Citi favours defensive stocksMr Boonnisaed sees opportunity in digital and health tech. Citi Thailand likes defensive stocks focused on digital and health tech to build a positive return on investment for high-net-worth customers amid recurring financial market volatility caused by the coronavirus crisis. The crisis does, however, offer an investment opportunity in defensive stocks with hedging characteristics, especially digital and health tech stocks, Mr Boonnisaed said. With this scenario, Citi is paying more attention to defensive stocks with a focus on the Chinese and US markets in order to build up return on investment amid the pandemic. As a result, investment in defensive stocks is an alternative during the economic downturn.

Source: Bangkok Post July 21, 2020 19:18 UTC