terencewong10.14Terence Wong (photo) was head of research at RHB Research when he left and set up Azure Capital in Aug 2016.  At a media event last Friday, he said: "I'm in the process of accumulating 10 stocks and am eyeballing another dozen companies."

He revealed that the largest positions of the Azure All-Star fund ($100 m of assets under management) include large-cap Global Logistic Properties and small-caps Avi-Tech Electronics, Fu Yu Corporation, and KSH Holdings.

(For the latest on KSH, see: 
)


Terence said
while waiting for a potential takeover offer, he is happy to collect dividends from Fu Yu, a plastic injection moulder. The company has paid a total of 0.5 cents as interim dividends and has proposed a 1-c final dividend for FY2016.

Terence thinks the counter has another 15 to 20 per cent to go from current levels. 

Azure’s stock picks

7 April 2017 stock price

Year-to-date gain

Avi-Tech Electronics

44.5 c

59%

Fu Yu Corp

24.5 c

30%

Global Logistics Properties

$2.80

27%

KSH Holdings

73.5 c

36%

Sing Holdings

36 c

16%

Spackman Entertainment

17.7 c

- 8%

Avi-Tech Electronics, a "burn-in" testing services provider, can rally a little bit more than that (15-20%), he said.

For more on the company, which is expected to see steady growth from the increasing use of electronics in cars and the advent of driverless vehicles, see: 

From the beaten-down oil & gas industry, Terence has found a stock to own -- PEC, which provides engineering, construction and maintenance services for oil and gas players. It is run efficiently, and order enquiries have been strong, Mr Wong said.

Notably, it had a large net cash balance of $148 million as at end-Dec 2016, compared to its market cap  of $181 million based on a recent stock price of 71 cents. 

"I would say 60 to 70 per cent of the market is made up of privatisation plays, turnaround plays and ignored, unloved stocks."

-- Terence Wong,
CEO, Azure Capital

From another beleagured industry, there is boutique property developer Sing Holdings which Terence pointed out trades at under 0.6 times book value.

It has proposed a 1-c final dividend and 0.375-c special dividend for FY2016. The stock recently traded at 36 cents.

He also highlighted Spackman Entertainment Group, a loss-making movie production house which he thinks will turn profitable in 1Q17.

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Share Prices

Counter NameLastChange
AEM2.1800.110
$ Alliance Mineral0.3250.005
AusGroup^0.0490.001
Avi-Tech0.440-
Best World1.4400.010
China Sunsine0.7800.010
CWG Intl0.157-
Dutech0.4650.005
Federal Int0.410-
Food Empire0.6650.020
Geo Energy Res0.2550.010
Golden Energy0.400-
$ GSS Energy0.1670.005
Heeton0.465-
$ ISOTeam0.350-
KSH0.9150.015
Lian Beng0.610-
$ Miyoshi0.0660.002
Nordic0.380-
Oxley0.580-
$ Rex Intl0.0460.001
Riverstone1.0100.010
Roxy-Pacific0.540-
Sunningdale Tech1.7800.070
Serial System0.181-
Sino Grandness0.250-
Straco0.860-
Sunpower0.6850.005
Tiong Seng0.280-
$ Trendlines0.148-
Uni-Asia Grp1.430-
XMH0.280-
Yamada Green Res0.470-
YZJ Shipbldg SGD1.2050.010
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