- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.stocksbnb.com/ 2024-07-02
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