Our retail research team has created 3 stock lists, namely Growth, Value and Yield.
|The Growth List comprises of small-mid capitalisation companies with business catalysts which will potentially grow their earnings in the near future. The Growth portfolio would be suitable for investors looking for higher returns and are willing to tolerate the risk of higher short-term volatility of stock prices.|
|The Value List focuses on companies which are undervalued based on their share prices as compared to the company fundamentals. It would be suitable for conservative investors who prefer price stability and have a longer investment horizon.|
|The Yield List comprises of stocks that provide consistent dividend pay-out. It would be suitable for investors whose primary focus is to gain regular dividend income from their investments.|
November Market Overview
The STI continued its upward trend in Nov and ended the month with a 3.5% rise, driven by solid gains from the three banks, as well as casino play Genting Singapore.
This lifted return on the benchmark index to 19.2% over the 11-month period, underpinned by a rally in banks and property counters, as well as tech manufacturers.
Against this backdrop, our Growth, Value, Yield (GVY) basket of stocks achieved an average year-to-date return of 36.3%.
Growth List +37.9% YTD
During the month, we switched Venture from the yield to growth basket and was the key performer after it posted stellar 3Q17 results that blew past street estimates.
Separately, HMI recorded a 5.6% jump for the month after Temasek-linked fund Heliconia took up a 2% stake in the healthcare provider via a private placement at $0.65/share.
China Aviation Oil was exited at $1.695, notching a total return of 13.7%, as its trading business could take a turn for the worse in the short term due to backwardation in oil markets
Value List +7.2% YTD
There were no new addition or exit in the portfolio during the month.
In Nov, share price of GuocoLand tumbled 13%, alongside large-cap property developers, on profit-taking activity following the year-to-date rally.
The value basket was also dragged by underperformance of SIIC Environment, which lost 7.5% in the month after a muted set of 3Q17 results.
Yield List +61.8% YTD
Venture was shifted out of the yield basket to growth.
The yield basket saw slight profit-taking activity last month mainly in Viva Industrial Trust (-4.6%) and UMS (-4.3%) after both notched solid gains year-to-date. Meanwhile, Asian Pay TV remained steady, locking in 2.6% in Nov.
Note: *Including dividends
** Index return (based on entry date)
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