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2022 themes include peaking inflation, supply chain easing, higher interest rates and rebound in tourism: PhillipCapital

Felicia Tan
Felicia Tan1/10/2022 1:17 PM GMT+08  • 10 min read
2022 themes include peaking inflation, supply chain easing, higher interest rates and rebound in tourism: PhillipCapital
The brokerage’s STI target for end-2022 remains at 3,400 points.
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In its 2022 outlook strategy report dated Jan 6, PhillipCapital’s head of research Paul Chew has listed four themes he expects to see during the year.

These are: inflation peaking and the easing of supply chain constraints; vaccines to bend mortality [rates]; modestly higher interest rates and a rebound in tourism.

That said, Chew expressed his concern that equities may struggle in the 1HFY2022, as a “stagflation head fake of slower economic growth and rising inflation will worry investors”.

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