coverage

Jumbo gets tasty again with a contrarian 'buy'

SINGAPORE (Dec 13): Maybank Kim Eng has resumed coverage of restaurant operator Jumbo Group with a “buy” and target price of 70 cents, which implies 26 times FY18E earnings per share (EPS) – on par with its regional food and beverage (F&B) peers.

3 REITs to help cushion against rising interest rates

SINGAPORE (April 18): Maybank Kim Eng Research is initiating coverage on the Singapore REIT (S-REIT) sector with a “positive” view, highlighting the industrial sub-sector as investors’ best option for growth.

In a report on Tuesday, analyst Chua Su Tye observes sector-wide balance sheet improvement among S-REITs following the global financial crisis (GFC), noting their proactive efforts in lengthening out maturities as well as heightening fixed debt levels in anticipation of eventual rate hikes.   

This new trend could be a potential game-changer in social advertising

SINGAPORE (Feb 9): Jefferies is initiating coverage on two of China’s largest and Nasdaq-listed live streaming players, Momo Inc and YY Inc, as the self-broadcasting video craze continues its ascent since its boom in mid-2016.

The Hong Kong-based global investment banking firm has rated Momo and YY at “buy” and “hold” with price targets of US$30 ($42.51) and US$45 respectively.

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This stock offers prime exposure to fast-emerging Myanmar

SINGAPORE (Jan 4): OCBC is initiating coverage on Singapore Myanmar Investco (SMI) at “buy” with a fair value of 97 cents, on the basis that it offers prime exposure to the tourism and consumer sectors of high-growth Myanmar.

The Singapore-listed group’s core business portfolio in Myanmar comprises duty-free travel and branded retail stores; restaurants and F&B distribution; car rental services; construction services; and logistics and warehousing services.

Singapore’s SMEs are ever more fearful of 2017. What are they doing about it?

SINGAPORE (Nov 25): The government’s outlook on Singapore’s economy has once again taken a turn for the worse, as demonstrated by the Ministry of Trade and Industry’s (MTI’s) narrowed economic growth forecast announced on Thursday.

Hence, it comes as no surprise that the city state’s small medium enterprises (SMEs) should adopt an even dimmer view of their own.  

(See also: Singapore narrows 2016 growth forecast to 1-1.5%)

One REIT to benefit from a rebounding US economy

Manulife

SINGAPORE (Nov 23): RHB Singapore is initiating coverage on Manulife US REIT with a "buy” recommendation with a target price of 96 US cents ($1.37).

As the first and only listed US office REIT in Asia, Manulife US REIT’s portfolio comprises three US freehold office properties with a total value of about US$813.2 million.

“We believe Manulife US REIT offers a compelling value proposition for yield-hungry cum growth-oriented investors,” comments analyst Vijay Natarajan in a Wednesday report.

DBS starts bullish on Procurri’s earnings prospects

SINGAPORE (Sept 19): DBS Vickers Securities is initiating coverage on Procurri at “buy” with a target price of 67 cents.

In a Friday report, analyst Sachin Mittal hails the provider of data centre equipment as a “promising player in a high growth sector”, being able to supply pre-owned hardware in over 80 countries and as one of the few players offering both hardware resale and independent maintenance services.

HMI gaining a steady pulse in the medical tourism sector

SINGAPORE (Sept 15): KGI Fraser is initiating coverage on private healthcare operator Health Management International (HMI) with a “buy” call at a target price of 60 cents.

Aside from a healthcare training institute based in Singapore, HMI owns and operates two tertiary hospitals in Malaysia with a 61% and 49% respective stake in Regency Specialist Hospital (RSH) in Johor and Mahkota Medical Centre (MMC) in Malacca.

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