The analysts note that since June 19, 2022, all their ESG picks gained 6.5% and top ESG picks gained 9.4%, as compared to the FSSTI at 5% and SGXSULE and 3.6%.
After outperforming the Straits Times Index (STI) by 25% and the SGX ESG Leaders Index (SGXSULE) by 26%, CGS-CIMB Research analysts have reshuffled their environmental, social, governance (ESG) top picks to add Oversea-Chinese Banking Corporation (OCBC) (SGX:O39
) in their existing top performers, which include Boustead Singapore (SGX:F9D) , Pan-United (SGX:P52) , UOL Group (SGX:U14) and Yanzijiang Shipbuilding (YZJ) (SGX:BS6) .
Analysts Lim Siew Khee, Lock Mun Yee and Melvin Lim say that between Sept 20, 2021 and May 4, 2023, all CGS-CIMB’s ESG portfolio picks have gained 24%, while their top ESG picks gained 32.5%, outperforming both the STI’s 7.3% and the SGXSULE’s 6.3%.
