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via EdgeSingapore RSS on 5/20/09
The Straits Times Index may rise 21% in the next 12 months on improving economic outlook and investors should "overweight" the city-state's stocks, Credit Suisse Group said. The stock market's price-to-book value of 1.56 times may head back to its five-year average of 1.85 times, lifting the nation's main equities index to 2,749, Credit Suisse said. The Straits Times Index rose 0.4% yesterday to 2,269.24.
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