For him, the theme ahead is investing in the fog of war. “There’s very little clarity, you can’t see what’s ahead, there’s a risk of you falling down. That’s why we are very cautious,” Chew said at the brokerage’s quarterly investment forum on April 11.
Conflict in the Middle East has potentially set off long-term impacts on economies and markets. While Singapore’s equities have stayed resilient, investors ought to be mindful of downside risks. Nonetheless, there remain specific companies plugged into ongoing capex spending and rebuilding themes that might do well, according to Paul Chew, head of research at PhillipCapital.
“I’m not sure if anything interesting has happened over the last one, two months,” quips Chew, in a clear understatement of how investors across the world have frantically been reacting to every twist and turn of the headlines from Tehran and Washington DC.
