Phillip 3Q24 Singapore Strategy - Phillip Securities 2024-07-02: Seizing The Yield

• We added OUE REIT (SGX:TS0U) to the Phillip Absolute 10 portfolio of Singapore stock picks due to its attractive dividend yield of almost 8% and 50% discount to book on its Singapore assets. We removed Thai Beverage (SGX:Y92) due to the overhang from higher alcohol duties.

Review:

• - Read this at SGinvestors.io -
• Yangzijiang's share price chalked up a stellar performance, with container freight rates surging 75% over three months.
• Seatrium's share price was spooked by new investigations related to Brazil. This was despite securing multiple new contracts, including two FPSO contracts worth S$11bn.
• - Read this at SGinvestors.io -

Outlook:

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

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