Yesterday, 09:44 AM
Yesterday JP Morgan upgraded STI to 5000 by end 2025.
Right now STI is 4235. To go up to 5000 it needs to gain 20% in 5 months.
65% of STI DBS, UOB, OCBC and SingTel. These stocks have gone up so much they are now roughly 80% higher than average historic valuations.
The rest of teh 35% are a mix of reits and industrials. REITs are laggards and may go up but the upside is limited.
Anyway market may go crazy and actually push STI to 5000 as predicted by JP Morgan. I think if you see 5000, you should really think of selling and getting out.
Right now STI is 4235. To go up to 5000 it needs to gain 20% in 5 months.
65% of STI DBS, UOB, OCBC and SingTel. These stocks have gone up so much they are now roughly 80% higher than average historic valuations.
The rest of teh 35% are a mix of reits and industrials. REITs are laggards and may go up but the upside is limited.
Anyway market may go crazy and actually push STI to 5000 as predicted by JP Morgan. I think if you see 5000, you should really think of selling and getting out.