
Full-year GDP growth expected to hit 12.2%
Investors should stay exposed to Singapore given its decent dividend yield, reasonable earnings forecast and modest valuations, according to HSBC.
HSBC Global Research said, “Despite the fact that the impressive GDP growth of 18% y-o-y in 1H10 is likely to slow to a more sustainable pace, our economist still expects full-year GDP growth to hit 12.2% in 2010.”
In addition, Singapore expects earnings to grow 20% in 2010 and 12% in 2011.
View the graph here.