CIMB, the Malaysian investment bank, says it is too early to start investing in Singapore’s smaller offshore companies.
“Despite the disparity in the valuations of small to mid-caps versus large caps, we think it is still not time to pile up on the former,” say CIMB analysts Cezzane See and Lim Siew Khee.
The duo says there is still more “housekeeping” ahead, with some of these efforts potentially dragging into the second half of the year.
