CGSI’s analysts cite “sturdier” net interest margins (NIM) in 2025 due to fewer than expected rate cuts.
Analysts at CGS International (CGSI) are projecting that Singapore’s listed companies post core net profit growth of 5.6% and 6.8% respectively for 2024 and 2025, lifted by the financials, capital goods, telecommunications, consumer and internet services sectors.
On a q-o-q basis, the analysts have raised their 2024 and 2025 core net profit forecasts by 1.6% and 2.4% respectively, with banks expected to grow by 3.9% and 5.4% over each period respectively.
