Right Time To Consider Singapore Value Plays-CIMB

Time is right to look at Singapore value plays, says CIMB; names top value picks as Ascott Residence Trust (A68U.SG), Broadway Industrial (B69.SG), DBS (D05.SG), FerroChina (F33.SG), Ho Bee (H13.SG). "As stocks get pummeled, value is starting to emerge," adds, "after focus in the last few weeks on the attractiveness of dividend yielding stocks in the current environment of EPS uncertainty and negative real interest rates, we now divert our attention to another investing style." Broker uses price/book value as bargain hunting strategy; says its top picks cheap relative to their historical price/book values; also have sustainable, lower risk returns on equity.