UOB Kay Hian Top Stock Picks

Given the outlook, the team continues to like financials, selected re-opening plays, and Covid-19 resilient sectors.

Top stock picks include OCBC and SGX for financials and ComfortDelGro, Frasers Centerpoint Trust, Genting Singapore, Lendlease Global Commercial REIT, and Thai Beverage for re-opening plays.

For Covid-19-resilient sectors, the team likes tech companies Nanofilm Technologies and US-listed Sea, as well as healthcare companies including Riverstone and industrial REITs such as Ascendas REIT and Frasers Logistics Trust.

In addition, UOB Kay Hian is bullish on companies whose earnings are predominantly from China where the Covid-19 situation has been contained, such as Yangzijiang Shipbuilding. The team also likes companies undergoing significant strategic transformation, such as Sembcorp Industries.