Six stocks in UOB Kay Hian’s alpha picks recorded positive absolute returns of more than 5%. These are Genting Singapore (+11.8% m-o-m), Frencken (+9.9% m-o-m), Venture Corp (+5.7% m-o-m), DBS (+6% m-o-m) and Keppel Corp (+6% m-o-m).
UOB Kay Hian has added Sembcorp Industries and BRC Asia to its alpha picks portfolio for the month of August.
The team’s portfolio outperformed the Straits Times Index (STI) in July, increasing by 5.4% on a market cap weighted basis versus the market’s 3.5% increase.
