Maybank Kim Eng | KGI Securities |
Hi-P International
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What to expect for Singapore markets in 2018: Positive on Oil & Gas, Properties, REITs and Apple supply chain The investment environment remains favourable going into 2018 as global growth is accelerating and corporate earnings have surprised on the upside. Among sectors in Singapore that we believe will continue to ride on the positive momentum are the banks, Apple-related manufacturing, property and oil & gas. Even with the recent en-bloc frenzy, URA expects these redevelopments to be completed only from 2021 onwards. Among Singapore-listed property developers that may potentially benefit from the tightening demand/supply dynamics are City Development, UOL, CapitaLand and GuocoLand.
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