Daljeet Singh Kohli says: “If the interest rate scenario is changing and all these issues about US hard lending and soft lending going away, then things will start normalising. In the meantime, the stock valuations in tier one IT companies have become quite attractive. So IT will come back after a quarter or two.”
“A very strong premiumization trend playing out in the auto industry and even if volume growth is high single digit, the actual revenue growth is transiting into mid-teens or even higher because the average selling price of the models across the board in all the segments including tractors is going up. The next few quarters look very exciting for the auto industry.”
“Post Covid, there has been a lot of understanding amongst the investing public among the insuring public that you need to be adequately covered because even healthy people started getting claims. So that is an area where there were high claims ratios but going forward in the last two years, we are seeing tremendous growth in that sector.”
"We believe the long-term capex story remains intact as we are seeing a massive shift in the capex cycle benefiting from the China plus strategy. For us the domestic capex story remains intact and consumers and corporate sentiments are resilient with a steady macro regime post-COVID, but we do not rule out the volatility as the hardening of USD and crude oil prices could pose a challenge in the interim."
Amid changing family dynamics and a rapidly ageing society, Singapore will need to double down on investing in human capital and consider a more sustainable system of immigration.