Singapore Small-Mid-Cap Stocks - UOB Kay Hian 2025-02-24: Identifying Beneficiaries Of MAS' $5bil Liquidity Boost

• MAS equities market review group announces S$5b investment initiative to enhance market liquidity; expect small mid cap stocks to be the biggest beneficiaries.
• Our screening of small to mid-cap stocks based on trading liquidity, P/B and P/E ratios has identified 37 stocks that could benefit.

What's new

• - Read this at SGinvestors.io -
• The strategies will be actively managed and diversified across various counters, rather than solely focusing on index component stocks. As a result, we think the small to mid-cap stocks in Singapore will be the biggest beneficiaries of this measure.
• The initiative will channel the funds to asset managers with a “strong investment track record” and a focus on Singapore-listed equities. Funded through its investment portfolio and the Financial Sector Development Fund, the programme aims to enhance market liquidity and support Singapore’s fund management ecosystem.
• - Read this at SGinvestors.io -

Screening for small mid cap stocks that could benefit from MAS measures.

• We conducted a screening of Singapore listed small to mid-cap stocks in the market cap range of S$200m-2b, based on the following criteria:
  1. 3-month average daily traded value (ADTV) of at least S$0.3m,
  2. P/B ratio of less than 1.0x, and
  3. trailing 12 months (TTM) P/E ratio of below 20x.
• This screening exercise has identified 37 small to mid-cap stocks that could benefit from MAS measures, as small to mid-cap stocks with decent liquidity that are trading at compelling valuation should garner more attention. Refer to the PDF report for the complete list of 37 stocks.

Top 10 picks among the Singapore Small-and Mid-cap stocks

• Read more at SGinvestors.io.

John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-02-24 SGinvestors.io

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