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UOB Kay Hian adds OCBC to its alpha picks, drops Thai Beverage

Felicia Tan
Felicia Tan1/3/2022 4:40 PM GMT+08  • 2 min read
UOB Kay Hian adds OCBC to its alpha picks, drops Thai Beverage
"Our portfolio was hurt in December 2021 by the lack of financial sector exposure," says the team.
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UOB Kay Hian Research has added OCBC Bank to its alpha picks portfolio for the month of January.

The move comes after the team’s portfolio saw a flat month in December, which stood 0.2% higher month-on-month (m-o-m), compared to the benchmark Straits Times Index’s (STI), which grew 2.7% m-o-m.

“Our portfolio was hurt in December 2021 by the lack of financial sector exposure which rose by an aggregate 2.5% m-o-m,” writes the team in a Jan 3 report.

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