Strategy Note /
Singapore

SG : Strategy - Mar wrap-up: Singapore in 5

    Siewkhee Lim
    Siewkhee Lim

    Head of Singapore Research

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    CGS-CIMB
    31 March 2021
    Published byCGS-CIMB

    The FSSTI closes Mar at 3,165.34 pts, up 7.33% vs. Feb, amidst growing market optimism as Covid-19 vaccine programmes get underway globally. We keep our end-2021 FSSTI target at 3,140 pts, based on 14.2x 12M forward P/E.