“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well stocks and sectors deal with: uncertainty over the inflation outlook, supply chain disruptions because of the Russia-Ukraine war and China’s zero-Covid-19 strategy and general caution ahead of the size of the rate hike at the May Federal Open Market Committee (FOMC) meeting,” writes Jaiswal in an April 19 note.
Jaiswal recommends a barbell portfolio strategy, with a mix of growth and defensive stocks. These include large-cap picks Ascendas REIT, City Developments, DBS Group, Genting Singapore, OCBC, SingTel, ST Engineering, Suntec REIT, Thai Beverage, UOB and Wilmar.
$DBS GROUP HOLDINGS LTD(D05.SI)$ $GENTING SINGAPORE LIMITED(G13.SI)$ $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$ $SINGTEL(Z74.SI)$
source: the edge
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