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OCBC’s best choice for the Singapore market

Auditorium for the Singapore Exchange (SGX).

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Singapore stocks are “not expensive” and the market remains attractive to investors, a major Asian bank said.

Many investors like Singapore for the so-called “cyclical” stocks that track the strength of the economy and are expected to perform well when the global economy recovers from the pandemic.

It has helped Singapore stocks register one of the strongest gains in Asia this year. The Benchmark Straits Times Index has risen about 1

1% this year, surpassing most regional markets.

As valuations rise in many stock markets, Singapore is one of the few with undervalued stocks to choose from, said the country’s second largest bank Oversea-Chinese Banking Corp (OCBC).

From finance to real estate, here are the Singapore-listed stocks with a “buy” rating from the bank.

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