Alpha Picks: Adding UMS, Frasers Logistics; Removing
Far East HTrust, Food Empire For 2Q21, our Alpha Picks significantly outperformed the STI, rising 15.2% qoq vs the latter’s 1.1% qoq decline. For Jun 21, our portfolio eked out a 0.1% mom gain that nevertheless did better than the STI’s 1.1% mom decline. Jun 21’s notable outperformers were Sea Ltd (+13.4% mom) and SGX (+8.2% mom). For Jul 21, we add newly-initiated Frasers Logistics & Commercial Trust (FLCT) and UMS, and remove Far
East Hospitality Trust (FEHT) and Food Empire.