Brokers' take
Singapore Exchange (SGX) | Buy (maintained) Target price: S$8.40 Sept 4 close: S$7.40 RHB Research, Sept 4
We believe global developments such as further hikes in the US Federal funds rate (FFR) and concerns about the trade war could lead to more switching of stocks within equity portfolios and drive trading volumes.
At the Monetary Authority of Singapore (MAS) Annual Report 2017/2018 media conference, MAS said that "Singapore is emerging as a leading Asian bond market, with corporate debt issuance volumes rising by 22 per cent per annum over the past two years".
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