Spotlight on ST-SGX Research Leaders

Assess your risk appetite before buying a stock

The ST-SGX Research Leaders' Insights Series features 10 research experts who take turns to offer their views each month. This week, The Sunday Times meets Yeo Kee Yan, who is vice-president of equity research at DBS Bank. He is responsible for formulating the Singapore equity strategy, tactical ideas as well as managing the bank's top equity picks. The 52-year-old holds a bachelor's degree in engineering.

A I adopt a top-down approach for strategy. At the macro level, I look at indicators such as the global purchasing managers' indexes, fiscal and monetary policies, the US dollar against Asian currencies, treasury yields and oil price.

At the country level, I track the purchasing managers' index, the outlook of the US dollar against the Singdollar, stock market valuation and the Straits Times Index's (STI) technical outlook. Finally, at the sector level, my attention turns to valuation, relative performance and the impact of government policies.

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A version of this article appeared in the print edition of The Sunday Times on September 22, 2019, with the headline 'Assess your risk appetite before buying a stock'. Print Edition | Subscribe