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2017 is going to be a growth challenged year. Here’s how to prepare for it

Michelle Zhu
Michelle Zhu11/21/2016 04:16 PM GMT+08  • 2 min read
2017 is going to be a growth challenged year. Here’s how to prepare for it
SINGAPORE (Nov 21): UOB Kay Hian has set a modest 2017 year-end STI target of 3,000 in anticipation of “another challenging year ahead”.
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SINGAPORE (Nov 21): UOB Kay Hian has set a modest 2017 year-end STI target of 3,000 in anticipation of “another challenging year ahead”.

The research house has forecast 2017 earnings per share (EPS) to recover 7.7% y-o-y after two years of recession, with 2017 gross domestic product (GDP) growth ranging slightly higher than 2016’s 1-2%.

In a Monday report, lead analyst Andrew Chow says such an estimation is a reflection of weak global demand as well as structural issues, as the external environment remains mixed while volatility is likely to remain elevated, pointing to a “buy” on weakness and stock-picking strategy.

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