“Highly defensive stance as equities are expected to underperform in the near term. Nevertheless, note that in theory our current top picks are mostly export-oriented and largely unaffected by potential changes to domestic policies: IOI Corporation, MISC, Sunway Bhd, Westports and Yinson Holdings, and small/mid caps Duopharma Biotech, IJM Plantations, Hume, Scientex, and VS Industry, ” UOB Kay Hian Research said.