Home Capital Broker's Calls

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now