Singapore Research Team

Strategy - Alpha Picks: Meaningful changes to our portfolio

Our portfolio rose 6.8% mom as June clawed back most of May’s 7.5% mom decline. We have made some meaningful changes to our portfolio by adding CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. We also removed CCT, OCBC and SPH from the portfolio.
CDL Hospitality Trusts

DBS Group Holdings Ltd.

DBS Group Holdings is an investment holding, treasury and funding vehicle for itself and its subsidiaries. Co.'s main subsidiary is DBS Bank Ltd, which is engaged in a range of commercial banking and financial services, principally in Asia. Co.'s various business segments are: Consumer Banking/ Wealth Management, which provides individual customers with a range of banking and related financial services; Institutional Banking, which provides financial services and products to institutional clients; as well as Treasury, which provides treasury services to corporations, institutional and private investors, financial institutions and other market participants.

Fu Yu Corp Ltd

Koufu Group Ltd


Singapore Technologies Engineering Ltd.

Singapore Technologies Engineering is an investment holding company. Co. and its subsidiaries have four business sectors: Aerospace, which provides a range of aircraft maintenance, engineering and training services for both military and commercial aircraft operators; Electronics, which engages in the design, development and integration of electronics and communications systems; Land Systems, which delivers integrated land systems, specialty vehicles and their related through-life support; and Marine, which provides customised shipbuilding, repair and conversion services to both naval and commercial vessels, at Co.'s yards in Singapore and the U.S.

Venture Corp. Ltd.

Venture Corporation is engaged in the provision of technology services, products and solutions. Co.'s primary activities are to provide manufacturing, product design and development, engineering and supply-chain management services. Through its subsidiaries, Co. is engaged in the trading and manufacturing of electronics products; investment holdings; manufacturing, designing, engineering, customisation and logistic services; the manufacture and sale of terminal units; and the development and marketing of color imaging products for label printing, among other activities. Co.'s segments include: Electronics Services Provider; Retail Store Solutions and Industrial; and Component Technology.

Wilmar International Limited

Wilmar International is an investment holding company. Co.'s segments include: merchandising and processing, which include palm and laurics, engaged in merchandising and processing of palm oil and laurics related products and oilseeds and grains, engaged in merchandising and processing of a range of edible oils, oilseeds and grains; consumer products engaged in packaging and sales of consumer pack edible oils, rice, flour and grains; plantation and palm oil mills, engaged in oil palm cultivation and milling; sugar, which includes milling engaged in milling of sugarcane; and others engaged in manufacturing and distribution of fertilizer products and ship-chartering services.


Singapore Research Team

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