He is also positive on the tech sector, as its valuations are now more reasonable after the correction made earlier this year, particularly within the manufacturing space as the supply shortage should ease in 2H2022, removing the barriers for players facing strong order demand.
Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — a daunting task amid the highest prices ever seen in decades and challenges to major economies like the European Union (EU) and China.
Despite a more challenging market environment, the easing of Covid-19 restrictions in Singapore could see winners emerge in the tourism and F&B sectors. At the same time, RHB Group Investment Bank’s Regional Equity Research head Alexander Chia is also optimistic about several oil and gas (O&G) players who could benefit from the soaring oil prices, driven higher by Russia’s invasion of Ukraine, EU sanctions on Russian oil and the likelihood of tighter supply.
