Halycon kept at 'hold' with 64 cents target price by UOB Kay Hian

Stock Name: Halcyon Agri
Company Name: HALCYON AGRI CORPORATION LTD

Research House: UOB KayHian

Price Call: HOLD

Target Price: 0.64

SINGAPORE (Jan 13): UOB Kay Hian is maintaining a "Hold" rating for Halycon Agri Corp (HACL) with a target price of 64 cents as the group consolidates its operations with the aim of becoming a top global rubber supply chain manager.

In a Jan 13 report, UOB says the group has ensured smooth integration between its upstream and downstream acquisitions while proceeding with the consolidation.

The upstream investment in JFL Agro is expected to provide up to 10% of HACL's Malaysian factories' raw material needs once the 16,061 acres of cultivable rubber plantation fully mature.

Keppel DC REIT started at "outperform", $1.10 target by Credit Suisse

Stock Name: Keppel DC Reit
Company Name: KEPPEL DC REIT

Research House: Credit Suisse

Price Call: BUY

Target Price: 1.10

SINGAPORE (Jan 13): Credit Suisse has started coverage on Keppel DC REIT with an "outperform" rating and a price target of $1.10.

The REIT, which owns eight data centres in Singapore, Australia, Malaysia, the UK, the Netherlands and Ireland, is a proxy to growing data usage worldwide and will benefit from rising demand for data centres, Credit Suisse analysts Yvonne Voon and Daniel Lim wrote in a note today.

OSIM price target cut 6.3% to $2.55 by Maybank Kim Eng

Stock Name: OSIM Intl
Company Name: OSIM INTERNATIONAL LTD

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 2.55

SINGAPORE (Jan 13): Maybank Kim Eng has cut its price target for OSIM International from $2.72 to $2.55, pegged at 19 times forward earnings, after lowering its FY2014 and FY2015 earnings estimates by 6% to factor in higher operating expenditure as the company opens two more central kitchens in Beijing and Shenzhen.

"1H2015 should still be laden with expansion costs as TWG plans to enter Beijing, Guangdong and Hong Kong," Maybank Kim Eng analyst Gregory Yap said in a note, referring to the massage chair maker's tea label.

Ezra kept at 'buy' with lower target price of 93 cents by CIMB

Stock Name: Ezra
Company Name: EZRA HOLDINGS LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 0.93

SINGAPORE (Jan 12): CIMB Research has cut target price for Ezra Holdings to 93 cents from $1.10 amid disappointing 1QFY8/15 subsea earnings, but maintains a "Buy" call due to its current subsea projects.

The contractor and provider of offshore solutions to the oil and gas industry lost US$15 million gross profit in 1QFY8/15 due to dry-docking of two subsea vessels.

One of the vessel encountered bad weather and gangway malfunction last October, while the other was under a mandatory five-year maintenance.

Keppel Corp downgraded to "hold", target cut to $8.80 by Deutsche Bank

Stock Name: Keppel Corp
Company Name: KEPPEL CORPORATION LIMITED

Research House: Deutsche Bank

Price Call: BUY

Target Price: 8.80

SINGAPORE (Jan 9): Deutsche Bank has downgraded Keppel Corp to "hold" from "buy" and cut its price target to $8.80 from $11.80, saying new orders are likely to fall this year to about $2 billion from $5 billion in 2014 as oil prices tumble.

It has also cut its price target for Sembcorp Marine, for which it has a "sell" rating, to $2.50 from $3.20.

It now expects SembMarine to secure $1.3 billion of new orders in 2015, down from $4.2 billion last year.

Triyards price target cut 26% to 65 cents by OCBC

Stock Name: Triyards
Company Name: TRIYARDS HOLDINGS LIMITED

Research House: OCBC

Price Call: BUY

Target Price: 0.65

SINGAPORE (Jan 9): OCBC Investment Research has cut its price target for Triyards Holdings to 65 cents from 88 cents after lowering its valuation peg to six times projected earnings from seven times previously to reflect weakness in the offshore oil and gas sector.

Its "buy" call is intact.

The vessel builder is still receiving enquiries for potential orders amid falling oil prices, and has diversified into new product lines with the acquisition of Strategic Marine Group last year, OCBC analyst Low Pei Han said in a note today.

KrisEnergy kept at "outperform" with 80-cent target by Macquarie

Stock Name: KrisEnergy
Company Name: KRISENERGY LTD.

Research House: Macquarie

Price Call: BUY

Target Price: 0.80

SINGAPORE (Jan 7): Macquarie Research has kept its "outperform" call and 80-cent price target on KrisEnergy, saying the Southeast Asia-focused oil and gas explorer offers "fundamental" value even as oil prices continue to fall.

The company said last week the Indonesian government has approved its plan to develop a gas field in East Java, paving the way for KrisEnergy to pursue talks with potential buyers for gas sales agreements.

KrisEnergy's so-called Bulu production sharing contract covers three areas spanning a total of 697sq km in water depths of 50m to 60m.