- Amid expectations of improved economic growth in 2024, higher-for-longer interest rates, and the S$ being a relative outperformer in ASEAN, we recommend that investors focus on stocks that feature earnings sustainability and offer high yields.
Opportunities exist, but investors should be selective.
- - Read this at SGinvestors.io -
- Despite the recent underperformance, we expect REITs to outperform in 2024, aided by interest rate cuts, and recommend that investors regard price dips as stock accumulation opportunities.
2Q24 investment themes.
- These are:
- Risks of higher inflation and (possible) delays in interest rate cuts should keep Singapore banks in investors’ portfolios;
- - Read this at SGinvestors.io -
- regard price dips as stock accumulation opportunities in REITs, with exposure in office and hospitality REITs balanced with positions in industrial REITs;
- retain exposure to quality companies offering defensive earnings;
- exposure to beneficiaries of the continued revival in Singapore’s tourist inflows; and
- bottom-up opportunities in the small-cap space.
Theme 1: Risks of higher inflation and (possibly) delays in rate cuts will keep banks in play
- Read more at SGinvestors.io.
