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Analysts expect a more exciting performance from mm2 Asia in FY20

SINGAPORE (June 4): DBS Vickers Securities is upgrading its call on mm2 Asia from “hold” to “buy” while raising its target price by a cent to 34 cents, which is pegged to 16 times FY20F earnings for the core business, and in line with listed peers in Asia.

Meanwhile, CGS-CIMB Research maintains its “add” call on the stock with an unchanged target price of 37 cents.

Sembcorp Industries' near-term outlook hinges on sustained India uptrend, say analysts

SINGAPORE (May 21): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries (SCI) with target prices of $3.41 and $3.90, respectively.

This comes after the group last week posted 21% higher 1Q earnings of $77 million on higher contributions from its energy segment, which was mainly driven by improved performance from India and the recognition of peak winter availability payments for UK Power Reserve.

SingPost's ongoing initiatives will take time to bear fruit, say analysts

SINGAPORE (May 9): UOB Kay Hian and OCBC Investment Research are maintaining their “hold” calls on Singapore Post (SingPost) with a $1.06 price target and $1 fair value estimate, respectively, after the group announced a 4Q19 loss of $75.1 million due to US business-related impairment charges and exceptional items. 

Jumbo still a wholesome 'buy' despite China business risks: CGS-CIMB

SINGAPORE (Feb 15): CGS-CIMB Research is maintaining its “add” call on Jumbo Group while lowering its target price to 52 cents from 54 cents previously to reflect 2-3% lower FY20-21F EPS on the account of weaker China operations.

The latest price target is pegged to 21 times FY20F P/E versus the regional peer average of 20 times.

This comes after the restaurant chain operator reported 15.7% higher 1Q19 earnings of $2.4 million, in line with the research house’s expectations at 18% of its FY19F estimates, considering how the 1Q is seasonally weak.

Health Management International's outlook still healthy despite 1Q earnings miss, say analysts

SINGAPORE (Nov 19): Phillip Capital and CGS-CIMB Research are maintaining their “buy” and “add” calls on Healthcare Management International (HMI) with the respective target prices of 77 cents and 73 cents.

This comes even as the group’s latest set of 1Q19 earnings fell short of both research houses’ estimates due to financing costs and gestation losses incurred from StarMed, its 70%-owned subsidiary.

Analysts in favour of Sembcorp Industries' latest UK acquisition for earnings & growth prospects

SINGAPORE (June 4): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries as they like the group’s latest acquisition of UK Power Reserve (UKPR), the UK’s largest flexible distributed energy generator.

The deal marks one of the first major steps the group has taken in recycling its utilities assets post its strategic review in early-2018.

Far East Hospitality Trust off to a steady start despite soft corporate demand, say analysts

SINGAPORE (Apr 27): OCBC and CIMB are maintaining their “buy” and “add” calls on Far East Hospitality Trust (FEHT) with a fair value and target price of 73.5 cents and 79 cents, respectively, after its manager on Thursday announced a 1Q18 distribution per stapled security (DPSS) of 0.94 cent.

See: Far East H-Trust posts 1Q DPSS of 0.94 cent, up 1.1% y-o-y

Robust FY18 developments keep analysts upbeat on Mapletree Greater China Commercial Trust

SINGAPORE (Apr 27): OCBC and CIMB are reiterating their “buy” and “add” recommendations on Mapletree Greater China Commercial Trust (MGCCT) with a fair value and target price of $1.42 and $1.30, respectively.

This comes after MGCCT’s manager on Wednesday declared an available DPU for FY18 for 7.481 cents, up 1.9% from a year ago after factoring a 4Q18 DPU of 1.904 cents, which is down 2.8% from the previous year due to a reversal in VAT payable.

GuocoLand gets welcome exposure to prime district 9 from acquisition of Pacific Mansion

SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.

See: GuocoLand and Hong Leong win bid to acquire Pacific Mansion for $980 mil, highest in the current en bloc cycle

GuocoLand and Intrepid investments will hold 40% of the development each, with Hong Leong Realty owning the remaining 20%.

Can Jadason resolve its manpower issues for a more profitable FY18?

SINGAPORE (Mar 7): CIMB is maintaining its “add” call on Jadason Enterprises with a lower target price of 8 cents from 11 cents previously.

In a Tuesday report, analyst William Tng notes that while the group’s 4Q and FY17 results came in below the research house’s expectations, demand for printed circuit board (PCB) drilling remained robust over the past fiscal year with the group anticipating strong demand from its customers in FY18.

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