Jaiswal recommends a barbell portfolio strategy, with a mix of growth and defensive stocks. These include large-cap picks Ascendas REIT, City Developments, DBS Group, Genting Singapore, OCBC, SingTel, ST Engineering, Suntec REIT, Thai Beverage, UOB and Wilmar.
Investors in Singapore equities should maintain a balanced portfolio in 2Q2022. Despite reopening, risks are aplenty, says RHB Group Research analyst Shekar Jaiswal.
“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,” writes Jaiswal in an April 19 note.
