Friday, January 30, 2015

Hi-P kept at "buy" with 87-cent target by DMG

Stock Name: Hi-P
Research House: OSK-DMGPrice Call: BUYTarget Price: 0.87

SINGAPORE (Jan 30): DMG & Partners is keeping its "buy" call and 87-cent price target for Hi-P International, saying the contract manufacturer is expected to benefit from a ramp-up in production of the YotaPhone 2, the world's first dual-screen smartphone.

Available in most parts of the world this quarter, the phone consists of an LCD screen on the front and a Kindle-like screen on the back, with improved sensitivity for a better reading experience.

SMRT price target raised 11.8% to $1.90 by OCBC

Stock Name: SMRT
Research House: OCBCPrice Call: HOLDTarget Price: 1.90

SINGAPORE (Jan 30): OCBC Investment Research has raised its price target for SMRT Corp to $1.90 from $1.70 after increasing its earnings estimates by 4.1% for FY2015 and 15.3% for FY2016 to factor in lower fuel costs.

"We expect the lower energy costs will drive up profitability of SMRT at least in FY16," OCBC analyst Eugene Chua wrote in a note.

The public transport operator's outlook remains positive as it has shown its ability to manage expenses and is expected to recognise rental revenue from its Kallang Wave Mall from FY2016, he said.

Thursday, January 29, 2015

CIMB raises Sheng Siong's target price by 7 cents after earnings revision

Stock Name: Sheng Siong
Research House: CIMBPrice Call: BUYTarget Price: 0.84

SINGAPORE (Jan 29): CIMB is maintaining its "Add" call on Sheng Siong Group but raised its target price (TP) by 7 cents to 84 cents from 77 cents after revising the group's FY15 and FY16 earnings per share (EPS) by 4% and 7% respectively.

In a research report today, CIMB has revised Sheng Siong's store growth assumptions to factor in recent new stores including the opening of 14,000 sq ft additional retail space in the past two months, which are located in Penjuru and Tampiness respectively.

OUE Hospitality Trust kept at 'add' with $1.00 target by CIMB

Stock Name: OUE HTrust
Research House: CIMBPrice Call: BUYTarget Price: 1.00

SINGAPORE (Jan 29): CIMB Research is maintaining its "add" on OUE Hospitality Trust with a target price of $1.00.

In a Jan 28 note, the research house says this should be an "exciting" year for OUE H-Trust given the more favourable outlook for Singapore's tourism industry for 2015.

OUE-HT delivered $23.6 million in distributable income and DPU of 1.78 cents, beating forecasts made during its IPO by 1.3% and 1.1% respectively.

CDL Hospitality Trusts downgraded to "hold" by CIMB

Stock Name: CDL HTrust
Research House: CIMBPrice Call: HOLDTarget Price: 1.86

SINGAPORE (Jan 29): CIMB has downgraded CDL Hospitality Trusts (CDL-HT) to "hold" from "add" and cut its price target to $1.86 from $1.90, citing stretched valuations and an expected drop in business in 1Q2015.

The property trust's distribution per unit for 1Q2015 is likely to be lower because of reduced business travel during the Chinese New Year period in February and the absence of a major annual aerospace event in Singapore at the start of the year, according to CIMB analyst Pang Ti Wee.

Wednesday, January 28, 2015

Hutchison Port Holdings Trust cut to "hold" by Deutsche Bank

Stock Name: HPH Trust USD
Research House: Deutsche BankPrice Call: HOLDTarget Price: 0.70

SINGAPORE (Jan 28): Deutsche Bank has downgraded Hutchison Port Holdings Trust to "hold" from "buy" and cut its price target to 70 US cents from 74 US cents after lowering its 2015-2016 earnings estimates slightly to factor in expected higher operating costs and taxes.

While HPH Trust may be able to achieve its own distribution per unit target of 41 Hong Kong cents (7.15 Singapore cents) for 2014, its payout for this year could fall to 34 Hong Kong cents, according to Deutsche Bank analysts Sky Wong and Joe Liew.

Riverstone Holdings kept at 'buy' by Maybank Kim Eng with $1.21 target price

Stock Name: Riverstone
Research House: Maybank Kim EngPrice Call: BUYTarget Price: 1.21

SINGAPORE (Jan 28): Maybank Kim Eng is maintaining its "buy" call on Riverstone Holdings with a $1.21 target price.

In a Jan 28 report, Maybank Kim Eng says competition in the nitrile healthcare glove sector is expected to intensify this year on a 17% rise in capacity for 19 billion gloves by the Big Four glovemakers and Riverstone.

"Still, we think providers of differentiated products and more efficient players with strong take-up for their new capacity can continue to thrive," say analysts John Cheong and Gregory Yap.