Singapore stocks unlikely to rebound soon: Samsung Asset Management

Singapore

IT'S too soon to bet on a rebound for Singapore stocks, according to Samsung Asset Management Ltd, which sees little value in the shares even at the widest discount to global equities in more than a decade.

The benchmark Straits Times Index (STI) is poised for a 16 per cent slide this quarter, the most since the throes of the global financial crisis in 2008. The gauge entered a bear market on Monday after falling 21 per cent since its April peak, while the MSCI Singapore Index is already in one.