Singapore Stock Alpha Picks (May 2023) - UOB Kay Hian 2023-05-04: Solid Outperformance In 2023; No Changes To Our Portfolio

Singapore Stock Alpha Picks (May 2023) - Solid Outperformance In 2023; No Changes To Our Portfolio

Singapore Stock Alpha Picks - UOB Kay Hian Research | SGinvestors.ioDelfi (SGX:P34) SINGTEL (SGX:Z74) CIVMEC LIMITED (SGX:P9D)
  • Our Singapore Stock Alpha Picks (April 2023) bettered the STI by 3.2ppt on a market cap-weighted basis in Apr 23. On an equal-weighted basis, our portfolio still outperformed the STI by 2.9ppt.
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  • We make no changes to our Alpha Picks portfolio for May 23. Our Alpha Picks portfolio has now beaten the STI in 13 out of the past 14 months.

Market review.

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  • A mixed start to the US corporate earnings season also left investors waiting on the side-lines, gauging the health of corporate earnings and the overall US economy. With growing macroeconomic uncertainty, the STI remained relatively flat in Apr 23, inching up slightly by 0.4% m-o-m.

Strong returns of our Alpha Picks portfolio in year-to-date.

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Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

Singapore Research Team UOB Kay Hian Research | 2023-05-04

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