Maybank cuts its end-2026 target for Singapore's Straits Times Index to 5500 from 5600 on energy cost risks. However, it maintains that equities still have further room to run. The core story for Singapore equities is still in place, partly due to broader liquidity and the deployment of the Monetary Authority of Singapore's Equity Market Development Programme, says analyst Thilan Wickramasinghe in a report. "It is becoming a market where policy consistency, capital returns and operating leverage can all be priced together," he adds. The STI is last 0.1% lower at 5237.82.(amanda.lee@wsj.com)
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Singapore Equities Still Have Further Room to Run — Market Talk
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Maybank cuts its end-2026 target for Singapore's Straits Times Index to 5500 from 5600 on energy cost risks. However, it maintains that equities still have further room to run. The core story for Singapore equities is still in place, partly due to broader liquidity and the deployment of the Monetar…