CIMB this morning put out its expectations for the upcoming 1Q17 results of companies under its coverage.
Companies that it reckons has the potential to beat its forecast profits are:
|
Stock |
1QFY17F profit |
Comments |
|
Best World |
S$6.9m |
Likely to do well on continued sales momentum in both Taiwan and China. |
|
SIA Engineering* |
S$44m |
JV could surprise on the upside if strength in 3Q17 continued (+41%qoq, +10%yoy). We remain hopeful on special dividend. |
|
SembCorp Marine |
S$24m |
Ship repair and margin could surprise on the upside |
|
S’pore Telecom |
S$914m |
Driven by higher associate earnings |
|
Valuetronics* |
HKD26m |
Expectation for seasonally-weaker quarter while sales for new CE product (wireless lighting) could surprise on the upside. |
*4QFY17F; Sources: CIMB, company reports
CIMB also re-cast its alpha picks:
● Big-caps: Frasers Centrepoint, ST Engineering, UOL, First Resources and China Aviation Oil (new).
● Small-caps: Best World, Cityneon, CSE Global, Talkmed, Valuetronics, MM2 (new), Boustead Projects (new), HMI (new).
CIMB has removed Venture Corp, UMS, Sunningdale following the stocks' outperformance.
|
Best World |
|
|
Share price: |
Target: |
Interestingly, one stock whose outperformance has outperform all of them -- Best World -- with a scorching 613% run-up in the last 12 months remains firmly on CIMB's alpha list with a target price of $2.97.
For CIMB's full report, click here.
