Singapore Stock Market News

Singapore Property - Tipping On Tapering

StockFanatic
Publish date: Tue, 17 Dec 2013, 10:58 AM
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Sentiment to get worse before it gets better; cut to Neutral. We downgrade the Singapore property sector from Overweight to Neutral as we believe the prospect of QE tapering in 2014 will be a drag on Singapore developers' share prices. Physical prices look set to correct and we expect continued share price weakness unless the government removes some of the cooling measures.

Inexpensive stock valuations notwithstanding, we will adopt a Neutral view on the sector for 2014.
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