Seeking cash-rich small and mid caps

SINGAPORE (Oct 11): DBS Group Research is sticking to its investment strategy of seeking safe havens away from the risks arising from the US elections and Brexit.

As such, the brokerage has reiterated its stock picks in the small and mid-cap space including China Aviation Oil, Cityneon, Katrina Group and Singapore O&G, despite a slight underperformance from Cityneon as investors took profit during the month although this was offset by the 5.2% share price improvement at Singapore O&G.

On top of that, DBS added Ezion Holdings to its portfolio, as the oil and gas companies serves as a proxy to the improving oil sentiments after OPEC announced a move to cut production.

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