Wednesday, November 26, 2014

Ezra kept at 'hold' with with fair value slashed to 77 cents by OCBC

Stock Name: Ezra
Company Name: EZRA HOLDINGS LIMITED
Research House: OCBCPrice Call: HOLDTarget Price: 0.77



SINGAPORE (Nov 26): OCBC Investment Research has maintained its "hold" call for Ezra Holdings with a fair value of 77 cents, down from $1.32 previously.

In a Nov 26 report, analysts Low Pei Han and Andy Wong Teck Ching are taking a more cautious view of Ezra given the company is undergoing restructuring in a tough business environment. With risks tilted towards the downside, OCBC is recommending the stock only for aggressive investors.

Tuesday, November 25, 2014

Triyards Holdings started at "buy", 92-cent target by AmFraser

Stock Name: Triyards
Company Name: TRIYARDS HOLDINGS LIMITED
Research House: AmFraserPrice Call: BUYTarget Price: 0.92



SINGAPORE (Nov 25): AmFraser has started coverage on Triyards International with a "buy" call and price target of 92 cents, based on nine times projected FY2015 earnings.

Ezion Holdings' recent move to subscribe for warrants issued by Triyards signals its confidence in the builder of lift boats, according to AmFraser.

"This will also provide a boost to its order book - potentially adding around US$150 million to Triyards' order book, which would bring (it) to an all-time high of US$550 million, giving visibility over the next two years," it said.

Riverstone kept at 'buy' with higher price target of $1.21 by Maybank-Kim Eng

Stock Name: Riverstone
Company Name: RIVERSTONE HOLDINGS LIMITED
Research House: Maybank Kim EngPrice Call: BUYTarget Price: 1.21



SINGAPORE (Nov 25): Maybank-Kim Eng is maintaining its "buy" call on Riverstone Holdings with a higher target price of $1.21.

In a Nov 25 report, analysts John Cheong and Gregory Yap said they remain optimistic about the prospects of the company, given that the manufacture of customised healthcare gloves remains a compelling business.

Maybank-Kim Eng recently hosted Riverstone to an non-deal roadshow with institutional clients in Malaysia and many walked away appreciative of Riverstone's dominance of the high-end cleanroom glove market.

KrisEnergy kept at 'buy' with $1.18 price target by UOB-KayHian

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.
Research House: UOB KayHianPrice Call: BUYTarget Price: 1.18



SINGAPORE (Nov 25): UOB-KayHian has maintained its "buy" call on KrisEnergy with a target price of $1.18 cents.

In a Nov 25 report, analysts Danny Chan Tzu Zhung and Loke Chuying said the stock's resilience despite the recent retreat in oil prices has enhanced their positive view on the stock, especially once its projected near-term catalysts materialise.

City Developments upgraded to "buy", target kept at $11.50 by Nomura

Stock Name: CityDev
Company Name: CITY DEVELOPMENTS LIMITED
Research House: NomuraPrice Call: BUYTarget Price: 11.50



City Developments upgraded to "buy", target kept at $11.50 by Nomura

(MORE TO FOLLOW)

Monday, November 24, 2014

Biosensors downgraded to "reduce", target cut to 53 cents by CIMB

Stock Name: Biosensors
Company Name: BIOSENSORS INT'L GROUP, LTD.
Research House: CIMBPrice Call: SELLTarget Price: 0.53



SINGAPORE (Nov 24): CIMB has downgraded Biosensors International Group to "reduce" from "hold" and cut its price target to 53 cents from 66 cents after lowering its FY2016 to FY2017 earnings per share estimates by 7% to 9% respectively.

"We see no major re-rating catalysts in the face of continued sluggish earnings," CIMB analyst Gary Ng said in a note.

"Our channel check reveals that there are potentially more blind spots, especially when restructuring efforts and sales strategy are unclear at the moment."

Courts Asia price target cut 23% to 40 cents by Maybank Kim Eng

Stock Name: Courts Asia
Company Name: COURTS ASIA LIMITED
Research House: Maybank Kim EngPrice Call: HOLDTarget Price: 0.40



SINGAPORE (Nov 24): Maybank Kim Eng has cut its price target for Courts Asia from 52 cents to 40 cents, based on eight times projected FY2016-17 earnings, after lowering its earnings estimates for FY2015-17 by 36%, 28% and 6% respectively.

The retailer's core markets are expected to remain weak as consumers withhold spending, according to Maybank Kim Eng analyst Truong Thanh Hang, who has a "hold" rating on the stock.