JPMorgan boosts Singapore stocks target as economic growth holds

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/jpmorgan-boosts-singapore-stocks-target-economic-growth-holds

10 comments held Reddit says 0 on reddit ↗

u/Rationalandcentred OP 1 12 hours ago

They just changed the title of the article, it’s now **STI could hit 7,000 in bull case over next 12 months: JPMorgan**
u/SgDino 1 12 hours ago

7000? Isn’t that a huge bump over 12 months?
u/Rationalandcentred OP 1 12 hours ago

Expert opinions are all over the place. On one hand, DBS says the STI will face a choppy third quarter, on the other hand JPM says the STI will hit 7000. Who should we trust?
u/Ceyenne18 1 11 hours ago

None. Treat analysis that is available for free as advertisements.
u/Possible-Help4995 1 11 hours ago

Agree, we don't know what the intentions of these publishers are.
u/Ceyenne18 1 11 hours ago

JPM is a classic. On same day, their analysts can project S&P to go up another 20% while their CEO is on stage telling doomsday stories.
u/Otherwise_Echidna_74 1 12 hours ago

That's pretty insane - it's another 20% growth on top of current levels. Almost half of STI consists of DBS OCBC UOB. This literally means that the big 3 is expected to grow by more than 20% (with the other 50% growing below that rate) to even things out.
u/Ceyenne18 1 11 hours ago

I can almost smell DBS $100
u/sgh888 1 11 hours ago

I am a bit worried on such huge optimism. S&P 500 the previous decade darling is different they have trillion dollar cap and so many many companies. STI is heavily propped up by the 3 banks. So I really wonder SGX is going to really breach so high? I an always Support Locals supporters also have doubts now.
u/kingkongfly 1 11 hours ago

If it is at 7000, how much weight will be carried by the 3 local banks? Half of it or more…..?