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Goldman downgrades Singapore to "underweight"

Key bank, energy and property sectors seen likely to report muted or lower earnings

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Goldman believes Macau's hard-hit gaming sector can recover in the second half of next year.

Singapore

INVESTMENT bank Goldman Sachs has downgraded the Singapore market to "underweight" while upgrading the Hong Kong market to "market weight" and Indonesia to "overweight".

Timothy Moe, chief Asia-Pacific strategist, said in a media briefing on Tuesday afternoon that the key