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PhillipCapital prefers financial and property sector for 4Q2021; sees complete re-opening of borders as STI catalyst

Felicia Tan
Felicia Tan10/8/2021 6:12 PM GMT+08  • 4 min read
PhillipCapital prefers financial and property sector for 4Q2021; sees complete re-opening of borders as STI catalyst
PhillipCapital has kept its STI target unchanged at 3,400 points.
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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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