On an absolute return basis, Yangzijiang Shipbuilding (up 16.5% m-o-m), Genting Singapore (up 2.5% m-o-m) and DBS Group Holdings (up 2.4% m-o-m) outperformed while Nanofilm (down 17.1% m-o-m) and CapitaLand Investment (CLI) (down 13.3% m-o-m) were the main underperformers.
UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.
According to UOBKH analysts, the Alpha Picks outperformed the Straits Times Index (STI) in October, declining 1% against the STI’s 1.2% fall.
