Excerpts from CIMB report
Singapore Strategy
Prepare with a shopping list 
@ 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 |
|
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.
