Mini Chart, March 3
Excerpt from Mini Chart report.
Report Summary
- Hong Leong Asia (HLA): Actionable BUY call maintained with an unchanged target price of SGD3.90. HLA has passed on rising fuel costs effectively and increased reliance on alternative fuels is seen as a competitive advantage.
- Singapore Equity Picks: Reduced exposure to STI ETF by 3,300 shares at SGD4.90, now holding 5,500 shares at an average price of SGD4.54. Thai Beverage removed from portfolio at SGD0.435 due to lackluster performance, exited at a 5% loss.
- Sector Focus: Commodity-related stocks (SCI, Wilmar, First Resources, Bumitama Agri) are highlighted as near-term focus. SGX and IFAST are noted as potential beneficiaries of increased market volatility.
- Regional Airlines: Singapore Airlines and Cathay Pacific are positioned to benefit from higher long-haul yields, while Chinese airlines face weaker demand and limited pricing power.
above is an excerpt from a report by Mini Chart. Clients of Mini Chart can be the first to access the full report from the Mini Chart website : [email protected]
