Image result for buy sell


STRATEGY – SINGAPORE Positioning In A Growth-challenged Year

Corporate earnings could recover in 2017 but growth headwinds and external risks remain. Our end-17 FSSTI target is 3,000 and we would position defensively on elevated volatility and an uncertain macro outlook.


• We highlight key issues and investment themes in our 1H17 Singapore Strategy.


• Another growth-challenged year; modest end-17 FSSTI target of 3,000. 


Read More ...


Overseas acquisition driving growth

■ ComfortDelGro has announced the acquisition of the remaining 49% stake in its Australian bus business, CDC.

■ The acquisition price of A$186m (S$196m), based on 4.6x 2015 EBITDA, is palatable and should not be a stretch to the group’s balance sheet, in our view.

■ We raise our FY17-18F EPS by 3.9-5% to reflect the positive impact on the group’s net profit from the additional stake in CDC.

■ We maintain our Add call on ComfortDelGro, with a slightly higher target price of S$2.91, based on CY17F DCF (WACC: 7.0%).


Read More ...


Singapore Myanmar Investco: Attractively positioned for strong growth

Singapore Myanmar Investco (SMI) offers prime exposure to Myanmar’s fast-growing consumer and tourism sectors, and we believe the group is attractively positioned to ride on the high-growth trends in consumer spending, international tourism, and infrastructure investment in the rapidly emerging economy. Among its portfolio of businesses, SMI’s crown jewel is its dominance in airport duty-free retail at Yangon International Airport’s new terminal where international flights primarily operate. As passenger volume and spending sees secular growth ahead, we believe SMI’s duty-free business, which enjoys significant operating leverage, will gain compelling profit traction. SMI also holds F&B franchise rights in Myanmar for successful brands such as Coffee Bean, Crystal Jade and Ippudo Ramen. The group is led by a strong management team with emerging market experience, including CEO Mark Bedingham who was previously the regional managing director at LVMH for Asia Pacific and had served on the board of the world’s largest travel retailer DFS. We are positive on SMI’s growth prospects from its current low base, particularly given its understandable business models and attractive positioning in a high-growth economy. Initiate coverage with a BUY rating and fair value estimate of S$0.97.


Strategy – Singapore

Look For Quality Amidst Lacklustre Outlook

The outlook for Singapore’s key macro drivers remains lacklustre as a rising interest rate is expected to sap demand, leading to slower GDP growth. A slowdown in exports could also place downside risks on growth. However, our Top Picks should hold up well against a weak macro environment.

Stock selection remains the key. We would recommend that investors stay selective - with consumer, healthcare, REITs, land transport and offshore & marine as our preferred sectors. Below are our Top Picks for: 


Read More ...

LionelLim8.16Check out our compilation of Target Prices

Share Prices

Counter NameLastChange
AEM Holdings6.620-0.400
Alliance Mineral0.370-0.010
Avi-Tech Electronics0.495-0.010
Best World Int.1.700-0.070
China Sunsine1.380-0.070
DISA Limited0.0090.001
Dutech Holdings0.250-0.010
Federal Int. (2000)0.385-
Food Empire0.660-0.015
Geo Energy0.220-0.005
Golden Energy0.375-0.005
GSS Energy0.167-0.004
Heeton Holdings0.565-0.005
KSH Holdings0.670-0.020
Lian Beng Group0.655-0.005
Nordic Group0.560-0.015
Oxley Holdings0.515-0.010
REX International0.049-0.002
Serial System0.172-
Sing Holdings0.425-0.005
Sino Grandness0.198-0.002
Straco Corp.0.765-0.010
Sunningdale Tech1.870-0.060
Sunpower Group0.545-0.035
The Trendlines0.125-0.002
Tiong Seng0.3950.005
Trek 2000 Int.0.245-0.015
Uni-Asia Group1.410-
XMH Holdings0.255-0.005
Yangzijiang Shipbldg1.220-0.050

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1979 guests and one member online

  • josephyeo