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
AEM2.5600.050
$ Alliance Mineral0.3050.005
AusGroup0.0510.002
Avi-Tech0.4300.010
Best World2.8800.060
China Sunsine0.785-
CWG Intl0.155-
Cordlife0.980-
Dutech0.4650.010
Food Empire0.7050.010
Geo Energy Res0.2400.010
Golden Energy0.4450.020
$ GSS Energy0.1530.002
Heeton0.470-
Hiap Hoe0.700-
$ ISOTeam0.360-
KSH0.8750.025
Lian Beng0.590-
Nordic0.3750.005
Oxley0.540-
$ Rex Intl0.056-
$ Resources Prima0.027-
Riverstone1.0150.015
Roxy-Pacific0.4600.010
Sunningdale Tech1.8050.015
Serial System0.180-
Sino Grandness0.230-
Straco0.8450.040
Sunpower0.7250.020
Tiong Seng0.260-
$ Trendlines0.1540.002
Uni-Asia1.200-
XMH0.275-
Yamada Green Res0.435-
YZJ Shipbldg SGD1.235-
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