Singapore stocks look inexpensive despite inflation concerns, outperformance: OCBC
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WHILE the Straits Times Index (STI) has outperformed other markets year to date, valuations in the Singapore market still look inexpensive, OCBC said on Friday (Jul 22).
In its market outlook for the second half of 2022, OCBC said it is positive but recommends investors take a more defensive approach as it expects to see short-term market volatility amid high inflation concerns.
Amid the reopening in South-east Asia, OCBC chief economist Selena Ling expects the transport hubs in the region will benefit. Consistent positive growth in the electronics segment is providing some buffer to weaknesses in the pharmaceutical side, she added.
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