Home News Broker's Calls

Singapore remains a safe haven despite growing macroeconomic concerns: RHB

Khairani Afifi Noordin
Khairani Afifi Noordin8/10/2022 01:22 PM GMT+08  • 3 min read
Singapore remains a safe haven despite growing macroeconomic concerns: RHB
RHB believes the STI will deliver positive returns in 2022, but an upward move for the index will be a slow grind.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

RHB Group Research analyst Shekhar Jaiswal remains positive on the Singapore market despite growing macroeconomic concerns.

In his Singapore strategy note, Jaiswal says the country’s economic situation should provide assurance to investors of positive growth in 2022.

“Retail sales are rising and we expect it to grow 10% in 2022, aided by a tight labour market and higher tourism-led spending. Estimates from the Ministry of Manpower suggest that total employment in 2QFY2022 rose and unemployment rate fell to 2.1%, which is at pre-Covid-19 level,” he adds.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.