Following the reporting season for the 4QFY2021, Lock and Lim have upped their FY2022 earnings estimates for the companies under their coverage by 2.2%-9.7%.
In their March 8 report, CGS-CIMB Research analysts Lock Mun Yee and Lim Siew Khee say they advocate a risk-off approach in the near term by positioning in REITs for their yield and stability.
At the same time, the analysts recommend that investors should watch for a tactical entry into banks for the interest rate upcycle in the medium term, as the US Federal Reserve looks to raise their rates in March.
