0218 GMT - Singapore is among Morgan Stanley's most preferred equity markets going into 2025, analysts at the U.S. investment bank say in a research report. MS increases its overweight position on Singapore equities to 100 bps from 75 bps, supported by an expected capital markets reform program. "Singapore possesses the means and increasingly the political will to boost the vibrancy of its equity market," the analysts say. "If it is successful, it could significantly boost valuation of Singapore equities," they say. Singapore also remains an attractive yield story, they add, noting DBS Group Holdings and Singtel are named in its 'ASEAN best business model' list and have both outperformed MSCI Singapore year-to-date. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 17, 2024 21:18 ET (02:18 GMT)
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