UOB Kay Hian (UOBKH) has released its latest regional investment strategies for June 2025, focusing on Greater China, Indonesia, Malaysia, and Singapore. The report highlights manageable pressure in China’s property market and improved tourism and retail sales momentum in Hong Kong. In Indonesia, UOBKH’s Alpha Picks showed strong performances in May, except for GOTO and BUKA. Meanwhile, Malaysia’s CIMB Group reported first-quarter earnings in line with expectations, supported by lower provisions, whilst Mah Sing Group’s results were within expectations despite slower progress in its data centre ventures. In Singapore, UOBKH’s Alpha Picks outperformed the Straits Times Index (STI) by 5.4 percentage points in May.
In Greater China, UOBKH notes that the property market remains under manageable pressure, with Hong Kong experiencing a boost in tourism and retail sales. This positive momentum is expected to continue, providing a favourable environment for investors.
Indonesia’s Alpha Picks portfolio performed well in May, with most stocks showing positive results. However, GOTO and BUKA were exceptions, underperforming during the period. The report suggests that investors should remain cautious but optimistic about the region’s potential.
In Malaysia, CIMB Group’s first-quarter earnings met expectations, driven by reduced provisions. The bank maintains a “Hold” rating due to regional headwinds, with a target price of $1.63 (RM7.70). Mah Sing Group’s property segment is expected to remain resilient, despite slower-than-anticipated progress in its data centre ventures.
Singapore’s Alpha Picks portfolio outperformed the STI, with a notable 5.4 percentage point lead. UOBKH recommends adding stocks such as CD, CSSC, FRKN, FEH, and IFAST, whilst removing SCI, MPM, OTEK, and SIE from the portfolio.
Overall, UOBKH’s strategies reflect a cautious yet optimistic outlook across the regions, with specific stock recommendations aimed at capitalising on market trends and opportunities.
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