SINGAPORE (Nov 18): Maybank Kim Eng is recommending four near-term stock picks that are skewed to a preference for capital preservation, rather than pursuing growth options which the research house argues may carry lower defensibility.
In a Friday report, analyst Neel Sinha notes resilient margins among Singapore corporates despite yet another poor quarter of financial results.
“STI earnings expectations have been on a downward trend for most of this year, but we note that the extent of downgrades in this quarter has been a quantum lower than those witnessed in the earlier reporting periods of 2016, and plateauing is likely over the next couple of quarters,” says Sinha.
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