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Home / Capital / Singapore Economy

Credit Suisse deems Singapore markets as 'attractive', with top picks being UOB, CDG, SATS, Sembcorp and Sea

Singapore economy

Credit Suisse deems Singapore markets as 'attractive', with top picks being UOB, CDG, SATS, Sembcorp and Sea

Felicia Tan Published on Wed, Jun 02, 2021 / 4:56 PM GMT+8

Photo: Bloomberg

Following the 1QFY2021 reporting season, which saw net earnings upgrades of between 2.6% to 4.1%, Credit Suisse says it continues to see the Singapore market as “attractive”.

This is based on the market’s price-to-earnings ratio (P/E) ratio at a 8.1% discount to the rest of Asia ex-Japan.