Goldman downgrades Singapore to "underweight"
Key bank, energy and property sectors seen likely to report muted or lower earnings
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Singapore
INVESTMENT bank Goldman Sachs has downgraded the Singapore market to "underweight" while upgrading the Hong Kong market to "market weight" and Indonesia to "overweight".
Timothy Moe, chief Asia-Pacific strategist, said in a media briefing on Tuesday afternoon that the key bank, energy and property sectors in Singapore are more likely to report muted or lower earnings given macroeconomic factors.
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