SINGAPORE (July 28): The local stock market may be headed for a correction in the third quarter of this year, but that should not deter investors from putting their money into stocks right now.

Some segments of the market look set to head higher on the back of improving macroeconomic fundamentals, with some of this recovery yet to be priced in.

Property stocks, for instance, will likely be supported by growing demand. And select hospitality plays have been underappreciated. The manufacturing sector, meanwhile, is likely to continue its recent rally as tech equipment and component makers continue to enjoy strong order flows.

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