UOBKH’s alpha picks portfolio “overcame weak investor sentiment in September”, beating the Straits Times Index (STI) by 4.7 percentage points (ppt) on a market cap-weighted basis and 0.4 ppt on an equal-weighted basis. According to the report dated Oct 2, the portfolio has outperformed the STI in 17 out of the past 19 months.
UOB Kay Hian (UOBKH) analysts have added Marco Polo Marine (SGX:5LY
) and RH Petrogas (SGX:T13) to its alpha picks portfolio for October 2023, in anticipation of higher utilisation rates and near-term drilling upside potential for each respective stock pick.
The brokerage firm has also removed Delfi and LHN Group due to a lack of near-term catalysts. Yangzijiang Shipbuilding is also off the list as UOBKH’s analysts expect a quiet period for new orders.
