buy sell hold  


ComfortDelGro Corporation (CD SP)


2020: In Line; Taxis Turn The Corner

CD reported a net profit of S$46m in 4Q20 (+18% qoq). Full-year adjusted earnings of S$110m makes up 97% of our estimates, in line with expectations. Public transport services continued its recovery with slightly better ridership in 4Q20. A positive was the return to operating profitability for the taxi segment, though a small amount of rental waivers remains in place. CD trades at -1SD to its mean PE and -2SD to its mean P/B. Maintain BUY with an unchanged target price of S$1.78.


Read More ...




Far East Hospitality Trust (FEHT SP)

2H20: The Best Offence Is A Great Defence


Occupancies for hotels and SRs dipped by 9.9ppt and 4.4ppt qoq respectively in 4Q20 due to lower demand for accommodation for Malaysian workers displaced by the MCO. However, FEHT’s distributable income is more stable due to its master leases with sponsor FEO, which run till 2032. Fixed rents accounted for 72% of rental income from its hotels and SRs pre-COVID-19. FEHT trades at P/NAV of 0.74x. Distribution yield is set to improve to 6.4% in 2022. Maintain BUY. Target price: S$0.72.


Read More ...


Penguin Int'l Ltd

All eyes on potential privatisation


■ PBS’s FY20 core net profit of S$9.7m (-47.2% yoy) was below at 93%/94% of our/consensus FY20F (S$10.4m/S$10.3m) on lower net margins.

■ The yoy revenue drop was unsurprising, but higher-than-expected operational costs led to lower net profit margins.

■ We think investors may be more interested in PBS’s potential privatisation. We downgrade PBS from Add to Hold with TP at the offer price of 65 Scts


Read More ...




LionelLim8.16Check out our compilation of Target Prices

Share Prices

Counter NameLastChange
AEM Holdings4.010-0.020
Avi-Tech Electronics0.405-0.005
Best World Int.1.360-
China Sunsine0.5000.015
Food Empire0.9150.005
Golden Energy0.152-0.003
GSS Energy0.059-0.002
ISDN Holdings0.560-0.015
IX Biopharma0.240-0.005
JB Foods0.5800.015
KSH Holdings0.340-
Leader Env0.170-
Medtecs Intl1.000-0.100
Moya Asia0.071-0.001
Nordic Group0.2450.005
Oxley Holdings0.235-
REX International0.1730.001
Sri Trang Agro2.240-0.010
Straco Corp.0.535-0.025
Sunpower Group0.795-0.005
The Trendlines0.087-0.002
UG Healthcare0.615-0.030
Uni-Asia Group0.605-
Wilmar Intl5.3500.070
Yangzijiang Shipbldg1.0800.010
Yinda Infocomm0.120-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 4073 guests and one member online

  • admin2