Morgan Stanley's Gardiner Has New Asean Favorite: Singapore
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As investors in Southeast Asian equities deal with an onslaught of news including monetary policy decisions, the outlook for the U.S. dollar and geopolitical tensions, Morgan Stanley strategist Sean Gardiner has picked his favorite -- Singapore.
And the reason behind that? Earnings growth. Companies in the city-state could see earnings per share rise by 14 percent this year, and another 10 percent in 2019, he wrote in a report dated May 14.