Aug wrap-up: Singapore in 5■ The FSSTI closes Aug 21 at 3,055.05 pts, down 111.89 pts (-3.53%).■ Rising number of daily Covid-19 cases tests Singapore's attempts to reopen;economic data reassuring.■ We keep our end-2021F FSSTI target at 3,496 pts, based on 0.5 s.d. above12-year mean P/E of 15.2x.

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