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 Holdings5.5500.200
Alliance Mineral0.4050.030
AusGroup0.0510.002
Avi-Tech Electronics0.4900.015
Best World Int.1.2400.040
China Sunsine1.2600.020
DISA Limited0.013-
Dutech Holdings0.320-
Federal Int. (2000)0.390-
Food Empire0.6600.010
Geo Energy0.2450.005
Golden Energy0.4200.005
GSS Energy0.1550.004
Heeton Holdings0.5750.015
ISOTeam0.335-
KSH Holdings0.7300.025
Lian Beng Group0.7000.015
Miyoshi0.0710.003
Nordic Group0.5850.005
Oxley Holdings0.6800.020
REX International0.0570.002
Riverstone1.0800.020
Roxy-Pacific0.5650.005
Serial System0.1700.003
Sing Holdings0.4300.005
Sino Grandness0.2050.005
Straco Corp.0.825-
Sunningdale Tech1.8800.060
Sunpower Group0.5600.005
The Trendlines0.1390.004
Tiong Seng0.3900.005
Trek 2000 Int.0.2550.005
Uni-Asia Group1.2900.010
XMH Holdings0.250-
Yangzijiang Shipbldg1.4600.070

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