In their May 4 report, the analysts have highlighted that the reopening theme is a subject that they have remained positive on, even during the initial Omicron sell-off in late November in 2021.
DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong are recommending investors switch from stock leaders to laggards on the recovery theme.
This is as shares in counters benefitting from the reopening theme have re-rated since the easing of measures. Some of the easing of measures include the lowering of the DORSCON code to yellow from orange.
