Singapore Stock Market - Maybank Research 2024-09-24: Rate Cut. Now What?

• We raise our 12-month STI target by 9% to 3,890. Our top picks of SG stocks: CDL Hospitality Trusts, CapitaLand Investment, CSE Global, DBS, Far East Hospitality Trust, Genting Singapore, Marco Polo Marine, Sea, SingTel, StarHub.

Low rates to drive investor rotations to key sectors

• - Read this at SGinvestors.io -
• Concurrently, an upcycle in O&M, rising data centre demand from AI, sustainability investments and seasonally stronger 2H inbound travel promises to drive upgrades for Gaming, Industrials, Internet, SMIDs, & Telcos.
• A strong S$ and a successful implementation of the JS-SEZ are positive catalysts.

2Q24 downgrades to REITs, Tech closer to bottom

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

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