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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Banks, consumer staples and healthcare are top picks

Banks, consumer staples and healthcare are top picks

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VALUEPICK

VALUEPICK
Expert
Expert

http://www.theedgemarkets.com/sg/article/banks-consumer-staples-and-healthcare-are-igs-top-picks-ahead-fed-meeting

Banks, consumer staples and healthcare are IG's top picks ahead of Fed meeting
By PC Lee / theedgemarkets.com | Marc

SINGAPORE (March 15): The upcoming meeting of the US Federal Reserve is expected to drive the stock markets this week, Bernard Aw, market strategist with IG says.

There is a consensus in the market that the Federal Open Market Committee — the Fed’s rate-setting panel — is not going to raise interest rates when it meets on Wednesday.

“Uncertainty drives volatility. Lack of uncertainty on the US Fed move augurs well for the market," he told The Wall Street Journal.

Singapore banking stocks — DBS, Oversea-Chinese Banking Corp and United Overseas Bank — should do well if the Fed affirms expectations and avoids a rate rise this week, but signals that future hikes are in the works, says Aw.

His top sector picks are consumer staple stocks and the healthcare industry, which he views as solid defensive picks in a challenging business climate.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Consumer staples and healthcare shares might be okay but banking shares has very negative outlook. Credit growth will be at declining rate, SRR was increased, corporate tax was increased and several measures was introduced to curtail leasing business. One of the most lucrative and safest lending product in banks is leasing.

I recommend people to hold on to banking shares rather than into them during these uncertain tyms.

VALUEPICK

VALUEPICK
Expert
Expert

When compare with some other banks Sri-Lankan banks are sound. In the short run they may have some slight slowdown still they can make profits. In addition we have to study banking sector to find out quality of assets that they hold and their growth etc. Then we can pick best managed banks in the CSE according to our strategy. We may have some value opportunity in 2016.

Globally there will be great demand for well managed and growing consumer staples and health care companies in 2016/17 and some consumer staples will break their 52 weeks high and all time high in 2016.

Consumer staples are household necessities.

Examples of consumer staples include food, drugs, beverages, tobacco, and basic household products.

The healthcare sector

Companies that specialize in products and services related to health and medical care.

Examples of these companies include biotechnology companies, orthopedic devices and surgical suppliers, pharmaceutical companies, health insurance providers and companies that manage clinics and hospitals.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Banking sector has performed fairly well amidst many challenges particularly imposed by policy makers. new strategy of top banks in the country is to extend overseas business as they have reached to matured level of their business cycle.

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