Secrets behind unloved stocks and sexy returns

[cyclone]

Secrets behind unloved stocks and sexy returns

by Marissa Lee
PUBLISHEDAPR 8, 2017, 5:00 AM SGT

Many small- and mid-cap stocks here are trading "way below their potential", and investors can get sexy returns by uncovering them, said Mr Terence Wong, chief executive of Azure Capital.

Mr Wong, a steadfast champion of Singapore-listed companies, told a gathering yesterday: "I would say 60 to 70 per cent of the market is made up of privatisation plays, turnaround plays and ignored, unloved stocks."

Azure's All-Star Fund looks at the Asean market but focuses on Singapore, where valuations are "very sweet".

Since its inception six months ago, the fund has hit its target of $100 million assets under management and deployed half that in the Singapore market, generating 11 per cent absolute returns.

Seventeen of Mr Wong's 18 portfolio stocks are in the black, and his largest positions are in Global Logistic Properties, Fu Yu Corp, Avi-Tech Electronics, and KSH Holdings.

More details in http://www.straitstimes.com/business/sec...xy-returns

[Bluechipfan]

Noted the top performer being a s-chip! Way to go Mr Terrence, when everyone is a s chip nayer. Noted also Fu Yu in the list, a good Singapore company. Hope to see more funds invest in SGX stocks and enhance the pe of worthy companies. Only funds have the muscle to do this job so good job Mr Terrence.

[Rr_1]

It's interesting how far Mr. Terence Wong has come. I still recall how many of my investments parallel his on many occasions back in 2012-2014 when his research and model portfolio was published on other sites. I'm actually pretty impressed how he has managed to gather 100mil from investors!