Budget 2025’s household and business supports “should keep economic activities strong”, say analysts, while investment into innovation and boosting the equities market would open up “new opportunities for growth”.
JP Morgan has upgraded Singapore equities to “overweight” among Asean and the Asia ex-Japan region following yesterday’s Budget 2025.
The bank’s equity macro research team says Singapore equities are driven by inexpensive valuation, lower volatility compared to its regional peers, decent expansion in earnings, high dividend yields, government initiatives to revive the domestic stock market, monetary policy easing to cushion the impact of a slowdown led by trade uncertainty and a stable currency.
