Swissco, Sheng Siong among CIMB's top picks
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Singapore
OFFSHORE and marine (O&M) counter Swissco Holdings is the only oil and gas-related stock left on brokerage CIMB's top small-cap list for 2015, compared to its list last year when O&M stocks dominated.
"Shallow-water production and maintenance activities are more likely to continue in a low oil price environment," the brokerage said as it revealed its top picks for next year in a Monday report. "We think that they are at the stage where there is less renewal risk and assets will only come into the listed company, if backed by contracts."
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