Excerpt from iFAST Financial Pte Ltd report
Report Summary
- Actionable Call: Maintain Positive Stance on Singapore equities.
- Target Price: Straits Times Index (STI) end-2028 target of 5,968, implying 20.3% upside from 1 April 2026, plus an estimated 4.8% annual dividend yield over the next three years.
- Key Ideas & Highlights:
- Despite the Qatar LNG supply shock and closure of the Strait of Hormuz, Singapore’s core investment case remains unchanged due to strong structural drivers and defensive policy buffers.
- Energy cost increases are being mitigated by strategic reserves, uninterrupted pipeline flows, centralized procurement, dual-fuel infrastructure, and fiscal support.
- Banking sector is expected to benefit from accelerated wealth inflows due to Singapore’s safe haven status and a strong SGD.
- Featured products for exposure: Amova Singapore Dividend Equity SGD Fund, Amova Singapore STI ETF (SGX: G3B), and LionGlobal Singapore Trust Fund.
- Implications for Investors:
- Singapore equities remain attractive for their resilience, structural insulation from energy cost shocks, and robust dividend yields.
- Investors are advised to stay the course and consider positioning through recommended funds and ETFs.
above is an excerpt from a report by iFAST Financial Pte Ltd. Clients of iFAST Financial Pte Ltd can be the first to access the full report from the iFAST website : https://secure.fundsupermart.com
