SINGAPORE: Singapore’s first institute dedicated to green finance research and talent development was launched on Tuesday (Oct 13) by the Imperial College Business School and Lee Kong Chian School of Business at Singapore Management University (SMU).

The institute is supported by the Monetary Authority of Singapore and its launch was announced by the central bank’s managing director Ravi Menon during his keynote speech at the Financial Times’ Investing for Good Asia conference.

“MAS is committed to developing a vibrant green finance research and talent ecosystem in Singapore,” he said. 

“The Singapore Green Finance Centre will be an important part of this ecosystem.” 

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The finance centre will draw on the strengths of Imperial College and SMU in climate science, financial economics and sustainable investing, MAS said in a joint news release with the two schools. 

The centre will pursue research that helps “develop strategies for policymakers and financial institutions to support Asia’s transition to a low carbon future”. 

The research will focus on three main themes: Transforming businesses by integrating climate-related data and environmental, social and governance considerations into decision-making; designing policies and new initiatives that can improve the efficiency of green finance markets; and catalysing the development of green finance solutions.

The centre also aims to equip professionals with new skills and develop a strong pipeline of green finance talent. It will offer courses across various levels – undergraduate, post-graduate, continuing and professional education. 

The institute will be jointly led by Professor David Fernandez, director of the Sim Kee Boon Institute for Financial Economics at SMU, and Dr Charles Donovan, Professor of Practice and executive director of the Centre for Climate Finance and Investment at Imperial College Business School.

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PORTLAND, Ore., Oct. 12, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Car Finance Market by Distribution Channel (Banks, OEMs, Credit Unions, and Others), Vehicle Age (New Vehicles and Used Vehicles), Application (Personal and Commercial), and Purpose (Loans and Lease): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global car finances industry was pegged at $1.29 billion in 2019, and is expected to hit $2.33 billion by 2027, registering a CAGR of 14.3% from 2020 to 2027.

Drivers, restraints, and opportunities-

Rise in global average price of automobiles and increase in demand for vehicles fuel the growth of the global car finance market. On the other hand, emergence of rideshare services and surge in debts from various borrowers curtail down the growth to some extent. However, enactment of technologies in existing product lines and untapped potential of emerging economies are expected to create multiple opportunities for the key players in the industry.

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Covid-19 scenario-

  • The outbreak of the pandemic has resulted in sharp decline in consumer trends and preferences toward purchasing cars. Accordingly, the global car finance market has been considerably affected. However, the overall situation is gradually being ameliorated across the world and the market is expected to get back to its position soon.
  • At the same time, it’s worth mentioning that people across the world have started preferring private way of transportation over selecting public transport which, in turn, has provided the market with a mixed effect.

The banks segment to lead the trail by 2027-

Based on distribution channel, the banks segment accounted for nearly two-fifths of the global car finance market share in 2019 and is anticipated to maintain the lion’s share throughout the study period. The OEMs segment,

Netflix execs
Reed Hastings (L), co-founder and CEO of Netflix, and Ted Sarandos, Netflix chief content officer, pose for photographs during a news conference in Seoul, South Korea, June 30, 2016

  • Netflix received a Street-high price target of $650 on Wednesday from Pivotal Research Group, representing potential upside of 28% from Tuesday’s close.
  • Pivotal said Netflix is set to continue benefiting from a “virtuous cycle” of growing its subscriber base, increasing its spend on original content, and raising the price of its monthly subscription.
  • Netflix is “due for an increase” in price as early as January 2021, according to Pivotal.
  • Visit Business Insider’s homepage for more stories.

Netflix is engaged in a “virtuous cycle” of growing its business and extending its lead against other video streaming services, Pivotal Research Group said in a note on Wednesday.

This cycle is just one reason Pivotal increased its Netflix price target to a Street-high $650, representing potential upside of 28% from Tuesday’s close. 

The “virtuous cycle” consists of Netflix growing its user base, which gives the company more capital it can spend on original content, which increases its potential target market, which enhances its ability to make future price hikes, Pivotal detailed.

The situation helps raise the barriers to entry for other streaming services, and Netflix also benefits from increasing broadband speeds, allowing the company to “piggy back for nearly free” on the substantial investments made by telecom companies, Pivotal said.

On top of that, Netflix is due for a price increase as early as January 2021, Pivotal added. Netflix last increased its prices in April 2019 by $1 to $2 for its subscription tiers.

Read more: These 30 global stocks are positioned to stay on top in the 4th quarter as the contrast between a recovering economy and rising

Inclination toward lowering weight of vehicles and rise in production and sales activities of automobiles worldwide fuel the growth of the global automotive bearings market

PORTLAND, Ore., Oct. 7, 2020 /PRNewswire/ — Allied Market Research published a report, titled, Automotive Bearings Market by Bearing Type (Ball Bearing, Roller Bearing, and Others) and Vehicle Type (Passenger Car, Commercial Vehicle, and Two-wheeler), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global automotive bearings industry generated $31.60 billion in 2019, and is estimated to reach $48.41 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.

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Prime determinants of growth

Focus on overall weight reduction of vehicles and surge in production and sales of automobiles across the globe drive the global automotive bearings market. However, rise in vehicle electrification and variations in raw materials hinder the market growth. On the other hand, advent of sensor bearing units and development of additive manufacturing technologies and materials present new opportunities in the coming years.

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Covid-19 Scenario

  • Owing to lockdown restrictions, manufacturing factories have shut down their operations. Moreover, lockdown resulted in the disrupted supply chain, which in turn, created a shortage of raw materials.

  • Labors have returned to their hometowns with the closedown of manufacturing facilities. Though manufacturing activities resumed post-lockdown, there is a shortage of laborers.

  • Research and development activities have been stopped due to the shutdown of facilities. However, they would gain traction as facilities begin to operate with full capacity.

  • Vehicle sales and demand for advanced technology-based bearings would boost post-lockdown, as daily operations in production plants and supply chain get on track.

Get detailed COVID-19 impact analysis on the

The market cycles are in a bottoming phase. However, October is the most volatile month, has brought the largest one-day declines, but has usually closed on the upside. Bullish sentiment was only partially doused by the correction. This month and the quarter are likely to close out on the upside but a large short-term decline cannot be ruled out.

Here are two stock recommendations for the short term.

Lam Research is entering a cycle buy phase. The daily cycle turns up on the 6th and tops on October 15th. Seven of the last eight cycles have been profitable over the last year. The weekly cycle (87% profitable) and the monthly cycle (80% correct) are also rising. Seasonality is supportive of higher prices. The stock has risen in the month of October 64% of the time, the strongest month in any year.  The short-term target is $340.

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Chart 3 shows that the daily Gilead cycle tops on the 5th; a point to sell the stock short. I would cover the trade on October 15th. Eight of nine signals have been profitable in the last year. The weekly cycle (90% accurate) is also falling. The $58-$60 level is likely to be reached. Relative strength continues to hit new lows.

Chart 3

Chart 4

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