Brokers maintain ‘buy’ call on ComfortDelGro despite STI exit

SINGAPORE – Analysts on Friday reiterated their “buy” calls on ComfortDelGro, citing rising ridership of public transport and decent dividend payouts. This is despite the stock being dropped as a component of Singapore’s Straits Times Index (STI) for falling below the top 30 listed companies by market capitalisation and liquidity on the bourse. ComfortDelGro was replaced by […]

Inflation may ease next year, but that outlook is still uncertain, MAS says in annual report

SINGAPORE – Singapore’s central bank believes inflation may abate next year, but warned that if prices and wages continue to remain elevated a deeper cut in economic growth could be needed to achieve stability. “Inflation is expected to ease in 2023 as major central banks withdraw policy accommodation and supply challenges are addressed. However, the […]

Asia stocks slide on recession fears; STI up 0.4% as S’pore bank shares rise

TOKYO (REUTERS) – Stocks fell across Asia on Wednesday morning (June 29), extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven US dollar. Japan’s Nikkei index fell 1.2 per cent, while Australia’s S&P/ASX 200 slipped 1.1 per cent and South Korea’s Kospi slumped 1.6 […]