![](https://i.imgur.com/CLvY2jA.png")
28-07-2025, 08:32 AM
https://www.theedgesingapore.com/capital...ndustrials
The analysts at JP Morgan (JPM), Khoi Vu, Rajiv Batra, Mervin Song, Terence Khi and Harsh Modi, have revised their outlook on equities as they factor in better yields, higher flows and a stronger Singapore dollar (SGD).
The team has also increased their base and bull target for the Straits Times Index (STI) to 4,500 points and 5,000 points by the end of 2025. The analysts’ base and bull targets for MSCI Singapore have also increased to 2,100 points and 2,300 points, respectively.
The upgrades come as the JPM analysts expect a sharper-than-expected decline in interest rates, and expect the SGD to be a safe-haven currency amidst the weakening of the US dollar (USD).
Real estate upgraded to ‘overweight’; industrials downgraded to ‘neutral’
The analysts at JP Morgan (JPM), Khoi Vu, Rajiv Batra, Mervin Song, Terence Khi and Harsh Modi, have revised their outlook on equities as they factor in better yields, higher flows and a stronger Singapore dollar (SGD).
The team has also increased their base and bull target for the Straits Times Index (STI) to 4,500 points and 5,000 points by the end of 2025. The analysts’ base and bull targets for MSCI Singapore have also increased to 2,100 points and 2,300 points, respectively.
The upgrades come as the JPM analysts expect a sharper-than-expected decline in interest rates, and expect the SGD to be a safe-haven currency amidst the weakening of the US dollar (USD).
Real estate upgraded to ‘overweight’; industrials downgraded to ‘neutral’
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
