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Buy these quality stocks on dips as the 'Great Singapore Sale' continues, says OCBC

Michelle Zhu
Michelle Zhu2/7/2018 12:30 PM GMT+08  • 2 min read
Buy these quality stocks on dips as the 'Great Singapore Sale' continues, says OCBC
SINGAPORE (Feb 7): With the latest surge in market volatility and resultant sell-offs, OCBC Investment Research is now declaring it the “Great Singapore Sale” for SGX-listed stocks upon viewing the current correction as a good opportunity to re-enter
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SINGAPORE (Feb 7): With the latest surge in market volatility and resultant sell-offs, OCBC Investment Research is now declaring it the “Great Singapore Sale” for SGX-listed stocks upon viewing the current correction as a good opportunity to re-enter the market.

“While risks of further weakness remain for the near term, there are still positive drivers for equities, and supported by broad-based economic growth and healthy corporate earnings. In addition, markets have been on a strong uptrend since late last year,” notes OCBC’s head of research, Carmen Lee, in a Wednesday report.

The Hang Seng Index’s recent performance is one such example, yielding total gains of 10.2% over the first 18 trading days of 2018 with 17 days of gains. This surprised consensus expectations of the index to post a 10% gain for the year at the beginning of the year, recalls the head of research.

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