He also highlights Yangzijiang Shipbuilding’s (YZJ) 2QFY2024 performance which saw a 75% increase in container freight rates over three months.
“Singapore's equity market rose 3.4% in 2QFY2024, the best performance in six quarters,” says Paul Chew, head of research at PhillipCapital.
In his report dated July 1, the analyst notes several sectors that have delivered “stellar” performances in 2QFY2024 which includes the commendable quarter registered by banks following attractive dividend yields and recovery in fee income, driving share prices.
