TheEdgePanellists at The Edge Singapore's investment forum on July 22 recommended a number of stocks "to buy for the market's next phase".

We produce excerpts from a 2-page report in the July 31-Aug 6 edition of the weekly, which you can buy for $5 from newsstands.
 

21 July

2 Aug

Amara Holdings

51 c

51.5 c

Banyan Tree

57.5 c

55.5 c

Amara Holdings: This is a pick of Azure Capital's CEO, Terence Wong, who said that it trades at a sharp discount to its revalued net asset value of $1.40 a share.

Another hospitality stock he likes is Banyan Tree Holdings, which he says is under-appreciated by investors. He notes that Banyan Tree is turning to an asset-like model and earning management fees in the process. (For more, see: )

21 July

2 Aug

Tuan Sing

33 c

34 c

Tuan Sing Holdings: This is a pick of Havard Chi, director and head of research at Quarz Capital Asia.

Tuan Sing, which counts billionaire Koh Wee Meng of Fragrance Group among its biggest shareholders, currently trades at a rock-bottom price-to-book ratio of 0.4 times, Chi notes.

To be completed soon

"We think the catalyst is that its projects will soon be completed and go into the market at a time when supply is coming down. We think commitments will come in very quickly."

-- Havard Chi

Tuan Sing has an enviable portfolio of 999-year and freehold properties -- a rarity among local developers. And the completion of Robinson Tower in 2Η2018 should prονide a boost to Tսan Sing's rental income.

Havard Chi estimates the соmрlеtіоn of Robinson Tower will bring in $17 million in recurring income еvеry year, which should ргоvidе room for Tuan Sing to pay increased dividends.

Moreover, he adds, Tuan Sing's management is open to the idea of divesting its assets into a REIT. He estimates that between $500 million and $1 billion of capital could be released through such a deal.

The capital released could be used to pay a special dividend and to further grow Tuan Sing's real estate portfolio.

"We see potential upside of 40% by 2019. We are long term investors; we think things take time to work out."



21 July

2 Aug

Avi-Tech

46.5 c

49 c

Avi-Tech Electronics: "It hasn't run up as strongly as the likes of UMS Holdings, AEM Holdings and Jadason. Avi-Tech's share price movement is a lot tamer.

"But it's something to look at. It's promising because it is a burn-in solutions provider that serves the fast-growing automotive sector," says Azure's Terence Wong.

"Because a lot of the machines have been fully depreciated, every item they churn out is like churning out cash."

(For more, see:

 

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Counter NameLastChange
AEM Holdings2.760-0.050
Avi-Tech Electronics0.265-
Best World1.8000.010
Broadway Ind0.086-0.001
China Sunsine0.390-
ComfortDelGro1.390-0.010
Delfi Limited1.0500.010
Food Empire1.4200.020
Fortress Minerals0.2700.020
Geo Energy Res0.390-0.005
GSS Energy0.027-0.002
Hong Leong Finance2.560-
Hongkong Land (USD)3.270-0.060
InnoTek0.4350.005
ISDN Holdings0.340-0.005
ISOTeam0.035-
IX Biopharma0.041-0.005
Jiutian Chemical0.025-
KSH Holdings0.2500.005
Leader Env0.050-0.003
Medtecs Intl0.135-0.004
Nordic Group0.345-0.005
Oxley Holdings0.093-
REX International0.121-0.003
Riverstone0.745-
Sinostar PEC0.137-0.002
Southern Alliance Mining0.605-
Straco Corp.0.515-0.010
Sunpower Group0.215-
The Trendlines0.085-
Totm Technologies0.024-0.002
Uni-Asia Group0.840-0.010
Wilmar Intl3.390-0.020
Yangzijiang Shipbldg1.660-0.030
 

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