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CDG, CLI, CICT, SGX, Singtel and Wilmar among Maybank's barbell approach amid market uncertainty

Felicia Tan
Felicia Tan3/18/2022 03:21 PM GMT+08  • 3 min read
CDG, CLI, CICT, SGX, Singtel and Wilmar among Maybank's barbell approach amid market uncertainty
The barbell approach seeks to balance “defensiveness with structural growth”, says Maybank analyst Thilan Wickramasinghe.
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As the Russia-Ukraine conflict drags on, Maybank Securities analyst Thilan Wickramasinghe sees risks of the prolonged conflict dragging Europe into a recession.

As Singapore’s GDP has a sizeable 7.7% exposed to the European Union, a slowdown on the continent could have negative impact on revenues, costs and returns for Singapore’s corporates, says the analyst.

The rising risks of Europe seeing a recession given its high dependence on Russian energy supplies could have a domino effect on Singapore’s economy and corporates in terms of downsides to sales, he reiterates.

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