The nation’s economic growth likely troughed in the second quarter, analysts Wilson Ng and Derek Chang wrote in a report Monday. The country boasts some of the highest dividend yields in the world, paying about 4.5%, and could see more fund flows for its"safe haven” status amid geopolitical tensions and regional economic uncertainties, they added.
Citi Adds Hong Kong, Singapore Shares on ‘New Business Cycle’ Singapore is heading for its worst recession ever, as the trade-reliant economy suffers from a double whammy of global lockdowns and U.S.-China tensions. The city-state’s stocks have underperformed most peers in Asia, with the MSCI Singapore Index down 19% this year.
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