Singapore Stock Alpha Picks (January 2024) - UOB Kay Hian 2024-01-03: Add CapitaLand Ascott Trust, SATS; Remove RHP, SIA Engineering, Far East Hospitality Trust

• The STI extended its rally in Dec 23 as encouraging economic data, cooling inflation and dovish comments from the US Fed raised hopes of an end to the rate-hike cycle. Our Singaore Stock Alpha Picks (December 2023) portfolio responded accordingly, rising 5.9% m-o-m in Dec 23, beating the STI by 0.5ppt on an equal-weighted basis.
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• For Jan 24, we add CapitaLand Ascott Trust and SATS and remove RH PetroGas, SIA Engineering and Far East Hospitality Trust.

Market review.

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Outperformance for 4Q23 and 2023.

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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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