Brokers' take

Singapore markets

UOB Kay Hian, Sept 14

The People's Action Party (PAP) returned to power but with a higher-than-expected share of popular votes. This is a vindication of its policies post the 2011 elections and is mildly market positive. In our view, sectors that could see longer-term impact from potential tweaks in government policies include property and land transport.

Looking ahead, we see several themes to navigate the current uncertainties. These include: a) resilient yield in low growth environment (picks: Singtel, SATS, CCT), b) favourable risk-reward stocks (picks: CapitaLand, Wing Tai, SCI, Ezion), c) mergers & acquisitions (picks: Guocoland, Wheelock Properties), and …