
2022-04-05 17:59:56
Most sectors in STI to enjoy tailwinds in stagflation environment: PhillipCapital
Almost every sector in the Straits Times Index (STI) enjoys a tailwind,” he says.First, bank earnings are set to enjoy a huge lift upon entering an interest rate cycle, as a 100 basis point rise in rates can increase earnings by around 18%. “We believe the three domestic banks have excess deposi...