Home Capital Broker's Calls

UOB Kay Hian adds Sea Limited, CDG to its alpha picks portfolio; removes Singtel

Felicia Tan
Felicia Tan6/7/2021 3:19 PM GMT+08  • 3 min read
UOB Kay Hian adds Sea Limited, CDG to its alpha picks portfolio; removes Singtel
Sector-wise, banks and industrials outperformed, with industrial and hospitality trusts registering declines in May.
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 NYSE-listed Sea Limited and transport operator ComfortDelGro (CDG) to its Alpha Picks for the month of June after its portfolio beat the benchmark Straits Times Index (STI) in May with a 1.5% month-on-month (m-o-m) decline compared to the latter’s 1.7% m-o-m decline.

“Following the lead of global and regional markets, the STI dipped in mid-May to trough at 3,032 on May 14 only to recover in the last week as MSCI Singapore Index revisions led to increased fund inflows,” writes UOB Kay Hian’s Singapore research team in a June 4 report.

“With the Singapore government potentially relaxing Phase 2 (Heightened Alert) restrictions in mid-June there appears to be upside to some re-opening plays,” it adds.

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.