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RHB remains optimistic on Singapore's economic growth post cabinet reshuffle

Felicia Tan
Felicia Tan4/28/2021 06:56 PM GMT+08  • 4 min read
RHB remains optimistic on Singapore's economic growth post cabinet reshuffle
Jaiswal’s stock picks for the economic recovery include China Aviation Oil, CapitaLand, ComfortDelGro, DBS and OCBC.
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RHB Group Research analyst Shekhar Jaiswal says the cabinet reshuffle, which will see Lawrence Wong becoming the new Minister for Finance, as well as other shifts within six other ministries, will not impact his view on Singapore’s economic or market outlook.

“We expect Singapore to remain politically stable and continue to have a strong control on the pandemic,” writes Jaiswal in an April 26 report.

“This, we believe, will enable it to deliver a better-than-expected economic growth rebound, relative to its Asean peers, and also offer the most comfort to investors,” he adds.

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