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 April 2017 stock price

Year-to-date gain

Avi-Tech Electronics

44.5 c

59%

Fu Yu Corp

24.5 c

30%

Global Logistics Properties

$2.80

27%

KSH Holdings

73.5 c

36%

Sing Holdings

36 c

16%

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.

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Share Prices

Counter NameLastChange
AEM2.4600.040
$ Alliance Mineral0.255-
AusGroup^0.046-
Avi-Tech0.4750.015
Best World1.1100.080
China Sunsine0.7850.005
CWG Intl0.145-
Dutech0.370-
Federal Int0.390-
Food Empire0.645-
Geo Energy Res0.2550.005
Golden Energy0.3900.010
$ GSS Energy0.1370.003
Heeton0.475-
$ ISOTeam0.340-
KSH0.7250.005
Lian Beng0.610-
$ Miyoshi0.0670.001
Nordic0.410-
Oxley0.535-
$ Rex Intl0.0450.001
Riverstone1.0950.010
Roxy-Pacific0.535-
Sunningdale Tech2.0500.020
Serial System0.1790.001
Sino Grandness0.1910.006
Straco0.860-
Sunpower0.610-
Tiong Seng0.305-
$ Trendlines0.140-
Uni-Asia Grp1.3750.020
XMH0.250-
Yamada Green Res0.395-
YZJ Shipbldg SGD1.5850.010
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