Singapore market

Stick with quality as headwinds persist, says RHB

SINGAPORE (Mar 13): RHB Research says investors should stick with quality stocks on the Singapore market amid slowing economic growth and an uncertain external environment.

Investors should also stay selective and focus on buying stocks that offer stable earnings, strong balance sheets, and sustainable dividends.

STI more likely to trade between 2,800-3,200: OCBC

SINGAPORE (Dec 24): OCBC Investment Research is projecting for the Straits Times Index (STI) to trade as high as 4,125 in 2019 in a bull case scenario. 

As at Dec 5 this year, the index traded at 3,156, 18% down from Bloomberg’s target of 3,721.

The research house’s base case is for the STI to trade at around 3,632 with a potential upside of 17% from Dec 5 levels, based on 7% earnings growth and a seven-year historical average price-earnings ratio (PER) of 13.9 times.

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