Daily Briefing: Market slump fails to dent appeal of Singapore stocks; SIA unveils 'KrisConnect' API

And Infineon launched its first Co-Innovation Space for semiconductor solutions.

From Bloomberg:

Singapore stocks should soon become a favorite for investors looking for value due to their particularly attractive valuations, earnings, growth, and dividend yields, strategists from Morgan Stanley Asia Singapore and DBS said.

The equity slide hasn’t hampered analysts’ faith in Singaporean companies. On the contrary: they’ve raised their 12-month profit estimates for members of the benchmark index by about 8 percent this year. The central bank’s move to tighten policy despite rising global trade conflicts is adding to the confidence about economic growth.

“Near double-digit earnings growth through 2020 and rising return-on-equity” are the key reasons why Singaporean equities are becoming more attractive, said Sean Gardiner, an equity strategist at Morgan Stanley Asia Singapore.

Read more here.

From Tech In Asia:

Singapore Airlines (SIA) launched its KrisConnect Program, an initiative to make information and functionalities on SIA’s digital platforms more readily available to partners, enhancing the overall customer experience.

The KrisConnect Program makes use of application program interface (API) technology such as those from IATA’s New Distribution Capability (NDC) program as well as other proprietary APIs, and makes them available to external parties.

The APIs allows partners such as online ticketers, travel agents, and aggregators to access functionalities including management of flight bookings, flight status data, and information relating to SIA’s frequent flyer scheme, KrisFlyer. The airline has launched a developer portal to provide its partners with more information on the APIs.

Read more here.

From DealStreet Asia: 

Infineon opens first Co-Innovation Space in Singapore Infineon Technologies, a maker of semiconductor solutions, has established its first global Co-Innovation Space in Singapore to help startups create semiconductor solutions, according to an announcement. Located at Infineon’s Asia Pacific headquarters in Singapore, the co-innovation space will offer year-long training and guidance on technologies and areas such as design thinking and business innovation as well as access to Infineon’s research and development and manufacturing facilities.

Currently, four startups, Ampotech, Plunify, SHADO and XNERGY, have joined the initiative.

Read more here.