He adds that Singapore continues to offer opportunities to accumulate stocks that leverage on an economic re-opening.
Risks from a resurgence in Covid-19 cases and a possible tightening of measures both locally and abroad has not derailed RHB Group Research’s optimism on Singapore’s equity market.
“For 4Q2021, market outlook will continue to depend on how well stocks and sectors can contend with the current Covid-19 constrained growth [and] elevated inflation amidst supply chain disruptions, expectations of an early interest rate hike and corporate efforts to maximise operational efficiencies,” analyst Shekhar Jaiswal explains in an Oct 20 note.
