Published:
Battered Singapore stocks still not cheap enough, says Samsung Asset
It's still too soon for a rebound.
Although Singapore shares are now trading at the widest discount to global equities in more than a decade, it’s still not cheap enough to tempt Samsung Asset Management.
According to a report by Bloomberg, the benchmark Straits Times Index is poised for a 16 percent slide this quarter, the most since the throes of the global financial crisis in 2008.
Faltering growth in China and the prospect of higher U.S. interest rates leave shares vulnerable to more losses, according to Alan Richardson, a money manager at Samsung Asset whose Southeast Asian equity fund has beaten 96 percent of peers over five years.
Read the report in full here.
Read Here
Advertise
Sign Up
