Defence, healthcare, bank stocks expected to gain from Singapore Budget 2019

As a key defence innovator and equipment supplier, ST Engineering seen as major beneficiary


DEFENCE, healthcare and grocery stocks are the possible winners from the latest Singapore Budget announced on Monday, according to a number of research analysts.

The emphasis on defence and building a smart nation in Singapore Finance Minister Heng Swee Keat's budget speech sent defence contractor ST Engineering to the top of the winners' list for many analysts, with DBS, RHB and CGS-CIMB highlighting the stock.

"Singapore plans to continue to innovate and build new capacities to meet its...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to