PETALING JAYA: Scientex Bhd

will prevail as a defensive refuge for investors to weather potential cyclical downturns despite global market uncertainty, says UOB Kay Hian Research (UOBKH Research).

According to the research house, Scientex’s business has not been impacted despite geopolitical tensions in the Middle East and the US Federal Reserve’s higher-for-longer interest rates regime affecting global trade flows and investor sentiment.