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 Holdings1.570-4.240
Alliance Mineral0.370-0.005
AusGroup0.047-
Avi-Tech Electronics0.4150.005
Best World Int.1.2600.010
China Sunsine1.6100.020
DISA Limited0.009-
Dutech Holdings0.300-
Federal Int. (2000)0.265-0.020
Food Empire0.675-
Geo Energy0.240-
Golden Energy0.3750.010
GSS Energy0.1520.001
Heeton Holdings0.565-0.005
ISOTeam0.3600.005
KSH Holdings0.645-0.010
Lian Beng Group0.635-
Miyoshi0.063-
Nordic Group0.535-0.005
Oxley Holdings0.4700.005
REX International0.051-
Riverstone0.9950.025
Roxy-Pacific0.515-
Serial System0.166-
Sing Holdings0.440-
Sino Grandness0.215-0.005
Straco Corp.0.770-0.005
Sunningdale Tech1.2700.020
Sunpower Group0.5000.015
The Trendlines0.1290.006
Tiong Seng0.405-
Trek 2000 Int.0.144-
Uni-Asia Group1.3900.010
XMH Holdings0.300-
Yangzijiang Shipbldg1.060-0.050

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