, Singapore
2110 views
/ComfortDelGro website

Why are ThaiBev, ComfortDelGro top stocks? Analyst explains

Both stocks will benefit from economic reopening.

Whilst the general market was weak on the stock market index in September, ThaiBev and ComfortDelGro were considered top picks amidst their benefits during the economic recovery and scrapping of stringent health rules.

Analyst, UOBKayHian, said this in a brokerage report, adding that the stocks also recorded share price weaknesses, which made their “valuation more compelling.”

These two stocks were considered “Alpha picks” by UOBKayHian after the stocks outperformed the Straits Times Index in September 2022 with a 0.4% month-on-month drop on the market cap-weighted basis against the index’s 2.8% MoM decrease.

BRC Asia and Frencken, however, were removed due to labour challenges as well as negative sentiment for tech stocks.

“We cut losses on BRC Asia as temporary stop-work orders caused by its recent workplace incidents are expected to affect its construction activities and delivery volumes, and we also remove Frencken as the rising interest environment has negatively affected sentiment for tech stocks,” said UOBKayHian.

The general market, except for the banking segment, was weak last month, which reported a 2.8% down MoM.

Follow the link s for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Agribusiness
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.