Singapore Stock Market News

Singapore Strategy - Mine the market

StockFanatic
Publish date: Tue, 07 Oct 2014, 09:57 AM
StockFanatic
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NEUTRAL on market with 2015 FSSTI target of 3,440 (14x FY15E P/E). Top country picks: DBS, FR, Ezion, POSH and Wilmar.

■ At 13.2x FY15E P/E against 10% EPS CAGR for FY15E-16E, market is unattractive. No fresh leads expected. Bottom-up stock-picking recommended.

■ Banks, especially DBS, to shine as rates rise. Property to remain in doldrums. Take refuge in selective OSV players as dynamics shift.
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