STI likely to trade sideways: analyst

UOB KayHian expects STI to hit 3,240 at year-end.

Analysts from UOB KayHian have moderated its Straits Times Index (STI) target to 3,240 amidst the potential economic headwinds and contraction of global trade.

“We believe that the Singapore market will largely trade sideways as Singapore’s open economy will highly likely be impacted by the contraction in global trade,” UOB KayHian said.

“Thus, despite the prevalence of quality, value and dividend stocks relative to its regional peers, and despite the STI’s defensive nature, we do not anticipate that the index can outperform on an absolute basis in 2H23,” the experts added.

Amongst the headwinds that the Singapore market will likely face in 2H23 include contracting good exports.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia