0328 GMT - Negative spillover to Singapore from U.S. tariffs looks likely, CGS International analysts say in a research report. Although Singapore incurs "only" the base tariff rate of 10% on its exports to the U.S., other key Singapore exports to the U.S. will be affected, the analysts say. These include "machinery," such as medical apparatus & precision engineering equipment as well as "ships, boats & other floating structures," the analysts note. Singapore's GDP growth outlook for 2025 could come in at the lower end of the current official forecast range of between 1.0% and 3.0%, the analysts add. CGS International recommends large-cap defensive names--Singtel, CapitaLand Ascendas REIT, Keppel DC REIT and Singapore Technologies Engineering. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 23:28 ET (03:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。