Overseas Chinese Bank: The decline in Singapore's industrial sector stocks may be a knee-jerk reaction.

Analysts from Oversea-Chinese Banking Corporation (OCBC) research department stated in a report that the recent decline in stock prices of Singapore industrial companies appears to be a knee-jerk reaction to the current Middle East conflict. They predict that unless the situation significantly escalates, the fundamental factors of these stocks will eventually come back into play. OCBC advises investors to carefully select and stick to high-quality companies with strong balance sheets, sustainable profitability and shareholders' return track record, as well as long-term competitive advantages. OCBC's top picks in the industrial sector include Keppel Corporation, Jardine Matheson and Venture Corporation, partly due to the solid fundamentals of these companies.