With this in mind, Yeo and Foo like UMS, ComfortDelGro (CDG), Digital Core REIT and Thai Beverage (ThaiBev) as they see an improving outlook for the 2HFY2023 for these counters.
DBS Group Research analysts Yeo Kee Yan and Foo Fang Boon have identified seven Singapore Exchange (SGX)-listed stocks to ride out the market swings that may happen in the next two months.
Factors contributing to the sideways volatility are the concerns over China’s slowdown and the sustainability of the current economic resilience of the US. The high-frequency economic data from the US that’s driving reactions to the US interest rate outlook and whether the US Federal Reserve will be able to engineer a soft-landing are also other factors.
