Singapore Stocks Top Picks
Stocks To Buy Now
CAPITALAND LIMITED
SGX:C31
GENTING SINGAPORE PLC
SGX:G13
SATS LTD.
SGX:S58
SINGAPORE POST LIMITED
SGX:S08
SINGAPORE TECH ENGINEERING LTD
SGX:S63
STARHUB LTD
SGX:CC3
VENTURE CORPORATION LIMITED
SGX:V03
UNITED OVERSEAS BANK LTD
SGX:U11
HEALTH MANAGEMENT INTL LTD
SGX:588
SHENG SIONG GROUP LTD
SGX:OV8
Stock Strategy Singapore - Policy Potholes Surface
Our Top 10 stock ideas
- We have made two changes to our top 10 stock ideas in the Singapore market as highlighted in our report Singapore Market Monitor: A Fifth Quarter of Growth, dated 31 May 2018.
- We have replaced City Developments with CapitaLand as our top large-cap property developer pick given its small exposure to the Singapore residential market and attractive relative valuations.
- We have also removed UOL and replaced it with StarHub, a recent upgrade driven by the c34% price decline over the past year, which we estimate more than adequately factors in the long-term profit erosion expected with a new entrant into the market from end-2018. This analyst research report is shared at SGinvestors.io.
Large Caps Top Picks
- CapitaLand (SGX:C31; Target Price SGD3.80):
One of the most geographically diversified with a high percentage of recurring revenue amongst the Singapore developers. Very small exposure to the Singapore residential as a result of which our EPS and RNAV revisions from the July 2018 tightening measures are a mere 0.2% and 2% respectively. Trading at a steep 45% discount to RNAV after recent broad based sector sell-down.
CAPITALAND LIMITED (SGX:C31) Capitaland (SGX:C31) Share Price Capitaland (SGX:C31) Target Price Capitaland (SGX:C31) Analyst Reports Capitaland (SGX:C31) Corporate Actions Capitaland (SGX:C31) Announcements Capitaland (SGX:C31) Latest News Capitaland (SGX:C31) Blog Articles - Genting Singapore (SGX:G13; Target Price SGD1.46):
We expect the Macau VIP market recovery to spill over to Singapore. The high-margin mass market is still weak but should see improvements in the coming quarters with a rebound in Singapore consumer confidence. Share price trading at -1sd to 12-month forward EV/EBITDA mean is at levels last seen during its foreign-exchange losses and receivables-impairment period a few years ago and unjustified, in our view.
GENTING SINGAPORE LIMITED (SGX:G13) Genting Singapore (SGX:G13) Share Price Genting Singapore (SGX:G13) Target Price Genting Singapore (SGX:G13) Analyst Reports Genting Singapore (SGX:G13) Corporate Actions Genting Singapore (SGX:G13) Announcements Genting Singapore (SGX:G13) Latest News Genting Singapore (SGX:G13) Blog Articles - SATS (SGX:S58; Target Price 6.15):
A number of medium-term growth catalysts are expected to pan out over the next 12-18 months, including the proposed JV with AirAsia (Not listed) for gateway services in Malaysia, catering for Turkish Airlines at Istanbul’s new international airport and Qantas moving its connecting hub for UK flights back to Singapore.
SATS LTD. (SGX:S58) SATS (SGX:S58) Share Price SATS (SGX:S58) Target Price SATS (SGX:S58) Analyst Reports SATS (SGX:S58) Corporate Actions SATS (SGX:S58) Announcements SATS (SGX:S58) Latest News SATS (SGX:S58) Blog Articles - Singapore Post (SGX:S08; Target Price SGD1.50):
While latest results disappointment was mainly to do with the implementation of revised terminal dues, international mail volume continues to grow well through its partnership with Alibaba. In our view, SPOST is one of the best placed logistics companies in ASEAN to benefit from the rapid growth in e-commerce. SINGAPORE POST LIMITED (SGX:S08) SingPost (SGX:S08) Share Price SingPost (SGX:S08) Target Price SingPost (SGX:S08) Analyst Reports SingPost (SGX:S08) Corporate Actions SingPost (SGX:S08) Announcements SingPost (SGX:S08) Latest News SingPost (SGX:S08) Blog Articles - ST Engineering (SGX:S63; Target Price SGD4.15):
After three years of lackluster growth from tough market conditions and restructuring costs, growth catalysts are falling in place. The aviation services landscape has improved markedly and recent acquisitions hold strong growth potential.
SINGAPORE TECH ENGINEERING LTD (SGX:S63) ST Engineering (SGX:S63) Share Price ST Engineering (SGX:S63) Target Price ST Engineering (SGX:S63) Analyst Reports ST Engineering (SGX:S63) Corporate Actions ST Engineering (SGX:S63) Announcements ST Engineering (SGX:S63) Latest News ST Engineering (SGX:S63) Blog Articles - UOB (SGX:U11; Target Price SGD32.88):
Sensitive to re-pricing intervals on higher rates, pricing discipline and benign credit conditions. Highest CET1 capital of 14.9% among peers means that there will be scope for meaningful dividend upside amid continued earnings momentum to reward shareholders. Dividend yields of > 4% should lend support to share price. Trading at ~1.2x P/BV, cheaper than 1.3-1.5x for peers.
UNITED OVERSEAS BANK LTD (SGX:U11) UOB (SGX:U11) Share Price UOB (SGX:U11) Target Price UOB (SGX:U11) Analyst Reports UOB (SGX:U11) Corporate Actions UOB (SGX:U11) Announcements UOB (SGX:U11) Latest News UOB (SGX:U11) Blog Articles - StarHub (SGX:CC3; Target Price SGD1.96):
Post a prolonged period of share price erosion and underperformance to the market and its peers, the stock is offering a respectable upside to value investors as at current levels it is implying extreme scenarios of pay TV revenues falling to zero or wireless revenues to drop another 15%, neither of which we think is likely.
STARHUB LTD (SGX:CC3) StarHub (SGX:CC3) Share Price StarHub (SGX:CC3) Target Price StarHub (SGX:CC3) Analyst Reports StarHub (SGX:CC3) Corporate Actions StarHub (SGX:CC3) Announcements StarHub (SGX:CC3) Latest News StarHub (SGX:CC3) Blog Articles - Venture Corp. (SGX:V03; Target Price SGD28.83):
Venture should continue to be a beneficiary of multifaceted growth drivers in the form of:- deeper penetration into existing customers;
- new customer wins; and
- an improved mix of products with greater R&D and design content.
VENTURE CORPORATION LIMITED (SGX:V03) Venture Corp (SGX:V03) Share Price Venture Corp (SGX:V03) Target Price Venture Corp (SGX:V03) Analyst Reports Venture Corp (SGX:V03) Corporate Actions Venture Corp (SGX:V03) Announcements Venture Corp (SGX:V03) Latest News Venture Corp (SGX:V03) Blog Articles
Small-to-Mid Caps (sub USD2b market cap) Top Picks
- Health Management International (SGX:588; Target Price SGD0.80):
Unique independent operating model and top market share for medical tourists differentiate it from peers. More than doubling of capacity for Johor hospital and potential acquisition could further lift growth.
HEALTH MANAGEMENT INTL LTD (SGX:588) Health Management International (SGX:588) Share Price Health Management International (SGX:588) Target Price Health Management International (SGX:588) Analyst Reports Health Management International (SGX:588) Corporate Actions Health Management International (SGX:588) Announcements Health Management International (SGX:588) Latest News Health Management International (SGX:588) Blog Articles - Sheng Siong Group (SGX:OV8; Target Price SGD1.20):
Beneficiary of further improvements in consumer spending and winning market share from convenience stores and traditional market grocers. A potential surge in in 2018 should also continue to drive growth.
SHENG SIONG GROUP LTD (SGX:OV8) Sheng Siong (SGX:OV8) Share Price Sheng Siong (SGX:OV8) Target Price Sheng Siong (SGX:OV8) Analyst Reports Sheng Siong (SGX:OV8) Corporate Actions Sheng Siong (SGX:OV8) Announcements Sheng Siong (SGX:OV8) Latest News Sheng Siong (SGX:OV8) Blog Articles
Continue Reading :
Singapore Market Monitor #1 ~ Policy Potholes Surface
Singapore Market Monitor #2 ~ Sector Outlook and Preferences
Singapore Market Monitor #3 ~ Top 10 Stock Ideas
Neel Sinha
Maybank Kim Eng Research
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https://www.maybank-ke.com.sg/
2018-07-09
SGX Stock
Analyst Report
3.800
Same
3.800
1.460
Same
1.460
6.150
Same
6.150
1.500
Same
1.500
4.150
Same
4.150
1.960
Same
1.960
28.830
Same
28.830
32.880
Same
32.880
0.800
Same
0.800
1.200
Same
1.200
