We have examined how these stocks performed from the date of our investing idea story to the end of the year (see table), and compared the performances to a relevant index. For instance, DPDHL was compared to the Deutsche Boerse Index, and Spindex Industries was compared to the Straits Times Index.
SINGAPORE (Jan 17): Throughout 2019, we wrote about many investing ideas. We had six conviction picks based mainly on valuation and business outlook, and a seventh, Great Eastern Holdings. The stocks were picked from screenings through various sectors so it was more of a top-down approach. The screenings involved various valuation metrics. There was no specific theme, but some ideas were based on balance sheet strength, and others on business outlook. The common theme was that the stocks were undervalued relative to their share price at the time.
The convictions picks were Deutsche Post DHL (DPDHL), Hainan Meilan International Airport, Shangri-La Asia, Spindex Industries, Playtech and XLMedia.
