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'Stay defensive' with Kimly, Sheng Siong, DBS, OCBC and more: RHB

Jovi Ho
Jovi Ho10/26/2022 12:56 PM GMT+08  • 5 min read
'Stay defensive' with Kimly, Sheng Siong, DBS, OCBC and more: RHB
Investors should buy banks, build exposure to selective economic reopening plays and rotate into industrial and office REITs.
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Stay defensive and look for value opportunities among Singapore Exchange (SGX) names, says RHB Group Research analyst Shekhar Jaiswal in a Singapore strategy note.

“Given the rising global macroeconomic risks, equity markets are likely to continue being volatile. Investors should maintain a defensive stance in 4Q2022 as we believe companies with resilient earnings, as well as the ability to pass on costs and maintain strong cash flow should outperform in the current environment,” writes Jaiswal in an Oct 26 note.

Jaiwal recommends investors to buy banks, build exposure to selective economic reopening plays and rotate into selective industrial and office REITs.

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