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UOB Kay Hian adds Genting Singapore to its alpha picks portfolio, removes GHY Culture & Media

Atiqah Mokhtar
Atiqah Mokhtar8/4/2021 04:33 PM GMT+08  • 2 min read
UOB Kay Hian adds Genting Singapore to its alpha picks portfolio, removes GHY Culture & Media
The portfolio's performance for July was in line with the STI.
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UOB Kay Hian has added Genting Singapore to its Alpha Picks after the portfolio saw a flat performance for the month of July versus the Straits Times Index (STI).

“On both price- and market cap-weighted basis, our Alpha Picks portfolio rose 1.3% and 1.5% respectively and was in line with the STI’s 1.2% m-o-m increase,” the Singapore research team says in a August 4 note.

Seven stocks in the portfolio outperformed the index, including Singapore Exchange (SGX), UMS Holdings, Ascendas REIT and Frasers Logistics & Commercial Trust (FLCT). On a m-o-m basis, the stocks gained 6.3%, 5.9%, 5.8% and 5.6% respectively, compared to the STI’s 1.2% increase.

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