Defensive stocks seen benefitting from Phase 2

Consumer staples such as Wilmar, semicon play AEM and UMS, and banks feature among top picks of analysts

Published Tue, Jun 16, 2020 · 09:50 PM

Singapore

BEYOND the obvious beneficiaries of the earlier-than-expected Phase 2 - namely retail malls, eateries and public transport operators - analysts are also recommending investments in defensive stocks with earnings growth and dividend visibility.

In a report on Tuesday, CGS-CIMB listed recovery plays such as retail mall landlords CapitaLand Mall Trust, Frasers Centrepoint Trust, SPH Reit, Starhill Global Reit, Mapletree Commercial Trust and Suntec Reit, as well as ComfortDelGro Corporation, and F&B operators Koufu Group and Jumbo Group. (see amendment note)

This is as conditions will be eased with effect from Friday to allow retail businesses to re-open their physical outlets. Dining…