Brokers' take

Singapore strategy RHB Research, Dec 19

While it would be difficult for FSSTI to mirror the strong performance registered in 2017, we believe 2018 cannot be written off completely. It is for the first time in many years that forward EPS estimate has witnessed upgrades.

While a slowdown in export growth would drag economic growth lower, we are seeing early signs of recovery in domestic demand - gradual recovery in residential property market and steady uptick in retail sales.

We put 2018 Index target at 3,650, implying a 10 per cent total shareholder return. With changing mix in Singapore's growth constituents, we recommend that in…