Strategy Note /
Singapore

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

    Siewkhee Lim
    Siewkhee Lim

    Head of Singapore Research

    Contributors
    Jeremy NG
    Munyee Lock
    CGS-CIMB
    1 April 2022
    Published by

    The FSSTI closes Mar at 3,408.52 pts, rebounding from the late-Feb sell-off. As inflationary pressures build, tightening is expected. We keep our end-2022F FSSTI target at 3,475 pts, based on a -1 s.d. forward P/E of 12.5x.