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| STI breaks 4400 |
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| STI 4400 level tested |
Previously on 28 July 2025, in my LianHe Zaobao 联合早报 interview, I shared:
As the August 1 tariff deadline approaches, Eric Oh (Hu Lihui), financial services manager at Phillip Securities, expects there may be some volatility in the market in the short term as investors adjust their positions to cope with related uncertainties, but the expected impact is relatively limited.
He said: "Against the backdrop of de-dollarisation, heightened geopolitical risks and uncertainties, the SGD is seen as a safe haven currency. Year to date, the SGD has appreciated by about 6% to 7% against the USD. Secondly, with the six-month Treasury bill yielding below 2%, future interest rates are also likely to move lower due to the Fed’s rate cuts. The average yield of Singapore Real Estate Investment Trusts (S-REITs) is 5% to 6%, while the STI yields 4%, providing investors with attractive investment opportunities, especially during these uncertain and volatile times."
Eric Oh (Hu Lihui) predicted that the medium-term key support level of the STI Index will be at 4,000 points. If it can hold this level, the Hang Seng Index is expected to test the 4,400 point mark, or even continue to rise and break through the 4,700 point resistance level.
Eric Analysis: Stock market correction provides an opportunity to enter the market
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For a summary of all listed firms and Sreits SGX Group, I covered click below for more information.
https://bit.ly/ericshareEp30_STI4400