- The Straits Times Index (STI) rose nearly 17% over the past four months to validate our end 2024 target of 3750, pegged to a 11.8x FY26F P/E. The rally was mainly powered by index heavyweight bank stocks that reported strong earnings and benefited from an anticipated slower rate cut pace post-US election.
Flattish earnings growth for the STI come 2025
- - Read this at SGinvestors.io -
- Steady growth momentum seen in other sectors also contribute to support overall STI earnings in 2025.
- Earnings growth was led by Seatrium (SGX:5E2), as it delivered on its strong order flow.
- - Read this at SGinvestors.io -
- ST Engineering (SGX:S63)’s and Yangzijiang (SGX:BS6)’s robust orderbooks should support revenue and earnings visibility in 2025 and beyond.
- ComfortDelGro (SGX:C52) also stand out for their double-digit FY25F earnings growth and attractive dividend yields of >5%.
STI end-2025 target of 3950
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Kee Yan YEO CMT DBS Group Research | Fang Boon FOO DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-12-04
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
Read also DBS's most recent report:
2024-10-10 Singapore Exchange - Firing On Multiple Fronts; Volatility Is SGX's Friend.
Previous report by DBS:
2023-08-18 Singapore Exchange - Awaiting Rebound In Equities Trading.
Price targets by 3 other brokers at SGX Target Prices.
Listing of research reports at SGX Analyst Reports.
Relevant links:
SGX Share Price History,
SGX Announcements,
SGX Dividends & Corporate Actions,
SGX News Articles
