--- title: "Analysis: Investors fluctuate with Trump's policies; the stock market is expected to remain volatile this week" type: "News" locale: "en" url: "https://longbridge.com/en/news/230221268.md" description: "Under the influence of Trump's policies, the FTSE Straits Times Index fell 0.9% last week. Analysts expect the stock market to remain volatile this week, influenced by U.S. economic data and the content of China's Two Sessions. The average stock price of three local banks fell by 1.6%, despite continued growth in net interest income, while non-interest income declined. Quantum Health's net loss widened, with current liabilities exceeding current assets, raising doubts about its continued operation. The net profit of Universal Dental Group decreased by 22%. China's economic growth target is set at 5%, and policy support is expected to continue" datetime: "2025-03-02T16:07:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/230221268.md) - [en](https://longbridge.com/en/news/230221268.md) - [zh-HK](https://longbridge.com/zh-HK/news/230221268.md) --- # Analysis: Investors fluctuate with Trump's policies; the stock market is expected to remain volatile this week Phillip Securities Chief Stock Broker Tan Yingying expressed similar views during an interview. She believes that fund managers are very sensitive to Trump's policy direction, which will lead them to change their investment strategies, resulting in continued market volatility. Quantum Healthcare's net loss for the fiscal year 2024 significantly widened from HKD 300,000 to HKD 1.17 million by the end of last year, with a loss per share of HKD 0.0148. The group's current liabilities exceeded current assets by HKD 8.07 million, resulting in a deficit of HKD 2.83 million in shareholder equity and a net cash generated from operations of approximately HKD 1.6 million, raising significant doubts about the group's ongoing operations. Nevertheless, the company's board believes that the group still has sufficient operating capital to maintain operations for the next 12 months. The company's stock price remained at HKD 0.002 on Friday. Q&M Dental Group announced on Saturday that its net profit for the second half of 2024 decreased by 22% to HKD 4.84 million, with earnings before interest, taxes, depreciation, and amortization (EBITDA) dropping 21% to HKD 14.68 million. Earnings per share fell from HKD 0.65 to HKD 0.51. Regarding the Chinese factors, Geoff Howie said: "China's 5% economic growth target seems to be a consensus, reflecting stability in growth and resilience in the face of external pressures, with expectations for continued policy support. However, the recent rise in the Chinese stock market may complicate the government's efforts to maintain current investor confidence; traditional policies are no longer sufficient, and clearer, more defined policies are needed to support market trust." IG market strategist Geoff Howie stated in an interview with Lianhe Zaobao that the uncertainty caused by Trump's tariff threats will extend into the new week, as this week marks the deadline for implementing tariffs, prompting the market to reassess whether it has underestimated the risks posed by tariffs, leading to a more cautious market atmosphere. Advanced Systems Automation reported a 90% increase in net loss for the second half of the fiscal year 2024, reaching HKD 5.63 million, with a loss per share of HKD 1.002. The total annual loss increased by 53% to HKD 6.15 million, with a loss per share of HKD 1.095. The company's stock price rose 11.11% to HKD 0.01 at Friday's close. Geoff Howie stated: "The implementation of any tariffs is detrimental to the market, as trade restrictions can lead to global economic downturn risks, increase inflationary pressures, affect consumer sentiment, and further weaken global trade." "The three major banks have achieved net interest income exceeding HKD 8 billion for nine consecutive quarters, but the total non-interest income has fallen from HKD 4.9 billion in the third quarter of last year to HKD 3.7 billion in the fourth quarter." Singapore Exchange market strategist Geoff Howie noted that the stock prices of the three local banks averaged a decline of 1.6% last week, with UOB experiencing the smallest drop and institutional investors net selling the least #### Extended Reading Tan Yingying also mentioned that the Federal Reserve will start hinting at a downward trend in interest rates from March 5. With interest rates still high, the economic data released in the U.S. last week remains ideal, therefore, she believes that the Federal Reserve is unlikely to cut rates, leaving only the options of maintaining or raising rates. For the whole year, the increase in business contributions from Malaysia led to a net profit growth of 27% to 14.64 million, with earnings per share of 1.55 cents. The board has proposed a final dividend of 0.7 cents per share, with the ex-dividend date on March 26. The total dividend for the fiscal year 2024 reaches 1.1 cents. Quanmin's stock price reported at 0.285 yuan on Friday, down 1.72%. ### Cordlife Group reported a loss of 18.69 million last year Nio announced that it delivered a total of 13,192 vehicles in February, an increase of 62.2% compared to the same period last year. Year-to-date, the total number of vehicles delivered has increased by 48.8%, reaching 27,055 vehicles. The company's stock price closed at $4.57 on Friday, down 4.59%. In terms of individual stock news, Cordlife Group announced its performance for the second half and the full year ending December 31, 2024, last Saturday (March 1). The group reported a loss in the second half, turning from a profit of nearly 1.3 million in the same period of the 2023 fiscal year to a loss of 6.33 million, with a loss per share of 2.47 cents. For the whole year, the company's loss reached 18.69 million, with a loss per share of 7.29 cents. Cordlife's stock price rose 1.91% to 0.16 yuan at Friday's close. Under the influence of U.S. President Trump's "tariff theory" and an average decline of 1.6% in local bank stocks, the Straits Times Index in Singapore fell 0.9% last week, closing at 3,895.70 points on Friday (February 28). Analysts believe that the stock market will continue to fluctuate this week in line with Trump's policy direction, and U.S. economic data and the content of China's Two Sessions are also key factors affecting market performance. The Federal Reserve's next meeting will be held from the 18th to the 19th and will include an economic forecast summary. Tan Yingying stated, "The rapid changes in investment allocation by fund managers catch retail investors off guard, and panic trading exacerbates market volatility." Zhuoxing Enterprise Financing (SAC Capital) securities research director Zeng Xianren pointed out in an interview that in a high-inflation environment, companies related to commodities will benefit, while large infrastructure projects are relatively unaffected by inflation. He believes that "construction-related companies such as Soilbuild, ISOTeam, and Hiap Tong may have more advantages." 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