Singapore 'Defensive and Well-Positioned'; Likely to Keep Outperforming -- Market Talk

Dow Jones
Jun 26

0537 GMT - Singapore's corporates are expected to continue outperforming as it develops its hubs, adopts new technology and reforms its equities market, say Morgan Stanley analysts in a note. "Singapore is perceived to be defensive and well-positioned in a multi-polar world given its macro stability, strong governance and financial resilience." Shareholders' returns could be lifted by buybacks and dividends. Large caps should enjoy inflows from planned changes to Singapore's stock market and the beneficiaries include DBS, Sembcorp Industries, CapitaLand Ascendas REIT, Singapore Exchange and Genting Singapore. Grab, Sea, Singtel and Keppel Limited stand to gain from embracing new technology. Morgan Stanley reiterates its overweight position on Singapore's market and forecasts MSCI Singapore's return on equity to reach 14% by 2030, from 12%. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 26, 2025 01:37 ET (05:37 GMT)

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