吸引力。哈斯琳达：我们看到这在银行业尤其明显。他们领涨并不奇怪。问题是是否还有更多上涨空间。如果你看一下，你必须质疑这是否是估值过高。伯纳黛特：估值比历史上要高。这是英联邦行业的一部分。
THAT IS WORTH DRIVING THE SINGAPORE BANKING STOCKS RALLY HIGHER. HASLINDA: ANYTHING ELSE THAT IS DOING WELL? THERE IS A LOT OF CONCENTRATION IN THE SINGAPORE BANKS AND THAT IS SOMETHING THAT IS A CONCERN FOR INVESTORS. THERE IS A BROADER INNING OUT INTO THE OTHER SECTORS AND WE SEE A LOT OF GOVERNMENT MEASURES TO TRY AND BOOST THE STOCK MARKET OVERALL SO IT'S NOT JUST THE TRADITIONAL BANKING SECTOR THAT IS THERE TO BENEFIT THE HOPEFULLY, YOU KNOW, THE OTHER SECTORS DO WELL IN THE SCHOOL RECORD RUN.
这值得推动新加坡银行股进一步上涨。哈斯琳达：还有其他表现好的吗？新加坡银行股集中度很高，这是投资者担忧的一点。有更广泛的扩展到其他行业，我们看到很多政府措施试图提振整体股市，所以不仅仅是传统银行业受益，希望其他行业也能在创纪录的行情中表现良好。
HASLINDA: WE HEARD FROM GOLDMAN BUT THIS IS A COUNTRY THAT IS RELIANT ON TRADE AND WITH THE ONGOING IRAN WAR THAT HAS BEEN PROLONGED, ARE THERE RISKS RIGHT THERE WHERE -- WHICH HAS BEEN CITED AS THE GOLDILOCKS SITUATION? J.P. MORGAN SAID THAT SINGAPORE IS AT THE GOLDILOCKS PHASE. NOT TOO EXCITING WHERE YOU HAVE A LOT OF VOLATILITY WITH THE AI TRADE. BUT AT THE SAME TIME, IT'S RESILIENT BECAUSE IT DOESN'T HAVE THAT KIND OF SHARP SWING THAT WE CAN SEE NOT ASIAN MARKETS WITH THE AI EXPOSURE.
哈斯琳达：我们听到了高盛的观点，但这是一个依赖贸易的国家，随着伊朗战争持续延长，是否存在风险——这被称为“金发姑娘”局面？摩根大通表示，新加坡处于“金发姑娘”阶段。不是太兴奋，因为AI交易波动很大。但与此同时，它很有韧性，因为它没有像我们看到的其他亚洲市场那样因AI敞口而出现剧烈波动。
IF SINGAPORE IS NICE, IT IS GOLDILOCKS. HASLINDA: THANK YOU. ASIAN EQUITIES REPORTER BERNADETTE FOR US THERE. HERE'S SOME OF THE STORIES WE
如果新加坡是美好的，那它就是恰到好处。哈斯琳达：谢谢。亚洲股票记者伯纳黛特为我们带来报道。以下是我们的一些故事
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力