ANALYSTS SAY: Buy, Sell, Hold (17 June)

buy sell hold 2021

CGS-CIMB	MAYBANK KIM ENG
AEM Holdings Ltd Adding capacity for growth ■ AEM announced its expansion plans today (16 Jun 2022) that will more than double its current manufacturing space in Malaysia, US and Singapore. ■ We also note the successful conclusion of new product developments such as a CMOS testing solution with UTAC and AEM’s own Trident platform. ■ We reiterate our Add call with a TP of S$6.85. Read more...	KPJ Healthcare (KPJ MK) Tailwinds intact despite taking more time; U/G to BUY Upgrade to Buy following share price decline We tactically upgrade KPJ to BUY with an unchanged SOP-derived TP of MYR1.01, following its underperformance against the broader market. The abating COVID-19 situation, coupled with various management initiatives to drive margin expansion i.e. streamlining cost management, adoption of technology, as well as disposal of underperforming assets, could be the catalysts for the stock to re-rate, in our view. The stock is currently trading below its PBV and EV/EBITDA 5-year means. Read more...
UOB KH
Marco Polo Marine - Beneficiary of higher activity in the offshore sector. (MPM SP/BUY/S$0.028/Target:S$0.043) The rationalised oil & gas offshore support industry has shown resilience over the COVID-19 pandemic. Channel checks suggest vessel utilisation has been improving, helped by minimal newbuilds and increased offshore activity in the region. MPM will benefit from positive operating leverage from higher charter and utilisation rates and a lean operating structure. Maintain BUY with a higher target price of S$0.043 (from S$0.038), after rolling forward the valuation base year to FY23. Read more.

Counter Name	Last	Change
AEM Holdings	2.290	-0.070
Best World	2.460	0.020
Boustead Singapore	0.945	-0.015
Broadway Ind	0.125	-0.003
China Aviation Oil (S)	0.905	-0.005
China Sunsine	0.400	-0.010
ComfortDelGro	1.450	-0.010
Delfi Limited	0.895	-0.005
Food Empire	1.280	-0.040
Fortress Minerals	0.305	-0.015
Geo Energy Res	0.300	-0.005
Hong Leong Finance	2.480	-0.010
Hongkong Land (USD)	2.830	-0.020
InnoTek	0.520	-0.015
ISDN Holdings	0.300	0.005
ISOTeam	0.042	-0.001
IX Biopharma	0.040	-0.005
KSH Holdings	0.255	0.005
Leader Env	0.050	-
Ley Choon	0.044	0.001
Marco Polo Marine	0.067	-0.002
Mermaid Maritime	0.136	-0.003
Nordic Group	0.310	-0.005
Oxley Holdings	0.089	-
REX International	0.138	0.003
Riverstone	0.790	-0.005
Southern Alliance Mining	0.445	-
Straco Corp.	0.495	0.010
Sunpower Group	0.205	-0.005
The Trendlines	0.069	-
Totm Technologies	0.022	-
Uni-Asia Group	0.825	-
Wilmar Intl	3.400	0.020
Yangzijiang Shipbldg	1.740	-0.030

Counter Name

Last

Change

AEM Holdings

2.290

-0.070

Best World

2.460

0.020

Boustead Singapore

0.945

-0.015