Banks, resilient plays are top picks for 2023; China’s reopening also a bright spot

SINGAPORE stocks will likely post gains in 2023, particularly as market watchers expect Asian economies to lead global growth for the year.

To position for 2023, analysts The Business Times spoke to recommended plays on interest rate movements as well as China’s reopening. But they also advised caution as there are still risks looming.

Asia’s companies are expected to gain from China’s impending reopening and be in a stronger position than European and US companies, said Carmen Lee, managing director of equity research at Bank of Singapore and head of research at OCBC Investment Research.