UOB adds GHY and Innotek to Alpha Picks portfolio, drops Sunpower, Frencken and Venture

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).