initiation

Broker's Calls

Overseas Education started at 'buy' on stabilising student numbers, interest expense savings

SINGAPORE (May 10): Lim & Tan Securities has started coverage on Overseas Education Limited (OEL) at “buy” with a target price of 48 cents, representing a 60% upside potential from the stock’s

Broker's Calls

Don't underestimate the recovery potential of this education stock: UOB

SINGAPORE (April 23): UOB Kay Hian is starting coverage on Overseas Education Limited (OEL) at “buy” with a 46 cent price target, based on 10.4 times EV/EBITDA or a 15.4% discount to global peers’

Broker's Calls

Intensifying competition, economic slowdown may drag on Sheng Siong's growth: Maybank KE

SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D.

Broker's Calls

Dasin Retail Trust started at 'buy' as a proxy to Zhongshan's growing spending power

SINGAPORE (Nov 13): Soochow CSSD Capital Markets (SCCM) is initiating coverage on Dasin Retail Trust and a target price of 97 cents, which implies a total return of 21.6% and FY19E yield of 8.3%.

Broker's Calls

Japfa started at 'buy' on expectations of over 500% y-o-y net profit growth

SINGAPORE (Oct 17): UOB Kay Hian is initiating coverage on Japfa at “buy” with a target price of 90 cents or 12.2 times FY18F earnings, compared to 13.6 times by peers.

Broker's Calls

EC World REIT started at 'buy' as prime beneficiary of Hangzhou logistics boom

SINGAPORE (Apr 16): Soochow CSSD Capital Markets is starting coverage of EC World REIT at “buy” with a price target of 88 cents on the belief that the trust is well-positioned to benefit from China

Broker's Calls

This emerging property giant could see a hospitality REIT listing in 2020

SINGAPORE (Apr 4): Soochow SSD Capital Markets (SCCM) has started coverage on Oxley Holdings at “buy” with a target price of 63 cents, which is pegged at a 20% discount to end-2018 RNAV estimates.

Broker's Calls

FY18 could be a turnaround year for Jubilee Industries, says CIMB

SINGAPORE (Mar 12): CIMB is starting coverage of post-restructured Jubilee Industries at “add” with a target of 5.1 cents.

Broker's Calls

China Sunsine initiated at 'buy' as the market consolidates in its favour

SINGAPORE (Jan 29): Phillip Capital is initiating coverage on China Sunsine, the largest producer of rubber accelerators in the world, with a “buy” call and target price of $1.60 or 10 times FY18 e

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