UOB Kay Hian (UOBKH)

Sky’s the limit as Sats goes global - THE EDGE SINGAPORE

Aviation & Engineering

Sky’s the limit as Sats goes global

The airport services company has turned the corner following the pandemic and a mammoth acquisition.
UOB Kay Hian downgrades Food Empire to ‘hold’ with lower TP after near-term headwinds - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian downgrades Food Empire to ‘hold’ with lower TP after near-term headwinds

The analysts have also lowered their dividend forecast to 5 cents per share as they no longer expect special dividends for the FY.
UOBKH upgrades call on tech manufacturers to 'overweight', but remains selective on stock picks - THE EDGE SINGAPORE

Broker's Calls

UOBKH upgrades call on tech manufacturers to 'overweight', but remains selective on stock picks

Two-thirds of the tech manufacturing stocks reported weaker-than-expected 1H2024 earnings; Frencken and Venture named top picks.
UOBKH maintains ‘buy’ call on RH Petrogas with lowered TP despite strong 1HFY2024 results  - THE EDGE SINGAPORE

Broker's Calls

UOBKH maintains ‘buy’ call on RH Petrogas with lowered TP despite strong 1HFY2024 results

This comes on the back of increasing oil prices as well as a “steady” y-o-y oil production by RH Petrogas.

Broker's Calls

Analysts keep ‘buy’ on Frencken, optimistic on better 2HFY2024

Frencken's 1HFY2024 earnings of $18 million were in-line with UOB's and Maybank's expectations, but slightly below DBS's.
CGSI keep ‘add’ on Centurion at raised TP of 78 cents following healthy 1HFY2024 - THE EDGE SINGAPORE

Broker's Calls

Analysts see strength in Centurion Corp, keep ‘add’ or ‘buy’ at raised TPs

Analysts at CGSI, RHB and UOBKH have all raised their respective target prices of 78 cents, 76 cents and 85 cents.

Results

UOB Kay Hian reports earnings of $113.9 mil for 1HFY2024, 64.3% higher y-o-y

Revenue was up by 10.2% y-o-y to $317.1 million as all income – except interest income – rose on a y-o-y basis.
Analysts optimistic on CSE Global, all keep ‘add’ or ‘buy’ at raised or unchanged prices - THE EDGE SINGAPORE

Broker's Calls

Analysts optimistic on CSE Global, all keep ‘add’ or ‘buy’ at raised or unchanged prices

Analysts at CGSI, UOBKH and Maybank have all been pleased with CSE Global's 1HFY2024 results, and are upbeat on further earnings.

Broker's Calls

UOBKH downgrades MLT to ‘hold’ after growth deceleration in 1QFY2025 and persistent weak outlook for China

The REIT’s reported DPU for the quarter came in below expectations at 2.068 cents, down 8.9% y-o-y.
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