I have been reading too many analysts’ stocks picks for Year 2017 and sharing with all of you readers. This time round, it is an analyst report from UOB Kay Hian (you can read the report from this link) and I would like to share with you some insights after reading the report.
Based on today’s stock prices and the recommended target prices of the stocks in the above link, the greatest upside potential will be Capitaland Limited stock with 31.07% upside. Personally, I quite like this stock as it is a brand old blue-chip name which is currently undervalued. Next with a potential upside of 21.45% is Singtel stock and this is again another blue-chip telecom stock which with its diversified geographic business model should be able to fend off the competition from TPG telecom.
The next stocks with upside potential of 16% to 17% are Ascenda Reits, Capitaland Commercial Trust, Frasers Logistics and Industrial Trust and Raffles Medical Group. Beside the latter stock, the other stocks in this group are REITs which will be trading in a stocks markets of an increasing interest rate by the Federal Reserves. Another stocks with a double digit potential upside is OCBC (+13.83%) and Venture Corp (+10.33%) which many analysts said will benefit from the strengthening of the US dollar. Sembcorp Industries and ST Engineering round off the analysts’ recommendation with a potential upside of 7.02% and 4.27%.
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