Why DBS Bank strategist Joanne Goh prefers smallcap and midcap stocks in this bull market
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While many other institutional investors have been raising red flags over the non-stop rise in share prices in the broader market, Joanne Goh, Senior Investment Strategist of DBS Bank, prefers small and midcaps on a risk-adjusted basis, saying that high growth potential offers opportunities for significant returns. "With the near doubling of public capex in the government’s agenda, capex recovery is likely to continue driving economic and corporate earnings growth for equity markets in the near future," she says. In this chat with ETMarkets, Goh also shares expectations from Budget, earnings outlook and more. A consensus view on Dalal Street is growing that the upcoming Union Budget will be in sync with the existing agenda around capex, growth, and manufacturing. What are your expectations? The incumbent NDA coalition is expected to follow through with policies that were kickstarted in the previous term, including expanding the ...