0234 GMT - Singapore's central-bank-led equity market changes will likely reinforce the market's attractiveness as investors debate diversifying away from the U.S. dollar, say Morgan Stanley analysts in a note. The city-state's national development minister recently said the equities market's review group is developing measures to help companies unlock shareholder value, which the analysts anticipate will be announced by year-end and include grants. They expect the overhaul to raise returns and ratings for Singapore companies, projecting market-wide return on equity to gain, lifting price-to-book multiples to 2.3X. Stock market operator Singapore Exchange is likely to be the main beneficiary as volumes rise, they say, maintaining an overweight rating on SGX. Other beneficiaries could include asset managers CapitaLand Investment and Keppel Ltd. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 14, 2025 22:34 ET (02:34 GMT)
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