Singapore Stock Strategy - RHB Invest 2023-07-20: Opportunities Exist In A Defensive Market

Singapore Equity Strategy - Opportunities Exist In A Defensive Market

Singapore Equity Strategy - RHB Investment Research  | SGinvestors.ioCity Developments (SGX:C09)
  • Despite a weak year-to-date market performance, the Singapore market is still defensive, and could see a re-rating closer to the end of the year, supported by the services sector’s resilience, a likely pause in interest rate hikes, a manufacturing and exports sector revival, and outperformance of the S$ in the region.
  • - Read this at -
  • Our Straits Times Index (STI) target falls to 3,340 points from the earlier 3,440 points.

The RHB Economics & Market Strategy (RHB EMS) team maintained Singapore’s GDP growth forecast at 2.0% in 2023

  • - Read this at -
  • higher tourism levels and the resilience of the overall services sector should continue to support Singapore’s growth; and
  • trade and industrial production data registering growth in 4Q23.

Resilient earnings growth in 2023; downgrades have been slow

  •

Shekhar Jaiswal RHB Securities Research | 2023-07-20

More views on Singapore stock market outlook & investment strategy:
Analysts Say Analyst Reports on Singapore Stock Strategy

Latest research on Singapore stocks @
Analysts Say Stocks & REITs Research Reports
Analysts Say Sector / Industry Research Reports

Latest Stock Ratings & Price Targets @
Analysts Say Price Targets & Stock Ratings Changes
Analysts Say Consensus Target Prices


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁