Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Mon, 4 Jan 2021, 3:02 PM

 

Singapore Strategy – Christmas Came Early

Author:   |    Publish date:


Since the start of November, Singapore’s Straits Times Index (STI) has put up a stellar show, surpassing the rest of the region with gains of 17.5% (as of 23 Nov 2020). This was largely driven by optimism about Covid-19 vaccines as cyclical and value stocks came back into focus.

Our call in September to rotate into value stocks is panning out well as under-valued, cyclical and defensive stocks showed strong gains in November. Value stocks tend to be in play during early stages of economic recovery. The STI is currently trading at 14.0x FY21 earnings and at a price-to-book of 0.96x, below the 10-year historical PB of 1.25x.

With lingering uncertainties in the market, we prefer to adopt a stock pick strategy. Some of our preferred picks include Ascendas REIT, Ascott Residence Trust, CapitaLand Integrated Commercial Trust, CapitaLand Ltd, Frasers Centrepoint Trust, Frasers Logistics & Comm, Manulife US REIT (USD), Mapletree Industrial Trust, Mapletree North Asia Com Trust, NetLink NBN Trust, Sheng Siong Group, Singapore Telecommunications, UOL Group, Venture Corp and Wilmar International.

Source: OCBC Research - 25 Nov 2020

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

168  275  188  518 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Oceanus^ 0.047-0.002 
 LionGold 0.005+0.001 
 AusGroup 0.0380.00 
 Jiutian Chemical 0.108-0.001 
 Eucon^ 0.086+0.016 
 MarcoPolo Marine 0.021-0.002 
 MMP Resources^ 0.006+0.002 
 Blumont^ 0.005-0.001 
 Synagie 0.068+0.004 
 ETC Singapore 0.052+0.001