Morgan Stanley: The Singapore stock market may offer a good defensive exposure.

On May 21, Jin10 reported that Morgan Stanley’s research team stated in a report that Singapore stocks remain their preferred defensive exposure. The valuation of the country’s stock market is attractive, with a forward P/E ratio of 14.3 times and a dividend yield of up to 4%. Capital market reform measures will further drive the stock market pump. Morgan Stanley believes that financial stocks are the best investment targets in the market. New measures supporting the Singapore stock market include injecting Liquidity, which may surprise the market. Morgan Stanley reaffirms its constructive view on the Singapore stock market.