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Brokers' take

City Developments Limited.jpg
City Developments Limited (CDL) headquarters along Robinson Road.

Singapore Strategy

UOB KayHian | December |

With FSSTI bouncing close to 5 per cent from its recent Sept 15 lows, the market appears to be range bound in 1H16. FSSTI looks inexpensive but the 18-29 per cent discounts to long-term mean valuations (PE and P/B) look