Singapore’s UOB Kay Hian has dropped Keppel Corp from its Alpha Picks portfolio and replaced it with China’s Yangzijiang Shipbuilding.
The switch would appear to be a reflection of the changing fortunes of two of the largest public shipbuilding groups on the Singapore Exchange (SGX).
The investment bank’s Alpha Picks are its high conviction calls, usually around 10 companies, selected by its Singapore-based research team.
