0701 GMT - Singapore equities remain the most defensive within Southeast Asia as the country is relatively better positioned in the region, Citi analysts say in a note. Singapore has a better net dividend yield proposition, they say, noting that the STI offers a 5% market yield. The yield's attractiveness is further boosted by its relatively stronger currency outlook, compared with regional peers, they add. "This firm currency outlook grants better confidence into the yield," the analysts say. Citi has a year-end target of 4125 for the Straits Times Index. The STI is 0.3% higher at 3976.17.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 03:01 ET (07:01 GMT)
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