To him, this is an affirmation of the strategy DBS has advocated for the past two years, to take sizable bets on “irreversible” growth trends as the world economy becomes a more digital one. Sectors set to benefit include ecommerce, 5G plays and semiconductor companies.
SINGAPORE (July 9): Tech and healthcare stocks have outperformed the market in recent years but from the perspective of DBS Group Holdings, these are still the sectors to stay bullish on.
“It is worth noticing that in tech and healthcare, they have recouped all the losses after the pandemic meltdown, and have hit all-time-highs, unlike other sectors still struggling,” says DBS’ chief investment officer Hou Wey Fook at the bank’s 3Q outlook briefing.
