Aerial view of Singapore’s central business district and bay.
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Morgan Stanley has revised its list of favorite stocks in Singapore – and three on that list are up more than 30%.
The MSCI Singapore Index – expressed in local currency – is up about 8.2% this year by Wednesday’s close, after losing 12.8% in 2020.
Morgan Stanley said the Singapore market has more room for maneuver thanks to a recovering economy, restructuring activities at listed companies and the inclusion of new economy stocks in the MSCI Singapore Index.
Here are the five stocks that made it to the investment bank’s latest “focus list” for Singapore, and the ones that dropped out.