buy sell hold  


Sheng Siong Group

Well stocked for now


■ 1Q21 net profit of S$30.8m was in line at 28.4%/29% of our/consensus fullyear forecasts; held up by robust GPM and other income.

■ While we are heartened by SSG’s GP margins, store openings may only emerge in 4Q21F as HDB construction still faces delays.

■ With few earnings catalysts in sight, we downgrade SSG from Add to Hold. We lower our TP to S$1.60, based on 22x CY22F P/E (1 s.d. above mean).


Read More ...




ISDN Holdings Ltd

Reimagine manufacturing


■ ISDN’s 1Q21 revenue/net profit at 26%/25% of our full-year forecast was in line with our expectations.

■ The company continues to benefit from the secular transformation from labour-intensive manufacturing to automated manufacturing.

■ We reiterate our Add call with a higher TP of S$0.84, based on Singapore tech sector’s CY22 average P/E of 12.5x.


Read More ...



MM2 Asia (MM2 SP)

Singing To A Blockbuster Recovery


mm2 Asia is a media player with film production, cinema, post production and concerts/events production businesses. Hard hit by the COVID-19 pandemic, the group is a good proxy for the recovery in activities, including the resumption of concerts/events and normalisation of seating capacity in cinema theatres with a bumper slate of blockbusters in 2021. Its core film business has produced award-winning films. Initiate coverage with BUY. Target price: S$0.098, with 35% upside.


Read More ...




ARA LOGOS Logistics Trust (ALLT SP)

1Q21: Sustainable Growth And Transformation By Tapping On Sponsor Pipeline


ALLT’s 1Q21 business update continues to demonstrate a turnaround to sustainable growth. With LOGOS installed as its new sponsor, ALLT has access to a sizeable acquisition pipeline with an AUM of US$10.2b, of which more than half is located in Singapore, Australia and China. We expect continued expansion as ALLT taps on its sponsor pipeline. ALLT provides an attractive distribution yield of 6.7% and yield spread of 5.1% for 2022. Maintain BUY. Target price: S$0.89.


Read More ...

LionelLim8.16Check out our compilation of Target Prices

Share Prices

Counter NameLastChange
AEM Holdings3.560-0.070
Avi-Tech Electronics0.400-
BH Global0.320-
China Sunsine0.5450.010
Food Empire0.8900.010
Fortress Minerals0.5750.030
Golden Energy0.153-0.004
GSS Energy0.060-
ISDN Holdings0.6400.005
IX Biopharma0.245-
KSH Holdings0.365-
Leader Env0.132-0.008
Medtecs Intl1.040-0.030
Moya Asia0.068-
Nordic Group0.245-0.010
Oxley Holdings0.245-
REX International0.1800.001
Southern Alliance Mining0.9650.005
Sri Trang Agro2.1100.020
Straco Corp.0.555-
Sunpower Group0.8900.015
The Trendlines0.1060.001
UG Healthcare0.660-0.040
Uni-Asia Group0.665-
Wilmar Intl4.980-
Yangzijiang Shipbldg1.5100.050
Yinda Infocomm0.1490.001

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 718 guests and no members online