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Broking houses upbeat on Singapore market, citing cheap valuations

International banks less keen, taking "underweight" stand


CITING inexpensive valuations, local broking houses are reasonably upbeat about the Singapore market even as international banks are not too enthused.

UOB is targeting the Straits Times Index (STI) to close 9 per cent up from current levels of 3,300 points to 3,600 points