Wilson Ng

The country’s market is expected to perform well in both upside and downside scenarios within an uncertain global environment

Reits are positively levered to a lower interest rate outlook, but Singapore and Thai developers face headwinds

Dividend yields of local stocks are high not just relative to other markets but also in historical terms, indicating current valuations are inexpensive

WE see Singapore equities as a safe haven amid choppy global markets in the next 12 months, with bank stocks likely to lead the way.