Since it is impossible to have an ideal stock offering all the key mega trends and still provide stability, good cash flow, dividend, etc., a more realistic approach in the current uncertain time is to focus on stock picks. The STI is currently trading at -1 SD for both P/B and PER. Historically, when the index was at these levels, during the Global Financial Crisis (GFC) and the Chinese stock market crash (2016), these also presented opportunities to accumulate stocks.
Brilliance China Auto’s key business lies in the joint venture with BMW for the production of BMW 1, 2, 3 and 5-series sedans and X1 SUVs in China. The Group also manufactures and sells minibuses and automotive components under its own brands, namely “JinBei” and “Granse”. Other businesses include the manufacture of diesel and gasoline engines for use in minibuses, sedans, SUVs, and light duty trucks.
Henderson Land’s (HLD) land banking strategy in Hong Kong focused on converting farmland, acquiring old buildings and offering new tenders for future value enhancement. The government’s priority to increase land supply for housing and economic development in Hong Kong should help HLD unlocking the value of its long-held farmland reserves.
In times of volatility, Sheng Siong Group (SSG) offers certainty over its earnings outlook backed by a resilient business model. With nearly 100% exposure to Singapore, and selling mainly consumer staples, we expect SSG’s business to be relatively unaffected by the on-going trade spat in other parts of the world.
Banking stocks have performed well this year, up some 9% YTD at the high, as measured by the FTSE ST Financial Index (FSTFN). While share prices have come off and the index is now off the year’s high of 1112.15 in May 2018, we believe that most of the positive drivers are still intact despite current equity market softness. The outlook is definitely improving as the banking sector saw several quarters of improvement as allowances declined, NPLs plateaued and margins started to reverse up.
Cheung Kong Infrastructure Holdings Limited is a global infrastructure company that has a variety of infrastructure investments and developments in different parts of the world. The group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy, Household Infrastructure and Infrastructure Related Businesses.
Azure power is a leading independent power producer and developer of solar energy in India. The
company, founded in 2008 by Indrapreet Wadhwa, was a pioneer in India’s Solar projects and
developed the first private utility scale project in 2009.
Indika Energy Indonesia | Metals & Mining – Fixed Income Background PT Indika Energy Tbk. (Indika) is an integrated Indonesian energy company involved in three primary businesses: Energy Resources, Energy Services and Energy Infrastructure, which accounted for 40%, 49% and 11% of total revenues in FY17. Within Energy Resources, Indika’s key asset is its 91% subsidiary PT Kideco Jaya Agung (Kideco), Indonesia's third-largest domestic coal producer and one of the world's lowest-cost...