Amid widespread selling in the second half of 2018, the analysts say value has emerged in selected beaten down sectors, particularly in the telecommunications, banking and consumer goods sectors.
SINGAPORE (Dec 19): SAC Advisors says it remains “cautiously optimistic” about the Singapore market in 2019, despite volatile market conditions on the back of global geo-political risks.
“While lingering issues in 2018 like the collapse of the Argentine peso, the crisis in Turkey, the weakness of the Indonesian rupiah and Italy’s debt-driven deficit are likely to persist in 2019, we see the US-China trade war as the single greatest uncertainty to the local and global markets moving forward,” say analysts Terence Chua, Jaime Lo and Lam Wang Kwan in SAC’s year-end review report for 2018.
