Go for visibility and resilience, say DBS Group Research analysts Yeo Kee Yan and Woon Bing Yong, favouring stocks with visible growth like Keppel Corp, ST Engineering, UOB, UMS and more.
“STI’s choppy rangebound trend from the 3,030 to 3,230 level since the middle of March should continue in the weeks ahead,” note Yeo and Woon in an Aug 6 note.
Yeo and Woon expect the “choppy sideways trend” that has been a “characteristic” of the Singapore market to continue in the foreseeable future. They point to the uncertain global Covid-19 situation due to the Delta variant, growing US-China friction, seasonal volatility over the next one to three months with August a typically weak month and normalising growth.
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