0952 GMT - Mid-cap stocks in Singapore with an average daily trading volume of at least S$2 million could be key beneficiaries of coming measures to boost the local stock market, UOB Kay Hian analysts say in a note. Institutional fund managers tapping into the Monetary Authority of Singapore's S$5 billion Equity Market Development Program are likely to prefer stocks with high liquidity and strong fundamentals, such as EPS growth and yields of more than 3% over the past five years. Funds from the program could be deployed as soon as 4Q, the analysts add. The brokerage's top picks are wealth management platform iFast, dormitory operator Centurion and Singapore Post. However, they caution that a continuing asset sale could reduce the conglomerate to only a postal services company. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 05:52 ET (09:52 GMT)
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