TheEdgePanellists at The Edge Singapore's investment forum on July 22 recommended a number of stocks "to buy for the market's next phase".

We produce excerpts from a 2-page report in the July 31-Aug 6 edition of the weekly, which you can buy for $5 from newsstands.
 

21 July

2 Aug

Amara Holdings

51 c

51.5 c

Banyan Tree

57.5 c

55.5 c

Amara Holdings: This is a pick of Azure Capital's CEO, Terence Wong, who said that it trades at a sharp discount to its revalued net asset value of $1.40 a share.

Another hospitality stock he likes is Banyan Tree Holdings, which he says is under-appreciated by investors. He notes that Banyan Tree is turning to an asset-like model and earning management fees in the process. (For more, see: )


Tuan Sing will launch “Kandis Residence” in 3Q 2017. This project, located near Sembawang Park, has 130 one- to three-bed-room units spread over three and seven-storey buildings with full condominium facilities. Photo: Company

21 July

2 Aug

Tuan Sing

33 c

34 c

Tuan Sing Holdings: This is a pick of Havard Chi, director and head of research at Quarz Capital Asia.

Tuan Sing, which counts billionaire Koh Wee Meng of Fragrance Group among its biggest shareholders, currently trades at a rock-bottom price-to-book ratio of 0.4 times, Chi notes.

To be completed soon

"We think the catalyst is that its projects will soon be completed and go into the market at a time when supply is coming down. We think commitments will come in very quickly."

-- Havard Chi

Tuan Sing has an enviable portfolio of 999-year and freehold properties -- a rarity among local developers. And the completion of Robinson Tower in 2Η2018 should prονide a boost to Tսan Sing's rental income.

Havard Chi estimates the соmрlеtіоn of Robinson Tower will bring in $17 million in recurring еvеry year, which should ргоvidе room for Tuan Sing to pay increased dividends.

Moreover, he adds, Tuan Sing's management is open to the idea of divesting its assets into a REIT. He estimates that between $500 million and $1 billion of capital could be released through such a deal.

The capital released could be used to pay a special dividend and to further grow Tuan Sing's real estate portfolio. "We see potential upside of 40% by 2019. We are long term investors; we think things take time to work out."



21 July

2 Aug

Avi-Tech

46.5 c

49 c

Avi-Tech Electronics: "It hasn't run up as strongly as the likes of UMS Holdings, AEM Holdings and Jadason. Avi-Tech's share price movement is a lot tamer.

"But it's something to look at. It's promising because it is a burn-in solutions provider that serves the fast-growing automotive sector," says Azure's Terence Wong.

"Because a lot of the machines have been fully depreciated, every item they churn out is like churning out cash."

(For more, see:

 


Share Prices

Counter NameLastChange
AEM3.0400.020
$ Alliance Mineral0.380-
AusGroup^0.0290.001
Avi-Tech0.5050.005
Best World1.4000.010
China Sunsine0.9300.020
CWG Intl0.157-
Dutech0.375-
Federal Int0.430-
Food Empire0.645-
Geo Energy Res0.2850.005
Golden Energy0.4450.005
$ GSS Energy0.1590.005
Heeton0.520-
$ ISOTeam0.345-
KSH0.8100.030
Lian Beng0.705-
$ Miyoshi0.072-
Nordic0.550-
Oxley0.6900.030
$ Rex Intl0.0520.001
Riverstone1.0750.010
Roxy-Pacific0.560-
Sunningdale Tech2.1100.020
Serial System0.170-
SingHoldings0.4750.005
Sino Grandness0.205-
Straco0.850-
Sunpower0.620-
Tiong Seng0.375-
$ Trendlines0.152-
Trek 2000 Intl0.260-
Uni-Asia Grp1.410-
XMH0.290-
YZJ Shipbldg SGD1.525-
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