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Headwinds could continue to rattle Singapore market in H2 despite attractive valuations

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Raphael Lim

Raphael Lim

Published Mon, Jun 19, 2023 · 05:50 AM
    • Despite higher interest rates boosting net interest margins, the banking sector has underperformed in the first half, contributing to the muted STI performance.
    • Despite higher interest rates boosting net interest margins, the banking sector has underperformed in the first half, contributing to the muted STI performance. PHOTO: BT FILE

    VALUATIONS in the Singapore market are attractive, analysts say. But macroeconomic concerns remain in focus given high interest rates and an expected slowdown in the external environment.

    Market watchers believe the local market could see some turbulence in the coming months, with uneven performance across sectors.

    Singapore stocks turned in a mixed performance in the first half of 2023, despite a strong performance in equity markets in the US and parts of the Asia region.

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