What are the top picks of Jarick Seet who was ranked by the Asiamoney Brokers Poll as Singapore’s top researcher for small-cap shares in three of the last four years?
-- Rising global optimism about a coronavirus treatment is prompting a top Singapore analyst to take a bullish view of pandemic-hit small stocks in the city-state.
“Vaccine optimism can make some smaller companies generate exponential returns versus large caps,” said Seet, the head of small and mid-cap research at RHB Securities. “Some money has already started shifting to Covid-hit sectors from stocks such as makers of personal protective equipment.” Meanwhile, shares of some companies linked to the pandemic that have skyrocketed this year appear to be losing steam. Medical apparel maker Medtecs International Corp. has fallen about 18% from its record earlier this month after jumping more than 4,500% for the year. Glove maker UG Healthcare Corp. has dropped around 34% from its all-time high.
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