Reassess 2020 winners, reduce exposure to supermarkets, glove makers: DBS
Singapore
DBS Group Research on Tuesday said it is time for investors to reassess their positions, recommending that they reduce exposure to "2020 winners" such as supermarkets and glove makers and focus instead on tech, logistics and yield plays.
This comes as the first outcome for final vaccine trials could be ready as soon as October, with more by Q1 2021, DBS noted. "The light at the end of the tunnel is the successful outcome among the current 38 vaccine candidate trials, 10 of which are now in Phase 3," the research team said.
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