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 Holdings6.3600.320
Alliance Mineral0.4000.005
AusGroup0.0510.002
Avi-Tech Electronics0.5100.010
Best World Int.1.3600.010
China Sunsine1.300-0.010
DISA Limited0.012-
Dutech Holdings0.320-0.005
Federal Int. (2000)0.390-
Food Empire0.6550.005
Geo Energy0.240-0.005
Golden Energy0.4250.020
GSS Energy0.1660.010
Heeton Holdings0.5950.015
ISOTeam0.330-
KSH Holdings0.7600.010
Lian Beng Group0.6800.005
Miyoshi0.070-
Nordic Group0.580-
Oxley Holdings0.570-0.105
REX International0.0550.001
Riverstone1.040-
Roxy-Pacific0.570-
Serial System0.1750.004
Sing Holdings0.430-0.005
Sino Grandness0.205-
Straco Corp.0.8350.005
Sunningdale Tech1.9700.040
Sunpower Group0.595-0.005
The Trendlines0.143-
Tiong Seng0.395-
Trek 2000 Int.0.2650.020
Uni-Asia Group1.3700.030
XMH Holdings0.250-
Yangzijiang Shipbldg1.4700.030

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