In a Tuesday research report, Kum Soek Ching (below), Head of Southeast Asia Research, Private Banking Research, Credit Suisse, says 2018 is likely to have marked the peak in growth momentum for Singapore banks.
SINGAPORE (Jan 8): Credit Suisse is recommending Singapore investors stick with a portfolio of quality, high-yield stocks and stocks with low embedded expectations to ride out any volatility in 2019 while positioning for a market recovery.
And while the market’s upward momentum this year may be dulled by dimmer economic and corporate earnings growth outlook, the Swiss investment bank says the below-historical average market P/E of 11.4x and a compelling dividend yield of 4.4% make for an attractive risk-reward proposition for longer-term investors.
