All eyes were on Jackson Hole’s central bank conference and S&P 500 plunged 6.7% after the speech was made by Powell. It was an extremely hawkish stance that the FED will do all it can to tame the inflation. This has spooked the stock market and caused it to plunge. That said, Singapore was relatively safe from the tremors spreading across US. Here are 7 recovery stocks that analysts are positive on and you can probably add to your watchlist. Stock Idea #1 ST Engineering CGS CIMB has maintained its Add rating on the stock with a target price of $4.53. The company’s strong order books bode well for its future and thus the bottom line. “STE’s stake in the New Kaohsiung Yellow MRT Line contract amounts to S$1.4bn. This is part of the c.S$8.8bn contract awarded to the consortium with Siemens Mobility and Stadler Rail which are responsible for the provision of signalling systems and rolling stock. STE is the main project manager for this contract, which includes above-ground train depot design, construction, equipment fit out, provision of communication systems, automatic fare collection system, platform screen doors, and traction electrification system....