Monday, June 22, 2015

Ezion Holdings kept at 'buy' on price recovery by DBS Group Research

Stock Name: Ezion
Company Name: EZION HOLDINGS LIMITED
Research House: DBS VickersPrice Call: BUYTarget Price: 1.20



SINGAPORE (June 22): DBS Group Research has reiterated its "buy" call on Ezion Holdings as it believes the company's stock price would soon recover to the $1.20 level.

In a research note released on June 22, DBS observes that Ezion is well-positioned to benefit from the rising popularity of liftboats in this region, capitalising on its first mover-advantage.

"We believe service rigs are in an early growth phase, buoyed by the substitution effect to replace typical work boats/barges in this region," says DBS.

Friday, June 19, 2015

Super kept at 'hold' by DBS with lower target price to $1.25 on slowing growth

Stock Name: Super Group
Company Name: SUPER GROUP LTD.
Research House: DBS VickersPrice Call: HOLDTarget Price: 1.25



SINGAPORE (June 19): DBS Vickers has trimmed its target price on Super Group from $1.45 to $1.25 but maintaining its "hold" call, as the company's recovery is seen in progress albeit at a gradual pace.

"We believe earnings momentum will be back-end loaded beyond 2H2015. Management may be lining up new products for launch over this period but regional consumer sentiment remains tepid," say analysts Alfie Yeo and Andy Sim in a June 19 note.

Guocoleisure kept at 'add' with unchanged price target of $1.18 by CIMB

Stock Name: GuocoLeisure
Company Name: GUOCOLEISURE LIMITED
Research House: CIMBPrice Call: BUYTarget Price: 1.18



SINGAPORE (June 19): CIMB Research is maintaining its "Add" call for the hotel and property developer, Guocoleisure (GLL) with an unchanged target price of $1.18 for its promising ongoing development.

GLH, the hotel arm of GLL, has a new Value Centre General Manager (VCGM) model that is disrupting the conventional hotel investment and management business, says the research house.

GLL's strategy for its hotel business is to focus on decentralisation - this is unlike large hotel chains that typically have centralised decision-making model.

Capitaland Commercial Trust raised to 'hold' with higher target price of $1.63 by Daiwa

Stock Name: CapitaCom Trust
Company Name: CAPITALAND COMMERCIAL TRUST
Research House: DaiwaPrice Call: HOLDTarget Price: 1.63



SINGAPORE (June 19): Daiwa Capital Markets has raised its recommendation on Capitaland Commercial Trust (CCT) from "underperform" to "hold", as the recent decline in share price makes it no longer overvalued.

However, Daiwa's analyst David Lum, in his June 18 note, has also trimmed his target price on the stock to $1.57 from $1.63 previously, to take into account lower earnings estimates.

Thursday, June 18, 2015

FCL kept at 'add' with $2.02 target price by CIMB with $760 million UK hotels deal

Stock Name: Frasers Cpt
Company Name: FRASERS CENTREPOINT LIMITED
Research House: CIMBPrice Call: BUYTarget Price: 2.02



SINGAPORE (June 18): CIMB estimates that the Frasers Centrepoint Ltd's (FCL) £364 million ($760 million) purchase of hotels in UK will add between 1-5% to the company's earnings, with possible further upside given the visible acquisition pipeline.

"We see the acquisition as strategic as it will increase FCL's leverage into the key UK tourist market, which saw a 3.7% CAGR over the past four years, via a strong and scalable platform," writes analyst Lock Mun Yee in a June 18 note. She maintains her "add" call and target price of $2.02 on the stock.

First Resources is 'buy' with $2.40 target price by UOB despite El Nino

Stock Name: First Resources
Company Name: FIRST RESOURCES LIMITED
Research House: UOB KayHianPrice Call: BUYTarget Price: 2.40



SINGAPORE (June 18): UOB KayHian has reiterated its preference for First Resources given its good productivity track record. The company is also seen as a beneficiary of new policies in Indonesia and crude palm oil price movements.

"First Resources' share price delivers the best performance among the Singapore-listed plantation companies, as crude palm oil and soybean oil prices recover post biodiesel-friendly announcements by Indonesia, Malaysia and the US," states UOB KayHian analysts in a June 18 note, with a "buy" call and target price of $2.40.

Regal International started at 'buy' with 52 cents target price by NRA Capital

Stock Name: Regal Intl
Company Name: REGAL INTERNATIONAL GROUP LTD.
Research House: NRA CapitalPrice Call: BUYTarget Price: 0.52



SINGAPORE (June 18): NRA Capital has initiated coverage on Malaysian developer Regal International Group, with a "overweight" call and fair value of 52 cents.

Regal entered the Singapore market via the reverse takeover of precision parts maker Hisaka Holdings back in Oct 2014, which remains in operation even after the $20 million deal.

The company, now 65.5% owned by executive chairman and CEO Su Chung Jye, focuses on property development Kuching, the East Malaysian state of Sarawak.