Image result for buy sell hold

RHB

UOB KAYHIAN 

IREIT Global (IREIT SP)

Proactive Lease Management; Keep BUY

 

 Keep BUY and SGD0.83 TP, 22% upside with c.8% yield. IREIT Global’s 1Q operational updates indicate no major disruptions to its portfolio despite <2% of tenants requesting rent assistance. A minimal 3% of leases expiring over the next two years provide income stability. Valuations are relatively attractive at 0.8x P/BV.

 

Read More ...

 

 

 

BRC Asia (BRC SP)

2QFY20: Gradual Return To Work

 

BRC’s 2QFY20 core profit of S$10m is in line with expectations, although the group expects an dverse impact from the circuit breaker period with a stop in construction activities. Recovery would likely be gradual given the elevated numbers of foreign workers infected with COVID-19, as well as the safety measures in place for work to resume. However, the large proportion of public infrastructure projects is a good safety net. Maintain BUY with a lower PE-based target price of S$1.52.

 

Read More ...

CGS CIMB

 

Riverstone Holdings

When the stars align

 

■ We reiterate our positive view on RSTON, as its Malaysian peers reported strong Jan-Mar quarter and guided for more ASP hikes in CY20F.

■ Stars are aligned for RSTON in FY20F, with 1) stronger sales volume, 2) higher ASPs, and 3) higher margins (due to lower raw material prices).

■ We raise our FY20-22F EPS forecasts by 10.6-26.2%; our TP is lifted to S$2.50 (22.7x CY21 P/E).

 

Read More ...

 

 

 


LionelLim8.16Check out our compilation of Target Prices




NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1651 guests and no members online