DBS Vickers (Spore) Daily Focus 4 July 2011

Stock Name: Kep Corp
Company Name: KEPPEL CORPORATION LIMITED

Research House: DBS Vickers

Price Call: BUY

Target Price: 13.55

Stock Name: Hi-P
Company Name: HI-P INTERNATIONAL LIMITED

Research House: DBS Vickers

Price Call: HOLD

Target Price: 1.28

Stock Name: MIDAS
Company Name: MIDAS HLDGS LIMITED

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.05

Comments
Keppel Corporation: BUY; S$11.08; Price Target: 12-Month S$13.55; KEP SP,
Keppel Corp: AOD exercises its first of 2 options

Hi-P International: HOLD; S$1.00; Price Target: 12-Month S$1.28; HIP SP
Hi-P warns that Q2 earnings would be lower q-o-q on lower sales and higher
costs


Highlight
Midas Holdings: BUY; S$0.65; Price Target: 12-Month S$1.05 (Prev S$ 1.10);
MIDAS SP
Expect a more bountiful 2nd half

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