Maybank IB prefers oil, banking, consumer stocks and REITs

The top sector picks are Yinson Holdings Bhd (FPSOs), Dialog Group Bhd (storage), Velesto Energy Bhd (drilling), Wah Seong Corp Bhd (pipelines, fabrication) and Favelle Favco Bhd (crane manufacturing)

KUALA LUMPUR: Maybank Investment Bank Research says it continues to adopt a broadly defensive investing strategy as the equity market continues to contend with multiple external and internal earnings headwinds.

The research house cited principally continuing trade uncertainties, as well as political and policy uncertainties, but this was notwithstanding the positive macro signals.