- We raise our end-2025 STI target to 4,602, reflecting 8% upside and attractive valuations versus history and peers.
- Singapore’s 1H25 results season was resilient, with 75% of companies meeting or beating expectations despite tariff uncertainty and strength of the Singapore dollar.
- - Read this at SGinvestors.io -
- Consumer names like DFI Retail and Sheng Siong stood out, while REITs showed positive rental reversions.
- Capital recycling drove upgrades for City Developments and Venture Corp.
A resilient performance.
- - Read this at SGinvestors.io -
- The spectre of tariffs was a clear overhang on Singapore and regional markets and introduced uncertainty and a degree of caution among customers and management, impacting demand and financial sentiment.
Immunised against tariffs.
- Read more at SGinvestors.io.
