SINGAPORE (Dec 18): DBS Vickers Securities are recommending CapitaLand, City Developments, Ezion, Frasers Centrepoint, Japfa, Mapletree Greater China, ST Engineering, Sheng Siong, Thai Bev and Venture Corp. as buys for the new year.

That’s because these stocks represent “smart nation proxies, beneficiaries of domestic policy changes and companies in value unlocking mode, generating upside in dividend payout.”

The house is also “overweight” on the transport sector as a beneficiary of low oil prices and property developers, which are trading at distressed valuations with upside catalyst from potential policy relaxation.

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