The Ukraine-Russian conflict narrative has impacted the global supply chain and caused price spikes to many commodities while the COVID-19 pandemic continues to impact certain countries such as China as it continues on its zero-Covid policy course. These policies have led to manufacturing closures, affecting countries globally and China has thus seen its PMI index contract. Consequently, inflation levels have not decreased and to make things worse, countries across the world are forecasting lower GDP growth.
Amidst the tough backdrop, we have identified 5 stocks listed in Singapore that are on the move, either with strong 2022 prospects or are making good progress with their growth plans for the future. Accordingly, these companies could see their share price reflect these plans positively in the months to come.
1) Singapore Telecommunications Limited (Singtel) (SGX:Z74)
Singtel has been busy lately, they have carried out a few acquisitions and also did a partial stake disposal in Airtel Africa as part of their capital recycling strategy....