Cyclical markets likely to do better over next 6 months: asset manager
Singapore
SINGAPORE equities are not very appealing in general right now but bank shares could be worth buying, a Hong Kong-based asset manager said on Wednesday, adding that stocks here could pick up in around six months along with other cyclical markets.
Sean Taylor, chief investment officer for the Asia-Pacific region at Deutsche Asset Management, told a briefing at German lender Deutsche Bank's Singapore office that for Singapore he was "more positive on banks" but still underweight the market, saying that it was still a relatively "lower-growth" market compared with the rest of Asia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed