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Restructuring of GLCs can drive market valuations

Corporate profitability, relatively low valuations could also fuel equity market, says Morgan Stanley

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The Singapore market is attractively valued, and market valuations in the medium term can be driven by the restructuring and internationalisation of government-linked companies (GLCs) here, said investment bank Morgan Stanley in a media briefing on Monday.

Singapore

THE Singapore market is attractively valued, and market valuations in the medium term can be driven by the restructuring and internationalisation of government-linked companies (GLCs) here, said investment bank Morgan Stanley in a media briefing on Monday.

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