SINGAPORE (Dec 7): Deutsche Bank expects Singapore to reach a cyclical bottom in 2017, particularly the real estate and offshore & marine (O&M) sectors, on improvement in external demand and likely pro-growth policies.
“We also expect Singapore to continue with the current structural reform and to shift towards building a Smart Nation. Restructuring and rebuilding Singapore champions could be a key focus in 2017,” observe analysts Joy Wang and Chien-Fie Man in a Tuesday report.
Noting that stock prices have moved significantly towards the end of 2016, the research house believes 2017 is likely to see more uncertainties, coupled with a still-challenging fundamental outlook and a rising rates environment.
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