Singapore Stocks Target Boosted by JPMorgan Amid Robust Economic Growth
JPMorgan Chase & Co. analysts have increased their target for Singapore stocks due to robust economic growth and narrowing valuation gaps with developed-market peers.
The Straits Times Index may reach up to 7,000 over the next 12 months in a bull case scenario, according to analysts including Khoi Vu.
This forecast implies a potential 22% upside from Tuesday's close for investors.