Singapore Exchange Auditorium (SGX).
Roslan Rahman | AFP | Getty Images
Singapore shares are “not expensive” and the market remains attractive for investors, said a major Asian bank.
Many investors like Singapore for its so-called “cyclical” stocks, which track the strength of the economy and are expected to do well once the global economy recovers from the pandemic.
This has helped Singapore stocks see one of the strongest gains in Asia this year. The Benchmark Straits Times Index is up about 11% this year, outperforming most regional markets.
As valuations rise in many stock markets, Singapore is one of the few with undervalued stocks to choose from, said the country’s second-largest bank, Oversea-Chinese Banking Corp (OCBC).
From financial stocks to real estate stocks, Here are the Singapore-listed stocks with a “Buy” rating from the bank.