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Resilience package to mitigate earnings drop for STI stocks
Analysts expect 'significant' cost savings of 4 per cent for the companies
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Published Fri, Mar 27, 2020 · 09:50 PM
Singapore
"SIGNIFICANT" cost savings of 4 per cent are expected for Straits Times Index (STI) stocks arising from the Singapore Resilience Budget, according to a DBS Group Research report.
The fiscal bazooka to save jobs will also indirectly benefit banks.
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