buy sell hold 2021

CGS CIMB UOB KAYHIAN

CapitaLand Integrated Commercial

Foray into Australia

 

■ CICT has announced the acquisition of two Sydney office properties.

■ Deal further boosts portfolio diversification, in addition to providing DPU and BV uplift.

■ Reiterate Add rating with a slightly higher DDM-based TP of S$2.57.

 

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STRATEGY – SINGAPORE

Alpha Picks: Removing Sea, iFast And Our Tactical Short On Financials, Adding SMM And BRC

 

Our Alpha Picks portfolio outperformed the STI, declining 4.1% mom vs the latter’s drop of 4.9%. For Dec 21, we have removed our short-term tactical call to short DBS and OCBC, and also removed Sea and iFast. Additions to the portfolio are SMM where we believe the risk/reward has become compelling, and BRC which is a proxy to Singapore infrastructure spending and reopening.

 

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CGS CIMB

UOB KAYHIAN

Alliance Bank Malaysia Berhad

Exiting the stockbroking business

 

■ AIBB has entered into an agreement with Phillip Futures for the proposed disposal of its stockbroking business; this came as a surprise to us.

■ We are neutral on the deal given the minimal one-off disposal gain, and insignificant earnings contributions from its stockbroking business.

■ Retain Hold on Alliance as we see higher credit risks from Covid-19 for the bank relative to its peers; share price supported by dividend yield of 4.7%.

 

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STRATEGY – MALAYSIA

Alpha Picks: Braving The Short Turbulence

 

Our Nov 21 portfolio performed in line with the FBMKLCI (-3.3% vs -3.1%), as good advances by our picks in early-Nov 21 were foiled by a myriad of reasons. Alpha Picks for Dec 21: CIMB, GENM, MyEG and VSI and Sapura Energy (SELL). We remove GENT, OM Holdings and Scomnet, and add BUY-rated VSI and SELL-rated Sapura Energy. We expect our picks to deliver good investment returns beyond the turbulence created by the US taper tantrum and Omicron variant.

 

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LionelLim8.16Check out our compilation of Target Prices




Share Prices

Counter NameLastChange
AEM Holdings4.570-0.170
Avarga0.265-0.005
Avi-Tech Electronics0.000-
China Sunsine0.4700.005
Food Empire0.685-0.015
Fortress Minerals0.405-0.015
Geo Energy Res0.355-0.015
Golden Energy0.295-0.005
GSS Energy0.065-
InnoTek0.680-0.015
ISDN Holdings0.645-0.020
ISOTeam0.115-
IX Biopharma0.193-
Jiutian Chemical0.083-0.002
KSH Holdings0.340-0.005
Leader Env0.065-
Medtecs Intl0.295-0.005
Moya Asia0.063-
Nordic Group0.390-0.010
Oxley Holdings0.183-0.003
REX International0.3350.015
Riverstone0.670-0.010
Sinostar PEC0.290-0.005
Southern Alliance Mining0.665-0.015
Sri Trang Agro1.160-
Straco Corp.0.4150.005
Sunpower Group0.440-0.010
The Trendlines0.1070.002
Totm Technologies0.179-0.001
UG Healthcare0.260-0.010
Uni-Asia Group0.970-0.015
Wilmar Intl4.210-0.060
Yangzijiang Shipbldg1.290-

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