Thursday, January 5, 2017

WILL YOU BUY these THREE stocks with >20% POTENTIAL UPSIDE?

I chanced upon an article of Singapore stocks picks by some financial institutions in a local newspapers. No surprise since we are now in a season of “stock picks for Year 2017” which pretty characterizes the beginning of a year. Already, there is a plethora of Singapore stocks recommendations on the internet. But I do believe that retail investors do embrace such stock recommendation reports as they might serve as a guide for them in their investing for the year ahead. The important thing for retail investors is to scrutinize the underlying rationale of the analyst bullish recommendation and see whether investors believe in the business case. I share the six stocks from the article which I read below and their target prices.

1) Ezion has a target price of $0.56 and $0.42 by two financial institutions, which gives it an average target price of $0.49. Based on Ezion’s stock price yesterday of $0.40, this give a target upside potential of 22.5%.

2) Raffles Medical Group has a target price of $1.61 and $1.85 by two financial institutions, which gives it an average target price of $1.73. Based on Raffles Medical Group stock price yesterday of $1.44 , this give a target upside potential of 20.14%.

3) Global Logistics Properties has a target price of $2.47 and $2.37 by two financial institutions, which gives it an average target price of $2.42. Based on Global Logistics Properties’ stock price yesterday of $2.24, this give a target upside potential of 8.04%.

4) ST Engineering has a target price of $3.68 and $3.75 by two financial institutions, which gives it an average target price of $3.72. Based on ST Engineering’s stock price yesterday of $3.30, this give a target upside potential of 12.73%.

5) UOL has a target price of $7.96 and $7.37 by two financial institutions, which gives it an average target price of $7.67. Based on UOL’s stock price yesterday of $6.12, this give a target upside potential of 25.33%.

6) Venture has a target price of $10.90 and $10.94 by two financial institutions, which gives it an average target price of $10.92. Based on Venture’s stock price yesterday of $10.12, this give a target upside potential of 7.91%.

Summarizing, ever since my posts on stocks picks with the highest potential return (see my post here  and here  if you have not read them), based on the article, Ezion, Raffles Medical Group and UOL have the largest potential upside of more than 20% if we were to go by the analyst reports. Ezion price has since rallied since it was recommended by analysts. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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