We believe Sembcorp Industries could re-rate if it divests of Sembcorp Marine. For more top stories on Singapore’s market, see Singapore Wired Daily.
We hold that view as we believe investors will prefer to wait for the 2Q results season to unfold. As such, we are maintaining our portfolio picks in this update of the Singapore Model Portfolio.
Partly thanks to Janet Yellen’s dovish remarks, US-listed ETFs posted net inflows of US$8,249.61m in the past week. For more details, see our Weekly Global ETF Commentary.
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