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Singapore banks a 'buy' on higher ROE in medium term: Jefferies

Samantha Chiew
Samantha Chiew10/11/2018 01:05 PM GMT+08  • 3 min read
Singapore banks a 'buy' on higher ROE in medium term: Jefferies
SINGAPORE (Oct 11): Jefferies is reiterating its modestly bullish stance on Singapore within the global asset allocation.
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SINGAPORE (Oct 11): Jefferies is reiterating its modestly bullish stance on Singapore within the global asset allocation.

The three local banks – DBS, UOB and OCBC – contribute about 40% weight of local market index.

The Singapore central bank chief has an upbeat outlook on the economy, though being cautious about slump in investment, if global sentiment are negatively impacted.

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