UOBKH ‘Alpha Picks’ beats STI in August due to large-caps; Sats in for September
The Singapore portfolio rises 5.6% on a market cap-weighted basis while the STI gains 2.3%
In August, UOB Kay Hian's "Alpha Picks" portfolios for Singapore and Malaysia outperformed their respective benchmark indices. The Singapore portfolio saw a 5.6% return on a market cap-weighted basis and 4.7% on a price-weighted basis, surpassing the Straits Times Index (STI) which rose by 2.3%. Larger-cap stocks were the primary drivers of the Singapore portfolio's performance, with gains in the shipyard sector (8.6%), plantation stocks (6.9%), and technology (5.6%).
Notable performers included OCBC, Venture Corporation, and City Developments. Underperformers such as UltraGreen.ai and Huationg Global suffered significant declines. For September, Sats was added to the Singapore portfolio following strong performance and expected margin improvements, replacing UltraGreen.ai and Hong Leong Asia.
The Malaysia Alpha Picks portfolio also outperformed its benchmark, the FBMKLCI, with an average return of 2% in August compared to the index's 0.1% gain. The portfolio was led by Oxford Innotech, Northeast Group, and Gamuda, while laggards like Mr DIY, Tenaga Nasional, and SD Guthrie underperformed. For September, high-quality large-cap domestic leaders and selectively accumulating fundamentally sound laggards are favored, with new additions Bermaz Auto and Sunway Reit.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
