OCBC Investment Research is advocating a cautious stance ahead of the UK referendum taking place this Friday, especially toward companies with significant UK exposure.
The research house also maintains its 'overweight' rating on the Singapore market.
"While our base case is for a non-Brexit scenario, we emphasise that the results of the Brexit referendum remain uncertain, and market jitters may yet trigger volatility before the referendum on 23 June," says the research team in a Tuesday report.
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