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Singapore economy
Singapore economy
1Q2021 GDP growth a 'pleasant surprise', but further uncertainties abound
Given the growing uncertainty, economists are largely keeping their full-year 2021 forecasts intact for now.
May 28, 2021
Singapore economy
Singapore's 1Q21 GDP 'pleasant surprise'; economists mostly keep 2021 GDP growth forecast between 5.5% to 8%
Economics professor Jamus Lim says he is "quietly optimistic that" FY2021 GDP will fall on the upper end of the 4-6% range.
May 25, 2021
Singapore economy
Singapore's GDP expands 1.3% y-o-y in 1Q21; MTI keeps 4-6% growth forecast for 2021
The 1Q2021 expansion was mainly supported by the manufacturing, finance & insurance and wholesale trade sectors.
May 25, 2021
Broker's Calls
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore
Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.
May 21, 2021
Singapore economy
'Heightened alert' to delay, not derail, recovery; economy continues to restructure
Singapore’s economic reopening is delayed, not derailed.
May 20, 2021
Broker's Calls
Accumulate S-REITs on bargains; Ascendas REIT, FLCT among top picks: analysts
Following the 1Q results, valuations for S-REITs have remained stable at 4.65% FY2021 yield, which is close to the +1 s.d. level.
May 18, 2021
Singapore economy
Singapore's NODX falls short of expectations with 6.0% growth in April
Singapore’s non-oil domestic exports (NODX) remained in the green for the fifth consecutive month in April.
May 17, 2021
Labour market
Singapore to face labour shortage amid tightened Covid-19 measures
Companies in Singapore’s construction, marine and process sectors will be especially hard hit by stricter border measures.
May 11, 2021
Broker's Calls
Transport stocks, retail REITs, as well as re-opening beneficiaries to be impacted by Phase 2 measures: CGS-CIMB
Counters that have benefitted from the Covid-19 pandemic could see a renewed interest, says CGS-CIMB analyst Lim Siew Khee.
May 07, 2021
Covid-19
Return to Phase 2 measures unlikely to impact Singapore's GDP growth for 2021; K-shaped recovery expected: UOB
UOB economist Barnabas Gan's remarks come as social restriction measures are tightened from May 8 to 30.
May 05, 2021