Excerpts from CIMB report

Singapore Strategy
Prepare with a shopping list

weifang cbs9.14@ China Sunsine plant: Rubber accelerators being produced. NextInsight file photo■ In preparation of a market bounce-back, we list five ‘must-own’ stocks backed by valuations and fundamentals: KEP (Keppel Corp), VMS (Venture Manufacturing), STE (ST Engineering), GENS (Genting Singapore) and AEM.

■ Our Alpha list: we remove Memtech given its YTD outperformance, and add STE and China Sunsine; others remain: UOL, SMM, mm2, Yongnam and Sunningdale.

■ Our FSSTI target of 3,600 is intact.

Alpha picks (Small-cap)

Price
($)

Target Price

Upside

BUY level
($)

Core P/E
CY19F

AEM Holdings

5.36

6.62

23.5%

4.70

8.6

China Sunsine

1.13

1.50

32.7%

0.95

7.5

mm2 Asia

0.49

0.76

56.4%

0.49

14.7

Sunningdale Tech

1.86

2.79

56.1%

1.86

8.3

Yongnam Holdings

0.32

0.53

65.9%

0.30

6.5


For the full table and report, click here. 


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