News
Singtel and StarHub forecasted for low revenue growth but strong earnings in 2025
Singtel and StarHub forecasted for low revenue growth but strong earnings in 2025
CGSI projects Singtel's FY3/26F revenue to grow 2% YoY, whilst StarHub's revenue is expected to rise 4% in 2025F.
Tourism recovery remains limited as international visitors lag pre-COVID figures
Whilst tourism receipts exceed 2019 levels, inflation and a strong dollar may deter regional tourists from China, India, and ASEAN.
Private home prices expected to rise 0-3% in 2025
Around 8,200-8,300 units may launch in 1H25, with sales recovering to 6,000-7,000 units in 2025.
SG adults improve ranking in literacy and numeracy proficiency
Singapore ranked 10th in numeracy and 18th in literacy.
Construction output to hit upper range of $34-37b in FY24
Contract awards saw significant growth, with 3Q24 and 9M24 wins up 55% and 34% YoY, respectively.
Healthcare sector faces pressure from mature market and foreign competition
Local patients often choose longer waits or affordable options in Malaysia, CGS International says.
Most capital goods companies poised for double-digit earnings growth in FY25F
Most defensive growth is expected from STE, which is projected to deliver approximately 15% growth.
ValueMax Group buys Ban Fook Pawnshop for $1.75m
Ban Fook has a net asset of $1.84m in 2023.
PGIM Investments appoints Brenda Leow as new head of SEA
She will lead the wholesale sales and distribution of the firm’s investment strategies.
Singapore transport sector poised for moderate growth in 2025
Demand in air transport is expected to remain strong, but weaker ticket pricing could pressure profitability.
Stable banking sector sees limited upside from NIM-driven earnings
Wealth management and treasury income will remain key drivers of non-interest income (non-II) in FY25F
Singapore GDP growth forecasted to ease to 2.4% in 2025
Manufacturing sector is anticipated to remain a key driver of economic growth.
Singapore poised for consistent growth with strategic trade advantage
The city-state has leveraged its strengths and location for steady growth since 2017, KGI says.
Daily Markets Briefing: STI up 0.42%; Top stock is Seatrium Ltd
Seatrium Ltd is the top stock with a 1.49% increase.
Manufacturing leads Singapore’s GDP growth with 11% YoY rise in Q3
GDP is expected to drop in 2025.
Singapore is world’s 9th most attractive city destination in 2024
This marks Singapore’s debut in the top 10.
Singapore emerges as top destination relocation in SEA
The city-state ranks 8th globally.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape