Jun wrap-up: Singapore in 5
■ FSSTI closed Jun 2021 at 3,130.46 pts (-1.08% mom), as Singapore exits
‘Heightened Alert’.
■ Economic growth steady, core inflation up. Property market remains strong.
■ We keep our end-2021 FSSTI target at 3,488pts, based on 0.5 s.d. above 12-
year mean of 15.3x P/E.
■ Top picks: AREIT, FLCT, SATS, UOB, CD, SPH, KEP, UOL, YZJSGD, CSE,
GVTL, AZTECH, QNM, and JAP