Singapore Market Strategy - CGS-CIMB Research 2021-08-19: 5 Stocks Worthy Of Further Deep Dive Post 2Q21

Singapore Market Strategy - CGS-CIMB Research | SGinvestors.io NANOFILM TECHNOLOGIES INTL LTD (SGX:MZH) CSE GLOBAL LTD (SGX:544) IFAST CORPORATION LTD. (SGX:AIY) AEM HOLDINGS LTD (SGX:AWX) CITY DEVELOPMENTS LIMITED (SGX:C09)

Singapore Market Strategy - 5 Stocks Worthy Of Further Deep Dive Post 2Q21




5 SG stocks may be worth to bottom fish

  • We note that the positive-to-negative earnings surprise ratio of Singapore companies edged slightly negative this quarter at 0.95x (1Q21: 2x), with 19 above: 20 below: 36 in line vs our expectations.
  • We highlight 5 stocks that reacted significantly post their 2Q21 results and may be worth a deep dive to bottom fish.

Nanofilm Technologies (SGX:MZH)


IFAST Corporation (SGX:AIY)


CSE Global (SGX:544)


AEM (SGX:AWX)

  • AEM reported weaker earnings in 2Q12, as guided by management. The company expects demand to be strong from late-3Q21F into FY22F. One can gradually accumulate as there are multiple potential re-rating catalysts in FY22F. These include
    1. successful mass volume production of a next-generation equipment for its key customer;
    2. announcement of new customer wins;
    3. accretive M&As given the recent new shares placement to Temasek and assumption of higher debt on its balance sheet.
  • These could pose upside earnings risks to our FY22 earnings forecast for AEM.
  • AEM (SGX:AWX) is covered by analyst William Tng.
  • See report: AEM Holdings - CGS-CIMB Research 2021-08-06: ADD Into FY22; Temasek To Be The Single Largest Shareholder.

City Developments (SGX:C09)






LIM Siew Khee CGS-CIMB Research | Singapore Research Team CGS-CIMB Research | https://www.cgs-cimb.com 2021-08-19
SGX Stock Analyst Report ADD MAINTAIN ADD 5.050 SAME 5.050
ADD MAINTAIN ADD 0.610 SAME 0.610
ADD MAINTAIN ADD 12.500 SAME 12.500
ADD MAINTAIN ADD 4.610 SAME 4.610
ADD MAINTAIN ADD 8.970 SAME 8.970



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