Our retail research team has created 3 stock lists, namely Growth, Value and Yield.
|The Growth List comprises of small-mid capitalisation companies with business catalysts which will potentially grow their earnings in the near future. The Growth portfolio would be suitable for investors looking for higher returns and are willing to tolerate the risk of higher short-term volatility of stock prices.|
|The Value List focuses on companies which are undervalued based on their share prices as compared to the company fundamentals. It would be suitable for conservative investors who prefer price stability and have a longer investment horizon.|
|The Yield List comprises of stocks that provide consistent dividend pay-out. It would be suitable for investors whose primary focus is to gain regular dividend income from their investments.|
September Market Overview
The STI slipped 1.7% in Sep as investors took some risks off the table amid heightened geopolitical tensions between North Korea and the US.
Nevertheless, the index is still up 11.8% for 9M17, spurred by the rally in banks and property counters on positive economic growth from a sharp pick-up in electronics shipments and a recovery in the housing market.
Against this backdrop, our GVY portfolio achieved an average year-to-date return of 29%.
Growth List +25.7% TYD
Key performer for Sep was Best World (+22.4%) as the stock rebounded from an indiscriminate sell-off in the direct selling industry in Aug following a Chinese government crackdown on illegal pyramid schemes.
Test handler manufacturer AEM (+8.1%) recovered from some profit-taking in global technology names, ahead of its upcoming 3Q results next month.
Value List +9.7% YTD
While the valuation of the prized asset remains intact, the withdrawal of the sale means that no re-rating would be forthcoming in the short term. Despite its share price reaching an all-time high of $2.86 in mid-Sep, we exited Mandarin Oriental at US$2.00, locking in a nominal gain of 3.1%. This came after proposals by several bids for its 848-room waterfront hotel, The Excelsior in Hong Kong, did not meet management's expectations.
Yield List +51.6% YTD
Overall, portfolio performance remained creditable, thanks to Venture Corp and Micro-Mechanics, which rose 18.6% and 18.9% respectively, post sterling 2Q17 and 4QFY17 results.
Note: *Including dividends
** Index return (based on entry date)
This document is not research material and it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. This document does not necessarily represent the views of every function within Maybank Kim Eng Securities.
This document is being distributed for general information only and it does not constitute an offer, recommendation or solicitation to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments. This document is for general evaluation only, it does not take into account the specific investment objectives, financial situation or particular needs of any particular person or class of persons and it has not been prepared for any particular person or class of persons.
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