Excerpts from DBS Group Research

Our stock picks aim to help investors build a portfolio of Singapore stocks, based on their risk profiles. Stock picks are based on sectoral, fundamental, and technical analysis.

Add Yangzijiang 13,800 at S$0.96 to Growth and Blue Chips categories
YZJ yard
We add the stock considering its recent strong order wins and ahead of the upcoming 3Q results season.

"We note that after a 4-week lull, the company conducted its latest share buy-back exercise yesterday with 1m shares purchased at $0.965, which should help to support the stock price."

-- DBS Group Research

YZJ has signed new contracts worth USD395m in 3Q2019, a trend that can continue in 4Q.

The stock’s recent oversold rebound has since retreated to an attractive level.

The stock is currently valued at just 0.6x P/B, representing 25%/65% discount to its global and Chinese peers.

It is also trading at net cash value of $0.95/share.

Full report here. 


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GSS Energy0.0710.001
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ISOTeam0.230-
JB Foods0.660-
KSH Holdings0.450-
Miyoshi0.035-
Moya Asia0.063-0.002
Nordic Group0.270-
Oxley Holdings0.315-0.005
Procurri0.365-
REX International0.0930.005
Riverstone0.9800.010
Roxy-Pacific0.375-
Sing Holdings0.385-
SingMedical0.310-
Straco Corp.0.720-0.020
Sunningdale Tech1.200-
Sunpower Group0.480-
The Trendlines0.0890.001
Tiong Seng0.200-
Uni-Asia Group0.715-
Yangzijiang Shipbldg0.940-0.010

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