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via The Edge Singapore RSS Feed by Bloomberg on 12/1/09
Singapore's Straits Times Index may rise to 3,180 by the end of next year, reflecting continued upgrades in earnings estimates, said Credit Suisse Group AG.
"Consensus earnings upgrades have helped trigger share price performance in 2009," Credit Suisse analyst Sean Quek wrote in a note dated yesterday. "We expect this trend to continue into 2010 on a more positive top-line and margins outlook."
The brokerage said it is "overweight" on transport, banking, media and property stocks.
Among its top picks are Singapore Airlines, DBS Group Holdings, Neptune Orient Lines, Hyflux and Parkway Holdings.
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