Image result for buy sell hold


Oversea-Chinese Banking Corporation (OCBC SP)

3Q17 Results Preview: Steady And Steadfast


We foresee healthy loan growth in 3Q17 driven by trade finance, residential mortgages and investment loans for overseas expansion. We expect NIM to have edged higher gradually but growth in fee income to have moderated to 12% yoy. We expect asset quality to stay resilient but provisions to have increased 6% qoq due to deterioration in valuations of collaterals. We forecast net profit at S$958m for 3Q17, up 1.6% yoy. Maintain BUY. Our target price for OCBC is S$13.38, based on 2018F P/B of 1.39x.


Read More 

Singapore Economics

MAS Preview: Strong 3Q GDP May Prompt Policy Shift

Flash 3Q GDP Growth Near 4%


MAS will release its biannual monetary policy decision in mid-October, on the same day as the release of the 3Q GDP flash estimate. Third quarter GDP growth likely came in close to +4% on a year-on-year basis, as manufacturing accelerated to +20% for the July – August period. Services growth likely picked-up further with the recovery broadening, particularly to financial, business and wholesale & retail trade.


Read More ...


Keppel Corporation: Secures FPSO conversion work


Keppel Corporation yesterday announced that Keppel Shipyard has secured an FPSO conversion contract from long-standing customer, SBM Offshore. The Tina VLCC will be converted to an FPSO which will be deployed to the Liza field (offshore Guyana) developed by ExxonMobil. The converted FPSO will have a storage capacity of 1.6m bbl of crude oil and is able to produce up to 120k bbl of oil per day. Keppel’s work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules, and we estimate a contract value of more than S$100m for Keppel. Maintain BUY with S$7.36 fair value estimate on KEP.



Singapore O&G Ltd.

Completing the life cycle

What is the news? Service agreement with KL Fertility & Gynaecology Centre Sdn. Bhd. (“KL Fertility Centre”) on 3 Oct-17


 The Group has entered into a commercial collaboration with KL Fertility Centre, a wholly owned subsidiary of Monash IVF Group Ltd based in Australia.

 This collaboration will enable SOG to offer new and existing patients with Assisted Reproductive Technology (“ART”) services such as In-Vitro Fertilisation (“IVF”) and Intracytoplasmic Sperm Injection (“ICSI”) Procedures.

 The collaboration is for an initial term of 36 months and is limited to the Singapore market only.


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 1012 guests and no members online