Wide range of STI forecasts reveals hazy outlook in 2019
After a 10% decline in 2018, analysts forecast index to end in 3,250-3,600 range in 2019, while a support level of 2,850 would throw up bargain buys
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE cloud of uncertainty hanging over the outlook for 2019 has led analysts to offer a wide range of predictions for the performance of the Straits Times Index (STI) this year.
DBS Group Research, the most bearish among them, expects the index to retreat another 7 per cent to 2,850 - about 10.8 times FY19 earnings - before it recovers to 3,250. "This is on the premise that the current US-China trade hostilities do not degenerate further into an all-out trade war and the Fed hikes rates twice or three times in 2019," it says.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
