PhillipCapital’s head of research Paul Chew has kept his Straits Times Index (STI) target unchanged at 3,400 points for the FY2021.
In a Singapore strategy report dated Oct 8, Chew says he remains positive on the re-opening trade.
“Covid-19 is now a pandemic for the unvaccinated. Vaccinations globally could hit 50% by year-end, with developed countries leading the way at 65%-70%,” he writes.
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