Using the TipRanks Expert Center, we have identified the top three analysts on Singapore stocks. These analysts have success rates of greater than 80% on their stocks and could be good source of investment ideas for investors.
TipRanks rates analysts and other experts based on its expert ranking system, which helps investors choose the right stocks. The ranking system combines the success rate and returns of each expert and derives a rank for them.
Let’s have a look at these analysts and their recommended stocks.
Kenneth Tan is a research associate at CGS-CIMB and covers the engineering and material sector stocks in Singapore. He has a success rate of 83% and is ranked #4,728 out of 8,348 among the analysts on TipRanks.
Last month, Tan reiterated his Buy rating on Pan-United Corporation Limited (SG:P52), a building materials company. His target price of S$0.53 on the stock implies an upside of almost 30%. TAN has an “overweight” rating on the overall building material sector in Singapore.
His most profitable rating has been SIA Engineering Co. (SG:S59). He has generated a return of 18.2% from November 2022 to the current date.
Andrea Choong is an equity analyst at CGS-CIMB and rates banking and financial institutions in Singapore. In January 2023, Choong reiterated her Buy rating on United Overseas Bank Limited (UOB) (SG:U11) and Oversea-Chinese Banking Corporation Ltd. (SG:O39).
Choong is bullish on the Singapore banks and believes UOB is her top pick during this earning season. UOB is also her most successful rating so far, having made a return of 20% from October 2022 to the present date.
Choong has a success rate of 83% and an average return of 8.7% on TipRanks. She is ranked #4,162 out of 8,343 analysts on the site.
Jarick Seet is a senior analyst and VP in the investment banking group at Maybank. He covers small and mid-cap companies as well as the technology sector in Singapore.
He has a success rate of 80% and is ranked #3,564 out of 8,343 analysts in the TipRanks database. Recently, he reiterated his Buy rating on Food Empire Holdings Limited (SG:F03). His target price of S$1.20 suggests an upside of more than 50%.
Food Empire is also his most profitable rating so far. He made a profit of 44% on this stock from August 2022 until today.