Singapore banks to benefit from rising interest rates
RHB Group Research analyst Shekhar Jaiswal is recommending investors have a mix of growth and defensive in their Singapore portfolio amid the current inflationary environment and the geopolitical uncertainties.
“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well stocks and sectors deal with uncertainty over the inflation outlook; supply chain disruptions because of the Russia-Ukraine war and China’s zero Covid-19 strategy; and general caution ahead of the size of the rate hike at the May Federal Open Market Committee (FOMC) meeting,” Jaiswal writes in his report dated April 21.
