Brokers' take
Singapore strategy
DBS Group Research, Oct 12
THERE are three key events to watch in October: MAS (Monetary Authority of Singapore) policy meeting, GDP and Q3 earnings report card.
For Q3 results, we will be keeping an eye on provision and non-performing loans for banks; margins for downstream consumer and plantation sectors and rigbuilders; forex impact on plantations and S-Reits; and contract rescheduling/cancellations for rigbuilders which could point to further downgrades for 2016.
Select stocks with earnings visibility or dividend upside (Thai Beverages, Riverstone, Sheng Shiong, Sembcorp Industries, ST Engineering, CapitaLand, Singapore Airlines and Venture Corporation). Depressed valuations in oil and gas sector could throw up trading opportunities, with risk on the upside as winter approaches while Opec's meeting on Dec 4 is the wild card. Among the small caps, we prefer Ezion and Paci…
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