Restructuring of GLCs can drive market valuations
Corporate profitability, relatively low valuations could also fuel equity market, says Morgan Stanley
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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.
Meanwhile, listings of non-strategic GLCs and smaller companies emerging from the Catalist board can also create excitement in the market, said Hozefa Topiwalla, Morgan Stanley's Singapore-based head of Asean research and Asean equity strategist.
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