Amid a lacklustre market, four of our seven alpha picks outperformed the market in Jul 17 (FBMKLCI: -0.2%) and the portfolio delivered a respectable simple average return of 1.0%. We expect a better betting average in 2H17. For our August BUY picks, Bumi Armada, Ekovest, Globetronics and VS Industry remain our conviction BUYs, while RHB Bank remains a conviction SELL. We drop Kerjaya Prospek (significant share price rally) and YTL Power (likely dividend cut) from our BUY list.

Source: UOB Kay Hian Research - 7 Aug 2017