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Here are the Winners and Losers From Singapore's Targeted Budget


Here are the Winners and Losers From Singapore’s Targeted Budget
Bloomberg
2/17/2021
© Photographer: ROSLAN RAHMAN/AFP
People at Changi International Airport in Singapore.
(Bloomberg) Singapore’s budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market although some sectors like aviation and green energy are set to benefit, say analysts.
The benchmark Straits Times Index, among Asia’s worst performing gauges last year, dropped as much as 0.9% on Wednesday after closing near the day’s low in the previous session. Analysts see aviation stocks as key winners, and property stocks, a key component of the benchmark, as losers. ....

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Here are the Winners and Losers From Singapore's Smaller Budget


Here are the Winners and Losers From Singapore’s Targeted Budget
Bloomberg
2/17/2021
© Photographer: ROSLAN RAHMAN/AFP
People at Changi International Airport in Singapore.
(Bloomberg) Singapore’s budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market although some sectors like aviation and green energy are set to benefit, say analysts.
The benchmark Straits Times Index, among Asia’s worst performing gauges last year, dropped as much as 0.9% on Wednesday after closing near the day’s low in the previous session. Analysts see aviation stocks as key winners, and property stocks, a key component of the benchmark, as losers. ....

Singapore General , Marina Bay , Heng Swee Keat , Terence Chua , Shekhar Jaiswal , People At Changi International Airport , Comfortdelgro Corp , Jumbo Group Ltd , Sembcorp Industries Ltd , Capitaland Integrated Commercial , Singapore Airlines Ltd , Keppel Infrastructure , Neave Ltd , Keppel Corp , Phillip Securities Research Pte , Mapletree Commercial , Frasers Centrepoint , Straits Times Real Estate Investment Trust Index , Sheng Siong Group Ltd , Changi International Airport , Straits Times Index , Minister Heng Swee Keat , Southeast Asian , Marina Bay Sands , Singapore Strait , Bloomberg The Marina Bay Sands ,

Banks, Property Stocks Could be Losers From Singapore's Budget


Banks, Property Stocks Could Be Losers in Singapore’s Budget
Bloomberg
2/15/2021
Ishika Mookerjee and Abhishek Vishnoi
(Bloomberg) Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse.
Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives, say analysts.
That’s bad news for the benchmark Straits Times Index, which has risen 3.5% so far this year. The gauge is lagging the broader MSCI Asia Pacific Index by six percentage points even though Singapore has managed to contain the spread of the virus. ....

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