“Earlier in the year, I think a couple months ago, you saw some reports come out saying that [the] STI should reach 10,000 in a few years' time. So if you compound that, it’s really only 5% per year. And for someone to achieve 5% a year, I think that is quite achievable,” she adds.
With the Straits Times Index (STI) crossing 4,700 points to a new all-time-high, hitting the 5,000 mark is a “very achievable level” for the benchmark index, says Carmen Lee, head of equity research at OCBC Group Research.
“Actually 4,700 to 5,000 is really quite achievable. You basically just need four [or] five stocks to move up with the STI and that will lead us to a 5,000 level,” says Lee, who was speaking at the bank’s annual premier private client investment seminar at the Ritz-Carlton Singapore on Jan 6.
