Image result for buy sell hold

UOB KAYHIAN

CGS CIMB

Telecommunications – Singapore

 

Delay Brings Reprieve

We expect TPG to launch the trial for its 4G mobile network by 4Q18 and mobile services on a commercial basis are to commence in 2Q19. This represents a delay of 4-6 months compared to our original expectations. The delay was caused by: a) delays in gaining access to CAS at commercial buildings and MRT stations, and b) the time-consuming process to integrate and test its network without engaging contractors. Incumbent telcos will have more time to further saturate the market. BUY Singtel and StarHub. Upgrade to OVERWEIGHT.

 

Read More ...

 

 

Ban Leong Technologies Ltd

25-year track record in IT product distribution

 

■ Ban Leong has more than 25 years of experience as an IT products distributor, focusing on the Southeast Asian market.

■ The company has been listed on the Main Board of the Singapore Stock Exchange (SGX) since Jun 2005.

■ Ban Leong achieved record-high pretax profit in FY3/18 due to its focus on its core Southeast Asian market and disposal of its Australian operations.

■ Ban Leong is keen to increase its exposure to the China/Hong Kong market in a prudent manner.

■ The stock trades at a historical FY18 P/E of 5.2x, with dividend yield of 7.1%.

 

Read More ...

OCBC RHB

Frasers Logistics & Industrial Trust: A portfolio refresh from capital recycling

 

We see positives from Frasers Logistics & Industrial Trust’s (FLT) recent capital recycling initiatives with the completion of two divestments and two acquisitions in Australia. The newly acquired properties have an average age of one year and are 100% occupied. Australia also recorded robust GDP growth of 0.9% QoQ and 3.4% YoY in 2Q18, beating the street’s expectations. Meanwhile, household consumption was also firm, rising 0.7% QoQ as the household savings ratio fell to 1%, the lowest level since Dec 2007. We believe these are healthy indicators for the logistics sector. As the Reserve Bank of Australia also recently kept its cash rate unchanged at 1.5%, we believe this would also provide a favourable funding environment in the near-term for FLT to pursue more acquisitions. After incorporating the aforementioned transactions in our model, our fair value estimate inches up from S$1.18 to S$1.19. Maintain BUY.

 

 

 

Silverlake Axis

Key Takeaways From KL NDR

 

Maintain BUY and SGD0.57 TP, with 27% upside. We brought Silverlake on a full-day NDR with institutional investors in KL. Key takeaways are management remaining bullish, as it believes this is the start of banks’ capex spending cycle. It would also be backed by strong MYR350m orderbook – of which MR200m should be realised in FY19F compared to MYR80m in FY18 under the licensing and project services revenue streams with average gross margins of about 60%. We expect revenue from both streams to surge YoY, and 63.6% PATMI for FY19.

 

Read More ...

Phillip Securities

DBS VICKERS

Singapore Coal Monthly

Surge in imported coal by China

 

SINGAPORE | MINING | SECTOR UPDATE

China Three-year plan for cleaner air released: In Jul-18, the State Council rolled out the action plan to, namely “Battle for A Blue Sky”, to control air pollution. It aims to reduce the emission of major air pollutants and greenhouse gas. According to the plan, emissions of sulphur dioxide and nitrogen oxides are expected to decrease by 15% from 2015 level. Meanwhile, PM 2.5 density will drop by at least 18%. Percentage of days with good air quality at least reaches 80% annually, and that of heavily polluted days at least decreases by 25% from 2015 level. Three regions including Beijing-Tianjin-Hebei and surrounding areas, the Yangtze River Delta, and the Fenhe and Weihe river plains will be paid closed attention during execution of the plan. The plan also reiterates that natural gas is expected to account for 10% of total energy consumption, out of which coal will drop to 58% by 2020.

 

Read More ...

APAC Realty (APAC SP) : HOLD

 

NDR Takeaways: Volatile Singapore market; increasing overseas exposure

• Slowdown in activities in the Singapore private residential market but prices are still relatively stable

• Casting its net wider overseas; penetrating China market with JV in Hainan

• No change in forecasts; maintain HOLD, TP: S$0.62

 

Read More ...


LionelLim8.16Check out our compilation of Target Prices




Share Prices

Counter NameLastChange
AEM Holdings0.715-
Alliance Mineral0.265-0.005
AusGroup0.0410.001
Avi-Tech Electronics0.335-
Best World Int.1.4500.050
China Sunsine1.0600.010
DISA Limited0.007-
Dutech Holdings0.240-
Federal Int. (2000)0.270-
Food Empire0.565-0.005
Geo Energy0.230-0.005
Golden Energy0.2550.005
GSS Energy0.1230.002
Heeton Holdings0.5100.005
ISOTeam0.2850.030
KSH Holdings0.550-0.005
Lian Beng Group0.510-0.005
Miyoshi0.054-
Nordic Group0.4600.005
Oxley Holdings0.330-
REX International0.1120.001
Riverstone1.160-
Roxy-Pacific0.400-
Serial System0.1500.001
Sing Holdings0.395-
Sino Grandness0.200-0.005
Straco Corp.0.735-
Sunningdale Tech1.4400.050
Sunpower Group0.550-0.005
The Trendlines0.109-0.001
Tiong Seng0.300-
Trek 2000 Int.0.095-
Uni-Asia Group1.310-
XMH Holdings0.205-0.015
Yangzijiang Shipbldg1.1900.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 2531 guests and no members online