Banks, utilities top Morgan Stanley's top stocks in Singapore

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pemDBS, OCBC, Singtel, Sembcorp and Genting are its top picks./em/p pDefying global uncertainties, Singapore’s equity market is well-positioned to benefit from elevated interest rates with high-dividend stocks and companies riding the AI boom leading the upswing, according to Morgan Stanley.

Defying global uncertainties, Singapore’s equity market is well-positioned to benefit from elevated interest rates with high-dividend stocks and companies riding the AI boom leading the upswing, according to Morgan Stanley.

It recommended positioning in stocks and sectors that could ride the global trends as well as those with high-yield and low-risk features as they will stay resilient in an elevated interest rate environment. “Our selection criteria includes alignment with critical investment themes that are global, such as AI tech diffusion as well as rather uniquely local, such as corporate restructuring,” the note read.

Placing big bets on firms undergoing corporate restructuring will also allow investors to reap the benefits of these exercises meant to make companies more competitive.

 

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