- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | Singapore Research Team UOB Kay Hian | https://research.uobkayhian.com/ 2024-04-08
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
