Janice Chua, senior vice-president and head of research at DBS Vickers has swept numerous awards for picking the right stocks and making accurate forecasts. So, I listen with great intent when she announces her buy list for the Jan 2011 rally. She will be buying rig builders, plantations and tourism related stocks. Chua sees the current Korean tension as temporary, and is recommending buying stocks during this current market lull.
She recommends rig builders because she sees the upward cycle for newbuild jack-up rigs continuing, as oil majors are spending again in view of high oil price. Stocks: Keppel Corp and SembMar in that order. Plantation stocks are also recommended because "we are entering into an inflationary boom cycle and a period of high liquidity means that commodities like palm oil willl be going up. Stocks: Indofood, First, Noble and Olam. Finally, go for tourism because there will be a rise in holidaymakers during December and new junkets expected next year. Stocks: Genting, CDL Hospitality, SIA and UOL.
No comments:
Post a Comment