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VIRUS OUTBREAK

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

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-...

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