Market Insights 2H22

It's been bumpy for investors so far in 2022. The Russia-Ukraine conflict has affected the global markets and central banks around the world are likely to raise interest rates to combat inflation. What are the opportunities and risks investors should look out for in 2H22?

Join us at our upcoming Analyst Week via webinars as our analysts share the market overview and outlook, and their incisive views on what to look out for in 2H22. Kindly register for the respective webinar you wish to attend.

Bullish SG Market Outlook + Seeking Shelter in Defensive & Quality Stocks

5 July 2022 | Tuesday | 6.30pm – 7.30pm

The Singapore market has done well this year relative to regional and global peers. Despite the strong macroeconomic headwinds, we believe that investors should remain engaged in equities. We will present our views on where the STI could be headed and our top stock picks.

Since our recommendation in the previous Analyst Week in Jan 2022, one of our top picks, BRC Asia has seen its share price rallied by more than 10%. We believe the small / mid cap segment will enjoy a recovery in the second half of 2022, after a poor first half performance where the FTSE ST Small Cap Index has fallen by around 10% YTD. The key drivers of the recovery include reduced hawkishness of US Fed after a heavy front loading rate hike, easing of inflation pressure and further reopening of Singapore economy.

Speaker's Profile

Adrian comes with over 20 years' experience in equities research. Prior to joining UOB Kay Hian, he was in corporate advisory and completed over US$50 million in capital raising projects for SMEs in a diverse range of industries.

John is a ranked analyst in the healthcare and small-cap sectors in the Asiamoney Brokers Poll. Prior to joining UOB Kay Hian, he spent 7 years in Maybank covering a wide range of sectors including healthcare, manufacturing, logistics and small caps.

Recovery on Track for Aviation + Bond Yields Staying Higher for Longer

7 July 2022 | Thursday | 6.30pm – 7.30pm

Global air travel is expected to recover to the pre-pandemic levels by 2024. However, the paces of recovery are expected to be uneven across different geographies and different parts of the aviation value chain. We will present an update on our view on the aviation sector recovery and address relevant Singapore aviation plays to ride the recovery.

Structural changes cause persistent and elevated inflation, which leads to bond yields staying higher for longer. Interest rates are on the rise. We believe that NIM expansion is expected to be the key driver of earnings growth for Singapore banks as liquidity is tightened and the Fed institutes a series of interest rate hikes.

Speaker's Profile

Roy is a Senior Equity Analyst covering the regional aviation sector. He has 10 years’ experience as an investment professional, including 7 years in equity research and 3 years in the corporate development (M&A and Strategy) function of an SGX-listed transportation conglomerate.

Jonathan has 24 years of experience in equity research and fund management. He was ranked by the Asiamoney Brokers Poll as the No. 2 Best Analyst for Telecommunication Services in Singapore in 2017 and No. 3 Overall Earnings Estimator for Singapore in 2012 in the Thomson Reuters Analyst Awards.

No Tech Thursday + Selecting the Right Fund for Your Portfolio

14 July 2022 | Thursday | 6.30pm – 7.30pm

We are not going to talk about tech stocks which have gotten enough attention. Instead we will do a focus on four non-tech US stocks which are popular with Singaporean investors. Let us examine how high inflation, rising interest rates and a slowing economy will impact their earnings, and discuss whether their share prices have already overreacted to potential bad news.

2022 has proved to be a challenging start for both equity and bond investors. Persistently high inflation, slower economic growth, and a trajectory for higher interest rates remain at the center stage. For investors who are looking for portfolio diversification, we will share fund ideas to complement with Paul's “No Tech Thursday” session.

Speaker's Profile

Paul is the strategist of UOB Kay Hian Wealth Management. He has 30 years' investment experience in the capital markets and commodities and has held positions in the UK, Geneva, Singapore and the US for the world’s largest commodities trading firm.

Shu Le is a Fund Research Analyst focusing on Unit Trust research and analysis. Prior to joining UOB Kay Hian, she was conducting market research in the asset and wealth management industry in the region.

Please note that the webinars are password-protected. The password can be found in the confirmation email once you have registered.

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