Indonesia
1) GUDANG GARAM
2) UNITED TRACTORS
3) Bank Rakyat
Thailand
4) CP Foods
5) Bangkok Bank
Philippines
6) Universal Robina
7) ICTSI
Singapore
8) Genting Singapore
9) UOB
Malaysia
10) Public Bank
11) Genting Bhd
12) Air Asia
More:
That includes companies such as Indonesian clove cigarette maker Gudang Garam, which has an ROE of nearly 30%. Another company in Indonesia he likes is United Tractors, which has an ROE of 25%. In Thailand, CLSA likes CP Foods, which has an ROE of 28%. “In the Philippines, we like Universal Robina, which produces snacks and soft drinks,” says Gill. “It’s almost like Fraser and Neave in Singapore” — another one of his 13 great stocks for 2015 that have 70% or higher upside.
While some of the stocks he favours might seem to indicate that he is betting mainly on mass-market consumption, Gill also likes Genting Singapore, the integrated resort operator in Sentosa that is a play on the growing wealth in the region. Among the three banks in his “must-have” portfolio of Asean stocks for the next three to five years is Malaysia’s Public Bank. “It is growing its asset management arm and its bancassurance business, both of which give it higher fee income,” notes Gill. In Malaysia, he also likes Genting Bhd, the holding company that controls all the group’s gaming interests, as well as AirAsia, the lowcost carrier that has emerged as the dominant regional player in its segment.
In addition, Gill likes Philippine ports operator ICTSI, a play on the growth in trade in the region. Lastly, he is betting on three Asean banks — United Overseas Bank in Singa pore, Bank Rakyat in Indonesia and Thailand’s largest lender Bangkok Bank, which he says are all a proxy for continued growth in the region.
Subscribe to:
Post Comments (Atom)