Notably, RHB has “buy” calls on all six capital goods counters under its coverage, including the three large-cap offshore and marine (O&M) stocks.
SINGAPORE (Dec 26): Capital goods – which are used in producing other goods, rather than being bought by consumers – are on the cusp of a “strong recovery” in earnings growth, market watchers say.
CGS-CIMB Research and RHB Group Research both have “overweight” ratings on the capital goods sector.
