- Starting off strong for 2H23, our Alpha Picks portfolio was yet again positive in Jul 23, making it seven consecutive months in 2023. Driven by our O&G-related picks, our Singapore stock alpha picks (Jul 2023) portfolio beat the STI by 1.6ppt on a market cap-weighted basis.
- - Read this at SGinvestors.io -
- For Aug 23, we add ComfortDelGro, SEA, Bumitama Agri and LHN, backed by favourable tailwinds and strong earnings outlook.
- We have also removed SIA Engineering, REXI and Lendlease Global Commercial REIT from our Alpha Picks portfolio.
Market review.
- - Read this at SGinvestors.io -
- Furthermore, a robust start to the US earnings season also drove positive investor sentiment, sending markets higher in the latter half of Jul 23 with the STI rising 5.2% m-o-m.
Good start to 2H23.
- Read more at SGinvestors.io.
