Banks a bright spot in dull Singapore stock market
Citi Private Bank strategist says Singapore's banking sector is best-positioned among emerging markets to benefit from rising interest rates
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE banking sector here is the best-positioned among emerging markets to benefit from rising interest rates but apart from that and the materials sector, the Singapore stock market offers slim pickings, a top analyst said on Tuesday morning.
Ken Peng, investment strategist for global investments Asia Pacific at Citi Private Bank, told a media briefing held at the Ritz Carlton Millenia hotel that the Singapore stock market "really depends a lot on investors' interest in dividends and in a rising interest rate environment that's going to be difficult".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
