UOB KAYHIAN |
UOB KAYHIAN |
Singapore Post (SPOST SP)
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Telecommunications – Malaysia
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MAYBANK KIM ENG |
MAYBANK KIM ENG |
Navigating growth & inflation Cautiously upbeat. Stay defensive Of the 19 corporates presenting at our IA Singapore Week conference, a majority expects to deliver growth despite underlying macro headwinds. Some see opportunities for expansion through M&A, leveraging on robust balance sheets. Of course, rising interest rates, inflation, geopolitics as well as labour shortages are critical concerns. Strategies are focusing on limiting their impact. We maintain our defensive stock picks balancing strong earnings visibility and competitive moats ( DBS, OCBC, SGX, CDREIT, CD) with those offering thematic growth (CLI, SingTel, ST Eng, Raffles Med, Venture). |
Gamuda (GAM MK)
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CGS CIMB | CGS CIMB |
United Malacca Bhd
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Sembcorp Marine
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