TheEdgePanellists at The Edge Singapore's investment forum on July 22 recommended a number of stocks "to buy for the market's next phase".

We produce excerpts from a 2-page report in the July 31-Aug 6 edition of the weekly, which you can buy for $5 from newsstands.
 

21 July

2 Aug

Amara Holdings

51 c

51.5 c

Banyan Tree

57.5 c

55.5 c

Amara Holdings: This is a pick of Azure Capital's CEO, Terence Wong, who said that it trades at a sharp discount to its revalued net asset value of $1.40 a share.

Another hospitality stock he likes is Banyan Tree Holdings, which he says is under-appreciated by investors. He notes that Banyan Tree is turning to an asset-like model and earning management fees in the process. (For more, see: )

21 July

2 Aug

Tuan Sing

33 c

34 c

Tuan Sing Holdings: This is a pick of Havard Chi, director and head of research at Quarz Capital Asia.

Tuan Sing, which counts billionaire Koh Wee Meng of Fragrance Group among its biggest shareholders, currently trades at a rock-bottom price-to-book ratio of 0.4 times, Chi notes.

To be completed soon

"We think the catalyst is that its projects will soon be completed and go into the market at a time when supply is coming down. We think commitments will come in very quickly."

-- Havard Chi

Tuan Sing has an enviable portfolio of 999-year and freehold properties -- a rarity among local developers. And the completion of Robinson Tower in 2Η2018 should prονide a boost to Tսan Sing's rental income.

Havard Chi estimates the соmрlеtіоn of Robinson Tower will bring in $17 million in recurring еvеry year, which should ргоvidе room for Tuan Sing to pay increased dividends.

Moreover, he adds, Tuan Sing's management is open to the idea of divesting its assets into a REIT. He estimates that between $500 million and $1 billion of capital could be released through such a deal.

The capital released could be used to pay a special dividend and to further grow Tuan Sing's real estate portfolio. "We see potential upside of 40% by 2019. We are long term investors; we think things take time to work out."



21 July

2 Aug

Avi-Tech

46.5 c

49 c

Avi-Tech Electronics: "It hasn't run up as strongly as the likes of UMS Holdings, AEM Holdings and Jadason. Avi-Tech's share price movement is a lot tamer.

"But it's something to look at. It's promising because it is a burn-in solutions provider that serves the fast-growing automotive sector," says Azure's Terence Wong.

"Because a lot of the machines have been fully depreciated, every item they churn out is like churning out cash."

(For more, see:

 


Share Prices

Counter NameLastChange
AEM Holdings3.0700.080
Alliance Mineral0.330-
AusGroup0.0370.002
Avi-Tech Electronics0.445-0.005
Best World Int.1.3500.030
China Sunsine0.9200.050
CWG International0.147-0.003
DISA Limited0.013-0.001
Dutech Holdings0.340-0.005
Federal Int. (2000)0.420-
Food Empire0.640-
Geo Energy0.2500.005
Golden Energy0.3950.025
GSS Energy0.1560.005
Heeton Holdings0.545-0.010
ISOTeam0.340-0.020
KSH Holdings0.760-
Lian Beng Group0.7150.010
Miyoshi0.0730.002
Nordic Group0.530-0.020
Oxley Holdings0.610-0.005
REX International0.0560.002
Riverstone1.030-0.010
Roxy-Pacific0.5400.010
Serial System0.165-
Sing Holdings0.445-
Sino Grandness0.200-
Straco Corp.0.8300.010
Sunningdale Tech1.870-0.010
Sunpower Group0.530-0.010
The Trendlines0.1500.003
Tiong Seng0.395-
Trek 2000 Int.0.265-0.005
Uni-Asia Group1.230-
XMH Holdings0.210-0.030
Yangzijiang Shipbldg1.500-0.010

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