Transport, property, telco stocks in focus

Singapore

AS Singapore faces a subdued economic growth environment in 2016, brokers say clients should focus on stocks in the property and transport sectors.

These sectors could be given a lift by domestic policies, restructuring, and corporate actions, they say.

Meanwhile, telcos StarHub and M1 could see earnings fall with the potential entrant of a fourth telco, they add.

Credit Suisse likes property developer City Developments (CDL), for which it has a target price of S$12.

"We believe CDL has an underappreciated portfolio of investment properties, the value of which could be potentially unlocked near term through an asset divestment, while retaining long-term ownership. As at Sept 2015, CDL's investment properties are held at S$3.1 billion versus our estimated value of S$7.6 billio…