SUBSCRIBERS
Resilience package to mitigate earnings drop for STI stocks
Analysts expect 'significant' cost savings of 4 per cent for the companies
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone