DBS Group Research Model Portfolio - Balanced
Your investment goal is a balance between capital growth and income. You can tolerate some fluctuations in the value of your stock investment in anticipation of a higher return. The investment horizon is up to 12 months.
The Balanced portfolio gained 5.3% on an average return basis, underperforming STI’s 11.9% gain. ARA Asset Management was the top performer. We remove Venture Corp from the portfolio; the stock returned 5.3% since its inclusion on 10 February.
FRASERS CENTERPOINT LIMITED
- Higher recurring earnings base at close to 70% of topline offer good earnings stability.
- Potential asset sales to listed REITs to be positive catalyst.
Company Guide:
SIA ENGINEERING
- Worst could be over on the earnings front.
- Possibility of special dividends around the corner. Better entry point now.
Company Guide:
MAPLETREE LOGISTICS TRUST
- Acquisitions and developments to drive growth; completion of various AEIs to underpin medium-term growth.
Company Guide:
ARA ASSET MANAGEMENT
- Attractive valuations and yield of c.4% to 5%.
- ARA has S$150m war chest, and is well positioned to capture opportunities that may arise in 2016.
Company Guide:
Previous Report:
Singapore Research Team
DBS Vickers
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http://www.dbsvickers.com/
2016-04-15
