ANALYSTS SAY: Buy, Sell, Hold (24 Feb)

buy sell hold 2021

CGS CIMB	CGS CIMB
APAC Realty Ltd Supported by high dividend yield ■ 2H/FY21 EPS of 5.16/9.96 Scts in line, at 51.1%/98.5% of our FY21 forecast ■ Slower market activity likely in the near term due to cooling measures ■ Reiterate Add with a lower TP of S$0.93; share price likely to be supported by high dividend yield Read More ...	Delfi Ltd A sweet treat to end FY21 ■ FY21 core net profit was a strong beat, at 129%/129% of our/consensus’ estimates on improved cost profile as sales momentum recovered. ■ Special DPS of 0.48 US cents proposed alongside final DPS of 1.08 US cents brings FY21 DPS to 2.83 US cents for an attractive c.5% yield. ■ Reiterate Add; raise TP to S$1.09 as we increase EPS for FY22-23F by 12- 13% while pegging at a slightly lower P/E multiple of 18x (from 20x). Read More ...
CGS CIMB	UOB KAYHIAN
Riverstone Holdings Bumper dividends ■ FY21 results were in line with our expectations. Back-loaded dividend payout of 38sen/share (final + special dividend) represents c.15% yield. ■ Strong demand for cleanroom gloves supports elevated ASPs. Structural shift in product mix means cleanroom could contribute 76% of FY22F GP. ■ With RSTON’s prioritisation of cleanroom segment bearing fruit, we think its earnings are more resilient vs. peers in the current environment. Retain Add Read More ...	Oversea-Chinese Banking Corp (OCBC SP) 4Q21: Downside Cushioned By Depressed Valuations 4Q21 was a disappointing quarter due to a shortfall in fee income, higher operatingexpenses and higher provisions. Asset quality deteriorated in Malaysia, Indonesia and Greater China. Management guided mid-to-high single-digit loan growth for 2022. Interest rates are on the rise and we expect OCBC to benefit from NIM expansion in 2H22. 2022 P/B is low at 1.1x. OCBC provides attractive dividend yield of 4.3% for 2022 and 4.6% for 2023. Maintain BUY. Target price: S$15.82. Read More ...

Counter Name	Last	Change
AEM Holdings	1.910	0.090
Best World	2.490	0.010
Boustead Singapore	0.950	-
Broadway Ind	0.132	-
China Aviation Oil (S)	0.870	0.005
China Sunsine	0.395	-
ComfortDelGro	1.440	-0.010
Delfi Limited	0.875	0.005
Food Empire	1.120	-0.010
Fortress Minerals	0.285	-0.015
Geo Energy Res	0.300	0.010
Hong Leong Finance	2.420	-
Hongkong Land (USD)	3.450	0.030
InnoTek	0.510	-
ISDN Holdings	0.305	0.005
ISOTeam	0.051	0.002
IX Biopharma	0.038	-0.001
KSH Holdings	0.250	-
Leader Env	0.049	-
Ley Choon	0.053	0.003
Marco Polo Marine	0.071	0.001
Mermaid Maritime	0.156	0.014
Nordic Group	0.305	-
Oxley Holdings	0.088	0.001
REX International	0.128	0.004
Riverstone	0.885	0.025
Southern Alliance Mining	0.480	-
Straco Corp.	0.490	0.005
Sunpower Group	0.215	0.010
The Trendlines	0.062	-0.001
Totm Technologies	0.021	-
Uni-Asia Group	0.825	0.005
Wilmar Intl	3.200	0.020
Yangzijiang Shipbldg	1.760	0.020

Counter Name

Last

Change

AEM Holdings

1.910

0.090

Best World

2.490

0.010

Boustead Singapore

0.950

Broadway Ind