Excerpts from CIMB report

Singapore Strategy
Prepare with a shopping list

weifang cbs9.14@ China Sunsine plant: Rubber accelerators being produced. NextInsight file photo■ In preparation of a market bounce-back, we list five ‘must-own’ stocks backed by valuations and fundamentals: KEP (Keppel Corp), VMS (Venture Manufacturing), STE (ST Engineering), GENS (Genting Singapore) and AEM.

■ Our Alpha list: we remove Memtech given its YTD outperformance, and add STE and China Sunsine; others remain: UOL, SMM, mm2, Yongnam and Sunningdale.

■ Our FSSTI target of 3,600 is intact.

Alpha picks (Small-cap)

Price
($)

Target Price

Upside

BUY level
($)

Core P/E
CY19F

AEM Holdings

5.36

6.62

23.5%

4.70

8.6

China Sunsine

1.13

1.50

32.7%

0.95

7.5

mm2 Asia

0.49

0.76

56.4%

0.49

14.7

Sunningdale Tech

1.86

2.79

56.1%

1.86

8.3

Yongnam Holdings

0.32

0.53

65.9%

0.30

6.5


For the full table and report, click here. 


Share Prices

Counter NameLastChange
AEM Holdings0.8650.065
Alliance Mineral0.3200.010
AusGroup0.040-0.001
Avi-Tech Electronics0.380-
Best World Int.1.210-0.010
China Sunsine1.2000.020
DISA Limited0.008-
Dutech Holdings0.250-
Federal Int. (2000)0.270-
Food Empire0.550-
Geo Energy0.225-
Golden Energy0.305-0.010
GSS Energy0.1340.004
Heeton Holdings0.520-0.005
ISOTeam0.325-0.005
KSH Holdings0.6000.005
Lian Beng Group0.500-
Miyoshi0.0550.003
Nordic Group0.5050.010
Oxley Holdings0.340-
REX International0.0420.001
Riverstone1.1100.010
Roxy-Pacific0.430-
Serial System0.145-0.001
Sing Holdings0.410-
Sino Grandness0.200-
Straco Corp.0.7400.010
Sunningdale Tech1.4300.020
Sunpower Group0.585-0.010
The Trendlines0.102-
Tiong Seng0.330-
Trek 2000 Int.0.113-0.001
Uni-Asia Group1.340-0.010
XMH Holdings0.280-
Yangzijiang Shipbldg1.060-0.020

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