terencewong10.14Terence Wong (photo) was head of research at RHB Research when he left and set up Azure Capital in Aug 2016.  At a media event last Friday, he said: "I'm in the process of accumulating 10 stocks and am eyeballing another dozen companies."

He revealed that the largest positions of the Azure All-Star fund ($100 m of assets under management) include large-cap Global Logistic Properties and small-caps Avi-Tech Electronics, Fu Yu Corporation, and KSH Holdings.

(For the latest on KSH, see: 

Terence said
while waiting for a potential takeover offer, he is happy to collect dividends from Fu Yu, a plastic injection moulder. The company has paid a total of 0.5 cents as interim dividends and has proposed a 1-c final dividend for FY2016.

Terence thinks the counter has another 15 to 20 per cent to go from current levels. 

Azure’s stock picks

7 Apr 2017 stock price

Year-to-date gain

Avi-Tech Electronics

44.5 c


Fu Yu Corp

24.5 c


Global Logistics Properties



KSH Holdings

73.5 c


Sing Holdings

36 c


Spackman Entertainment

17.7 c

- 8%

Avi-Tech Electronics, a "burn-in" testing services provider, can rally a little bit more than that (15-20%), he said.

For more on the company, which is expected to see steady growth from the increasing use of electronics in cars and the advent of driverless vehicles, see: 

From the beaten-down oil & gas industry, Terence has found a stock to own -- PEC, which provides engineering, construction and maintenance services for oil and gas players. It is run efficiently, and order enquiries have been strong, Mr Wong said.

Notably, it had a large net cash balance of $148 million as at end-Dec 2016, compared to its market cap  of $181 million based on a recent stock price of 71 cents. 

"I would say 60 to 70 per cent of the market is made up of privatisation plays, turnaround plays and ignored, unloved stocks."

-- Terence Wong,
CEO, Azure Capital

From another beleagured industry, there is boutique property developer Sing Holdings which Terence pointed out trades at under 0.6 times book value.

It has proposed a 1-c final dividend and 0.375-c special dividend for FY2016. The stock recently traded at 36 cents.

He also highlighted Spackman Entertainment Group, a loss-making movie production house which he thinks will turn profitable in 1Q17.

You may also be interested in:

  • images/stories/Community/Analysts/TerenceWong_2019.jpg AZURE CAPITAL: Our stock picks for 2H2019 are ...

    Share Prices

    Counter NameLastChange
    AEM Holdings2.160-0.020
    Avi-Tech Electronics0.410-
    Best World Int.1.360-
    China Sunsine0.530-
    CNMC GoldMine0.265-
    CSE Global0.575-
    Eagle HTrust USD0.535-
    Food Empire0.700-0.005
    Golden Energy0.205-
    GSS Energy0.1010.004
    ISDN Holdings0.225-0.005
    JB Foods0.640-
    KSH Holdings0.435-
    Moya Asia0.0820.002
    Nordic Group0.3250.005
    Oxley Holdings0.370-0.010
    REX International0.1920.011
    Sing Holdings0.400-
    Straco Corp.0.670-
    Sunningdale Tech1.320-0.010
    Sunpower Group0.6300.005
    The Trendlines0.1200.001
    Tiong Seng0.195-
    Uni-Asia Group0.7400.005
    Yangzijiang Shipbldg1.1600.010

    NextInsight RSS

    rss_2 NextInsight - Latest News

    Online Now

    We have 701 guests and one member online

    • admin2