Phillip Capital

Poor segment performance & competition still a drag on StarHub's earnings, say analysts
SINGAPORE (Feb 18): RHB Research and UOB Kay Hian are maintaining their “neutral” and “sell” calls on StarHub with target prices of $2.02 and $1.45, respectively. Meanwhile, Phillip Capital has downgraded its rating on StarHub to “neutral” from “accumulate” with a lower target price of $1.58 compared to $1.88 previously. This comes after the telco concluded FY18 with 26.2% ...
SIA Engineering hit by target price cuts after 3Q's negative surprise
SINGAPORE (Feb 11): Maybank Kim Eng is maintaining its “buy” call on SIA Engineering (SIA EC) with a lower price target of $2.85 compared to $3 previously after the group reported a 40% y-o-y decline in 3Q19 earnings due to one-off items. The research house has cut its FY19-21 PATMI estimates by 6%-13%, but remains positive on the stock’s medium-term outlook considering its management ...
The ups and downs of Frasers Centrepoint Trust's 1Q19 performance
SINGAPORE (Jan 23): OCBC Investment Research and Phillip Capital are maintaining their “buy” and “neutral” calls on Frasers Centrepoint Trust (FCT) with the respective fair value and price target of $2.50 and $2.21. This comes post the release of the trust’s 1Q19 results which saw 1Q DPU grow 0.7% y-o-y to 3.02 cents, in line with both research houses’ expectations. In a Tuesday ...
Go for lower beta, dividend-paying stocks this year after a disappointing 2018: Phillip
SINGAPORE (Jan 4): Phillip Capital is maintaining its Straits Times Index (STI) target of 3,400 in Oct 2019 – which pegs the market at 13.5 times, or around its ten-year average valuation – as the research house advocates a lower-beta equity portfolio for the year, with an emphasis on dividend-paying stocks. In a Friday report, head of research Paul Chew opines that the Singapore market is ...
Phillip Capital ceases coverage on Nam Lee, but expects financials to remain strong in FY19
SINGAPORE (Dec 3): Phillip Capital is ceasing coverage on Nam Lee Pressed Metal Industries due to a “re-allocation of internal resources”. The research house’s last rating for Nam Lee was “buy” with a target price of 51 cents. Commenting on the group’s financial performance for FY18, analyst Richard Leow notes in a Nov 29 report that Nam Lee’s PATMI came in line with ...
CapitaLand's earnings uptrend likely to remain intact throughout FY18: Phillip
SINGAPORE (Nov 22): Despite a change of analyst, Phillip Capital is maintaining CapitaLand at “accumulate” with a lower target price of $4 compared to $4.19 previously, translating to a FY18E P/NAV ratio of 0.72 times. This comes after the real estate developer recently released its 3Q18 results where earnings rose 13.6% on-year to $362.2 million on lower costs and expenses, and in line ...
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 ...
Analysts remain positive on SIA Engineering in view of bright earnings prospects & strong balance sheet
SINGAPORE (July 20): DBS Vickers Securities and Phillip Capital are maintaining “buy” and “accumulate” calls on SIA Engineering (SIA EC) with the respective target prices of $3.92 and $3.56. This comes after SIA EC recorded earnings of $40.5 million for the 1Q ended June, representing a 10.4% increase from a year ago. While DBS’s target price is based on a blended valuation ...
Steady fundamentals keep SATS's long-term outlook above ground
SINGAPORE (May 31): UOB Kay Hian, DBS Vickers Securities and Maybank Kim Eng are maintaining their “buy” calls on SATS post the gateway services and food solutions provider’s release of its 4Q18 results, which declined from a year ago due to lower associate and joint venture (JV) profits as a result of a one-off accounting treatment, according to the management. Both UOB and DBS ...
Analysts see longer-term growth for SIA Engineering amid near-term challenges
SINGAPORE (May 17): Analysts believe SIA Engineering Company (SIAEC) could overcome near-term challenges and has positioned itself for longer-term growth. “Over the near-term, we expect the core business to stay muted as the industry shifts towards an increase in demand for lower margin Line Maintenance on the new aircraft/engine models,” says OCBC Investment Research’s lead analyst ...