Consumer sentiment, in particular, is expected to remain upbeat this year and supported by the $100-300 to be paid out to all adult Singaporean citizens out of the FY17 surplus. According to Jaiswal, the wage credit scheme extension till 202 will also be positive for companies such as BreadTalk, which has been rated “buy” with a target price of $2.09.
SINGAPORE (Feb 20): RHB Research is upbeat on Singapore’s growth outlook and expects a positive “post-Budget” market reaction with a preference for exposure to the consumer, real estate, REITs and banking sectors.
In a Tuesday report, analyst Shekhar Jaiswal notes how Monday’s Singapore Budget 2018 announcement was positive for all business sectors with the exception of the Buyer’s Stamp Duty (BSD) increase for residential transactions.
