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9 undervalued stocks to watch in the MSCI Singapore Index: KGI

Stanislaus Jude Chan
Stanislaus Jude Chan12/18/2018 03:02 PM GMT+08  • 6 min read
9 undervalued stocks to watch in the MSCI Singapore Index: KGI
SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%.
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SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%.

According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), CapitaLand, Genting Singapore (GENS), and Singapore Airlines (SIA) – are trading below their 10-year price-to-earnings (P/E) and price-to-book (P/B) averages.

“We believe that they offer limited downside risks while paying an attractive dividend yield,” says analyst Joel Ng in a report on Tuesday.

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