Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

DBS: Singapore Equity Picks – Guarding our performance 19 Sep 2022

Posted on September 19, 2022September 19, 2022 By alanyeo No Comments on DBS: Singapore Equity Picks – Guarding our performance 19 Sep 2022

The Straits Times Index (STI) was flat since our previous August update. Renewed worries about steep rate hikes countered the better-than-expected 2Q earnings season. 

We initiated a position in UMS Holdings on the back of a strong earnings revision following its strong 2Q performance. The potential reinstatement of pioneer tax status in Malaysia was also a near-term catalyst for this stock – which actualised in mid-September.

We took some profits on names that had performed strongly since their respective inclusions. We top-sliced our tech exposures to UMS Holdings and Venture Corp due to renewed rate hike concerns after the Jackson Hole meeting in late August. Raffles Medical was also removed due to limited near-term upside, having registered an impressive 16.7% gain since 2 August.

Knowing when to limit losses when things go against us is as important as picking the right stock. This was put into practice when we removed Nanofilm Technologies on 16 Sep, barely three days after its inclusion.

Singapore Equity Picks continue to outperform the benchmark, although performance slipped slightly over this review period with a TWRR since inception of 132.4% (prev. 134.9%). Annualised return since inception stands at 14.68%.

We look to be selective about the names we pick and seek opportunities when they arise, to guard our outperformance versus the broader market.

DBS-Equity-Picks-19Sep22Click here to Download Full Report in PDF

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Research - Equities Tags:CDL Hospitality Trusts, ComfortDelGro, Frasers Centrepoint Trust, Genting SP, SIA, Singapore Airlines, Singapore Strategy, thaibev, UMS, Venture Corp

Post navigation

Previous Post: DBS: China Property Sector
Next Post: Maybank: Singapore Economics

Related Posts

CIMB: Singapore Hospitality REITS – Overweight Research - Equities
CIMB: Singapore Airlines – Reduce Trget Price $6.78 (Previous $6.53) Research - Equities
DBS: Decoding 2Q results and charting the course for 2H23 – ASEAN Consumer: Food for Thought Research - Equities
UOBKH: ComfortDelGro Corporation (CD SP) – Upgrade to Buy Target Price $1.41 Research - Equities
DBS: Enduring a “red hot” summer – Singapore REITs Research - Equities
DBS: ThaiBev Annual Information Meeting takeaways – Liqour bill may post opportunities Research - Equities
CIMB: Thai Beverage – Add Target Price $0.88 Research - Equities
CIMB: Venture Corp Ltd – Technical Buy Research - Equities
DBS: Technology – Positive industry data reinforces our view of an anticipated recovery in 2H23 Research - Equities
DBS: Singapore Stock Pulse – 2 datapoints to potentially offset anticipated weak 2Q23 results for technology stocks Research - Equities
DBS: Ride on recovering rents – Singapore Retail REITs Research - Equities
UOBKH: Singapore Aviation – SIA, SATS, SIAE Research - Equities

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme