Singapore Stock Strategy - UOB Kay Hian 2024-04-08: Higher-for-a-lot-longer Interest Rates ~ Some Companies To Suffer, Some To Benefit

• We view Singapore corporates’ debt levels as manageable across the companies we cover, with free cash flow generation forecast to remain strong in 2024. Nevertheless, some companies’ profit margins could erode in 2024 should interest rate cuts be deferred into 2025, e.g. Wilmar, City Developments, CapitaLand Investment, Sembcorp Industries and Keppel.
• - Read this at SGinvestors.io -

Potentially higher for a lot longer?

• - Read this at SGinvestors.io -
• Even with three rate cuts in 2024 and 2025, the Fed’s key benchmark borrowing rate would stay at the highest level since 2007, which could impact Singapore companies.

Manageable debt levels.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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