It looks like you are using an older version of Internet Explorer. Using an outdated browser makes your computer unsafe. For the best experience on the web, please update your browser or install Google Chrome Frame.
Get the latest stock picks and market updates from Market Insight
What Is Growth Value Yield (GVY) Model Stock List?

Our retail research team has created 3 stock lists, namely Growth, Value and Yield.

Some description 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.
Some description 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.
Some description 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.

 

August Market Overview

The Singapore market ceded ground in August, which is traditionally the weakest month of the year, as US President Trump went on the war path with China, Turkey, Canada and EU over trade and other geopolitical matters. This drove down the STI by 3.2% back to near 2017 lows.

There was a wide dispersion in the performance of STI component stocks during the month, with sharp recovery in Yangzijiang(+8.5%), Venture Corp (+7%) and CapitaLand (+5.7%) following their creditable 2Q18 results, while Genting Singapore (-16%), Thai Bev (-15.2%) and Jardine Strategic (-8.8%) were the big losers.

Ytd, the STI is down 5.6% (Jul: -2.4%) with a negative total return of -2.5% (Jul: -0.3%), inclusive of dividends. On an equal weighted basis, the average loss of STI constituents was 7% (Jun: -5.2%), with 60% of 30 stocks still in the red.

Against this backdrop, Market Insight’s Growth, Value, Yield (GVY) basket of stocks also dipped 0.5ppt in Aug, giving a relatively narrower average ytd loss of -1.3%.

 

Some description 

 

Growth List +2.9% YTD   

Some description

Average total return of the Growth portfolio was eroded by continued weakness in APAC Realty following the property cooling measures in early July.

The performance was also dented by a slide in China
Sunsine after management flagged that its selling prices may have peaked. This coupled with the slowing China economy and US tariffs could dampen demand for its products. Nevertheless, the rubber chemical producer remained the top performer in the portfolio.

Heavily battered tech stocks Venture Corp and Valuetronics recovered some of the losses suffered during the Jun/Jul sell-off, which appeared overdone.

Despite turning in robust FY18 earnings, we closed out our position in Health Management Int’l due to increasing competition from opening of new hospitals in Johor as well as anticipated start-up losses from newly acquired
StarMed Specialist Centre.

 

Value List -4.8% YTD

Some description

Improved performance of the Value portfolio was supported by the strong rebound in Yangzijiangand extended gains from CapitaLand following its addition in July, while ST Engineering and Boustead remained relatively steady.

 

Yield List -4.5% YTD

Some description

The Yield portfolio was weighed by the cloudy outlook for UMS (slower wafer fab equipment growth) and Asian Pay TV (increased competition) although both still offer appealing dividend yields of 8% and 17.6% respectively.

 

 

 

Note: * Including dividends
         ** Priced in USD

Disclaimer

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.

Opinions, projections and estimates are solely those of Maybank Kim Eng Securities at the date of this document and subject to change without notice. Past performance is not indicative of future results and no representation or warranty is made regarding future performance. Any forecast contained herein as to likely future movements in rates or prices or likely future events or occurrences constitutes an opinion only and is not indicative of actual future movements in rates or prices or actual future events or occurrences (as the case may be).

Maybank Kim Eng Securities makes no representation or warranty of any kind, express, implied or statutory regarding, but not limited to, the accuracy of this document or the completeness of any information contained or referred to in this document. This document is distributed on the express understanding that, whilst the information in it is believed to be reliable, it has not been independently verified by us. Maybank Kim Eng Securities accepts no liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this document, howsoever arising, and including any loss, damage or expense arising from, but not limited to, any defect, error, imperfection, fault, mistake or inaccuracy with this document, its contents or associated services, or due to any unavailability of the document or any part thereof or any contents.

Maybank Kim Eng Securities, and/or a connected company, may at any time, to the extent permitted by applicable law and/or regulation, be long or short any securities, currencies or financial instruments referred to on this document or have a material interest in any such securities or related investment, or may be the only market maker in relation to such investments, or provide, or have provided advice, investment banking or other services, to issuers of such investments. Accordingly, Maybank Kim Eng Securities, its affiliates and/or subsidiaries may have a conflict of interest that could affect the objectivity of this document. This document must not be forwarded or otherwise made available to any other person without the express written consent of Maybank Kim Eng Securities.

How To Access Market Insight

On iPhone and Android

Step 1: Log in to KE Trade Mobile

Step 2: Select "Market Insight"

Some description

Step 3: Choose from four markets and search for your stock 

Some description

On iPad

Step 1: Log in to KE Trade Mobile 

Step 2: Go to "Market Insight"

 

On Web Browser

Step 1: Log in to www.ketrade.com.sg on your web browser

Step 2: Go to your Watchlists, 4Site and QuickTrade pages

Step 3: Right click the stock you wish to find out more about and select "Market Insight"

Some description

 

 

Market Insight on KE Trade iPad App

Benefits

Get the latest research insights on your iPad with Market Insight! Now you can not only trade on the move, but also stay updated on the move.

 

1. In-depth regional and local coverage 

  • Read reports on companies, sectors, economics and strategies.
  • View research call consensus charts and find out about Maybank Kim Eng's buy-sell-hold calls.
  • 11 markets are covered - Singapore, Hong Kong, Malaysia, Philippines, Thailand, Indonesia, Korea, Vietnam, India, United States and Taiwan.
Some description  
   
   

2. Model portfolio 

  • Get trading ideas by viewing model portfolios formed using characteristics like growth, yield and value.
  • Find out the latest news and market talk on a particular counter by clicking it in the model portfolio.
Some description  


3. Customisable content

  • Bookmark only the research coverage that you need under "My Picks".
Some description  
   

Accessing Market Insight on iPad

 Step 1: Download KE Trade for iPad or search "Maybank KE Trade SG" in the iTunes App store using your iPad

Some description

Step 2: Open the app and sign in with your Username and Password

Some description

Step 3: Click on the "Market Insight" tab

Some description

Not a Maybank Kim Eng Client Yet?
Please leave your details and we will be in touch with you soon.

Title
Preferred Time of Call (Optional)
*CAPTCHA
This question is to prevent automated spam submissions. Entries are not case sensitive.