Excerpts from latest analyst reports....

DBS Vickers highlights its top picks of small and mid cap stocks

dbs_picks_7.9.12
Source: DBS Vickers

We believe there are opportunities within cheaper and higher growth SMCs to outperform this market.

We continue to favour stocks with tangible earnings growth. Go for stocks that better the 12% FY13F growth expected of SMCs.

Our picks are Bumitama, Tiger Airways and Hi-P.

Next, go for SMCs that have discounted the negatives, currently trades at depressed valuation but with visible catalysts.

Our picks are Midas, Wing Tai and Pan United.

Finally, go for stocks within the O&M industry because the sector enjoys strong order books and earnings visibility.

Recent interest for the large cap O&M plays could also filter down into the SMC space.

Our picks are Nam Cheong, Kreuz and ASL Marine.

We also take this opportunity to spotlight a new name Ausgroup. The company should enjoy a rising order book while margin improvement keeps profit growing.

We project a FY13F earnings growth of 28%. Ausgroup is amongst the lowest valuation O&G plays at 5x FY13F PE.

We see a potential target of 50cts based on 8x forward earnings that is 20% discount to sector average.

Recent stories:

AUSGROUP: FY2012 net profit up 88%; pays special dividend


Oil & Gas Buzz for ASL MARINE, KEPCORP, TECHNICS, MTQ, MENCAST, CH Offshore




DMG & Partners says "Hi-P’s a sure bet...."

Analysts: Edison Chen & Terence Wong, CFA

hi_p_10.9.12_montage
Hi P has outperformed the STI in this trailing 90-day chart. Right: Yao Hsiao Tung, executive chairman of Hi-P. 

The month of September promises to be a very exciting one for consumers. With major OEMs like Apple, Motorola, Amazon, Nokia launching a new generation of signature products, the new battle for mobile device market share has begun.

Out of the three OEMs that have unveiled new products, the market has voted with two winners and one loser emerging.

The two winners, Motorola and Amazon, are believed to be amongst Hi-P’s top three customers, along with Apple.

Together with Apple’s highly anticipated unveiling of iPhone5, Hi-P is in a favourable position like no other.

And let us not write off Hi-P’s former largest customer just yet.

Research In Motion (RIM) could still rebound from the launch of BlackBerry (BB) 10 in the first quarter of next year. As such, we believe that Hi-P is poised for phenomenal growth starting from 2H2012 onwards.

dmg_hi-p_10.9.12
Source: DMG. Figures in S$'m


Recent story: HI-P INTERNATIONAL confident of higher revenue, profit in FY12


Share Prices

Counter NameLastChange
AEM Holdings3.5500.030
Avarga0.2500.005
Avi-Tech Electronics0.4250.005
Best World Int.1.360-
CEI0.930-0.040
China Sunsine0.495-0.010
CNMC GoldMine0.275-
CSE Global0.465-
Food Empire0.600-
Golden Energy0.1650.005
GSS Energy0.0610.005
ISDN Holdings0.410-
ISOTeam0.136-0.011
IX Biopharma0.240-0.005
JB Foods0.555-0.005
KSH Holdings0.3400.005
Medtecs Intl0.925-0.020
Moya Asia0.070-
Nordic Group0.245-0.010
Oxley Holdings0.215-0.005
Procurri0.295-0.005
REX International0.1540.009
Riverstone1.200-0.040
Roxy-Pacific0.350-
SingMedical0.2550.005
Sri Trang Agro1.130-0.010
Straco Corp.0.585-
Sunningdale Tech1.5300.020
Sunpower Group0.7450.010
The Trendlines0.091-0.004
UG Healthcare0.645-0.010
Uni-Asia Group0.6400.020
Yangzijiang Shipbldg0.910-

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