ANALYSTS SAY: Buy, Sell, Hold (19 Apr '21)

buy sell hold

UOB KAYHIAN	UOB KAYHIAN
REITs – Singapore S-REITs Bi-Weekly Updates (1-15 Apr 21) S-REITs gained 1.7% during 1-15 April. We recommend a diversified portfolio of S-REITs that benefit from recovery and re-opening. BUY office REITs KREIT (Target: S$1.49) and SUN (Target: S$1.72) as they will benefit from employees returning to work from office. AREIT (Target: S$3.82) and MINT (Target: S$3.50) offer exposures to decentralised offices. LREIT (Target: S$0.97) benefits from a recovery in shopper traffic and tenant sales at downtown malls. Maintain OVERWEIGHT. Read More ...	Dairy Farm International Holdings (DFI SP) On Track For A Slow And Steady Recovery Despite Market Volatility DFI is a play on Asia’s developed and emerging markets with upside from the rising consumer spending power of its middle class. Its multi-year strategic transformation starting in 2018 has led to higher EBITDA margins which we expect the company to maintain. Via its 50% interest in Maxim’s which has key franchises such as Shake Shack and Starbucks, it has products that appeal to all ages. We initiate coverage with a BUY and PE-based target price of US$5.19 implying 23% upside with a 5% yield. Read More ...
UOB KAYHIAN	UOB KAYHIAN
InnoTek (INNOT SP) Beneficiary Of Strong Growth In China’s Auto Sales And The EV Industry InnoTek is set to benefit from the strong growth in China’s auto sales in 2021 and the high-growth EV industry as it has started serving EV manufacturers. The China Association of Automobile Manufacturers (CAAM) estimates that passenger vehicle sales grew by 74% yoy in 1Q21 due to a strong recovery in demand. We expect Innotek’s EPS to grow by 39% yoy in 2021. We raise our target price by 46% to S$1.20 (12x 2022 EPS). Innotek currently trades at only 5x ex-cash 2022 PE. Read More ...	Nanofilm Technologies Int'l Ltd Outlook still robust ■ Customer Z’s upcoming product launch could introduce a new line of tablets that may further catalyse NANO’s earnings growth in FY21F. ■ We continue to expect the 3C markets to drive earnings growth in FY21F. ■ We reiterate our Add call with an unchanged TP of S$5.52. Read More ...

Check out our compilation of Target Prices

Counter Name	Last	Change
AEM Holdings	2.350	0.030
Best World	2.460	0.010
Boustead Singapore	0.960	0.010
Broadway Ind	0.128	0.001
China Aviation Oil (S)	0.905	-0.005
China Sunsine	0.410	-
ComfortDelGro	1.490	0.010
Delfi Limited	0.900	0.005
Food Empire	1.250	-0.040
Fortress Minerals	0.310	0.005
Geo Energy Res	0.310	-
Hong Leong Finance	2.500	0.010
Hongkong Land (USD)	3.030	0.110
InnoTek	0.525	-
ISDN Holdings	0.305	0.010
ISOTeam	0.043	0.001
IX Biopharma	0.043	-
KSH Holdings	0.250	-
Leader Env	0.050	-
Ley Choon	0.043	-
Marco Polo Marine	0.065	-0.003
Mermaid Maritime	0.138	-0.001
Nordic Group	0.340	0.010
Oxley Holdings	0.089	-
REX International	0.136	-0.001
Riverstone	0.800	-0.005
Southern Alliance Mining	0.430	-0.020
Straco Corp.	0.490	0.005
Sunpower Group	0.200	-0.005
The Trendlines	0.069	-0.001
Totm Technologies	0.022	-
Uni-Asia Group	0.835	-
Wilmar Intl	3.450	0.040
Yangzijiang Shipbldg	1.720	-0.030

Counter Name

Last

Change

AEM Holdings

2.350

0.030

Best World

2.460

0.010

Boustead Singapore

0.960

0.010