Singapore narrows GDP growth forecast for the year

[swakoo]

According to Sat's BT:

In her "Singapore market: Excessive selling amid regional capital flight", Credit Suisse private banking and wealth management's head of South-east Asia research Kum Soek Ching said that the Singapore market is now trading at one standard deviation below its historical average valuation, with a 12-month forward price-to-book (P/B) of 1.38 and price-to-earnings of 13.7 due to collateral damage from the surprise yuan devaluation in recent days.

And according to Bloomberg, the Sgp market is the 2nd worst performing among developed markets YTD after Greece.

[Image: stock-market]