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Strong year seen for SGX as global market recovers

Stanislaus Jude Chan
Stanislaus Jude Chan10/17/2017 12:17 PM GMT+08  • 2 min read
Strong year seen for SGX as global market recovers
SINGAPORE (Oct 17): Phillip Securities Research is keeping its “accumulate” rating on Singapore Exchange (SGX) and raising its target price to $8.39, from $7.63 previously, following a strong start to FY18.
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SINGAPORE (Oct 17): Phillip Securities Research is keeping its “accumulate” rating on Singapore Exchange (SGX) and raising its target price to $8.39, from $7.63 previously, following a strong start to FY18.

“Global equities markets have risen on the back of improving economic growth around the globe,” says investment analyst Jeremy Teong in a Tuesday report.

According to Teong, this has benefited SGX-listed companies in the finance, technology and consumer services sectors.

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