thumbs upCIMB this morning put out its expectations for the upcoming 1Q17 results of companies under its coverage.

Companies that it reckons has the potential to beat its forecast profits are:


Stock

1QFY17F profit

Comments

Best World

S$6.9m

Likely to do well on continued sales momentum in both Taiwan and China.

SIA Engineering*

S$44m

JV could surprise on the upside if strength in 3Q17 continued (+41%qoq, +10%yoy). We remain hopeful on special dividend.

SembCorp Marine

S$24m

Ship repair and margin could surprise on the upside 

S’pore Telecom

S$914m

Driven by higher associate earnings

Valuetronics*

HKD26m

Expectation for seasonally-weaker quarter while sales for new CE product (wireless lighting) could surprise on the upside.

 *4QFY17F; Sources: CIMB, company reports


CIMB also re-cast its alpha picks:

Big-caps: Frasers Centrepoint, ST Engineering, UOL, First Resources and China Aviation Oil (new).
● Small-caps: Best World, Cityneon, CSE Global, Talkmed, Valuetronics, MM2 (new), Boustead Projects (new), HMI (new).

CIMB has removed Venture Corp, UMS, Sunningdale following the stocks' outperformance.

Best World

Share price: 
$2.44

Target: 
$2.97

Interestingly, one stock whose outperformance has outperform all of them -- Best World -- with a scorching 613% run-up in the last 12 months remains firmly on CIMB's alpha list with a target price of $2.97.

For CIMB's full report, click here.


Share Prices

Counter NameLastChange
AEM Holdings6.630-0.100
Alliance Mineral0.3700.005
AusGroup0.0520.003
Avi-Tech Electronics0.475-0.010
Best World Int.1.6000.030
China Sunsine1.460-0.020
DISA Limited0.0110.001
Dutech Holdings0.270-
Federal Int. (2000)0.340-0.015
Food Empire0.660-0.005
Geo Energy0.230-
Golden Energy0.370-
GSS Energy0.156-0.004
Heeton Holdings0.570-
ISOTeam0.3750.010
KSH Holdings0.660-0.005
Lian Beng Group0.615-0.010
Miyoshi0.0720.001
Nordic Group0.555-
Oxley Holdings0.4900.005
REX International0.052-
Riverstone1.0800.010
Roxy-Pacific0.530-0.010
Serial System0.171-0.001
Sing Holdings0.4450.005
Sino Grandness0.1990.001
Straco Corp.0.800-
Sunningdale Tech1.450-0.280
Sunpower Group0.475-0.010
The Trendlines0.122-
Tiong Seng0.3950.005
Trek 2000 Int.0.225-
Uni-Asia Group1.400-
XMH Holdings0.300-
Yangzijiang Shipbldg1.2100.020

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