Potentially A Bumpy Ride in 2H21, But There Is Still Gas Left In The Tank
The Singapore market has performed extremely well ytd, with its valuations remaining inexpensive both regionally and globally. Although the Asian region faces a more bumpy recovery post COVID-19, we believe the STI has tailwinds from Singapore’s robust GDP growth and positive sentiment from the re-opening. We continue to like financials, selected re-opening plays, and COVID-19-resilient sectors among others.