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Home / Capital / Singapore Economy

DBS lifts STI year-end target by 4.5% to 3,325; sees recent share price correction as 'last chance' to buy

Singapore economy

DBS lifts STI year-end target by 4.5% to 3,325; sees recent share price correction as 'last chance' to buy

Felicia Tan Published on Thu, Jun 03, 2021 / 4:58 PM GMT+8

Photo: Stock photo

DBS Group Research analysts Yeo Kee Yan, Janice Chua and Chung Wei Le have lifted their year-end target for the benchmark Straits Times Index (STI) to 3,325, 4.5% higher from their previous estimate of 3,180.

The team’s current estimate is pegged to 13.48 times (+0.25 standard deviation) FY2022 price-to-earnings (P/E).