, Singapore

Frencken, Lendlease top UOB Kay Hian’s stock picks

The firms outperformed the stock market by 0.8 percentage points in May 2022.

UOB Kay Hian dubbed the machine industry, Frencken Group, and real estate firm, Lendlease Reit, as “alpha picks” after both firms outperformed the Straits Times Index by 0.8 percentage points in May 2022.

It said the Frencken Group is “attractive” due to its diverse stream of revenue sources, which would make the company stand out in the wake of a volatile macro environment. 

As for Lendlease, UOB Kay Hian said it added the firm due to its organic growth following the acquisition of a new asset, Jem.

“Jem attracts shopper traffic of 22 million per year due to an attractive mix of anchor tenants, such as IKEA, FairPrice Xtra, Don Don Donki, H&M, and UNIQLO,” the analyst said.

UOB Kay Hian, however, said it took out telecommunications firm, Singtel, and postal services firm, Singpost.

“We have taken profit on Singtel as it has done well for us, up 5% since inception into our portfolio. Whilst we remain bullish on Singpost in the medium term, we have removed it as air freight rates have not shown signs of dropping and appear to remain elevated instead in the near term,” it explained.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization
The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance net-zero ambitions in the Lion City’s maritime sector.


Where to invest your millions in real estate
Amongst locations, realtors suggest the Core Central Region.   Individuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.   George Tan, managing director of Savills Digital Residential Marketing, said one of these factors is location.    Tan said buyers should consider areas which are highly demanded and well located—easy access to prestigious or international schools, MRT, malls and food and beverage (F&B) establishments. All these will contribute to good rental demand.   PropNex realtor, Andy Lim, echoed this, adding that buyers should particularly invest in properties within one kilometre of the prestigious schools.