In a July 22 note, Lim says she is “watchful of an August pullback for the STI from seasonal factors (likely led by banks), upcoming tariff deadlines and an overbought McClellan Oscillator (short-term market breadth) reading of 33.6 (above 30 considered highly overbought).”
DBS Group Research analyst Lim Rui Wen has picked seven “stocks to watch” as liquidity flows into small- and mid-caps via new fund strategies from three chosen asset managers, which will share a $1.1 billion placement from the Monetary Authority of Singapore (MAS) under its $5 billion Equity Market Development Programme (EQDP).
According to Lim, the 54 Singapore-listed small- and mid-caps under DBS’s coverage averaged month-to-date returns of 7.1%, outperforming the 6.1% registered by the Straits Times Index (STI).
