Alpha Picks UOB Kay Hian, March 6

ADDING in a new pick to "buy" and one to topslice. We introduce Sunningdale into our Alpha Picks after our "buy" initiation with a target price of S$1.83. We remain believers in China Aviation Oil (CAO) and Food Empire as CAO will continue to benefit from the robust growth in China's civil aviation industry and the global aviation industry, whereas Food Empire is an inexpensive consumer proxy for Russia and Ukraine. Sembcorp Marine ("hold" rating) is a candidate for investors to topslice or short after its 47 per cent year-to-date rise, which we believe is not justified by its fundamentals.

Q & M Dental Group | Reduce Target price: S$0.65 March 6 close: S$0.69 Phillip Securities Research, March 6