Short term STI likely to perform better. Singapore banks are strong and resilient.If fed hold and hike rates. Singapore banks will likely to benefit from it as loan interest income increases along with wealth management fees.
Furthermore, today business times also covered established brokerage firm lifting STI targets into Q4 as earnings growth expected:
1. Maybank STI ➡️6800
2. UOB Kay Hian STI ➡️ 6682
3. DBS bank STI ➡️ 6110
4. Macquarie Group STI ➡️ 6000
How do you see ? I am confident with Singapore economy.
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