Tensions in the Middle East have had a “somewhat muted” impact on Singapore’s banks so far, and Lee thinks “the environment is fairly conducive still”.
The Straits Times Index (STI) has a “slightly good chance” of crossing the 4,000-point mark again in 2H2025, says OCBC Investment Research’s Singapore strategist Carmen Lee. However, this will depend on how Singapore’s three listed banks perform, as they make up around half of the bellwether index by weight.
“Watch out for the [banks’] results, which will be coming out soon,” says Lee at a media briefing on June 27. The three local banks are expected to release their financial results for 1HFY2025 ending June 30 in early August.
