0656 GMT - Singapore's Straits Times Index appears less volatile than its regional peers, says Carmen Lee, head of OCBC Investment Research, in a report. This makes the benchmark index a viable option for diversification, offering shelter against overall market fluctuations, she writes. The STI's valuations remain undemanding and are currently trading at a forward P/E ratio of 11.8X, which is 0.5 standard deviations below its 10-year historical average, she adds. OCBC maintains a positive outlook on the Singapore market, primarily due to its defensive characteristics and attractive dividend profile. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 01:56 ET (06:56 GMT)
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