Morgan Stanley picks his favorite Singapore stocks
Aerial view of Singapore CBD and the bay.
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Morgan Stanley has revised its list of favorite Singapore stocks – and three of that list are up more than 30%.
The MSCI Singapore Index – in local currency – gained around 8.2% this year at Wednesday’s close, after losing 12.8% in 2020.
Morgan Stanley said the Singapore market has more leeway, thanks to an economy in recovery, the restructuring activity of listed companies and the inclusion of new economy stocks in the MSCI Singapore index.
Here are the five stocks that made the investment bank’s latest “priority list” for Singapore, and those that dropped out.