
Investors should make a beeline for blue chips this 4Q: analyst
It’s a great time to accumulate quality stocks.
Singapore’s 50th year will bring in a bounty of goodies, mainly in the form of better dividend payouts, led by key government-linked listed entities.
OCBC Investment Research’s Carmen Lee says that M&As, IPOs and key corporate activities are expected to be pushed back into 1H15 as the quieter final quarter of the year is nearing.
Lee adds that OCBC Investment Research is overweight on the banks and continues to like DBS and UOB, with DBS as the top pick in the sector. Other stocks on DBS’ BUY list include CapitaLand, Ezion, FCT, Hotel Properties, Keppel Corp, Keppel Land and Wheelock.