Straits Times Index (STI)

Chew: I am mid- and long-term bullish and will take my time to re-enter blue chips or ETFs here

Chew notes that although the STI was on course to make a 17-year high with significant stock market volumes, there has been nostalgia over the bull markets of the 90s and the lead-up to 2007’s peak.

CDLHT, DBS, FEHT and CLI are among analyst Thilan Wickramasinghe’s top picks.

Chew expects a market pullback, with laggards having a smaller downside.

Singapore stocks climbed to their highest level since 2007, following the 50 bps rate cut by the US Fed.

An interest rate cut by the US Fed in September is a ‘near certainty’, says PhillipCapital, who is ‘overweight’ on REITs.

There is a pressing need to revitalise our ecosystem to facilitate successful IPOs for smaller companies here.

The benchmark STI provides yields of more than 5%, which is higher than what most regional markets offer.

The communications and retail sectors were Singapore’s brightest spots in the month

Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.