KGI Securities

Broking firm filed suspicious transaction reports for accounts, says witness

SINGAPORE (May 16): Brokerage firm KGI Securities had filed Suspicious Transaction Reports (STRs) for three of 20 trading accounts allegedly manipulated by the masterminds behind the 2013 penny stocks crash, the court heard on Thursday.

During examination-in-chief by Deputy Public Prosecutor David Koh, KGI Securities’ Head of Risk, Tan Seow Kiat, said three third-party cheques had been issued as cash collateral for trading accounts belonging to Ooi Cheu Kok, Nelson Fernandez, and Lim Kuan Yew in AmFraser Securities as it was known, prior to a takeover by KGI in 2015.

KGI keeps ThaiBev “buy” on weakness after disappointing results

SINGAPORE (Dec 18): KGI Securities is keeping its “buy” recommendation on Thai Beverage with an unchanged target price of 75 cents – implying an estimated upside of more than 27% from its current trading price.

The research house says recent weakness in ThaiBev’s share price following the release of its FY18 results has opened up an opportunity to accumulate.

ThaiBev before market open on Nov 27 reported FY18 earnings of THB 18.53 billion ($77 million), down 46% from last year.

9 undervalued stocks to watch in the MSCI Singapore Index: KGI

SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%.

According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), CapitaLand, Genting Singapore (GENS), and Singapore Airlines (SIA) – are trading below their 10-year price-to-earnings (P/E) and price-to-book (P/B) averages.

Value in MSCI Singapore Index: KGI Securities

SINGAPORE (Dec 11): KGI Securities highlights stocks in the MSCI Singapore Index with the cheapest P/E and P/B, as well as those with the highest dividend yield.

Creative Technology skyrockets 147% on 'holy grail'

SINGAPORE (Feb 23): Shares in Creative Technology have skyrocketed by 147% to $3.09, with some 4.7 million shares changing hands as at 3.43pm.

Climbing by $1.84 to a two-year high, the surge triggered a query from Singapore Exchange (SGX) on unusual price movements on Friday morning.

According to Creative's response to the bourse, this follows media reports on its new Super X-Fi Headphone Holography technology, which promises to bring “3D” sound to headphones.

Uni-Asia well-positioned for growth, says KGI

SINGAPORE (Dec 18): KGI Securities believes that Uni-Asia Group’s recent share price decline has opened an opportunity to accumulate as the ship and hotel owner is “well-positioned for growth”.

“Uni-Asia’s share price has declined around 15% since its recent peak in November following the announcement of its 3Q17 results. The sell-off may be unjustified given that results were in-line with our estimates,” says KGI analyst Joel Ng.

“Furthermore, Uni-Asia continues to make good progress in all three of its business units,” Ng adds.

Health Management Int'l rallies 91% and now Temasek is knocking

SINGAPORE (Nov 29): After a 91% surge in its share price since 2016, Health Management International has gained an important new supporter -- a unit of Singapore’s state investment firm.

Heliconia Capital Management will consider investing with the operator of Malaysian hospitals as it seeks to expand through acquisitions, according to Derek Lau, chief executive officer at the unit of Temasek Holdings. On Nov. 13, the investment firm announced that it acquired a 2% stake in Singapore-headquartered Health Management International for US$11 million ($14.8 million).

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Fernvale project to drive Sing Holdings as property sentiment improves

SINGAPORE (Aug 30): KGI Securities is recommending “buy” for Sing Holdings with a fair value estimate of 54 cents, based on an implied 0.83 times P/B FY16 earnings, as well as a 30% discount to the property developer’s revalued net asset value (RNAV) estimate of 77 cents.

In a Wednesday report, analyst Joel Ng says he expects the group’s upcoming launch of its 735-unit private residential project at Fernvale Road to sell well, given the recent upturn in new property sales transactions in Singapore.

This mining stock is ‘severely undervalued’ according to KGI Securities

SINGAPORE (Aug 18): KGI Securities is maintaining its “buy” call on Golden Energy and Resources (GEAR) with an unchanged target price of 78 cents, and says the mining company is “severely undervalued”.

In a Friday report, analyst Joel Ng notes that the stocks’ current price assumes the long-term coal price of US$34 per tonne, and a US$22 per tonne cash cost – meaning a 20% discount to the 8-year 4200kcal Indonesian coal price average, and a US$22 per tonne cash cost to arrive at the group’s current share price.

This undervalued tech stock is steadily growing its margins

SINGAPORE (Aug 16): KGI Securities is reiterating its “buy” recommendation on Frencken Group, formerly known as ElectroTech Investments, while raising its target price estimate to 72 cents from 63 cents previously.

Frencken, a provider of capital and consumer equipment services, recently saw its 2Q net profit grow 62% y-o-y to $6.6 million.

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