2019 Stock Picks - OCBC Investment 2018-12-06: Value Over Growth; Stable and Sustainable Dividends

2019 Singapore Top Stock Picks - OCBC Investment Research | SGinvestors.io CAPITALAND LIMITED (SGX:C31) DBS GROUP HOLDINGS LTD (SGX:D05) FRASERS CENTREPOINT TRUST (SGX:J69U) FRASERS LOGISTICS & IND TRUST (SGX:BUOU) SATS LTD. (SGX:S58) KEPPEL DC REIT (SGX:AJBU) MAPLETREE NORTH ASIA COMM TR (SGX:RW0U) NETLINK NBN TRUST (SGX:CJLU) SINGAPORE AIRLINES LTD (SGX:C6L) SINGTEL (SGX:Z74) SINGAPORE TECH ENGINEERING LTD (SGX:S63) UNITED OVERSEAS BANK LTD (SGX:U11) UOL GROUP LIMITED (SGX:U14)

2019 Stock Picks - Value Over Growth; Stable and Sustainable Dividends

  • As the global outlook is still uncertain currently, we prefer a stock pick strategy with the only overweight on the banking sector.
  • Our 2019 stock picks are CapitaLand, DBS, Frasers Centrepoint Trust, Frasers Logistics & Industrial Trust, Keppel DC REIT, Mapletree North Asia Commercial Trust, Netlink NBN Trust, SATS Ltd, Singapore Airlines, Singapore Technologies Engineering, SingTel, UOB and UOL.



2019 Stock Picks


CapitaLand (SGX:C31): Proactive capital recycling to unlock value.


DBS Group (SGX:D05): Top pick in the sector.


Frasers Centrepoint Trust (SGX:J69U): A safe bet.


Frasers Logistics & Industrial Trust (SGX:BUOU): In the right logistics markets.


Keppel DC REIT (SGX:AJBU): All primed for inorganic growth.


Mapletree North Asia Commercial Trust (SGX:RW0U): Attractively priced.


NetLink NBN Trust (SGX:CJLU): Soothing nerves in a volatile market.


SATS Ltd (SGX:S58): Value emerging.


Singapore Airlines (SGX:C6L): Attractive valuations.


ST Engineering (SGX:S63): Well-placed for long-term growth.


SingTel (SGX:Z74): Waiting for a better 2H.


UOB (SGX:U11): Steady performer.


UOL Group (SGX:U14): The time to bottom-fish is now.




Stock Picks 2019

Stocks Price on
5 Dec 2018
Fair Value
(S$)
Upside Rating
CapitaLand 3.20 3.96 23.8% BUY
DBS Group 24.65 30.83 25.1% BUY
Frasers Centrepoint Trust 2.19 2.50 14.2% BUY
Frasers Logistics & Industrial Trust 1.05 1.19 13.3% BUY
Keppel DC REIT 1.34 1.48 10.4% BUY
Mapletree North Asia Commercial Trust 1.12 1.34 19.6% BUY
NetLink NBN Trust 0.77 0.90 16.9% BUY
SATS 4.73 5.34 12.9% BUY
Singapore Airlines 9.45 10.71 13.3% BUY
Singtel 3.08 3.95 28.2% BUY
ST Engineering 3.56 3.95 11.0% BUY
UOB 25.74 28.80 11.9% BUY
UOL Group 6.27 8.41 34.1% BUY
Source: OCBC Investment Research





Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2018-12-06
SGX Stock Analyst Report BUY MAINTAIN BUY 3.960 SAME 3.960
BUY MAINTAIN BUY 30.830 SAME 30.830
BUY MAINTAIN BUY 2.500 SAME 2.500
BUY MAINTAIN BUY 1.190 SAME 1.190
BUY MAINTAIN BUY 5.340 SAME 5.340
BUY MAINTAIN BUY 1.480 SAME 1.480
BUY MAINTAIN BUY 1.340 SAME 1.340
BUY MAINTAIN BUY 0.900 SAME 0.900
BUY MAINTAIN BUY 10.710 SAME 10.710
BUY MAINTAIN BUY 3.950 SAME 3.950
BUY MAINTAIN BUY 3.950 SAME 3.950
BUY MAINTAIN BUY 28.800 SAME 28.800
BUY MAINTAIN BUY 8.410 SAME 8.410





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