These are the ten stocks recommended by UOB in a report dated 17 Apr 2017 and the drivers behind the recommendations.
1) OCBC: target price $11.70 - improvement in non-performing loan and growth in fee income
2) Capitaland: target price $4.30 –exceed estimates due to recognition of gains from the sale of forty-five Nassim units
3) Frasers Logistics & Industrial Trust: target price $1.11-increase in distributable income
4) CapitaLand Commercial Trust: target price $1.7- increase in distributable income
5) Ascendas REIT. target price:$2.75- growth in DPU by 13% supported by higher net property income from new acquisitions and active cost management
6) Sembcorp Industries: target price $3.66- strategic review a prelude to potential M&A or restructuring
7) Venture Corp: target price $13.60- strong set of results
8) China Aviation Oil: target price $2.26- improvement in Q1 results
9) Keppel Telecommunications & Transportation: ......
