SINGAPORE (Sept 20): CIMB Equity Research has found two new investment themes that local investors can look into, namely the Asean domestic consumption and new technology. These are on top of the Real Estate Investment Trusts and property segments which CIMB has an “overweight” rating on. To be sure, regional fund managers continue to remain “underweight” on Singapore, according to feedback received by CIMB in Singapore and Malaysia. According to Lim, investors were more willing to pay for a premium valuation for stocks with earnings growth such as SATS, Sheng Siong and Raffles Medical, in a weak economic growth environment. CIMB also does not foresee the Monetary Authority of Singapore changing its policy of keeping the rate of Singapore dollar appreciation at 0% any time soon, given the projected core inflation of around 1% and GDP growth of 1-2% for 2016.

Source: The Edge Markets September 20, 2016 04:30 UTC