Singapore Investment Strategy - RHB Invest 2024-07-25: Focus On Bottom-Up Stock-Picking Until Rate Clarity

• Our advice for investors in 3Q24 is to buy into companies based on these investment themes:
  1. Companies undergoing restructuring or laggard plays with improving earnings outlook;
  2. selective exposure to office and hospitality REITs, balanced with positions in industrial REITs, before switching to more cyclical names once there is clarity on interest rate cuts;
  3. - Read this at SGinvestors.io -
  4. buy global industrials, banks with ASEAN exposure, and defensive stocks if Donald Trump becomes US president again; and
  5. bottom-up opportunities in the small-cap space.

Restructuring/laggard plays with improving earnings outlook

• Re-rating/restructuring plays include ComfortDelGro (SGX:C52), SingTel (SGX:Z74). Outside of our coverage universe, we see similar opportunities in Keppel (SGX:BN4), SATS (SGX:S58) and SingPost (SGX:S08).
• - Read this at SGinvestors.io -

ComfortDelGro (SGX:C52).

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Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-07-25 SGinvestors.io

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