Defence, REITs and Resilient Stocks in Uncertain Times

About this episode

The episode discusses the impact of the Middle East conflict on oil prices and inflation, while exploring resilient stocks in Singapore, including upgrades on ST Engineering and Wilmar.

In this episode, our host and Head of Research, Thilan Wickramasinghe, examines how the escalating Middle East conflict is driving higher oil prices, rising inflation risks and travel disruptions, while highlighting areas of resilience within the Singapore market. Our REITs & Industrials Analyst, Krishna, joins the show to discuss rising global defence spending and why he has upgraded ST Engineering, with Addvalue Technologies as another key beneficiary. He also reiterates his positive outlook on S-REITs following the recent market pullback. Our Research Analyst, Miaomiao, introduces her BUY initiation on SATS, explaining how the company could benefit from shifting cargo dynamics despite ongoing travel disruptions. Finally, Our Telco & Internet Analyst, Hussaini, discusses his upgrade on Wilmar, outlining why higher oil prices and improving fundamentals support a more constructive outlook for the stock.

People in this episode

Host: Thilan Wickramasinghe

Guests: Krishna, Miaomiao, Hussaini

Topics covered

• Middle East conflict
• oil prices
• Singapore market
• defence spending
• S-REITs
• travel disruptions
• cargo dynamics

Keywords

• Middle East conflict
• oil prices
• inflation
• S-REITs
• defence spending
• SATS
• travel disruptions
• cargo dynamics
• ST Engineering
• Wilmar

Mentioned in this episode

Organizations: ST Engineering, Addvalue Technologies, SATS, Wilmar

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