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.
