Top SG stocks to invest in amidst choppy global markets

Morgan Stanley kicked CapitaLand Investment Ltd (CLI) off its list.

Those eyeing to invest amidst global macro uncertainties should turn their attention to banks over property stocks, according to Morgan Stanley.

In a report, the analyst said banks look "especially well-positioned to weather cost inflation headwinds and provide sustained growth in earnings and dividends."

"We believe banks may be more viable alternatives to stocks in the real estate and travel-related sectors as a shelter against high inflation," the analyst added.

Morgan Stanley, however, warned that travel-related stocks are still trading below pre-COVID levels and so are their earnings expected two years out.

Given that banks would also be "positively levered to the reopening theme," the analyst has also replaced property stock CapitaLand Investment Ltd (CLI) in their focus list companies with DBS.

With CLI's removal, Morgan Stanley's top picks now consist of DBS, UOB, Sea Limited, Keppel Corp, and Sembcorp Industries.

Apart from banks, the analyst said energy sticks will also likely outperform the property sector.

"As elevated energy prices persist, energy/utilities stocks like Sembcorp Industries will likely continue to benefit in the near term," Morgan Stanley said.

On tech stocks globally, Morgan Stanley said: "Current risk-off sentiment may not be in their favour, but the longer-term secular growth story remains in place at valuations much cheaper than before."

Follow the link for more news on

Morgan Stanley

Singapore Investments

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia