HPH Trust, DFI Retail Group, SIA, REITs and other counters are DBS's top picks on China reopening and balanced Fed

DBS Group Research’s team of analysts have identified several Singapore Exchange (SGX)-listed counters which include REITs and semiconductor (semicon) stocks as their top picks in April. The team’s selections are based on the refocus on the reopening and recovery of China and Hong Kong as well as renewed interest with the current US Federal Reserve (US Fed) rate hike cycle ending by May.

The picks are Hutchison Port Holdings Trust (HPH Trust) (SGX:NS8U) , DFI Retail Group Holdings (formerly Dairy Farm) (SGX:D01) , Singapore Airlines (SIA) (SGX:C6L) , REITs such as CapitaLand China Trust (CLCT) (SGX:AU8U) , CapitaLand Ascott Trust (CLAS) (SGX:HMN) , CapitaLand Ascendas REIT (CLAR) (SGX:A17U) , LendLease Global Commercial REIT (LREIT) (SGX:JYEU) , UMS Holdings (SGX:558) , and Venture Corporation (Venture Corp) (SGX:V03) .