MSCI Singapore index

9 undervalued stocks to watch in the MSCI Singapore Index: KGI

SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%.

According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), CapitaLand, Genting Singapore (GENS), and Singapore Airlines (SIA) – are trading below their 10-year price-to-earnings (P/E) and price-to-book (P/B) averages.

Singapore stocks are floating on foam: Bloomberg Gadfly

SINGAPORE (March 7): Read the shipping and offshore oil industry news in Singapore and you'd be forgiven for imagining the country's stock market must also be in the doldrums.

A string of restructuring and bankruptcy proceedings was capped last week with reports that distress at oil-services company Ezra Holdings has deepened. Ezion Holdings, one of the biggest companies in the sector, also recently posted its worst loss since the Asian financial crisis.

Could 2017 spell the end of EPS cuts for the Singapore market?

SINGAPORE (Nov 29): UBS Global Research is expecting more cuts to its 2017 earnings per share (EPS) estimates in early 2017, but believes this is set to bottom out before a likely cyclical pick-up in 2H17.

“Our view is that the trough in EPS is still more than 6 months away and, with our observation that the market lacks consensus on the timing of a cyclical pick-up, we would expect yield stocks to continue doing relatively well in 1H17 and would look to add cyclicality for 2H17,” say UBS analysts Cheryl Lee and Rachael Tan in a report on Monday.

Be informed of the stories that matter


Be informed of the stories that matter