Image result for buy sell hold

UOB KAYHIAN

OCBC 

Sembcorp Industries (SCI SP)

The Curious Case Of India’s High Spot Prices

 

Spot electricity prices continue to climb on undersupply of thermal coal for power generation. CIL is raising production but current efforts appear to be hindered by weather. Current dynamics may see high spot prices persist longer than expected. Even assuming coal supply reverts to normal (and spot prices fall), India remains on track to break even or return a profit for 2018. No change to earnings forecasts for now. Maintain BUY with an unchanged target price of S$3.41.

 

Read More ...

 

 

Mapletree Logistics Trust:

Consolidating its stronghold in Singapore

 

Mapletree Logistics Trust (MLT) recently completed the acquisition of a portfolio of five modern ramp-up logistics properties in Singapore from CWT Pte Ltd. The total acquisition cost was ~S$804.2m, which was partially funded by a private placement exercise. The acquisition of this portfolio is expected to contribute an initial NPI yield of 6.2%. CWT will become MLT’s top tenant, providing ~9.5% of its gross revenue. To address concerns of potential concentration risk, we note that ~30% of CWT’s gross revenue to MLT will be contributed by third party end-users under sub-leases. Meanwhile, MLT’s sponsor, Mapletree Investments, has been active in expanding its global logistics footprint. While this provides MLT with a potential acquisition pipeline, we believe its focus over the near-term will remain on the APAC region. Thereafter, management would likely be open to exploring opportunities in new markets, in our view. Factoring the recent acquisition in our model, we raise our fair value estimate from S$1.34 to S$1.37. Maintain BUY.

 

 


LionelLim8.16Check out our compilation of Target Prices




Add comment


Share Prices

Counter NameLastChange
AEM Holdings0.840-0.005
Alliance Mineral0.2700.005
Anchor Resources0.023-
AusGroup0.033-
Avi-Tech Electronics0.3000.015
Best World Int.2.3800.010
China Sunsine1.400-
DISA Limited0.004-
Federal Int. (2000)0.240-0.030
Food Empire0.530-
Geo Energy0.169-
Golden Energy0.230-0.005
GSS Energy0.097-
ISDN Holdings0.195-0.005
ISOTeam0.205-
KSH Holdings0.520-
Lian Beng Group0.475-
Miyoshi0.042-
Nordic Group0.3900.005
Oxley Holdings0.280-0.005
REX International0.060-
Riverstone1.130-0.040
Roxy-Pacific0.400-
Sing Holdings0.385-0.005
Sino Grandness0.126-
Straco Corp.0.710-0.005
Sunningdale Tech1.480-0.020
Sunpower Group0.3100.010
The Trendlines0.096-0.005
Tiong Seng0.280-
Uni-Asia Group1.200-
XMH Holdings0.180-
Yangzijiang Shipbldg1.2200.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1640 guests and one member online

  • josephyeo