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. 


Share Prices

Counter NameLastChange
AEM Holdings0.8150.010
Alliance Mineral0.245-
AusGroup0.037-
Avi-Tech Electronics0.330-
Best World Int.1.490-0.010
China Sunsine1.0100.020
DISA Limited0.005-
Dutech Holdings0.245-
Federal Int. (2000)0.240-
Food Empire0.525-
Geo Energy0.2200.005
Golden Energy0.250-0.010
GSS Energy0.1100.001
Heeton Holdings0.510-
ISOTeam0.240-0.005
KSH Holdings0.560-0.005
Lian Beng Group0.4900.005
Miyoshi0.0480.003
Nordic Group0.440-0.015
Oxley Holdings0.310-
REX International0.095-0.002
Riverstone1.200-0.020
Roxy-Pacific0.385-0.005
Serial System0.0830.004
Sing Holdings0.385-
Sino Grandness0.195-0.002
Straco Corp.0.720-
Sunningdale Tech1.470-0.010
Sunpower Group0.495-0.035
The Trendlines0.105-
Tiong Seng0.300-
Trek 2000 Int.0.114-
Uni-Asia Group1.270-
XMH Holdings0.200-
Yangzijiang Shipbldg1.2000.020

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