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AEM, Venture Corp, MINT, FLT, SATS, SIA and ART among DBS’s picks for tech sector, REITs and reopening plays

Felicia Tan
Felicia Tan6/2/2022 08:00 PM GMT+08  • 3 min read
AEM, Venture Corp, MINT, FLT, SATS, SIA and ART among DBS’s picks for tech sector, REITs and reopening plays
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As the US Federal Reserve expects a total of seven interest rate hikes in 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong see a “base building month ahead” with June marking a peak in rate hike worries.

The brokerage’s rates strategist is also estimating inflation fears to peak in the second quarter and improve thereafter, the analysts write in their May 27 report.

On this, the analysts are seeing support at 3,142 points for the benchmark Straits Times Index (STI) as valuation is “inexpensive” at a 12-month forward P/E of 12.2x and -1 standard deviation.

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