Singapore stocks tipped to beat Asian peers on cyclical rebound from pandemic

📆 02/09/2020 09:36 p. m.
📰 The Straits Times

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SINGAPORE (BLOOMBERG) - Stocks in Singapore appear to be the best-placed in Asia Pacific to benefit from a potential cyclical recovery and success in finding a cure for the coronavirus, analysts say.. Read more at straitstimes.com.

SINGAPORE - Stocks in Singapore appear to be the best-placed in Asia Pacific to benefit from a potential cyclical recovery and success in finding a cure for the coronavirus, analysts say.

"We rate Singapore one of our most-preferred markets in the region," backed by"recession valuations" and expectations of an earnings recovery, said Hartmut Issel, head of APAC equities and credit at UBS Global Wealth Management. At about 84 per cent, the weighting of cyclical stocks in the STI gauge makes for the highest exposure among major benchmarks in the Asia Pacific region. That's even after excluding pandemic winners like technology and communication services. Banks - 41 per cent, real estate - 22 per cent and industrials - 17 per cent are the most dominant sectors.

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