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Consumer, construction and O&G stocks among RHB’s top picks amid gradual economic recovery 

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Uma Devi

Uma Devi

Published Thu, May 12, 2022 · 07:15 PM
    • While small-cap stocks are set to have a good run, the Straits Times Index's returns could be stuck in the mid-to-low single digits, said RHB analyst Shekhar Jaiswal.
    • While small-cap stocks are set to have a good run, the Straits Times Index's returns could be stuck in the mid-to-low single digits, said RHB analyst Shekhar Jaiswal. BT

    THE likes of the Covid-19 pandemic, rising inflation levels and the ongoing war between Russia and Ukraine have contributed to a dour market landscape for investors, but RHB analysts said certain sectors in Singapore like consumer spending, construction, tech and certain commodities, warrant a closer look as the world gets back on the recovery track. 

    Speaking at the launch of the brokerage’s Top 20 Singapore Small Cap Companies Jewels for 2022, RHB Investment Bank’s chief executive Ganesh Sabaratnam said the global economic landscape remains challenging, and many central banks around the world are “treading a fine line” between managing inflation levels and maintaining economic growth. 

    “Despite a more challenging market environment, small cap companies are able to remain ahead of the curve by being quicker in leveraging any opportunities,” said Sabaratnam, noting that larger companies are not as “nimble”. 

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