Here’s an extract of the talk:
Andrea Heng ( host ):
Abel, how will this minute Trump administration affect the cash that’s in our bank balances and in our investment portfolio?
Abel Lim, head of wealth management advisory and strategy at UOB :
Tariffs (are ) inflationary in nature. It makes the cost of exports higher, which means… the cost of Chinese goods and external imports ( will increase ) and consumers in the United States will have to pay the additional percentages which is being applied. That introduces prices.
That said, we expect Federal account target price to accomplish about 4 per cent for the first quarter of this year, which also means that our three quarter SORA forecast to be about 2. 41 per share. That is going to adapt to higher interest rates, but higher saving costs, which is going to affect both individuals and companies alike.