Singapore Market Focus - DBS Research 2022-09-28: Prefer Reopening & Resilience Plays As Volatility Bites

• Pricing in a technical recession – Our chief economist continues to adjust global growth expectations. US recession odds have risen with FED funds rate anticipated to reach 5% by 1Q23 and US GDP y-o-y growth cut to 1.5% for this year and 0.3% next year. Singapore’s core inflation may stay elevated in the coming months according to MAS.
• - Read this at SGinvestors.io -

3Q22 results season will have roses and thorns

• 3Q22 results season of SGX listed companies commences mid-October. See Earnings Calendar.
• - Read this at SGinvestors.io -
• But Daiwa House Logistics Trust (SGX:DHLU) may suffer a DPU cut with the weak JPY, and Digital Core REIT (SGX:DCRU) as well with just 50% of its debt hedged.

REITs affected by higher-for-longer rates

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

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