Mathan Somasundaram

Macro outlook: Central banks and growth worries remain the key risks for global equity markets. Recent selloff on short term currency strength offers another opportunity into growth sectors like Materials, Commercial Services, Gaming, Tourism, Health Care and Information Technology. The defensive yields on offer from Transport Infrastructure, Telecommunication Services and Utilities will get global interest as currency settles. Preferred picks in Materials: AMC, ORA and PGH; Preferred picks in Commercial & Professional Services: BXB and IPH; Preferred picks in Transport: MQA, QUB, SYD and TCL; Preferred picks in Consumer Services: AGI, ALL, MTR and RFG; Preferred picks in Media: APN, APO, FXJ, OML and VRL; Preferred picks in Staple: A2M, BAL, BKL, WES and WOW; Preferred picks in Health Care: CSL, MYX and RHC; Preferred picks in Information Technology: ACX, ALU, GBT, HSN and IFM; Preferred picks in Telecommunication Services: SPK and TLS; Preferred picks in Utilities: SKI . (VIEW LINK)


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