$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$...inflation, interest rateshike, war, recession...all are very negative, markets are rightfully edgy.
How do you play defensive?
Here are my thoughts:
- REITs like A17U is one of the assets categories that have the natural hedge built in against inflation. Also well managed REITs use fixed-rate financing to fund the majority of its debts.
- companies that provide essential products and services, like supermarkets $SHENG SIONG GROUP LTD(OV8.SI)$, dental services $Q & M DENTAL GROUP (S) LIMITED(QC7.SI)$, public transport like $COMFORTDELGRO CORPORATION LTD(C52.SI)$...etc etc.
- in local context, companies that arerecovering after COVID pandemic, e.g. construction. $PAN-UNITED CORPORATION LTD(P52.SI)$a leading ready mixed cement or RMC supplier, F&B companies like $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$.
...
Along this line, you can easily find more companies which are profitable, generating good cash, even debts free and have growth potential. Yes, even against this kind of gloomy macro economic backdrop.
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