Stay defensive, advises DBS, and remember H.I.D.E.

SINGAPORE (June 28): Investors should stay defensive and favour stocks which are “High growth, Infrastructure-related with Dividends and Earnings visibility” in the low growth high volatility environment after Brexit.

“With global concerns from an already weak environment in focus and very few signs of a recovery to exports numbers, the event should spark another round of growth downgrades beginning from forecasts in the Eurozone area,” says DBS Regional Equity Strategist Joanne Goh in a Monday report.

“The hope of a better second half in terms of global recovery should diminish and risk appetite is unlikely to return. One should expect further slowdown in growth momentum amid heightened uncertainty,” she adds.

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