Singapore stocks are ‘not expensive’ — here are some top picks by a major Asian bank

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Auditorium of the Singapore Exchange (SGX).

Roslan Rahman | AFP | Getty Images

Singapore stocks are “not costly” and the market stays enticing for buyers, mentioned a major Asian bank.

Many investors like Singapore for the so-called “cyclical” stocks which monitor the financial system’s power, and are anticipated to do properly when the worldwide financial system recovers from the pandemic.

That has helped Singapore stocks to file one of many strongest positive aspects in Asia this yr. The benchmark Straits Times Index has climbed about 11% this yr, outperforming most regional markets.

As valuations climb in lots of inventory markets, Singapore is among the few with undervalued stocks to choose, mentioned the nation’s second-largest bank Oversea-Chinese Banking Corp (OCBC).  

From financials to property stocks, here are the Singapore-listed stocks with a “purchase” score from the bank.



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