upgrade

'Buy' this tech play for robust growth prospects despite 3Q earnings miss: Phillip Capital
SINGAPORE (May 2): Phillip Capital is upgrading its call on Micro-Mechanics Holdings to “buy” from “accumulate”, albeit with a lower target price of $2.30 compared to $2.50 previously after trimming its earnings forecast by 10% for FY18E. See: Phillip cuts Micro-Mechanics to 'accumulate' on 2Q results but investment merits still attractive This comes after the group’s 3Q18 revenue ...
This consumer stock is set to thrive amid looming market uncertainties: RHB
SINGAPORE (Apr 11): RHB is upgrading its call on Sheng Siong Group to “buy” from “neutral” with a higher target price of $1.11 from 98 cents previously, which results from a 2-3% increase in FY18-20 estimates and target P/E from 19 to 21 times. In a Wednesday report, analyst Juliana Cai says she thinks the market has underestimated the group’s near-term growth prospects given the ...
This trust could be a better proxy to the China retail market than newcomer Sasseur REIT
SINGAPORE (Mar 28): OCBC Investment Research is upgrading its call on CapitaLand Retail China Trust (CRCT) to “buy” from “hold” previously with an unchanged fair value of $1.66, which represents a total expected return of 14% including dividend yield as of the REIT’s Tuesday closing unit price of $1.55. This move comes as units of Chinese retail trust Sasseur REIT commenced trading ...
CNMC Goldmine upgraded to 'accumulate' ahead of potential turnaround this year
SINGAPORE (Feb 28): Phillip Capital is upgrading its call on CNMC Goldmine Holdings to “accumulate” with an unchanged target price of 30 cents ahead of a potential turnaround this year. “In FY18, the primary catalyst that we look forward to is the significant turnaround of gold output, stemming from the replenishment of high-grade ore and higher gold recovery. Another positive factor is ...
Will stiff taxi competition continue to hinder ComfortDelGro despite Uber alliance?
SINGAPORE (Feb 14): OCBC is upgrading its call on ComfortDelGro (CDG) while increasing its fair value to $2.25 from $2.12 previously after rolling forward its valuations, on the belief that CDG’s alliance with Uber, if approved, will help to stabilise the group’s earnings outlook going forward. See: ComfortDelGro and Uber finally join forces This is because the alliance would stabilise ...
Why Hutchison Port Holdings Trust is a better 'buy' than what headlines imply
SINGAPORE (Feb 6): OCBC Investment Research is upgrading its call on Hutchison Port Holdings Trust (HPHT) to “buy” from "hold" with a slightly higher fair value of 43 US cents (57 cents) compared to 42 US cents previously. This comes after the trust’s manager on Monday declared a distribution per unit (DPU) of 20.60 Hong Kong cents for FY17, in line at 98.1% of OCBC’s full-year ...
Brokers upgrade SIA Engineering after 3Q upside surprise
SINGAPORE (Feb 5): OCBC Investment Research and DBS are upgrading their calls on SIA Engineering Company (SIAEC) to “buy” from “hold” previously with a higher fair value and target price of $3.70 and $3.86, respectively. This comes after the group last week reported 3Q18 earnings of $54.8 million, up 4.2% from $52.6 million on higher share of profits of associated and JV companies – ...
Does Suntec REIT's rally have legs?
SINGAPORE (Jan 25): DBS Vickers Securities is reiterating its “buy” call on Suntec REIT with an unchanged target price of $2.30 after its manager on Wednesday posted a 4Q distribution per unit (DPU) of 2.604 cents, in line with expectations. See: Suntec REIT 4Q DPU holds steady at 2.604 cents In a Thursday report, DBS lead analyst Mervin Song opines that the REIT’s unit price rally ...
CacheLog divestment of 40 Alps Avenue creates 'comfortable headroom' for future acquisitions
SINGAPORE (Jan 22): RHB and Phillip Capital have upgraded their calls on Cache Logistics Trust (CacheLog) to “buy” and “accumulate” from “neutral”, with higher target prices of 96 cents and 92 cents, respectively. This comes after the trust’s manager last Thursday declared a distribution per unit (DPU) of 1.597 cents for the 4Q17 ended Dec, while also announcing in a separate ...
SembMarine upgraded on recent share price divergence from Keppel's
SINGAPORE (Jan 3): OCBC Investment Research has upgraded its call on Sembcorp Marine (SMM) to “hold” from “sell” previously with a higher fair value estimate of $1.78 from $1.74 previously. This follows the group’s share price correction of 5% to $1.85 on 29 Dec from $1.94 on 22 Dec in response to news of ongoing bribery charges in Brazil, before benefitting from strong oil prices to ...