Lim & Tan Securities in yesterday's research report favors some counters during current weak market.
"... In Singapore, the timing of the latest property measures will likely continue to damp enthusiasm property and related stocks for a while, although leaders like CapitaLand ($2.35 on Friday, down 7), City Developments ($9, down 18) are at important technical supports. Otherwise, based on remarks by Finance Minister Tharman last week, Reits and other high-yielders will likely remain popular with increasingly risk-averse investors. Here, we maintain preference for City Spring (a business trust; 33 cents, unch), Fraser Centrepoint ($1.505, down 1), Mapletree Commercial (87 cents, down half), Parkway Life ($1.76, down 2.5), StarHub ($2.86, up 2), and M1 ($2.41, down 2). Others that we favor are DBS ($12.08, down 22), SembCorp Industries ($4.19, down 16), Keppel Corp ($9.20, down 10), Semb Marine ($3.86, down 12). ..."
No comments:
Post a Comment