Alpha Stock Picks for 2H2019 - CGS-CIMB Research 2019-05-21: Prefer Liquid & Large Caps

Singapore Alpha Stock Picks 2019 - CGS-CIMB Research  | SGinvestors.io CAPITALAND COMMERCIAL TRUST (SGX:C61U) COMFORTDELGRO CORPORATION LTD (SGX:C52) KEPPEL CORPORATION LIMITED (SGX:BN4) MAPLETREE COMMERCIAL TRUST (SGX:N2IU) SINGAPORE TECH ENGINEERING LTD (SGX:S63) SUNTEC REAL ESTATE INV TRUST (SGX:T82U) UNITED OVERSEAS BANK LTD (SGX:U11) UOL GROUP LIMITED (SGX:U14) RIVERSTONE HOLDINGS LIMITED (SGX:AP4) FRENCKEN GROUP LIMITED (SGX:E28) CSE GLOBAL LTD (SGX:544)

Alpha Stock Picks for 2H2019 - Prefer Liquid & Large Caps




CIMB Analysts’ Alpha Picks for 2H19 (Large Cap)


CapitaLand Commercial Trust (Rating: ADD, Target Price: S$2.03)


ComfortDelGro (Rating: ADD, Target Price: S$2.82)


Keppel Corporation (Rating: ADD, Target Price: S$8.41)


Mapletree Commercial Trust (Rating: ADD, Target Price: S$2.03)


ST Engineering (Rating: ADD, Target Price: S$4.43)


Suntec REIT (Rating: ADD, Target Price: S$2.06)


UOB (Rating: ADD, Target Price: S$29.58)

  • United Overseas Bank (UOB, SGX:U11) trades at 1.04x CY19F P/BV, below its long-term mean of 1.3x. UOB is a relative pick among banks given its attractive valuations and 10.9% CY19F ROE.
  • We believe UOB is well-placed to benefit from a shift in supply chains out of Greater China into surrounding ASEAN economies in the event of further retaliatory measures by either the US or China. Market-related income also features the least for UOB, at 13% of total income in FY18, rendering it less susceptible to a prolonged period of market volatility.
  • UOB's FY19F dividend payout is likely to be maintained at 50%, in our view.
  • See UOB Share Price | UOB Target Price | UOB Analyst Reports | UOB Dividends | UOB Announcements | UOB Latest News.

UOL Group (Rating: ADD, Target Price: S$8.45)



CIMB Analysts’ Alpha Picks for 2H19 (Small Cap)


CSE Global (Rating: ADD, Target Price: S$0.60)


Frencken Group Ltd (Rating: ADD, Target Price: S$0.90)


Riverstone Holdings (Rating: ADD, Target Price: S$1.22)



Previous Reports



See also






LIM Siew Khee CGS-CIMB Research | Singapore Research Team CGS-CIMB Research | https://research.itradecimb.com/ 2019-05-21
SGX Stock Analyst Report ADD MAINTAIN ADD 2.030 SAME 2.030
ADD MAINTAIN ADD 2.820 SAME 2.820
ADD MAINTAIN ADD 8.410 SAME 8.410
ADD MAINTAIN ADD 2.030 SAME 2.030
ADD MAINTAIN ADD 4.430 SAME 4.430
ADD MAINTAIN ADD 2.060 SAME 2.060
ADD MAINTAIN ADD 29.580 SAME 29.580
ADD MAINTAIN ADD 8.450 SAME 8.450
ADD MAINTAIN ADD 1.220 SAME 1.220
ADD MAINTAIN ADD 0.900 SAME 0.900
ADD MAINTAIN ADD 0.600 SAME 0.600



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