They add that DFI has had an improving outlook following their disposal of Yonghui, with potential signs of bottoming in AEM’s upcoming results.
DBS Group Research analysts Yeo Kee Yan and Foo Fang Boon have identified ComfortDelGro (SGX:C52
) (CDG), Sats, DFI retail group and AEM Holdings (SGX:AWX) as their top stock picks amid the outcomes of the impending US election, Federal Open Market Committee (FOMC) meeting and China fiscal policy details.
In the ongoing 3QFY2024 results season, the analysts note that CDG and Sats have the ability to “surprise positively”. CDG benefits from stronger recovery and contribution from its UK business while Sats has sustained strength in global air cargo and passenger traffic, they write in their Nov 1 report.
