These factors are supply chain disruptions caused by Russo-Ukrainian war and China’s zero-Covid-19 policy; uncertainty over the rate of rise in inflation; and the resultant expectations of rapid rises in interest rate hike for the rest of 2022.
RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.
Although the reopening as well as the government’s assurance on its plans to keep the economy open if Covid-19 cases spike bodes well for business and tourism, Jaiswal maintains that the Singapore equities outlook will depend on how well stocks and sectors deal with ongoing factors.
