Research Ideas Singapore Strategy Expect short volatility episode, improving outlook is intact

• Rotation into value has legs
• Vaccinations pave the way for gradual re-opening
• Remain positive on Singapore

Some of our buy-rated stocks include Ascendas REIT, Ascott Residence Trust, CapitaLand Integrated Commercial Trust, CapitaLand, City Developments, DBS Group Holdings, Frasers Centrepoint Trust, Frasers Logistics & Commercial Trust, Keppel DC REIT, NetLink NBN Trust, SATS, Singapore Telecommunications, United Overseas Bank, UOL Group and Venture Corp. (Carmen Lee)