SINGAPORE (Aug 18): CIMB Research foresees stronger 2H16 results for most of the small-cap stocks under its coverage, even if the research house deems their overall earnings performance in 2Q as “lukewarm”.

In a Thursday report, lead analyst William Tng shares his top three growth picks for small cap plays based on their recent 2Q results:

Cityneon: Thanks to its Victory Hill Exhibition (VHE), Cityneon’s 1H core net profit outperformed CIMB’s expectations. The research house now forecasts core EPS growth of 109% and 28% for FY17 and FY18 respectively. Winning a third set of licensing rights would warrant a re-rating for the events and exhibitions group, says Tng.

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