I submitted my picks earlier today, but I forgot the short comments. I will repeat my list, followed by the short comments.

ABLEGLOB 10%
AJI 10%
AXREIT 10%
BESHOM 20%
INNATURE 10%
SPRITZER 10%
SUNREIT 10%
SURIA 10%
UTDPLT 10%

I expect ongoing inflation in 2023. These shares are meant as a defensive portfolio against inflation. Able Global, Ajinomoto, Beshom/HAIO, InNature, Spritzer and United Plantations are consumer staple producers. They should be able to raise the prices of their products in line with inflation.

Axis REIT, Sunway Reit and Suria Capital are capital-intensive businesses. They have relatively low ongoing costs compared with their revenues, which means they should be able to defend their profit margins, although they might suffer under higher interest rates.

Thanks for organizing the Stock Pick Contest!

my pick for 2023

ABLEGLOB 10%
AJI 10%
AXREIT 10%
BESHOM 20%
INNATURE 10%
SPRITZER 10%
SUNREIT 10%
SURIA 10%
UTDPLT 10%