- 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.
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 @ https://www.utrade.com.sg/.
Singapore Research UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-08-03
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