Defence, oil and other names: Analysts look at ways to invest amid Israel-Iran conflict
Some analysts are neutral on the oil and gas sector, while others say an escalation in the conflict could prove negative for airlines
[SINGAPORE] Recent attacks between Israel and Iran have caused investors to mull over where to place their bets next, especially with defence names rallying, as well as gold and oil prices spiking.
Overall, global defence contractors on average rallied as much as 4 per cent in the initial reaction after the Israel-Iran attacks, Morningstar noted.
General Electric Aerospace closed at US$235.75 on Tuesday (Jun 17) on the New York Stock Exchange, recording a more than 40 per cent year-to-date increase. US multinational aerospace and defence conglomerate RTX also closed 28.3 per cent higher in the year to date at US$148.48 on Tuesday.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
DBS to launch tokenised physical gold for retail customers in Singapore
S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan
Singapore men, are you OK?