Singapore Stock Alpha Picks (December 2022) - UOB Kay Hian 2022-12-05: Add SIA & UMS; Remove First Resources, ComfortDelGro & Yangzijiang

• Our Singapore stock alpha picks (November 2022) outperformed the STI index, advancing by 8.9% on a market-cap weighted basis vs the STI’s 6.4% gain in Nov 22.
• - Read this at SGinvestors.io -
• We also take profit on First Resources and Yangzijiang Shipbuilding after their strong performances while removing ComfortDelGro from our portfolio, given compressing margins and the potential loss of its current bus contracts.

Singapore stock market review.

• - Read this at SGinvestors.io -
• Also, the slight easing of China’s COVID-19 restrictions lifted hopes for an earlier-than-expected shift away from its ongoing zero-COVID policy, boding well for Asia’s regional economic outlook.

Outperformance in Nov 22.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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