ANALYSTS SAY: Buy, Sell, Hold (6 Jan)

buy sell hold 2021

MAYBANK KIM ENG	UOB KAYHIAN
Sea Ltd (SE US) Tencent pares stake Stake sale is unrelated to fundamentals; BUY Sea’s share price fell 11.4% to USD197.84 following Tencent’s decision to pare its stake in the company from 21.3% to 18.7%. Sentiment for preearnings stocks tend to be fragile and this move adds to the overhang. Nevertheless, this does not take away long-term growth prospects given Shopee’s position as ASEAN’s top e-commerce player and potential from Garena Free Fire MAX. Maintain BUY and SOTP-TP of USD379 Read More ...	REITs – Singapore Hospitality: Recovery Is Delayed But Not Derailed Existing VTLs have been kept open although capacity will be scaled down by half starting 21 Jan 22. Singapore has to weather a new wave of Omicron variant infections in 1Q22. We expect the reopening of borders with expansion of capacity for existing VTLs and introduction of new VTLs to resume in 2H22. BUY ART (Target: S$1.29), CDREIT (Target: S$1.42) and FEHT (Target: S$0.74), which trade atdiscou nts to NAV of 11%, 7% and 24% respectively. Maintain OVERWEIGHT. Read More ...
CGS CIMB	CGS CIMB
ISDN Holdings Ltd Automation cannot be stopped ■ ISDN has appointed the general manager of its software business subsidiary as its CTO. ■ We think the significance of this appointment is that ISDN could focus more on growing its software offerings which could help expand margin. ■ We reiterate our Add call with a TP of S$1.00. Read More ...	Sembcorp Industries 625MW contract to turn SEIL 2 profitable ■ SEIL has secured a 12-year PPA to supply 625MW of power to Andhra Pradesh; with this contract, 77% of SEIL will be contracted (previously 50%). ■ No tariff was disclosed but we believe it should be close to market rate. IEX spot prices in Nov-Dec 21 averaged 3.33 Rs/kWh. ■ The contract will begin in 2023 and could turn SEIL plant 2 profitable after being loss-making since 2016. Reiterate Add and TP of S$2.51. Read More ...

Check out our compilation of Target Prices

Counter Name	Last	Change
AEM Holdings	2.370	0.030
Best World	2.460	-
Boustead Singapore	0.945	-0.015
Broadway Ind	0.133	-
China Aviation Oil (S)	0.920	-0.005
China Sunsine	0.420	0.005
ComfortDelGro	1.480	-
Delfi Limited	0.895	-
Food Empire	1.260	-
Fortress Minerals	0.300	-0.005
Geo Energy Res	0.305	-0.005
Hong Leong Finance	2.500	-
Hongkong Land (USD)	3.140	0.020
InnoTek	0.550	0.030
ISDN Holdings	0.305	-0.005
ISOTeam	0.044	0.001
IX Biopharma	0.042	0.001
KSH Holdings	0.250	-
Leader Env	0.047	-0.004
Ley Choon	0.045	-
Marco Polo Marine	0.067	-
Mermaid Maritime	0.139	-0.001
Nordic Group	0.305	-0.005
Oxley Holdings	0.088	-0.001
REX International	0.133	-0.003
Riverstone	0.795	-0.020
Southern Alliance Mining	0.430	-
Straco Corp.	0.485	-0.025
Sunpower Group	0.210	0.005
The Trendlines	0.067	-
Totm Technologies	0.022	-
Uni-Asia Group	0.820	-0.005
Wilmar Intl	3.470	-0.030
Yangzijiang Shipbldg	1.740	-0.010

Counter Name

Last

Change

AEM Holdings

2.370

0.030

Best World

2.460

Boustead Singapore

0.945

-0.015

Broadway Ind