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RESILIENCE BUDGET

Resilience package to mitigate earnings drop for STI stocks

Analysts expect 'significant' cost savings of 4 per cent for the companies

Singapore

"SIGNIFICANT" cost savings of 4 per cent are expected for Straits Times Index (STI) stocks arising from the Singapore Resilience Budget, according to a DBS Group Research report.

The fiscal bazooka to save jobs will also indirectly benefit banks.

DBS Group Research...

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