Singapore stocks unlikely to rebound soon: Samsung Asset Management
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Singapore
IT'S too soon to bet on a rebound for Singapore stocks, according to Samsung Asset Management Ltd, which sees little value in the shares even at the widest discount to global equities in more than a decade.
The benchmark Straits Times Index (STI) is poised for a 16 per cent slide this quarter, the most since the throes of the global financial crisis in 2008. The gauge entered a bear market on Monday after falling 21 per cent since its April peak, while the MSCI Singapore Index is already in one.
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