The US stock markets have ended April with a bad note. And things are going from bad to worse as the US tech stocks are just free-falling.
That said, Singapore stocks have stayed pretty resilient during this time; maybe because we are quite stable even when the US markets are roaring in the past.
It may be better to turn inwards to Singapore stocks amid the carnage. Here are 7 stocks that analysts are bullish on.
Stock Idea #1 Far East Hospitality Trust
UOB Kay Hian has maintained its Buy rating on the stock with a target price of $0.82.
The reopening of international borders is the biggest push for the good rating.
“Outlook has improved with the rapid reopening of international borders in Apr 22.
Three hotels under government contracts were redeployed to serve business and leisure travellers in 1Q22 while serviced residences benefitted from the sustained increase in long-stay corporate and project groups. We forecast that FEHT’s distribution yield will...