UOB Kay Hian is adding GHY Culture and Media (GHY), as well as Innotek to its Alpha Picks portfolio, after both companies reported “strong outperformances” in Jan 2021.
In a Feb 9 note, the brokerage said the portfolio rose 5.7% m-o-m in January vs the Straits Times Index’s (STI or FSSTI) more moderate gain of 2.1% m-o-m.
“With the exception of Far East Hospitality Trust (-4.8% m-o-m), the rest of our picks performed better than the FSSTI. Notable outperformers include First Resources (+21.1% m-o-m), Thai Beverage (+12.2% m-o-m), Sunpower (+11.3% m-o-m) and Food Empire (+9.8% m-o-m).
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