Phillip Securities picks banks, property and construction sectors to ride out Q4 volatility

AS investors head into what is likely to be a volatile final quarter, analysts at Phillip Securities sees banks, property stocks and construction players as good bets.

Speaking at a webinar on Saturday (Oct 8), Phillip Securities head of research Paul Chew said the research house’s strategy for the coming quarter is “hibernating for winter” as macroeconomic conditions continue to weaken.

“The macro setup for the fourth quarter, we think, is very weak because we are going to have rising interest rates. At the same time, (we see) decelerating economic growth and recession risks.